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Слайды и текст этой презентации

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Become familiar with the focus of macroeconomics. The Long and Short of Macroeconomics

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When you enter the job market can matter a lot

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Understanding these fluctuations

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Become familiar with the focus of macroeconomics Become familiar with the focus of macroeconomics

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Macroeconomics in the short run and in the long run

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Real gross domestic product (GDP) The value of final goods and services adjusted for changes in the price level. Long-run growth in the United States

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By 2011, the average American was able to buy approximately eight times what they would have been able to buy in 1900. The growth in real GDP per capita

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Differing levels of long-run economic growth have resulted in countries today having very different levels of GDP per capita. Some countries have experienced less long-run growth

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Lower birthrates and increases in lifespans have resulted in aging populations; this trend it projected to continue. Aging populations pose a challenge

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Labor force The sum of employed and unemployed workers in the economy. Unemployment in the United States

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Government policy and structural differences can lead to persistently higher unemployment rates across developed countries. Unemployment rates differ across developed countries

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Inflation rates have tended to peak during wartime, with the 1970s being a notable exception. Inflation rates fluctuate over time

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Different countries experience widely different inflation rates. Some countries like Ireland and Norway are experiencing mild inflation, while others face high inflation. Inflation rates vary across countries

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Economic policy can help stabilize the economy

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Economic policy can help stabilize the economy

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International factors have become more important

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International factors have become more important

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Just as markets for goods and services have become more open, so have global financial markets. The increasing importance of global financial markets

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Explain how economists approach macroeconomic questions Explain how economists approach macroeconomic questions

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Macroeconomics happens to us all

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Economists study economic problems systematically. What is the best way to analyze macroeconomic issues?

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Macroeconomic models

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Do rising imports lead to a permanent reduction in U.S. employment? Rising imports and U.S. employment

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Do rising imports lead to a permanent reduction in U.S. employment? Rising imports and U.S. employment

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Do rising imports lead to a permanent reduction in U.S. employment? Rising imports and U.S. employment

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Macroeconomic models

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Macroeconomic models

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Macroeconomic models

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Hypothesis A statement that may be either correct or incorrect. Formulating and testing hypotheses in economic models

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Formulating and testing hypotheses in economic models

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Euro zone: 17 member states of the European Union that adopted the euro as their currency. Why should the U.S. worry about the Euro crisis?

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Become familiar with key macroeconomic issues and questions Become familiar with key macroeconomic issues and questions

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Each chapter will highlight one key issue and a related key question. Key issues and questions of macroeconomics