Monday, September 10, 2007

Doing things at a different level

Today I finally had my first lecture in Macroecon. The topics and materials presented just blow me away ...

I was an Econ major in college and did Intermediate Macroecon. So I had this idea that I can somewhat relate my knowledge from the past and smooth out my venture in this course. But I am wrong, I think. This semester alone, we are going to dissect Marshall-Lerner, Mundell-Fleming, Seignorage, Salter-Swan, forex theory and mechanism, capital mobility, PPP, Dutch Disease, intertemporal trade, IRP, pricing models, speculative attack models, boom-bust, sudden stop, forecasting, portfolio theory, debt dynamics and etc etc etc.

We are going to read Romer, Frankel and Obstfeld. Besides the textbooks, we are going to read about or more than 25 econ papers ...

I hope I suvive ;p ... after the lecture, one of my classmates came to me and asked rather worriedly, "Do you get what he was talking about just now?" My reply, "I was equally overwhelmed."

... and oh yeah, right before it ended, the prof. added that next semester, in our Adv. Macroecon II (yes there is a part 2), we will be going back to the basics to derive from the first principles ... so here comes all our partial differential equations and calculus.

1 comment:

Ink said...

Steady man! Wish I were there.