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Topic: Macroeconomics

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In the News (Fri 24 May 19)

  CLEP: Principles of Macroeconomics
The Principles of Macroeconomics examination covers material that is usually taught in a one-semester undergraduate course in introductory macroeconomics.
Most textbooks used in college-level introductory macroeconomics courses cover the topics in the outline given earlier, but the approaches to certain topics and the emphasis given to them may differ.
To prepare for the Principles of Macroeconomics exam, it is advisable to study one or more college textbooks, which can be found in most college bookstores.
www.collegeboard.com /student/testing/clep/ex_pmac.html   (557 words)

  New Classical Macroeconomics, by Robert King: The Concise Encyclopedia of Economics: Library of Economics and Liberty
Macroeconomic quantities like GDP are the result of the general equilibrium of the markets in an economy.
Macroeconomics has lagged behind because Keynesian macroeconomics was dominant when these principles were systematically applied in these other fields in the forties through the sixties.
In contrast to classical macroeconomics, new and old, Keynesian macroeconomics did not begin with the assumption that an economy is made up of individually rational economic suppliers and demanders.
www.econlib.org /library/Enc/NewClassicalMacroeconomics.html   (2646 words)

 Egwald Economics: Microeconomics and Macroeconomics
The models of section B. are based on the macroeconomics aggregates of the Canadian economy.
Much of modern macroeconomics theory and its application in government policy is still based on the work of John Maynard Keynes.
Focusing on the "demand side" of the economy, the IS-LM model is an important starting point in building a more complete macroeconomics model of the economy.
www.egwald.com /economics   (713 words)

 WHO | Macroeconomics and Health
Responding to this urgent need, a macroeconomics and health process helps place health at the centre of the broader development agenda in countries.
Countries are driving the macroeconomics and health process, which takes into account countries' unique health and macroeconomic variables.
In support of ongoing country macroeconomics and health activities, the Second Consultation on Macroeconomics and Health, "Increasing Investments in Health Outcomes for the Poor" took place from 28-30 October 2003 at WHO Headquarters in Geneva.
www.who.int /macrohealth/en   (354 words)

 [No title]
Though it is widely believed that events such as the combination of inflation and unemployment in the 1970s, or the noninflationary growth from 1982 to 1989, baffled and astounded macroeconomists, this turns out to be another of those oddly popular anti-economist legends--similar to the legend that economists refused to believe in increasing returns.
As Keynesianism worked its way through the profession, macroeconomics came to be defined not as a set of issues concerning the overall performance of the economy but as a particular way of theorizing about the economy.
For purposes of dealing with the issue of stability and charting the dynamic properties of the economy (such as those implied by the multiplier-accelerator process), the output of investment goods was separated from the output of consumption goods: Investment is the unstable component, and consumption is the stable component of aggregate demand.
lycos.cs.cmu.edu /info/macroeconomics--economy.html   (707 words)

  Macroeconomics - Wikipedia, the free encyclopedia
Macroeconomics is the economics sub-field of study that considers aggregate behavior, and the study of the sum of individual economic decisions.
Macroeconomics can be used to analyze how best to influence government policy goals such as economic growth, price stability, full employment and the attainment of a sustainable balance of payments.
However, New Keynesian macroeconomics has generally presented microeconomic models to shore up their macroeconomic theorizing, and some Keynesians have contested the idea that microeconomic foundations are essential, if the model is analytically useful.
en.wikipedia.org /wiki/Macroeconomics   (1087 words)

Arguably, the macroeconomics of labor, which is the focus of modern income-expenditure analysis, and the macroeconomics of money, which gets emphasis in the quantity-theory tradition, have each been pushed well into the range of diminishing marginal returns.
The emphasis in macroeconomics during the final quarter of the twentieth century has clearly been-not on labor, not on capital, not on money-but on expectations, so much so that theories tend to be categorized and judged primarily in terms of their treatment of expectations.
The capital-based macroeconomics offered in this volume is bolstered by the judgment of Machlup that Hayek's contribution to capital theory was both fundamental and path-breaking and by the belief that a macroeconomic framework that features the Austrian theory of capital can compare favorably to the alternative frameworks of mainstream macroeconomics.
www.auburn.edu /~garriro/introtam.htm   (3974 words)

