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1) Macro Measurement Variables
1) Macro Measurement Variables
Introduction
September 9, 2015
Muhammad Irwan Ariffin ECON 2310 Intermediate Macroeconomics I September 9, 2015 1/7
Outline
1 Introduction
Muhammad Irwan Ariffin ECON 2310 Intermediate Macroeconomics I September 9, 2015 2/7
Introduction
Introduction
Definition and Key Variables
Macroeconomics is...
The study of the behavior of the economy as a whole
The key variables studies in macroeconomics:
1 Total output level in the economy
2 Aggregate price level
3 (Un)Employment level
4 Interest rates level
5 Wage rates level
6 Foreign exchage rates level
Muhammad Irwan Ariffin ECON 2310 Intermediate Macroeconomics I September 9, 2015 3/7
Introduction
Introduction
Macroeconomics
Muhammad Irwan Ariffin ECON 2310 Intermediate Macroeconomics I September 9, 2015 4/7
Introduction
Introduction
Muhammad Irwan Ariffin ECON 2310 Intermediate Macroeconomics I September 9, 2015 5/7
Measurement of Macroeconomic Variables The National Income Accounts
Muhammad Irwan Ariffin ECON 2310 Intermediate Macroeconomics I September 9, 2015 6/7
Measurement of Macroeconomic Variables Measuring Changes
Measuring Changes
Muhammad Irwan Ariffin ECON 2310 Intermediate Macroeconomics I September 9, 2015 7/7