First Student-Moderated In-Class Discussion Group

Involuntarily Unemployed or Just Plain Stubborn?, Moderated by Discussion Group 1 (Ryan Gerdes, Nick Layland, Qiye Sun, and Jessica Schuring), Thursday, September 27, 2007, 11-12 (first hour of class).

Required and Recommended Readings:

• ** Ref.[1] Robert E. Lucas, Jr., "Unemployment Policy," 240-247 in Studies in Business Cycle Theory, MIT Press, 1981 (Handed Out)

• ** Ref.[2] Robert E. Lucas, Jr., Autobiography, 1995 (Handed Out)

• ** Ref.[3] Alan Blinder, "Keynes, Lucas, and Scientific Progress," American Economic Review, May 1987, 130-136 (Handed Out)

• ** Ref.[4] Michel De Vroey, "Lucas on Involuntary Unemployment," Cambridge Journal of Economics 28 (2004), 397-411 (Handed Out)

Second Student Moderated In-Class Discussion Group

Growth Versus Poverty: A Hollow Debate?, Moderated by Discussion Group 3 (Emre Aylar, Nate Kauffman, Brian Pattiz), Thursday, November 1, 2007, 11-12 (first hour of class).

Required and Recommended Readings:

• ** Ref.[1] Dani Rodrik, "Growth Versus Poverty Reduction: A Hollow Debate", Finance and Development (IMF), Vol. 37, No. 4, December 2002. (html).

• ** Ref.[2] Ebba Dohlman and Mikael Soderback, "Economic Growth Versus Poverty Reduction: A `Hollow Debate?'", Observer (OECD), April 2007. (html)

• ** Ref.[3] David Ellerman, "Can the World Bank Be Fixed?", Post-Autistic Economics Review, Issue No. 33, 14 September 2005, pp. 2-16. (html).

• * Ref.[4] World Bank Homepage (html)

• * Ref.[5] Jonathan Temple, "The New Growth Evidence", Journal of Economic Literature, Vol. XXXVII (March 1999), 112-156. (Handed Out)

Third Student-Moderated In-Class Discussion Group

Rational Expectations as a Coordination Device?, Moderated by Discussion Group 2 (Joe McPhail, Billy Suppes, Juan Muguia), Thursday, November 8, 2007, 11-12 (first hour of class).

Required and Recommended Readings:

• ** Course Packet 21, "Game Theory: Basic Concepts and Terminology"

• ** Course Packet 23, "Introduction to Rational Expectations"

• ** Course Packet 26, "Non-Walrasian Equilibrium: Illustrative Examples" (Section 6)

• ** David Colander (1996), "Overview", Chapter 1 (pp. 1-17, focus on 1-10) in D. Colander (ed.), Beyond Microfoundations: Post Walrasian Macro, Cambridge University Press, Cambridge, UK, 1996. (Handed Out)

• ** John Bryant (1996), "Team Coordination Problems and Macroeconomic Models", Chapter 10 (pp. 157-171) in Colander (ed.), op. cit. (Handed Out)

Fourth Student-Moderated In-Class Discussion Group

Micro-Micro Foundations for Macroeconomic Systems?: The Complicated Interplay Among Structural Constraints, Institutional Arrangements, and Behavioral Dispositions, Moderated by Discussion Group 4 (Mainul Hoque, Josh Parcel, Brittany Teahan), Thursday, November 29, 2007, 11-12 (first hour of class).

Required and Recommended Readings:

• ** [1] Geoffrey M. Hodgson, "The Revival of Veblenian Institutional Economics," Journal of Economic Issues, Vol. XLI, No. 2, June 2007 pp. 325-340. (Handed Out)

• ** [2] Leigh Tesfatsion, "Agent-Based Computational Modeling and Macroeconomics" (pdf preprint), pp. 175-202 in David Colander, Post Walrasian Macroeconomics: Beyond the Dynamic Stochastic General Equilibrium Model, Cambridge University Press, Cambridge, UK, 2006, Packet Reading No. 27.

• * [3] Harold Kuhn, "Introduction" (pdf), in Theory of Games and Economic Behavior: Commemorative Edition, Princeton University Press, 2007 (Paperback Edition).

• * [4] Leonid Hurwicz, "What Has Happened to the Theory of Games" (pdf), American Economic Review 43(2), 1953.

Copyright © 2007 Leigh Tesfatsion. All Rights Reserved.