Principles of Macroeconomics
Principles of Macroeconomics
Big Picture
Big Picture
What to study? 2 types of aggregate variables
How to study? Use an integrated analytical framework
Micro-foundations
Micro-foundations
Introduction to economics
Production possibility frontier
Gain from trade
Economic model building
Macro-concepts
Macro-concepts
GDP
Price level and inflation
Interest rates
Key Markets
Key Markets
The labor market
The loanable funds market
The money market
General Equilibrium Models
General Equilibrium Models
The FE-IS-LM model
The AD-AS model
Effects of Shocks
Effects of Shocks
The effects of technology shocks
The effects of monetary policy
The effects of fiscal policies
Optional Topics
Optional Topics
Data
Rethinking the framework