The lectures will very closely follow my lecture notes. Notes that follow the ib syllabus on macroeconomics. A regional or social variety of a language distinguished by pronunciation, grammar, or vocabulary, especially a variety of speech differing from the standard literary language or speech pattern of the culture in which it exists. Why is average income high in some countries and low in others. Important connections between human capital and economic growth, especially related to its e ect on technological progress, will be discussed later. Cbse class 12 economics notes free pdf download ncert.
Macroeconomics greek makro big describes and explains economic processes that concern aggregates. An aggregate is a multitude of economic subjects that share some common features. Review notes introduction to macroeconomics what is macroeconomics. Economics lecture notes, economics tuition singapore. You can find almost all the books for downloading as pdf at and the main advantage of this site is pdf drive is your search engine for pdf files. Basic definitions gdp inflation rate unemployment rate trade and budget deficits. Given that ni probability that for any particular good country i is the least cost supplier in n, then conditional distribution of the price charged. Driscoll brown university and nber1 december 21, 2003. Lecture notes in macroeconomics university of houston. Where can i find a free pdf of sandeep gargs indian. These lecture notes were prepared by xingze wang, yinghsuan lin, and frederick jao specifically for mit opencourseware. This is not based on the mcconnell, brue, and flynn edition. We also recommend you work through some of the as macro revision videos on the entry below. Jan 25, 2017 bbs 2nd year business economics ii macroeconomics notes.
The term microeconomics and macroeconomics were first given by ragner frisch in 1933. It includes agricultural production mineral production, industrial production and the production of the numerous services. The emphasis is on theory, although data guides the theoretical explorations. The explanations of economic theories and concepts in the lecture notes are kept concise by. Yale university november 26, 2010 1 introduction so far, we have focused on a complete market benchmark and studied its success and failure to match the data in several dimensions business cycles, asset pricing and. 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. Governments rarely want high unemployment as it is a waste of resources. Bbs 2nd year business economics ii macroeconomics notes.
Because historical episodes allow diverse interpretations, many conclusions of macroeconomics are not coercive. A level economics year 2 macroeconomics study notes tutor2u. 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. 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. Therefore a consumer has to maximize hisher satisfaction while not spending more than heshe has, i. From a general summary to chapter summaries to explanations of famous quotes, the sparknotes measuring the economy 1 study guide has everything you need to ace quizzes, tests, and essays. Below is a topicbytopic listing of the available study notes for the macroeconomics topics for year 1 as a level economics here on tutor2u. 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. It is net national product nnp at factor cost fc it does not include taxes, depreciation and nonfactor inputs raw materials. Class notes intermediate macroeconomics li gan lecture 5. The subtopics for each lecture are related to the chapters in the textbook. Macroeconomics notes a necessary skill for money management yiqiao yin 1 1graduate student at simon business school during 2015 to 2016. Macroeconomics became popular after great depression of 1929 33. The nations unemployment rate, inflation rates, interest rates, federal government budgets and government fiscal policies, economic growth, the federal reserve system.
Lecture notes macroeconomics econ 510a, fall 2010, yale university limited commitment. Omer ozak smu economic growth macroeconomics ii 2 81. Weve made the notes available for helping the students prepare for their examinations in an effective way. Competitive equilibrium 27 capitallabor ratio which maximizes the steady state quantity of resources, from 2. Introduction to macroeconomics lecture notes robert m. Notes for cbse class 12 economics free pdf download. 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. We build entirely on models with microfoundations, i. Notes for macroeconomics ii, ec 607 university of michigan. 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 mit macroeconomics pdf. References in the notes refer to articles given on the reading list. 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. Textbook notes this is a supplement or a study tool to be used during the semester of ap macroeconomics.
Mar 10, 2020 comprehensive revision notes and model essays on macroeconomics. Comprehensive revision notes and model essays on macroeconomics. Download the education resources of bbs 2 nd year business economics ii macroeconomics from our collection. This is a collection of lecture notes that i have used over a number of years teaching advanced. Human capital and economic growth macroeconomics ii econ6395. Lecture notes principles of microeconomics economics. Keynes is known as father of modern macroeconomics. We are interested to find the best choice for a consumer that has a limited. Online text and notes in principles of macroeconomics the. Why do prices rise rapidly in some periods and remain stable in others.
This section provides the schedule of lecture topics along with lecture notes for each topic. It is thus not necessary to read all or even most of the articles on the list. Keynes wrote the book general theory of employment, interest and money in 1936. Find materials for this course in the pages linked along the left. We will study investment activity in more detail later. See the appendix for an explanation of the notation for calculus, and note how we. Economics lecture 3 class notes national income total value of final goods and services produced by the normal residents during an accounting year, after adjusting depreciation. A read is counted each time someone views a publication summary such as the title, abstract, and list of authors, clicks on a figure, or views or downloads the fulltext. Microeconomics and macroeconomics lecture notes by sam vaknin. With few exceptions, the articles are also summarized in romer or blanchard and fischer. Over 500 practice questions to further help you brush up on algebra i. Romer, which should be familiar and blanchard and fischer. Here is a topicbytopic listing of the available study notes for the macroeconomics topics for year 2 a level economics here on tutor2u.
The prefix macro means large, indicating that macroeconomics is concerned with the study of the market system on a large scale. Reducing unemployment and inflation are two of the key macroeconomic objectives of any government. In macroeconomics, if we can successfully explain particular phenomena e. This document is highly rated by commerce students and has been viewed 33530 times.
The lecture notes combine the approaches of and adapt materials in both books. Economics 14 class notes spring 2005 introduction scarcity and choice. Macroeconomics 1880 1900 1920 1940 1960 1980 2000 matthiasdoepke universityofchicago andreaslehnert boardofgovernorsofthe federalreservesystem andreww. The lecture notes combine the approaches of and adapt materials in both.
Keynesian economics, both of which will eventually be in the bookstore. They have been written by the principal economics tutor, mr. 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. Growth, inflation, balance of payments, unemployment, fiscal policy, monetary policy. Edmund quek, for everyone who can benefit from them. Macroeconomics notes 1 macro economics national income def. Gross domestic product inflation unemployment use of the scientific method. Chapter1 simplerepresentativeagent models thischapterdealswiththemostsimplekindofmacroeconomicmodel, whichabstractsfromallissuesofheterogeneityanddistributionamong. Definition, measurement problems and estimate with diagram. Jan 15, 2020 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.
Lecture notes principles of macroeconomics economics. The lecture notes shown below are from the one of the discussion sections for the course. Introduction and background macroeconomics ii econ6395. 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. The overriding goal of the course is to begin provide methodological tools for advanced research in macroeconomics. Lecture notes in macroeconomics the department of economics.