1 / 5

Principles of Macroeconomics ECON 401

Learn NIPA Accounts, growth rate calculations, CPI, and more in Principles of Macroeconomics. Explore real GDP and income/expenditures to enhance your business knowledge.

obriend
Download Presentation

Principles of Macroeconomics ECON 401

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Principles of MacroeconomicsECON 401 Dr. Andrew L. H. Parkes “A Macroeconomic Understanding for use in Business” 卜安吉

  2. Finish Chapter 23 • NIPA Accounts – Income and Expenditures – real GDP, more next week • Growth rate calculations The required textbook Principles of Macroeconomics, Day 2

  3. Chapter 23 continued • Midterm Exam: Values of the indicators of the 3 Goals of Any Macroeconomy • For example: 8.7% for the CPI for China • Problem Set #1: Do Question #1, Question #2 a) and b) • Problem Set #2 is on the webpage, download it and complete it for next class. Federal Reserve did what? Principles of Macroeconomics, Day 2

  4. Chapter 24 • Pay attention to the definition of the CPI in class! • CPI in U.S. is what? • Cost of Living is measured by the CPI U.S. Department of LaborBureau of Labor Statistics http://www.bls.gov/cpi/ Principles of Macroeconomics, Day 2

  5. SEE MY WEBSITE: andrewparkes.com • Substitution Bias • Introduction of new goods • Unmeasured quality changes • Typical Average Family Four problems with using the CPI for a Perfect measure of a COLA Principles of Macroeconomics, Day 2

More Related