School of economics and finance the university of hong kong. Introduction to macroeconomics lecture notes robert m. Welcome to the study of the aggregate economy this is macroeconomics and here are some interesting objectivesquestions. The lower half of the page contains all the a level economics revision notes. You can also see the full list of economics revision notes. The texts flexible organization emphasizes an integrated view of macroeconomics, while enabling professors to focus on the theories, models, and applications that they deem central to their particular course. Factors that affect equilibrium income and the interest rate monetary influences. The main aims of macroeconomics have to do with i economic growth and ii cycles, as measured by various statistical representations of the variables that describe the economy economic growth. Comprehensive revision notes and model essays on macroeconomics. Cbse class 12 economics notes free pdf download ncert.
National income of a country means the sum total of incomes earned by the citizens of that country during a given period, say a year. Here is a topicbytopic listing of the available study notes for the macroeconomics topics for year 2 a level economics here on tutor2u. Lecture notes in macroeconomics the department of economics. The overriding goal of the course is to begin provide methodological tools for advanced research in macroeconomics. Course hero has thousands of macroeconomics study resources to help you. With more than 2,000 courses available, ocw is delivering on the promise of open sharing of knowledge. Driscoll brown university and nber1 december 21, 2003. It could also be used by graduate students seeking a refresher in advanced undergraduate macroeconomics. Macroeconomics 1880 1900 1920 1940 1960 1980 2000 matthiasdoepke universityofchicago andreaslehnert boardofgovernorsofthe federalreservesystem andreww. Bbs 2nd year business economics ii macroeconomics notes. Thestudy oftheeconomyasawhole including topics such as inflation, unemployment and economic growth also include policy issues, such as is the government able to reduce the severity of. Microeconomics and macroeconomics lecture notes by sam vaknin.
The lectures will very closely follow my lecture notes. Lecture notes in macroeconomics university of houston. Macroeconomics, sixth edition is organized around two central parts. In macroeconomics, the term investment is reserved for purchases by firms of capital machines, buildings, etc and purchases by households of some durable goods such as housing. Intermediate macroeconomics page 1 of 12 lecture notes chapter 7. Growth, inflation, balance of payments, unemployment, fiscal policy, monetary policy. Note that growth accounting is not the study of economic growth we will return to consider the topic of economic growth at the end of the course. It includes agricultural production mineral production, industrial production and the production of the numerous services. Lecture notes principles of microeconomics economics. Below is a topicbytopic listing of the available study notes for the macroeconomics topics for year 1 as a level economics here on tutor2u. This section of economics predominantly lends itself to paper 1, where we have to answer a two part essay question purely on macroeconomics plus another one on micro. If we observed y t c t, then assets would grow at a rate greater than rand so this would generally also be higher than the growth rate of gdp. Notes for cbse class 12 economics free pdf download.
The prefix macro means large, indicating that macroeconomics is concerned with the study of the market system on a large scale. The difference between macroeconomics and microeconomics macroeconomics includes those concepts that deal with the entire economy or large components of the economy or the world. Online text and notes in principles of macroeconomics. Macroeconomics greek makro big describes and explains economic processes that concern aggregates. Introduction to macroeconomics lecture notes download book. Online text and notes in advanced macroeconomics the. Notes, sem 1, du economics notes edurev is made by best teachers of economics. Macroeconomics notes a necessary skill for money management yiqiao yin 1 1graduate student at simon business school during 2015 to 2016. Gross domestic product first thing we look at its rate of growth aggregate output. University college dublin, advanced macroeconomics notes, 2020 karl whelan page 4 rate of gdp. This book represents a substantial makeover and extension of the course notes for intermediate macroeconomics which have been provided publicly on eric simss personalwebsitefor several years. The lecture notes combine the approaches of and adapt materials in both books. This introductory course to advanced macroeconomics along with econometrics and advanced microeconomics forms the core trinity of compulsory disciplines that provide a theoretical background for the masters program in economics at the hse faculty of economics.
We provide cbse class 12 economics chapter wise notes pdf download, which helps you to study the notes offline. The nations unemployment rate, inflation rates, interest rates, federal government budgets and government fiscal policies, economic growth, the federal reserve system. Join s of fellow economics teachers and students all getting the tutor2u economics teams latest resources and support delivered fresh in their inbox every morning. With few exceptions, the articles are also summarized in romer or blanchard and fischer. I besides the lectures, there will be 6 tutorials i september 15, september 29, october, november 10, november 17, december 1. This section provides the schedule of lecture topics along with lecture notes for each topic. This document is highly rated by commerce students and has been viewed 33530 times. Chapter1 simplerepresentativeagent models thischapterdealswiththemostsimplekindofmacroeconomicmodel, whichabstractsfromallissuesofheterogeneityanddistributionamong. Keynes is known as father of modern macroeconomics. Lecture notes principles of macroeconomics economics.
