3.5 - Unemployment - Measuring Unemployment - Changes in Employment Status - In Touch With the Macroeconomy: - Labor Market Data - How Long Are People.

Slides:



Advertisements
Similar presentations
Begin $100 $200 $300 $400 $500 GraphsEconomicEquations Unit 1 Unit 3 KeyTerms Unit 2.
Advertisements

Introduction to Business © Thomson South-Western ChapterChapter Economic Activity Measuring Economic Activity Economic Conditions Change.
Business Cycles, Unemployment, and Inflation Chapter 26 McGraw-Hill/Irwin Copyright © 2009 by The McGraw-Hill Companies, Inc. All rights reserved.
Introduction to Macroeconomics Chapter 19. Contemporary Macroeconomics.
© 2008 Pearson Addison-Wesley. All rights reserved Productivity, Output, and Employment Chapter 3.
Chapter 4: Consumption, Saving , and Investment
A Real Intertemporal Model with Investment
© 2008 Pearson Addison-Wesley. All rights reserved Productivity, Output, and Employment Chapter 3.
Chapter 10. Economic Fluctuations. Homework: p. 301 # 1, 2a-c, 3b Link to syllabussyllabus.
Product Markets and National Output Chapter 12. Discussion Topics Circular flow of payments Composition and measurement of gross domestic product Consumption,
Chapter 13 Fiscal Policy. The Multiplier Formula (cont’d) Can use this formula to find the impact on real GDP of any given change in aggregate demand:
Slide 0 CHAPTER 9 Introduction to Economic Fluctuations In Chapter 9, you will learn…  facts about the business cycle  how the short run differs from.
Spending and Output in the Short Run Chapter 13. Chapter 13 Learning Objectives. You should be able to: List the components of investment. Distinguish.
Harcourt, Inc. items and derived items copyright © 2001 by Harcourt, Inc. Spec’n’ the Fed n What federal funds rate target will the FOMC set on Wednesday?
© 2003 Prentice Hall Business PublishingMacroeconomics, 3/eOlivier Blanchard Prepared by: Fernando Quijano and Yvonn Quijano 2 C H A P T E R A Tour of.
Chapter 1 Why Study Money, Banking, and Financial Markets?
1.2 - What Macroeconomics Do - Macroeconomic Forecasting - Macroeconomic Analysis - Macroeconomic Research - Data Development - BoX 1.1 Developing and.
In this chapter, you will learn:
Aggregate Supply & Demand
The Economic or Business Cycle. Measuring Economic Activity We calculate the value of a country's output or wealth generated in a year by measuring GDP-Gross.
Chapter 1 Why Study Money, Banking, and Financial Markets?
2 - 1 Copyright McGraw-Hill/Irwin, 2002 The Foundation of Economics Employment and Efficiency Unemployment, Growth, and the Future Economic Systems The.
Macro Chapter 10 Dynamic Change, Economic Fluctuations, and the AD-AS Model.
Spending, Income, and Interest Rates Chapter 3 Instructor: MELTEM INCE
economic indicator  Statistics about the economy that allows analysis of economic performance and predictions of future performance.  Usually calculated.
MODEL 0. The Simple Circular Flow. Numerical exercises PrM CrM H&B X Y C I S Y = C + S. Must be true X = C + I. Must be true S = I. If and when the Credit.
© 2008 Pearson Addison-Wesley. All rights reserved Productivity, Output, and Employment Chapter 3.
Macro Chapter 10 Dynamic Change, Economic Fluctuations, and the AD-AS Model.
MACROECONOMICS BY CURTIS, IRVINE, AND BEGG SECOND CANADIAN EDITION MCGRAW-HILL RYERSON, © Chapter 5 Output, Business Cycles, and Employment.
Economic Ups & Downs Activity Test Review. What is real gross domestic product? O Total market value of all final goods and services produced within the.
Supply Curve Demand Curve Refers to shifts in the economy over time Refers to shifts in the economy over time Measured by the growth rate of.
Abel & Bernanke Ch. 8, Key Macroeconomic Theories of the Business Cycle.
