Category Archives: Macroeconomics

A fascinating look at the inner workings of the market for subprime mortgages, and the machinations of the groups involved in the industry.  Many good macroeconomic concepts are used; and the question of regulation vs deregulation of a particular kind of curious market discussed.  YOu can get into whether anyone’s conduct was unethical, and whether the palyers were simply using the rational economic approach.  It’s a quick intro to “financial engineering”.

Moody’s – Credit Rating – Mortgages – Investments – Subprime Mortgages – New York Times

Dr.Hartman-
With regards to Homework #3 and #4, what chapters would you like us to do? I know in Homework #3, Chapter 8 and 9 are crossed out because we did that on the last midterm. But chapters 12 and 13 are in red text is that something particular we need to know about? Thank You!
Best Regards- Maxine Kantor

This exam will cover chapters 10-16 with emphasis on 10-15.  You should do the homework problems for those chapters.  If there is something in red it does not matter. I did use the track changes feature in word (control-shift-E) to edit the assignments at some time in the past.  If you see the “Final showing markup” in the track changes toolbar, just click the dropdown to “Final” and they will disappear (not forever, unfortunately…that is something i did not know when i made the assignments).

FT.com / Comment & analysis / Analysis – Focal distance – why two top central banks are taking different views