 Chapter One   (Site not responding. Last check: )
His critique of mainstream macroeconomics is that the various schools of thought (Keynesianism, monetarism, New Classicism, and, by extension, New Keynesianism) treat time and money far too superficially in comparison to the central roles that they play in real world economies.
In addition, the Austrian theory of capital is central to its macroeconomics, and one goal of this study is to re-emphasize capital and try to wed the microeconomics of Austrian capital theory to the monetary disequilibrium approach of Yeager and others.
Conversely, sound macroeconomic policy will not lead to equilibrium in the microeconomy, but will simply not add any additional barriers to the degree of coordination that the market is capable of producing.
it.stlawu.edu /shor/Book/introduction.htm   (5852 words)

Macroeconomics speaks of such economic measures as total output, total unemployment, total income, aggregate expenditures, and the general level of prices in analyzing various economic problems.
Macroeconomics examines the beach, not the sand, rocks, and shells.
Further, macroeconomics is one of those subjects about which almost everyone has an opinion (often quite strongly held and even more strongly defended) but where many of those opinions are based on emotion, misunderstanding, ignorance, politics, racism, or some personal agenda.
homepage.mac.com /hfranks/Education4.html   (478 words)

 Alibris: Macroeconomics
In addition, the field of macroeconomics is an ever-evolving one: as new events take place, new research is conducted, and new policies are initiated, we must...
Because issues of policy and real applications are important to the principles of macroeconomics course, Hall and Lieberman have made their comprehensive, cutting edge text as current as today's headlines.
David Romer's Advanced Macroeconomics, 2e is the standard text and the starting point for graduate macro courses and helps lay the groundwork for students to begin doing research in macroeconomics and monetary economics.
www.alibris.com /search/books/subject/Macroeconomics   (1269 words)

 [No title]
Abstract: This paper traces the euro zone’s inadequate macroeconomic performance in recent years back to the predominance of a restrictive macroeconomic policy mix based on a ‘new monetarist’ approach to economic policy.
Contrary to the strict assignment of macroeconomic goals to the macroeconomic policy actors and their instruments in the ‘new monetarist’ approach, the alternative requires the co-ordination of monetary, fiscal and wage policies in order to achieve growth, high employment and price stability.
The main goal of macroeconomics is to gain a better understanding of the causes of, and remedies for, UNEMPLOYMENT and INFLATION, as well as the factors that affect ECONOMIC GROWTH.
www.lycos.com /info/macroeconomics--miscellaneous.html?page=2   (441 words)

 What's the difference between macroeconomics and microeconomics?
Macroeconomics, on the other hand, is the field of economics that studies the behavior of the economy as a whole and not just on specific companies, but entire industries and economies.
For example, macroeconomics would look at how an increase/decrease in net exports would affect a nation's capital account or how GDP would be affected by unemployment rate.
Regardless, both micro- and macroeconomics provide fundamental tools for any finance professional and should be studied together in order to fully understand how companies operate and earn revenues and thus, how an entire economy is managed and sustained.
www.investopedia.com /ask/answers/110.asp   (451 words)

I was disappointed by the relative neglect -- in spite of the many "case studies" -- of the micro-economic, historical, and institutional realities that underlay the graphs and algebra of conventional macroeconomic analysis.
So therefore, despite its inherent downfall due to Mankiw's economic philosophy, I give four stars, and would recommend it to anyone who might be interested in macroeconomics or wants to expand their library.
While incredibly well written for the material it presents, it did not cover all of the topical areas I encountered on the CLEP, nor did it go into sufficient depth for several areas that were.
www.iyares.com /resources/books/details.aspx?id=0716752379   (1129 words)

