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Report1 - University of Minnesota Spring 2010 Economics...

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University of Minnesota Spring 2010 Economics 3102-05 Intermediate Macroeconomics Reading Report 1 This reading report is due Thursday, February 4, at the beginning of the class. The maximum score is 10 points. Be sure to review the Syllabus for details about reading reports and their grading ! Feel free to contact me via e-mail if you have specific questions about the report. 1 Instructions for the report For this reading report I want you to take a brief dive into the (recent) history of macroeconomics as a way to answer the following questions: Where are we? Why are we here? Where to go now? (All of the previous refer to macroeconomics. No philosophical or existentialist claims are made.) Thus, I want you to read the paper “A quick refresher course in macroeconomics” by N. Gregory Mankiw 1 . (Note that Mankiw is himself a convinced new Keynesian, so you may expect a bit of bias towards his points of view. 2 ) Once you've read it, do the following: z Write up a very brief summary of the paper. What does Mankiw try to show in the paper?
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