ECON1002 Introductory Macroeconomics HD Notes

Description

Notes cover content for entire semester Topics covered: * Introduction to macroeconomics * Measuring macroeconomic performance: output, the price level, savings, investment and wealth, wages, employment and the labour market * An introduction to short-term economic fluctuations * Macroeconomics in the short-run: the basic Keynesian model * Fiscal policy * Money, prices and the Reserve Bank, monetary policy and the economy * Aggregate demand and aggregate supply * Macroeconomic policy * The introduction to economic growth * The production function approach to growth * Savings, capital formation and growth * The convergence hypothesis and empirical evidence * Exchange rates and the open economy * Exchange rates and the equilibrium fixed exchange rates * The balance of payments * Some global macroeconomic issues Includes lecture notes, readings and the textbook