Содержание
- 2. The Long and Short of Macroeconomics Become familiar with the focus of macroeconomics. Explain how economists
- 3. When you enter the job market can matter a lot Job market entrants in 2005 had
- 4. Understanding these fluctuations Fluctuations in the economy can be understood by learning macroeconomics. Microeconomics The study
- 5. Become familiar with the focus of macroeconomics 1.1
- 6. Macroeconomics in the short run and in the long run Short Run Business cycle Alternating periods
- 7. Long-run growth in the United States Real gross domestic product (GDP) The value of final goods
- 8. The growth in real GDP per capita By 2011, the average American was able to buy
- 9. Some countries have experienced less long-run growth Differing levels of long-run economic growth have resulted in
- 10. Aging populations pose a challenge Lower birthrates and increases in lifespans have resulted in aging populations;
- 11. Unemployment in the United States Labor force The sum of employed and unemployed workers in the
- 12. Unemployment rates differ across developed countries Government policy and structural differences can lead to persistently higher
- 13. Inflation rates fluctuate over time Inflation rates have tended to peak during wartime, with the 1970s
- 14. Inflation rates vary across countries Different countries experience widely different inflation rates. Some countries like Ireland
- 15. Economic policy can help stabilize the economy High unemployment is associated with economic downturns. Expansions have
- 16. Economic policy can help stabilize the economy The two types of government policy used to stabilize
- 17. International factors have become more important International factors have become more important in explaining macroeconomic events.
- 18. International factors have become more important International trade is even more important for many other—especially smaller—countries.
- 19. The increasing importance of global financial markets Just as markets for goods and services have become
- 20. Explain how economists approach macroeconomic questions 1.2
- 21. Macroeconomics happens to us all Everyone is affected by macroeconomics: Job loss due to recessions Stock
- 22. What is the best way to analyze macroeconomic issues? Economists study economic problems systematically. Gather data
- 23. Macroeconomic models Models are very important to the study of macroeconomics. Economists study economic problems systematically
- 24. Rising imports and U.S. employment Do rising imports lead to a permanent reduction in U.S. employment?
- 25. Rising imports and U.S. employment Do rising imports lead to a permanent reduction in U.S. employment?
- 26. Rising imports and U.S. employment Do rising imports lead to a permanent reduction in U.S. employment?
- 27. Macroeconomic models Macroeconomic models are useful simplifications of reality Economists typically assume that consumers buy goods
- 28. Macroeconomic models Endogenous and Exogenous in a Model If we assume the Federal Reserve determines the
- 29. Macroeconomic models
- 30. Formulating and testing hypotheses in economic models Hypothesis A statement that may be either correct or
- 31. Formulating and testing hypotheses in economic models Positive analysis Analysis concerned with “what is”. Examining the
- 32. Why should the U.S. worry about the Euro crisis? Euro zone: 17 member states of the
- 33. Become familiar with key macroeconomic issues and questions 1.3
- 34. Key issues and questions of macroeconomics Each chapter will highlight one key issue and a related
- 35. Key issues and questions of macroeconomics Chapter 3: The U.S. Financial System Issue: The financial system
- 36. Key issues and questions of macroeconomics Recommended Reading: Chapter 5: The Standard of Living Over Time
- 37. Key issues and questions of macroeconomics Chapter 7: Money and Inflation Issue: The Federal Reserve’s actions
- 38. Key issues and questions of macroeconomics Chapter 9: Business Cycles Issue: Economies around the world experience
- 39. Key issues and questions of macroeconomics Chapter 11: The IS-MP Model: Adding Inflation and the Open
- 40. Key issues and questions of macroeconomics Chapter 13: Fiscal Policy in the Short Run Issue: During
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