In Macroeconomics the object is to study the performance, structure and behavior of a national or regional economy as a whole.

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Content

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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- Prices and inflation
- Prices and price level
- Inflation

- Exchange rate
- Definition
- Exchange rate systems
- Changes in the exchange rate
- The euro against the US dollar
- Effective exchange rate

- Gross domestic product
- Definition
- Real GDP
- Growth
- Purchasing power
- GDP is a flow!

- The components of GDP
- The circular flow – simple version
- The circular flow – a more detailed version
- Modeling a firm and the concept value added
- Firms in the circular flow
- Circular flow – circulation of goods
- Circular flow – circulation of money
- Private sector in the circular flow
- The Government, Rest of the World and the financial markets
- Components of GDP
- Four different measures of GDP
- Capital
- Investment
- Components of GDP in numbers 200x

- The Labor Market
- Introduction
- Uneployment classification
- Full employmen
- Wages

- Money and banks
- Money
- Central banks
- Commercial banks

- Interest rate
- Introduction
- Market interest rates
- Overnight interest rates
- Monetary policy
- The real interest rate

- Macroeconomic models
- Introduction
- Common assumptions
- The macroeconomic variables
- About the various models

- Growth theory
- Introduction
- The aggregate production function
- Growth Theories
- Endogenous growth theory
- Separation of growth and fluctuation

- The classical model
- Introduction
- Labor Market
- GDP, and Say’s Law
- The price level and the quantity theory of money
- Interest rate, consumption and investment
- Determination of all the variables in the classical model

- Keynesian cross model
- Introduction
- Aggregate demand
- Determination of GDP in the cross model
- Labor market

- IS-LM-model
- Introduction
- Aggregate demand
- The money market
- IS-LM diagram
- The Labor Market

- The AS-AD-model
- Introduction
- The assumptions of the AS-AD model
- The goods and the money market in the AS-AD model
- The money market
- Aggregate supply
- Determination of all the endogenous variables in the AS-AD model

- The complete Keynesian model
- Introduction
- Adjustments to the Keynesian models when wages are no longer constant
- The IS-LM model with inflation
- The AS-AD model with inflation
- The Phillips curve

- The neo-classical synthesis
- Introduction
- The various Phillips curves
- From short to long run
- SAS-LAS-AD model of the neo-classical synthesis

- Exchange rate determination and the Mundell-Fleming model
- Introduction
- The classical model of exchange rate determination
- The exchange rate
- Mundell-Fleming model