Essentials of Macroeconomics

Beschreibung

In Macroeconomics the object is to study the performance, structure and behavior of a national or regional economy as a whole. The textbook provides a comprehensive overview of all facets from Macroeconomics.

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Inhalt

1. Prices and inflation
   1. Prices and price level
   2. Inflation
2. Exchange rate
   1. Definition
   2. Exchange rate systems
   3. Changes in the exchange rate
   4. The euro against the US dollar
   5. Effective exchange rate
3. Gross domestic product
   1. Definition
   2. Real GDP
   3. Growth
   4. Purchasing power
   5. GDP is a flow!
4. The components of GDP
   1. The circular flow – simple version
   2. The circular flow – a more detailed version
   3. Modeling a firm and the concept value added
   4. Firms in the circular flow
   5. Circular flow – circulation of goods
   6. Circular flow – circulation of money
   7. Private sector in the circular flow
   8. The Government, Rest of the World and the financial markets
   9. Components of GDP
   10. Four different measures of GDP
   11. Capital
   12. Investment
   13. Components of GDP in numbers 200x
5. The Labor Market
   1. Introduction
   2. Uneployment classification
   3. Full employmen
   4. Wages
6. Money and banks
   1. Money
   2. Central banks
   3. Commercial banks
7. Interest rate
   1. Introduction
   2. Market interest rates
   3. Overnight interest rates
   4. Monetary policy
   5. The real interest rate
8. Macroeconomic models
   1. Introduction
   2. Common assumptions
   3. The macroeconomic variables
   4. About the various models
9. Growth theory
   1. Introduction
   2. The aggregate production function
   3. Growth Theories
   4. Endogenous growth theory
   5. Separation of growth and fluctuation
10. The classical model
    1. Introduction
    2. Labor Market
    3. GDP, and Say’s Law
    4. The price level and the quantity theory of money
    5. Interest rate, consumption and investment
    6. Determination of all the variables in the classical model
11. Keynesian cross model
    1. Introduction
    2. Aggregate demand
    3. Determination of GDP in the cross model
    4. Labor market
12. IS-LM-model
    1. Introduction
    2. Aggregate demand
    3. The money market
    4. IS-LM diagram
    5. The Labor Market
13. The AS-AD-model
    1. Introduction
    2. The assumptions of the AS-AD model
    3. The goods and the money market in the AS-AD model
    4. The money market
    5. Aggregate supply
    6. Determination of all the endogenous variables in the AS-AD model
14. The complete Keynesian model
    1. Introduction
    2. Adjustments to the Keynesian models when wages are no longer constant
    3. The IS-LM model with inflation
    4. The AS-AD model with inflation
    5. The Phillips curve
15. The neo-classical synthesis
    1. Introduction
    2. The various Phillips curves
    3. From short to long run
    4. SAS-LAS-AD model of the neo-classical synthesis
16. Exchange rate determination and the Mundell-Fleming model
    1. Introduction
    2. The classical model of exchange rate determination
    3. The exchange rate
    4. Mundell-Fleming model