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EB
222 Principals
of Macroeconomics (1:00 pm – 1 :55 pm) Song
Gao Classroom: BAC C225 Office: BAC C203 Phone: 641-3542 Email: Gao@juniata.edu |
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Announcements: 1.
Our final exam will be
on April 28th and it will cover chapter 17 and chapter 20. 2.
Readings for Group
Project 2:
April 2 speech http://www.federalreserve.gov/newsevents/testimony/bernanke20080402a.htm February 27 Speech http://www.federalreserve.gov/newsevents/testimony/bernanke20080227a.htm February 14 Speech http://www.federalreserve.gov/newsevents/testimony/bernanke20080214a.htm January 11 speech http://www.federalreserve.gov/newsevents/testimony/bernanke20080117a.htm 3.
Midterm 3’s score is
available, now. 4.
Secretary of
Department of Treasury Henry Paulson’s financial regulatory reform report.
(the hottest on Wall Street)
http://www.treasury.gov/press/releases/hp897.htm 5.
Another investment
bank scheme: N-11 (those investment banks are so desperate.) http://faculty.juniata.edu/gao/N
11 Report.pdf
6.
Looking at current market condition from a
different perspective: a speech made by Gerald Corrigan (managing director of
Goldman Sachs). http://www2.goldmansachs.com/ideas/economic-outlook/perspectives-on-market-conditions.pdf 7.
Timeline for subprime
crisis http://online.wsj.com/public/resources/documents/info-marketsTimeline080318.html 8.
Midterm 2’s score is
out. Check it out. 9.
If you are really
interested in economics, I recommend you to follow this every day http://blogs.wsj.com/economics/ 10.
The day eventually
comes: Bear Stearns (the fifth largest investment bank in U.S. agreed to be
bought by JP Morgan Chase by $2 per share.) For stories behind the deal,
check out this blog http://blogs.wsj.com/economics/2008/03/15/behind-the-feds-bear-loan-systemic-risk-fear/ (corrected link) If you wonder how come this whole
thing became so bad, check this slide (rated PG-17) http://faculty.juniata.edu/gao/subprime.pps 11.
Chapter7’s practice
test is ready for download (note: there is no multiple-choice question for
chapter 7 and there will be no any multiple-choice questions from chapter 7
in our next midterm) 12.
Chapter 6’s practice
test is ready for download. 13.
Second midterm is
scheduled on March 19th (next Wed) 14.
Homework for Spring
break: Read Ben Bernanke’s Fed 27 testimony in front of the committee on
financial services. Print a copy and keep it for our future group project. This is the link of the speech: http://www.federalreserve.gov/newsevents/testimony/bernanke20080227a.htm |
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v Useful Links CNN CNBC BBC Federal Reserve Banks (St. Louis) Autoblog Bloomberg Businessweek |
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