Introductory Macroeconomics Learning Outcome Assessment 1 ASSE 2111 - Section 204 Introductory Macroeconomics Alaa AlGhamdi 200900246 Deena Jokhdar 200901528 Sarah AlSughaiyer 201000197

Outline Part one: Basic concepts Chapter 1 Overview of Macroeconomics Chapter 2 The modern mixed economy Chapter 3 Basic concepts of supply and demand Part two: Macroeconomics: Economic growth and business cycle Chapter 4 Overview of macroeconomics Chapter 5 Measuring economic growth Insert a map of your country.

Introduction Economics a powerful word that controls everything that happens around you either it was your whole country or the things that happens inside it. Macroeconomics is what happens in the country as a whole that why its an important subject for students to learn about because it effects your daily life and will let you understand what is going in the world. The book of Macroeconomics was designed to make this subject more simpler and interesting for students , which will help them to learn, understand and love the Macroeconomics terminology.

Chapter 1 Overview of Macroeconomics Alaa AlGhamdi 200900246 Deena Jokhdar 200901528 Sarah AlSughaiyer 201000197

Goals of Macroeconomics: Economic Literacy: after reading this book the student would be able to understand and articulate the core principles of Macroeconomics. Economic Numeracy: they’ll be familiar with the tools, concepts and methods of empirical economics and macroeconomics specifically. Upon completion of the major students should be able to apply their understanding of core concepts and quantitative tools to analyze and research real world problems and evaluate alternative economic policy proposals on macroeconomic issues.

Objectives of Macroeconomics: The student will be able to describe the main macroeconomic theories of short term fluctuations and long term growth of the economy. The student will have the ability to critically judge the consequence of basic macroeconomic policy options under different economic conditions within a business cycle. The student will be able to identify the determinants of different macroeconomic aggregates and the major challenges with the measures of aggregate demand and aggregate supply.

Focus Chapter: Chapter 1: Overview of Macroeconomics What is macroeconomics? Key Concepts of Macroeconomics. Measuring Economic Success. Aggregate Demand and Aggregate Supply. Insert a picture illustrating a season in your country.

What is macroeconomics? Macroeconomics is the study of the behavior of the economy as a whole. It examines the forces that affect the firms, consumers, and workers in aggregate. Where Microeconomics focuses on individual prices, quantities and markets. Insert a picture illustrating a season in your country.

Aggregate Demand and Aggregate Supply Aggregate supply refers to the total quantity of goods and services that the nation’s businesses willingly produce and sell in a given period of time. Aggregate supply depends on the price level, production capacity, and the level of cost. Aggregate demand refers to the total amount that different sectors in the economy willingly spend in a given period of time. Insert a picture of an animal and or plant found in your country.

Sample pages Insert a picture of an animal and or plant found in your country.

Sample exercise / activity: “Determine where is the supply and demand in this figure? Add key points in the history of your country to the timeline.

Would we use this book Yes we are going to use the book, as a main reference because it contains a lot of useful information about economics using a simple terms. Insert a picture of the head leader of your country.

BOOK WE RECOMMEND ECONOMICS BY PAUL A. SAMUELSON.