Macroeconomics

Macroeconomics Instructor ： Dr. Jack Zhang Date: 2007.9.5 Lecture 1 ： Introduction to Macroeconomics Issues covered Objective Contents Issues covered What is the subject matter of macroeconomics?

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MACROECONOMICS

MACROECONOMICS. UNIT OF ANALYSIS - ECONOMY AS A WHOLE VARIABLES OF INTEREST - OUTPUT - PRODUCTIVITY - INFLATION - UNEMPLOYMENT METHOD OF ANALYSIS - ECONOMIC MODELING. ECONOMIC MODELING. HYPOTHESIS Relationship of interest Level of sales and the price THEORETICAL FORMULATION

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Macroeconomics

Macroeconomics. Unit 10 Self-Adjustment or Instability?. Introduction. In this unit we examine what happens when more money is available for consumers and businesses to spend. We will also examine the impact of changes in government spending.

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MACROECONOMICS

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Macroeconomics

Macroeconomics. Unit 8 The Business Cycle The Top 5 Concepts. Introduction. In this unit you learn about the factors which influence the slope and position of the demand and supply curves. You are also exposed to the main economic theories about the demand and supply curves.

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MACROECONOMICS

MACROECONOMICS. The study of the major economic totals, or aggregates, such as the nation’s output, the national unemployment rate, or the general price level. What stimulated the development of Macroeconomics ?. In the 1930s, two events sparked interest in Macroeconomics:

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Macroeconomics

Macroeconomics. Unit 3 Supply and Demand The Top 5. ©2007, 2005 by E.H. McKay III Some images ©2004, 2003 www.clipart.com. Markets. There are two types of markets where factors of production (land, labor ,capital, entrepreneurship) and products are bought and sold.

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Macroeconomics

Macroeconomics. Course Outline. Course Goals. You, your teaching assistants and I will collaborate, seeking to make this the most thought-provoking and useful course you will take in economics or any social science.

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Macroeconomics

Macroeconomics . The study of the entire economy. Used to predict economic performance by looking at the past and current performance of the economy. . In order to do this:. Measurements called NIPAs are used

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macroeconomics

macroeconomics. National Income - Measurement. National Income Flow (per year) Flow chart Messy flow chart Could slice it several ways GDP, gross domestic product Amount of output within a country in a year = all expenditures = all incomes Why two sides are same? Value added

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MACROECONOMICS

MACROECONOMICS. Chapter 7 Economic Growth I: Capital Accumulation and Population Growth. Solow Growth Model. Real GDP in US is 5X its level 50 years ago; per capita real GDP is 3X. In some poor countries, real GDP per person is only 2-5% of US.

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Macroeconomics

Macroeconomics. Revision. Lecture 3 Economic Growth. Definition & diagram to illustrate Factors contributing to economic growth Effects of economic growth. Lecture 4 Saving Investment. Relationship between saving and investment S = I Components of saving S = (Y – T – C) + (T – G)

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Macroeconomics

Macroeconomics. MECN 450 Winter 2004. Topic 2: Long Run Growth the Solow Growth Model. Long-run Growth. We started with diagnostics: What are the Sources of Growth? Growth Accounting Investment and Capital Accumulation Productivity Growth

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Macroeconomics

Macroeconomics. LECTURE SLIDES SET 2 Professor Antonio Ciccone. SAVINGS, INVESTMENT AND THE CREDIT MARKET EQUILIBRIUM— OR FROM THE RENTAL PRICE OF CAPITAL TO THE REAL INTEREST RATE. Investment and savings meet in the credit (also loan) market

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MACROECONOMICS

MACROECONOMICS. Chapter 10 Aggregate Demand I: Building the IS-LM Model. Can We Ignore Short Run?. In 1933, unemployment rate was 25% and GDP was one-third below its 1929 level. Classics: supply creates its own demand. Keynes: aggregate demand fluctuates independent of the supply.

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MACROECONOMICS

MACROECONOMICS. United States Fiscal Policy & International Trade. Fiscal Policy. Spending, taxing, and borrowing policies of the United States government within a 12-month period of time. Types of Taxes. Proportional Progressive Regressive. How does the government collect taxes?.

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Macroeconomics

Macroeconomics. The branch of economics that studies the performance of national economies is called macroeconomics. Macroeconomics. Macroeconomics is concerned with two questions: Factors that determine long-run growth in the size of economies, the standard of living, and the price level.

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MACROECONOMICS

MACROECONOMICS. 2009 FRQ. Norman. 1.  Assume that the U.S economy is in long-run equilibrium with an expected inflation rate of 6% and an unemployment rate of 5%.  The nominal interest rate is 8%. (a) Using a correctly labeled graph with both the short-run and long-run Phillips curves

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Macroeconomics Essay Practice

Macroeconomics Essay Practice. Internal Problems and Policies. Pay Attention!. NYJC 2006. Qn. Discuss the view that fiscal policy is the best method to promote economic growth and analyze to what extent the use of fiscal policy to achieve economic growth

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Macroeconomics

Macroeconomics. Macroeconomics. Macroeconomics is the study of the economy in the aggregate. The “Big Three” Macroeconomic Concepts: Unemployment Inflation Productivity.

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Macroeconomics

Macroeconomics. Se Yan Guanghua School of Management Peking University Spring 2013. Se Yan. Email: seyan@gsm.pku.edu.cn Office phone: 62757764 Office: Rm 402 of the new building Facebook, sina weibo, renren: seyan78@gmail.com. The TA. The TA is your friend

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