CHAPTER 1 INTRODUCTION TO MACROECONOMIC

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CHAPTER 1 INTRODUCTION TO MACROECONOMIC PB202 MACROECONOMICS CHAPTER 1 INTRODUCTION TO MACROECONOMIC Prepared by: Azlina bt Azmi Session of December 2010

Arrow Process Chapter Summary Why use graphics from PowerPointing.com? - What is macroeconomics? Macroeconomics versus microeconomics Macroeconomic goal Price stability Economic growth Full employment - Distribution of income - What is aggregate demand? -the curve GOVERNMENT POLICIES AND TOOLS MACROECONOMICS IN GENERAL AGGREGATE DEMAND AGGREGATE SUPPLY MACROECONOMIC GOAL Fiscal policy (tax & government spending) and Monetary Policy (supply of money) Definition - the curve Prepared by: Azlina bt Azmi Session of December 2010 This illustration is a part of ”Building Plan”. See the whole presentation at slideshop.com/value-chain

What is macroeconomics? The branch of economics that studies decision making for the economy as a whole (inflation, unemployment, economy growth, money supply, national incomes)

Macroeconomics vs Microeconomics Studies individual income Studies national income Analyzes demand for and supply of labor Analyzes total employment in the economy Deals with households’ and firms’ decisions Deals with aggregate decisions Analyzes demand and supply of goods Analyzes aggregate demand and aggregate supply

Inflation

Government Policies In order to stimulate economic growth