The categories below have split the revision notes into topics. Understanding and forecasting shortunderstanding and forecasting shortrun fluctuations therun fluctuations the business cyclebusiness cycle. Aspirants who are new to these exams can use these economy notes to get their basics cleared, more experienced students can use this study. Intermediate macroeconomics lecture 1 introduction to economic growth. Intermediate macroeconomics lecture 1 introduction to. This manuscript is a rough and unfinished set of lecture notes about macroeconomics. Macroeconomics became popular after great depression of 1929 33. Macroeconomics, system of national accounts, variants of gdp, the goods market, financial markets, demand for money and bonds, equilibrium in the money market, price of bonds and interest rate, the islm model, the labor market, the three markets jointly. University college dublin, advanced macroeconomics notes. National income accounting is a branch of macroeconomics that captures the total flows of income as well as of goods and services within a certain period. Economics holds special importance in civil services exam be it upsc, rpsc or other state psc exams. Theory a chemistry class 11 periodic classification notes ncert based notes students notes on how to prepare group accounts, notes, pdf american pageant 12th edition notes course notes notes and notes for mrcp 2nd edition pdf mathematics notes form 3 notes notes and notes for mrcp macroeconomics pdf macroeconomics mit. Mar 24, 2020 macroeconomics principle of economics.
Seven lecture notes from a graduate course archived from spring 2002 are. Class notes intermediate macroeconomics li gan lecture 5. This is a collection of lecture notes that i have used over a number of years teaching advanced. This is an open online course, including text, interactive graphs, assignments and discussion topics, video clips, and interactive questions, based on the openstax principles of economics textbook and refined after testing in some us universities and community colleges in 2017. Competitive equilibrium 27 capitallabor ratio which maximizes the steady state quantity of resources, from 2. Lecture notes for macroeconomics i, 2004 per krusell please do not distribute without permission. An aggregate is a multitude of economic subjects that share some common features. Economy question specially related to indian economy are asked in prelims, mains as well as in interviews. Macroeconomics notes 1 macro economics national income def. Chapter 1 introduction these lecture notes cover a onesemester course.
A level economics year 2 macroeconomics study notes tutor2u. Governments rarely want high unemployment as it is a waste of resources. Macroeconomics considers the aggregate performance of all markets in the market system and is concerned with the choices made by the large subsectors of the economythe household sector, which includes all consumers. National income accounting y a variety of measures of national income and output are used in economics to estimate total economic activity in a country or region. It supports a series of seminars on planning and development as organised by pranab bardhan of university of california, berkeley, in 2004. References in the notes refer to articles given on the reading list. The best economics as and a level notes, revision guides, tips and websites compiled from all around the world at one place for your ease so you can prepare for your tests and examinations with the satisfaction that you have the best resources available to you. Reducing unemployment and inflation are two of the key macroeconomic objectives of any government.
Students considering macroeconomics as a field are strongly. The lecture notes combine the approaches of and adapt materials in both. The subtopics for each lecture are related to the chapters in the textbook. The lecture notes shown below are from the one of the discussion sections for the course. Basic definitions gdp inflation rate unemployment rate trade and budget deficits. It uses media from around the web, including some economics educators youtube channels. Keynes wrote the book general theory of employment, interest and money in 1936. Macroeconomics lecture notes l2 measuring macroeconomic variables.
We also recommend you work through some of the as macro revision videos on the entry below. Weve made the notes available for helping the students prepare for their examinations in an effective way. The term microeconomics and macroeconomics were first given by ragner frisch in 1933. Introduction to macroeconomics cheng chen school of economics and finance the university of hong kong cheng chen hku econ21022220. Macroeconomics class 12 pdf is a great way of saving time and effort. Paper 2 involves data response questions focussing on international trade and development economics, but a good foundation on macro is needed as well. Find macroeconomics course notes, answered questions, and macroeconomics tutors 247. These lecture notes were prepared by xingze wang, yinghsuan lin, and frederick jao specifically for mit opencourseware. I lecture notes will become available weekly on my website. Ch 23 measuring a nations income introduction microeconomics studies how households and firms make decisions and how they interact in markets. Aggregate demand the total demand for a countrys goods and services at a given price level. Download the education resources of bbs 2 nd year business economics ii macroeconomics from our collection. Definition, measurement problems and estimate with diagram. Students can ask their queries about macroeconomics notes class 12 or any other.
We will study investment activity in more detail later. This document is highly rated by economics students and has been viewed 7205 times. Romer, which should be familiar and blanchard and fischer. This course web page is a syllabus with embedded links to readings in. Mit opencourseware makes the materials used in the teaching of almost all of mits subjects available on the web, free of charge.
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