Request pdf lecture notes on macroeconomics these are lecture notes for a firstyear graduate course on macroeconomics i taught at brown university from 1995 to 2002. Before proceeding, a further note about the technology a is in order. The economic approach, consumer theory basics, homothetic and quasilinear utility functions, the traditional approach to consumer theory, producer theory, choice under uncertainty, competitive markets and partial equilibrium analysis, externalities and public goods, monopoly. The book of advanced microeconomic theory is based on my lecture notes that i have used for more than twenty years.
Lecture notes principles of macroeconomics economics mit. The goals of macroeconomic policy macroeconomic policy o monetary policy. Lecture notes in macroeconomics the department of economics. Because historical episodes allow diverse interpretations, many conclusions of macroeconomics are not coercive. Lecture notes principles of macroeconomics economics. The most important omission is the fact that these notes do not cover dynamic macroeconomic models in any detail. The govt has given the mpc an inflation target of cpi. Cyclical unemployment refers to the additional unemployment that occurs during.
The lecture notes combine the approaches of and adapt materials in both books. The following textbooks are also helpful but not required. Apr 03, 2012 both courses and textbooksdivided into a microeconomic and a macroeconomic half. The second part of the course notes goes over some important macroeconomic topics. Acemoglu, introduction to modern economic growth, princeton university press, 2009. L2, measuring macroeconomic variables, this resource may not. Notes to the introduction to economics macroeconomic part by beggs book university. The overriding goal of the course is to begin provide methodological tools for advanced research in macroeconomics. This note uses the tools of macroeconomics to study various macroeconomic policy problems indepth. Contents chapter 1 basic relationships and balance of payments accounting 1 chapter 2 dependent economy models 4 1. It uses media from around the web, including some economics educators youtube channels. The problems range from economic growth in the long run, to government finances in the intermediate run, and economic stability in the short run. Gross domestic product measuring a nations income 0 august 28, 2014 prof. The lecture notes combine the approaches of and adapt materials in both.
The transmission of monetary policy, 24 january lecture 4. These texts include, but are certainly not limited to,mankiw2016,williamson. This course on macroeconomic policy and models has not been given before and may well be considered as an experiment. This section provides the schedule of lecture topics along with lecture notes for each topic. We use cookies to offer you a better experience, personalize content, tailor advertising, provide social media features, and better understand the use of our services. Consumers satisfaction there are two sides in a market for a good demand supply created by consumers created by firms. Department of economic and social affairs desa commissioned a series of notes for policymakers and policyshapers both in the government and civil society, in major and interconnected areas relevant to the formulation of national development strategies. Use taxes or spending to stimulate or slow the economy. Chapter 1 introduction these lecture notes cover a onesemester course. Please note, that materials from the imf technical assistance ta missions are not publicly available. The nations unemployment rate, inflation rates, interest rates, federal government budgets and government fiscal policies, economic growth, the federal reserve system.
The difference between macroeconomics and microeconomics macroeconomics includes those concepts that deal with the entire economy or large components of. References in the notes refer to articles given on the reading list. Introduction to macroeconomics macroeconomics lecture. We have added a third run to the mix, which we call the \medium run. Lecture notes macroeconomic theory i economics mit. May, 20 intermediate macroeconomicschapter 1 lecture 1 introduction and course overview this video is one of a series of lectures created by dr. This is a collection of lecture notes that i have used over a number of years teaching advanced. The lecture notes are meant to be read along with the textbook. The emphasis is on theory, although data guides the theoretical explorations. An aggregate is a multitude of economic subjects that share some common features.
The chinese version of the book was already published in 2016. We build entirely on models with microfoundations, i. The lecture notes are in no way intended as a substitute for the textbook. Discuss whether the primary macroeconomic target of the govt should be low inflation. Lecture notes for macroeconomics i, 2004 per krusell please do not distribute without permission. Measuring a nations income 2 rich and poor spend the next several lectures looking at the variation in income production across time and across countries our study will be based on economic observables rather than, for instance, culture. This requires a coordination between the federal government, states, and all levels of governments that manage a budget. 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. This is the main di erence between the solow model and the neoclassical growth model. The natural rate of unemployment is the rate of unemployment that the economy experiences even during normal times, that is, even when the economy is not in a recession. Mar 10, 2020 comprehensive revision notes and model essays on macroeconomics. Macroeconomic theory dirk krueger1 department of economics university of pennsylvania january 26, 2012 1i am grateful to my teachers in minnesota, v. Pdf on jan 1, 2004, sumru altug and others published lecture notes on macroeconomics find, read and cite all the research you need on researchgate.
