Lecture 11 Macroeconomic Analysis 2003 Approaches to Macroeconomics.

Slides:



Advertisements
Similar presentations
Measuring a Nation’s Income
Advertisements

Copyright McGraw-Hill/Irwin, 2002 Classical Economics and Keynes Classical Theory Keynesian View Causes of Macro Instability Real Business Cycle.
Chapter 12 Keynesian Business Cycle Theory: Sticky Wages and Prices.
Copyright © 2002 Pearson Education, Inc. Slide 1.
Chapter 11 An Introduction to Open Economy Macroeconomics.
27 CHAPTER Aggregate Supply and Aggregate Demand.
Copyright © 2008 Pearson Addison-Wesley. All rights reserved. Chapter 13 International Trade in Goods and Assets.
Copyright © 2008 Pearson Addison-Wesley. All rights reserved. Chapter 14 Money in the Open Economy.
Aggregate Supply Quantity Supplied and Supply The quantity of real GDP supplied is the total quantity that firms plan to produce during a given period.
Chapter 11 Market-Clearing Models of the Business Cycle.
Chapter 8 Business Cycles. Copyright © 2005 Pearson Addison-Wesley. All rights reserved. 8-2 Figure 8.1 A business cycle.
Copyright © 2002 Pearson Education, Inc. Slide 1.
0 - 0.
Addition Facts
AS/A2 The national economy The UK Economy: a Health Check How well has the economy been performing, and whats round the corner? The UK Economy: a Health.
Economic Modelling Lecture 2 Neoclassical Solow Growth Model
1 Economic Modelling Lecture 17 Small Open Economy.
1 Economic Modelling Lecture 21 Micro Foundation to Macro.
Some key issues in macroeconomics
Slide 1 Diploma Macro Paper 2 Monetary Macroeconomics Lecture 2 Aggregate demand: Consumption and the Keynesian Cross Mark Hayes.
Slide 1 Diploma Macro Paper 2 Monetary Macroeconomics Lecture 3 Aggregate demand: Investment and the IS-LM model Mark Hayes.
Review of Exam 1.
The Short-Run Keynesian Policy Model: Demand-Side Policies
Background material: Blanchard, Chapter V
Unit 3: Aggregate Demand and Supply and Fiscal Policy
Addition 1’s to 20.
Basic Keynesian Model Keynesian Cross Diagram. Measuring the macroeconomy Pág.2 GNPpm = GDP – factor incomes from abroad + factor incomes of foreigners.
Week 1.
Chapter 20 The ISLM Model. Copyright © 2007 Pearson Addison-Wesley. All rights reserved Determination of Aggregate Output.
Copyright ©2004, South-Western College Publishing International Economics By Robert J. Carbaugh 9th Edition Chapter 13: Exchange-Rate Determination.
World GDP. Nominal Gross Domestic Product Real Gross Domestic Product, Chained 2005 Dollars.
AP Economics Dictionary
Introduction Macroeconomics is the study of the structure and performance of national economies and of the government policies used to influence economic.
Introduction The macroeconomic approach National accounting.
BUSINESS ECONOMICS Class 3 26 November, Recap – Unit 4  Market Structure  Monopoly  Imperfect Competition  Perfect Competition  Pricing  Determination.
PowerPoint Presentation by Charlie Cook Copyright © 2004 South-Western. All rights reserved. Chapter 14 Objectives and Targets of Macroeconomic Policy.
Chapter 1 Why Study Money, Banking, and Financial Markets?
Copyright © 2009 Pearson Addison-Wesley. All rights reserved. Chapter 3 Spending, Income, and Interest Rates.
Macroeconomics An Introduction. Microeconomics and Macroeconomics Microeconomics: Study of the behavior of economic units such and households and firms.
KYIV SCHOOL OF ECONOMICS MACROECONOMICS I September-October 2013 Instructor: Maksym Obrizan Lecture notes IV # 2. CHAPTER 5 The open economy So far we.
Unit Two Macroeconomic Tools. Circular Flow See the chart on the board A little more detail.
Lecture 2 The Data of Macroeconomics, Macroeconomic Accounts 1 1.Measuring the Value of Economic Activity: GDP 2.Measuring the Cost of Living: The CPI.
CHAPTER 27 Aggregate Supply and Aggregate Demand PowerPoint® Slides by Can Erbil © 2005 Worth Publishers, all rights reserved.
Chapter 22 Aggregate Demand and Aggregate Supply ©2000 South-Western College Publishing.
Macroeconomics. Chapter One Introduction Macroeconomics : 1. Definition - macroeconomics is concerned with the behavior of the economy as a whole-----booms.
Section C: Part 2 Government policies to deal with the macroeconomic objectives Chapter 37: Economic policy and policy instruments.
Gross Domestic Product (GDP) and Growth Chapter 12.
Advanced Macroeconomics Lecture 1. Macroeconomic Goals and Instruments.
Copyright © 2003 by South-Western/Thomson Learning. All rights reserved. CHAPTER 24 Aggregate Demand and Aggregate Supply.
Macroeconomics CHAPTER 7 Tracking the Macroeconomy PowerPoint® Slides by Can Erbil © 2005 Worth Publishers, all rights reserved.
Introduction to the UK Economy. What are the key objectives of macroeconomic policy? Price Stability (CPI Inflation of 2%) Growth of Real GDP (National.
Unit 2 Glossary. Macroeconomics The study of issues that effect economies as a whole.
Why Study Money, Banking, and Financial Markets? chapter 1.
AP Macroeconomics In-Class Final Exam Review. Economic growth A sustained increase in real per capita GDP stimulate economic growth - Technological progress.
IB Economics SL Syllabus Content Review Section 3: Macroeconomics.
Macroeconomics Lecture 12 Revision.
In-Class Final Exam Review
AP Macroeconomics Final Exam Review.
ECO 11 Introduction to Macroeconomics
Simple Keynesian Model
Why Study Financial Markets?
Why Study Money, Banking, and Financial Markets?
ECN 200: Introduction to Economics Macroeconomic Aggregates
Figure 9.1 U.S. Real GDP and NBER Recessions
Figure 9.1 U.S. Real GDP and NBER Recessions
Why Study Money, Banking, and Financial Markets?
The Macroeconomy.
International Economics How Does the Open Macro-economy Work?
Aggregate demand and aggregate supply
Aggregate Supply & Demand Model
Presentation transcript:

Lecture 11 Macroeconomic Analysis 2003 Approaches to Macroeconomics

Lecture 12 Measurement Nominal GDP Real GDP GDP deflator GDP Index Growth rate Technological Index Review of AS-AD Framework in various Schools Exercise

Lecture 13 Nominal and Real GDP

Lecture 14 Aggregate Demand

Lecture 15

6

7 National Income Identity

Lecture 18 Supply Side of GDP

Lecture 19

10

Lecture 111

Lecture 112

Lecture 113 Macroeconomic Policy Fiscal Policy taxes expenditure debt Monetary Policy interest rate/ M-supply exchange rate/trade stock market Growth/supply side

Lecture 114 Aggregate Demand and Aggregate Supply and Prices

Lecture 115 Classical view

Lecture 116 Keynesian Economists view on Economic Policy

Lecture 117 Exercises GDP deflator Technological index Growth rate of per capita income and GDP Production function Capital share Labour share Review of – the IS-LM –AS-AD Problems 1-3

Lecture 118 Economic Growth In the UK and Ireland from Does Good Economic Policy Matter? Saving and Investment ratios Population Growth Fiscal and monetary policy Real interest rate Real Exchange Rate Inflation rates Trade Ratios

Lecture 119

Lecture 120

Lecture 121

Lecture 122

Lecture 123

Lecture 124

Lecture 125