Essential Standard 1.00 Understand the role of business in the global economy. 1.
Supply Curve Demand Curve What happens to demand if price goes UP? What happens to demand if price goes UP? What happens to supply if price goes UP?
The Economic or Business Cycle. Measuring Economic Growth We calculate the value of a country's output or wealth generated in a year by measuring GDP-Gross.
Fiscal Policy and the Multiplier. Unemployment Economic Growth.
Begin $100 $200 $300 $400 $500 Graphs Unit 1 Unit 2 Unit 3 Random Key Terms.
CHAPTER 5 Introduction to Macroeconomics © 2009 Pearson Education, Inc. Publishing as Prentice Hall Principles of Macroeconomics 9e by Case, Fair and Oster.
Macroeconomics. Chapter One Introduction Macroeconomics : 1. Definition - macroeconomics is concerned with the behavior of the economy as a whole-----booms.
Copyright © 2004 South-Western Mods 17-21, 30 Macro Analysis Part I.
Essential Standard 1.00 Understand the role of business in the global economy. 1.
W ASHINGTON C ROSSING A DVISORS Market and Economy Outlook.
© 2008 Pearson Addison-Wesley. All rights reserved Consumption, Saving, and Investment Chapter 4.
Copyright 2008 The McGraw-Hill Companies 7-1 Economic Growth The Business Cycle Unemployment Labor Force Composition Types of Unemployment Unequal Burdens.
ESSENTIAL STANDARD 1.00 UNDERSTAND THE ROLE OF BUSINESS IN THE GLOBAL ECONOMY. 1.
Macro Chapter 10 Dynamic Change, Economic Fluctuations, and the AD-AS Model.
© 2008 Pearson Addison-Wesley. All rights reserved Consumption, Saving, and Investment Chapter 4.
Sections 1 and 2 Chapter 10, 8 th and 9 th edition Chapter 9, 7 th edition Introduction to Economic Fluctuations.
Chapter 4 Consumption, Saving, and Investment. Copyright © 2005 Pearson Addison-Wesley. All rights reserved. 4-2 Figure 4.1(a) The index of consumer sentiment,
Why Study Financial Markets?
Why Study Money, Banking, and Financial Markets?
Monetary and Fiscal Policy in the Keynesian Model
Microeconomics VS Macroeconomics
Unit Three: Aggregate Demand.
Macroeconomics ECN 3102 CHAPTER 3.
Why Study Money, Banking, and Financial Markets?
The Macroeconomy.
Econ Roadmap Focus Midterm 1 Focus Midterm 2 Focus Final Intro
11 Aggregate Demand and Aggregate Supply C H A P T E R Click To Go
11 C H A P T E R Aggregate Demand and Aggregate Supply.
Chapter 10/9 Introduction to Economic Fluctuations
Professor Lowenberg Office: JH 4238 Phone: anton
Macroeconomics ECN 3102 CHAPTER 4.
7 Introduction to Economic Growth and Instability.
CHAPTER 1 INTRODUCTION TO MACROECONOMIC
FIGURE 12.1 The Aggregate Macroeconomic Model
Aggregate demand and aggregate supply
11 Aggregate Demand and Aggregate Supply C H A P T E R Click To Go
11 Aggregate Demand and Aggregate Supply C H A P T E R Click To Go
Some Terms to Know The Business Cycle.
Presentation transcript:

3.5 - Unemployment - Measuring Unemployment - Changes in Employment Status - In Touch With the Macroeconomy: - Labor Market Data - How Long Are People Unemployed ? - Why There Always Are Unemployed People

3.6 - Relating Output and Unemployment Okun's Law - Chapter Summary - Key Terms - Key Equations - Review Questions - Numerical Problems - Analytical Problems - The Conference Board ® Exercises - Appendix 3.A The Growth Rate Form of Okun's Law

Consumption, Saving, and Investment Consumption and Saving - The Consumption and Saving Decision of an Individual - Effect of Changes in Current Income - Effect of Changes in Expected Future Income - Application Consumer Sentiment and the Recession - Effect of Changes in Wealth - Application The Response of Consumption to Stock Market Crashes and Booms - Effect of Changes in the Real Interest Rate - Fiscal Policy - In Touch With the Macroeconomy : - Interest