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1 Chapter 1--The Science of Macroeconomics
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1.1 Course content arrangement and assessment method
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1.2 The issues macroeconomists study
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1.3 Some important concepts in macroeconomic analysis
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1.4 The tools macroeconomists use
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2 Chapter 2-Measuring a Nation’s Income
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2.1 What is Gross Domestic Product (GDP)?
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2.2 What are the components of GDP?
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2.3 How is GDP corrected for inflation?
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2.4 Does GDP measure society’s well-being?
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3 Chapter 3-Measuring the Cost of Living
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3.1 What is the Consumer Price Index (CPI)?
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3.2 What are the problems with the CPI?
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3.3 How can we correct variables for inflation?
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4 Chapter 4-National Income: Where it Comes from and Where It Goes
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4.1 What determines the economy’s total output/income
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4.2 How total income is distributed
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4.3 What determines the demand for goods and services
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4.4 How equilibrium in the goods market is achieved
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5 Chapter 5-Money and Inflation
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5.1 The concept, function and categories of money
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5.2 What role do banks play in the monetary system?
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5.3 The Quantity Theory of Money
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5.4 Inflation and interest rates
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6 Chapter 6-Unemployment
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6.1 The natural rate of unemployment
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6.2 Frictional unemployment
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6.3 Structural unemployment
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6.4 Duration of unemployment
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7 Chapter 7-Economic Growth I
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8 Chapter 8-Economic Growth II
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8.1 Technological progress in the Solow model
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8.2 Growth empirics: Confronting the theory with facts
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8.3 Policies to promote growth
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8.4 Endogenous growth: Two simple models in which the rate of technological progress is endogenous
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9 Chapter 9-Introduction to Economic Fluctuations
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9.1 Difference between short run & long run
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9.2 Introduction to aggregate demand
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9.3 From short run to long run (the model of aggregate supply and demand)
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10 Chapter 10-Aggregate Demand I: Building the IS-LM Model
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10.1 Introduction
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10.2 the IS curve, and its relation to the Keynesian Cross and the Loanable Funds model
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10.3 the LM curve, and its relation to the Theory of Liquidity Preference
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10.4 how the IS-LM model determines income and the interest rate in the short run when P is fixed