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Macroeconomics Study Guides

Principles of Macroeconomics Lecture Notes

Introduction to Macro Data

Goals and Outline of Topic 1

  1. 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?

  2. Inflation
    - What is the difference between 'Real' and 'Nominal' variables?
    - How is inflation measured?

  3. Interest Rate
    - How is inflation measured?
    - Why do we care about Inflation?

  4. Unemployment
    - How is Unemployment measured?
    - Why do we care about Unemployment?