Macroeconomics Study Guides
Principles of Macroeconomics Lecture Notes
Read both sets of lecture notes. Use these notes as a review of the material covered in Unit 1 and Unit 2 in preparation for Unit 3.
"Introduction to Macro Data" covers:
- Gross Domestic Product (GDP)
- What is Gross Domestic Product and how we measure it? Why is this measure important?
- What are the definitions of the major expenditure components?
- What are the trends in these components over time?
- Inflation
- What is the difference between 'Real' and 'Nominal' variables?
- How is inflation measured?
- Interest Rate
- How is inflation measured?
- Why do we care about Inflation?
- Unemployment
- How is Unemployment measured?
- Why do we care about Unemployment?
"Supply Side of the Macro Economy" covers:
- Production Function
- Labor Market
- Labor Demand
- Labor Supply
- Equilibrium Wages and Employment
Source: Veronica Guirrieri, https://learn.saylor.org/pluginfile.php/31405/mod_folder/content/0/ECON102%20-%20Intro%20to%20Macro%20Data%20by%20Veronica%20Guerrieri.pdf?forcedownload=1
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