Macro Objectives Talk’n’ Economics –Vocabulary: GDP, Inflation, Debt, Supply, Demand…and much, much more Economic Facts –Descriptions of the US and world.

Slides:



Advertisements
Similar presentations
II. UNIT II.. C. Aggregate De mand and Aggregate Supply 1. Equilibrium real GDP and price level with stationary AD and AS 2. The depiction of cyclical.
Advertisements

Fiscal Policy Lecture notes 10 Instructor: MELTEM INCE
IN THIS CHAPTER, YOU WILL LEARN:
Why economists disagree A Macroeconomic Policy Roundtable.
Ch 1: The Science of Macroeconomics Macroeconomics (2007) By Gregory Mankiw 6th edition.
Macroeconomics: Economic growth and fluctuations Chapter 1.
Why should an MBA student, study Macroeconomics ?.
First Picture The Production Possibilities Frontier Tradeoffs in Pictures Quantity of Computers Produced Quantity of Cars Produced 3,000 1,000 2,000 2,200.
Chapter 3 Assessing Economic Conditions. Learning Objectives  Identify the macroeconomic factors that affect business performance.  Explain how market.
Principles of Macroeconomics Instructor Bernard Malamud Professor of Economics – –Website:
ECON 103 Principles of Macroeconomics Instructor: Bernard Malamud –Office: BEH 502 Phone (702) 895 –3294 Fax: 895 – 1354 »
Growth and Long Run Aggregate Supply Objectives: 1. Understand the concept of long-run aggregate supply. 2. Describe the effect of economic growth on the.
Structure of the Food & Fiber Industry Linkages to the Farm Business Sector LESE 306 Fall 2008.
Macro Objectives Talk’n’ Economics –Vocabulary: GDP, Inflation, Debt, Supply, Demand…and much, much more Economic Facts –Descriptions of the US and world.
Copyright©2004 South-Western 30 Money Growth and Inflation Money Growth and Inflation.
Thinking Like an Economist
1 Ten Principles of Economics. TEN PRINCIPLES OF ECONOMICS Economics is the study of how society manages its scarce resources.
CHAPTER 1: The Foundation of Business Sections: 1. Getting Down to Business 2. What is Economics 3. Perfect Competition Supply & Demand 4. Monopolistic.
The U.S. Food & Fiber Industry Linkages to the Farm Business Sector Spring 2010.
What is the difference? Needs: Something that is required Wants: Something that is “nice to have” but not required.
Mr. Sloan Riverside Brookfield High school.  2 Hours and 10 Minutes Long  Section 1-Multiple Choice ◦ 70 Minutes Long ◦ Worth 2/3 of the Score  Section.
PowerPoint Review Q & A Session BRING SOMETHING TO DO THE DAY OF THE FINAL No computers, no leaving the room! Economics.
Where You Are!  Economics 305 – Macroeconomic Theory  M, W and Ffrom 12:00pm to 12:50pm  Text: Gregory Mankiw: Macroeconomics, Worth, 9 th, 8 th edition,
ECON 103 Principles of Macroeconomics Instructor: Bernard Malamud –Office: BEH 502 Phone (702) 895 –3294 Fax: 895 – 1354 »
This test consists of 10 questions designed to test your understanding of Macro Economics The links provide you with a choice of answer, along with explanations.
IN THIS CHAPTER, YOU WILL LEARN:
Chapter 1 Nature of Economics1 Content Part I What is economics? Part II Consumption, Production & Exchange Part III Market structure Part IV Factor market.
“Redelsheimer’s Graphs to Know” AP Macro Review Copyright 2005.
Essays (2) Answer one question from each section.
MACROECONOMICS © 2014 Worth Publishers, all rights reserved PowerPoint ® Slides by Ron Cronovich N. Gregory Mankiw Fall 2013 update The Science of Macroeconomics.
M ACROECONOMICS STG Spring 2012 Ruslan Aliyev. Course Syllabus Schedule: Lectures: Tuesdays, 8:30-10:00; Fridays, 8:30-10:00 Exercise sessions: Tuesdays,
Macroeconomics. Chapter One Introduction Macroeconomics : 1. Definition - macroeconomics is concerned with the behavior of the economy as a whole-----booms.