Metropolitan state university of denver intermediate macroeconomics page 1 of 7 lecture notes chapter 18. Romer, which should be familiar and blanchard and fischer. The book is available in the major bookstores in singapore. I have added almost double the content of this notes into the book. Online text and notes in principles of macroeconomics. These are all things that we hope you will learn, questions that you hope, when you. Macroeconomic stability relies on the consolidated budget. These notes are for use with pacroeconoics, canadian edition.
Introduction to macroeconomics lecture notes download book. We on the econ 1 teaching staff all hope that you will be able to. V chari, timothy kehoe and edward prescott, my excolleagues at stanford, robert hall, beatrix paal and tom sargent, my colleagues at upenn hal cole, jeremy greenwood, randy wright and. Introduction to macroeconomics lecture notes robert m. Macroeconomics 1880 1900 1920 1940 1960 1980 2000 matthiasdoepke universityofchicago andreaslehnert boardofgovernorsofthe federalreservesystem andreww. This is similar to the approach inblanchard2017, although we reverse ordering relative to blanchard, studying the long run rst, then the medium run, then the. Below is a topicbytopic listing of the available study notes for the macroeconomics topics for year 1 as a level economics here on tutor2u. With few exceptions, the articles are also summarized in romer or blanchard and fischer. An overview, published by the imf in 1979 under the authorship of poul hostmadsen. There are many ne textbooks for macroeconomics at the intermediate level currently available. Macroeconomic stabilization policies, 10 january lecture 2.
This section includes detailed lecture material used in this course. Thus, these notes are not a substitute for a textbooklecture i. It is thus not necessary to read all or even most of the articles on the list. Omer ozak solow model macroeconomic theory ii 5 142. Some words about the intensions underlying the course. Political economy lecture notes pdf 569p this note. Students can refer to economics a singapore perspective for the diagrams. Theory a chemistry class 11 periodic classification notes ncert based notes american pageant 12th edition notes course notes students notes on how to prepare group accounts, notes, pdf mathematics notes form 3 notes notes and notes for mrcp 2nd edition pdf notes and notes for mrcp macroeconomics mit macroeconomics pdf. We also recommend you work through some of the as macro revision videos on the entry below. Lecture notes in macroeconomics university of houston. Online text and notes in principles of macroeconomics the. Introduction to macroeconomic theory ii spring, 2019. See the appendix for an explanation of the notation for calculus, and note how we had.
Lecture notes and slides are the main material for the class. Introduction to macroeconomics notes ec1002 london studocu. V chari, timothy kehoe and ed ward prescott, my excolleagues at stanford, robert hall, beatrix paal and tom. The central problem of economics will be taught in economics tuition in the first week of term 1. These are some selected presentations, notes, lecture notes, or software code based on past seminars and workshops given in the past. Some parts of the lecture notes are alternative presentations of stu. Dependent economy model with sectorspecific capital 4 2. The lectures will very closely follow my lecture notes. Week 1 0403 lecture notes what economics is all about. Notes on international macroeconomics and finance qin lei georgetown university economics department january 1999. Lecture notes econ4630, spring 2006 universitetet i oslo. Cowell sticerd and department of economics london school of economics december 2004. Manuals and guidelines on statistical frameworks are available for the four main areas of macroeconomic statistics, but the reader can easily be.
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. Later we will expand our analysis to include them, but without changing this basic result that for the economy as a whole. Pdf macroeconomic theory lecture notes contents jessie. Microeconomists use the theory of supply and demand to understand. We focus on whether policy should consist of adherence to simple, but. Intermediate macroeconomicschapter 1 lecture 1 introduction and course overview this video is one of a series of lectures created by dr. Ch 23 measuring a nations income introduction microeconomics studies how households and firms make decisions and how they interact in markets. To x ideas, assume all households are identical, so the economy admits a representative household. Why do people, firms and governments behave the way they do o the role of incentives how does this behaviour impact on the economy, individuals and the environment o the constraint of scarce resources. Introduction to macroeconomics notes ec1002 london. Growth, inflation, balance of payments, unemployment, fiscal policy, monetary policy. Lecture notes in intermediate macroeconomics gregor. Principle of microeconomics note lecture notes, chapters. Principle of microeconomics note lecture notes, chapters 1 10, 12 20.
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