Lecture Macroeconomics

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  • Lecture Macroeconomics - Lecture 21: Consumption - I. This chapter presents the following content: John Maynard Keynes: consumption and current income; Irving Fisher and Intertemporal Choice; deriving the intertemporal budget constraint;...

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  • Lecture Macroeconomics - Lecture 22: Consumption - II. This chapter presents the following content: Franco Modigliani: the Life-Cycle Hypothesis; Milton Friedman: the Permanent Income Hypothesis; Robert Hall: the Random-Walk Hypothesis; David Laibson: the pull of instant gratification;...

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  • Chapter 1 - The nature and method of economics. In this chapter you will learn: The definition of economics, about the economic way of thinking, how economists construct theories, the distinction between microeconomics and macroeconomics, the pitfalls to objective thinking.

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  • Chapter 15 - Long run macroeconomic adjustments. After studying this chapter you will be able to understand: To apply the long-run AD-AS model, about the inflation-unemployment relationship, about the effects of taxation on aggregate supply.

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  • Chapter 12 - The financial sector and the economy. After reading this chapter, you should be able to: Discuss the functions and measures of money, define banks and explain how they create money, explain why the financial sector is so important to macroeconomic debates, explain the role of interest rates in an economy.

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  • Chapter 22 - Macro policy in developing countries. After reading this chapter, you should be able to: State some comparative statistics on rich and poor countries, differentiate growth from development and explain how those differences affect macroeconomic policy, explain the particular problems of monetary policy in a developing country context, list seven obstacles facing developing countries.

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  • After reading this chapter, you should be able to: Define economics and the features of the economic perspective, describe the role of economic theory in economics, distinguish microeconomics from macroeconomics and positive economics from normative economics, list the categories of scarce resources and delineate the nature of the economizing problem.

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  • After reading this chapter, you should be able to: Interpret how macroeconomics studies both long-run economic growth and short-run fluctuations in output and unemployment; explain why economists focus on GDP, inflation, and unemployment when assessing the health of an entire economy; discuss why sustained increases in living standards are a historically recent phenomenon; identify why saving and investment are key factors in promoting rising living standards.

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  • After reading this chapter, you should be able to: Describe alternative perspectives on the causes of macroeconomic instability, including the views of mainstream economists, monetarists, real-business-cycle advocates, and proponents of coordination failures; Explain what the equation of exchange is and how it relates to "monetarism"; discuss why new classical economists believe the economy will "self-correct" from aggregate demand and aggregate supply shocks.

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  • Lecture 6 - Economic Growth 1(A). After completing this unit, you should be able to: Learn the closed economy Solow model, see how a country’s standard of living depends on its saving and population growth rates.

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  • Lecture 1 - The science of macroeconomics. The main contents of the chapter consist of the following: The issues macroeconomists study, the tools macroeconomists use, some important concepts in macroeconomic analysis.

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  • Lecture 6 - Economic Growth – 1(B). The main contents of the chapter consist of the following: An increase in the saving rate leads to higher output in the long run, faster growth temporarily, but not faster steady state growth.

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  • Lecture 2: The data of macroeconomics - GDP, unemployment & inflation - I. These are three of the most important economic statistics. Policymakers and businesspersons use them to monitor the economy and formulate appropriate policies. Economists use them to develop and test theories about how the economy works. Because we’ll be learning many of these theories, it’s worth spending some time now to really understand what these statistics mean, and how they are measured.

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  • Lecture 9 - Unemployment. The main contents of the chapter consist of the following: Natural rate of unemployment, why is there unemployment? job search, wage rigidity.

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  • Lecture 3 - The data of Macroeconomics - GDP, unemployment & inflation - II. The main contents of the chapter consist of the following: Shortcomings of GDP, the consumer price index (CPI), the unemployment rate.

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  • Lecture 4 - National Income: Where it Comes From and Where it Goes - I. This is a particularly important chapter for your students to master. Many subsequent chapters in this book develop models that incorporate the material in this chapter and build on it. Your students should know at the outset that the time they invest mastering this chapter will yield returns throughout the semester by making subsequent material much easier to learn.

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  • Lecture 30 - Agriculture. The main contents of the chapter consist of the following: Agriculture sector, agricultural policies, two leading successes of Pakistani Agriculture, recent performance, salient features, series of major problems,...

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  • Lecture 5 - National income: Where it comes from and where it goes - II. The main contents of the chapter consist of the following: Consider why an economy’s total income equals its total expenditure, learn how gross domestic product (GDP) is defined and calculated, see the breakdown of GDP into its four major components, learn the distinction between real GDP and nominal GDP, consider whether GDP is a good measure of economic well-being.

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  • Lecture 31 - Balance of payments. The main contents of the chapter consist of the following: Composition of BOP, Pakistan’s BOP, causes of BOP imbalance, some theoretical aspects, policy options.

    ppt20p tieu_vu20 24-09-2018 3 0   Download

  • Lecture 8 - Economic growth – II. After studying this lecture you will be able to understand: Key results from Solow model with tech progress, ways to increase the saving rate, productivity slowdown & “new economy”, empirical studies, endogenous growth theory.

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