Description

Comprehensive notes based on the material from all 13weeks of lectures, tutorials, and textbook readings.

Topics include:
ISSUES IN MACROECONOMICS
-Economic output (GDP)
-Economic prices (CPI)
-Savings, investment and wealth
-The labour market
-Employment and unemployment

SHORT RUN MACROECONOMICS: THE ANALYSIS OF THE BUSINESS CYCLE
-Contractions and expansions
-Potential output and the output gap
-The basic Keynsian model
-Short run equilibrium output
-The income-expenditure multiplier
-Fiscal policy
-Monetary policy, the RBA and the economy

MEDIUM TERM MACROECONOMICS
-Aggregate demand and aggregate supply

LONG RUN MACROECONOMICS: THE ANALYSIS OF ECONOMIC GROWTH
-Economic growth and the production function
-Steady state economy

THE OPEN ECONOMY
-Exchange rates
-Balance of payments

Diagrams, equations and key concepts are included for all topics.

These notes helped me do well and so would highly recommend them!!


USYD

Semester 2, 2017


53 pages

20,277 words

$29.00

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Author

Natasha

Campus

USYD, Camperdown/Darlington

Member since

March 2017