Test 1, 2, 3, 4 Review. Chapter 1 Want vs. Need Good vs. Service Natural Resources –Oil, minerals, rivers, lakes Human Resources –The people producing.
Copyright © 2004 South-Western/Thomson Learning Thinking Like an Economist Every field of study has its own terminology Mathematics integrals  axioms.
Why Study Money, Banking, and Financial Markets? chapter 1.
Econ 202 Fall 2015 Introduction to Macroeconomics.
Economists are interested in 4 main questions… 1.Economic growth Has our economy grown in the last year, and is our capacity to product goods and services.
Fiscal Policy Fiscal Policy - Government effort to control the economy and maintain stable prices, full employment, and economic growth. Fiscal Policy.
Thinking Like an Economist 1. The Economist as a Scientist Economics –Science Economists –Scientists Devise theories Collect data Analyze these data –Verify.
Unit 2 Glossary. Macroeconomics The study of issues that effect economies as a whole.
Why Study Money, Banking, and Financial Markets? chapter 1.
MONETARY POLICY. What is it?  The use of interest rates and the money supply to control aggregate demand in the economy.
© Cambridge University Press 2015 Cain et al Chapter 1 Indicators of economic performance.
Introduction to Economics
AP Economics Mistakes.
1 The Science of Macroeconomics.
3.4.3: Strengths and Weaknesses of These Policies
Policy Instruments Fiscal Policy Monetary policy Supply side policy
Economics Unit 1: Individual, Business, & Government Choices
Chapter 2: Thinking Like an Economist
Microeconomics VS Macroeconomics
Macro – Economic Indicators
Overview of Macroeconomics
Pertemuan 17 (Seventeenth Meeting) Evaluation of Economic
ECON International Economics
Economic Stabilization Policy
Fiscal Policy Fiscal Policy - Government effort to control the economy and maintain stable prices, full employment, and economic growth. Fiscal Policy.
MACROECONOMIC OBJECTIVES
International Economics How Does the Open Macro-economy Work?
Chapter3 The macro-economic environment
1. Business Cycle Gross Domestic Product 2. Peak Consumer Price Index
Disputes Over Macro Theory and Policy
ECONOMICS: April 16 Warm-up (using Act. 5-2 HO) Discretionary vs. Automatic Fiscal Policy (#1, #3, #4, #6, #7, & #10) Economics Learning Target In order.
Economics Macro Review
Fiscal Policy.
Sources of Government Revenue
ECONOMICS: April 17 Warm-up
Aggregate Supply & Demand Model
ECONOMICS: April 22 Warm-up What is the difference between discretionary and automatic fiscal policy? Economics Learning Target In order to understand.
Presentation transcript:

Macro Objectives Talk’n’ Economics –Vocabulary: GDP, Inflation, Debt, Supply, Demand…and much, much more Economic Facts –Descriptions of the US and world economies Economic Models –Simplifying a complex reality Economic Policy Analysis –Laissez – faire vs. activism The Economic Way of Thinking

Macro Concerns Jobs Growth Price Stability Government Budget Balance of Payments Exchange Value of Dollar

Macro Pictures: Jobs

Macro Pictures: Unemployment

Macro Pictures: Prices

Macro Pictures: Budget Deficit

Macro Pictures: Payments Deficit

Macro Pictures: Exchange Rate

Micro Foundations: A Brief Review Production Possibilities Frontier Quantity of Computers Produced Quantity of Cars Produced A 0 B Feasible but Inefficient C D Production Possibilities Frontier  Efficient Points

Supply Demand Price of Ice-Cream Cone Quantity of Ice-Cream Cones Micro Foundations: A Brief Review Supply and Demand $ Equilibrium

Feedback: Privacy Policy Feedback
Do Not Sell My Personal Information
About project: SlidePlayer Terms of Service

© 2025 SlidePlayer.com. Inc. All rights reserved.