 AP Central - Economics: Macro Course Perspective   (Site not responding. Last check: )
AP Macroeconomics is a course designed to provide students with a thorough understanding of the principles of economics in examining aggregate economic behavior.
Students will also learn the basic analytical tools of macroeconomics, primarily the aggregate demand and aggregate supply model and its application in the analysis and determination of national income, as well as evaluating the effectiveness of fiscal policy and monetary policy in promoting economic growth and stability.
The AP Macroeconomics Course Description (see the link provided at the end of this overview) is the teacher's best guide for what is covered on the AP Exam.
apcentral.collegeboard.com /article/0,1281,151-162-0-4496,00.html   (647 words)

 Beginning 2003   (Site not responding. Last check: )
Currently he is the Director of the Center for Research in International Economics (CREI), and a Professor of Economics at Universitat Pompeu Fabra, Barcelona.
He is co-Director of the International Macroeconomics Programme at CEPR, and a co-editor of the European Economic Review.
He has more recently worked on the microfoundations of macroeconomics, in particular on the role of money and credit in the propagation of business cycles.
www.szgerzensee.ch /doctoral/beginning/beginning2003.htm   (2127 words)

 Introduction To Macroeconomics
The difference between microeconomics and macroeconomics is in the problems with which each is concerned.
Microeconomics asks whether the bundle that a society produces is the bundle that has the highest value to that society, and if it does not, what changes would increase that value.
This selection of readings introduces you to macroeconomics by looking at extreme episodes, the hyperinflation in Germany after the First World War, and the massive unemployment in the United States during the 1930s.
www.ingrimayne.com /econ/EconomicCatastrophe/OverviewA6.html   (262 words)

 Amazon.co.uk: Macroeconomics: Books   (Site not responding. Last check: )
Blanchard is the book that helps students to see the big macroeconomic picture by integrating one unifying model throughout the text, without glossing over the core concepts that matter.
Students will be able to make sense not only of past macroeconomic events, but also of those that unfold in the future.
The facts and theories are explained in the most simple language with real life examples integrated within the chapters to teach one how to use economics in the real world.
www.amazon.co.uk /exec/obidos/ASIN/0131860267   (761 words)

 Macroeconomics   (Site not responding. Last check: )
This is not to say that the logic of microeconomics is easy -- it is not -- but once one has spent some time with it, and it becomes second nature, it gives a reassuring coherence to microeconomics as a whole.
Once the overall level of employment is determined by macroeconomic equilibrium (Aggregate Supply and Demand), the allocation of the given amount of resources employed is important, and here microeconomic supply and demand have their key role.
So (I'm persuaded) both microeconomics and macroeconomics are here to stay -- and the Reasonable Dialog goes on, and we have much more to learn from it.
william-king.www.drexel.edu /top/prin/txt/controv2/un16.html   (679 words)

 Economics:Topic   (Site not responding. Last check: )
The OECD's macroeconomic work is based on continued monitoring of events in Member countries as well as outside the OECD area and includes regular projections of short and medium-term economic developments.
Economics Working Paper No. 550 highlights the factors that limit or increase cyclical divergence in the euro area and reviews one policy area that is important in fostering a speedy adjustment to shocks: the transmission of monetary policy via the housing market.
Macroeconomic imbalances are weighting on growth prospects and are only started to unwind.
www.oecd.org /topic/0,2686,en_2649_37443_1_1_1_1_37443,00.html   (378 words)

 Macroeconomics Summary
Macroeconomics is the study of the behaviors and acti...
Macroeconomics is the economics sub-field of study that considers aggregate behavior, and the study of the sum of individual economic decisions.
This is in contrast to microeconomics, the study of the economic behaviour of individual consumers, firms, an...
www.bookrags.com /Macroeconomics   (142 words)

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