Science & Economics
Macroeconomics
Topics covered in a traditional college level introductory macroeconomics course
Community Questions
11
GDP - measuring national income
Circular flow of income and expenditure. Gross domestic product.
15
Inflation - measuring the cost of living
Inflation and deflation. CPI-U. Real and nominal return. Phillips Curve.
12
Aggregate demand and aggregate supply
Aggregate demand and aggregate supply. Keynesian thinking. Demand-pull and cost-push inflation. Fiscal and monetary policy.
8
The monetary system
Fractional reserve banking and the money supply.
13
Income and expenditure - Keynesian cross and IS-LM model
Consumption function. Marginal propensity to consume and multiplier. Keynesian Cross and IS-LM model.
8
Foreign exchange and trade
Balance of payments. Current account. Capital account. Currency reserves and speculative attacks.