The Study of Macroeconomics

… a core topic in Macroeconomic Policy

Macroeconomics4Topic description

This topic introduces students to the study of macroeconomics.

Topic learning outcome

Appropriately utilize and interpret results of applying to public policy problems the basic principles of macroeconomics, including following core concepts.

Core concepts associated with this topic
Capital Goods

Gross Domestic Product (GDP)

Inflation

Keynesian Economics

Macroeconomics

National Spending vs Factor Income Components of GDP

Nominal vs. Real GDP

Real GDP Per Capita and the Standard of Living

Recession

Other (non-core) concepts

These concepts were not used directly in the MRU lessons but have been identified from courses and have short descriptions on the Old Atlas. Some may be added to the core and be elaborated in a page in this Atlas.

Gross Domestic Income (GDI)

Gross National Product (GNP)

Readings

Atlas pages: The Study of Macroeconomics and its associated Concepts.

Tyler Cowen, What is Goss Domestic Product (GDP)?, Marginal Revolution University, at http://www.mruniversity.com/courses/principles-economics-macroeconomics, accessed 20 April 2016.

Alex Tabarrok, Nominal vs Real GDP, Marginal Revolution University, at http://www.mruniversity.com/courses/principles-economics-macroeconomics/real-versus-nominal-gdp, accessed 22 April 2016.

Alex Tabarrok, Real GDP Per Capita and the Standard of Living, Marginal Revolution University, at http://www.mruniversity.com/courses/principles-economics-macroeconomics/gdp-per-capita-standard-of-living, accessed 22 April 2016.

Alex Tabarrok, Splitting GDP, Marginal Revolution University, at http://www.mruniversity.com/courses/principles-economics-macroeconomics/gdp-national-spending-factor-income-approach, accessed 22 April 2016.

Textbook readings in MPP and MPA courses 

to come

Assessment questions (from MRU Practice Questions for Chapter 1)

  1. GDP includes
  2. Real GDP controls for
  3. Real GDP per capita is positively correlated with all of the following except:
  4. Real GDP per capita is positively correlated with all of the following except:

Page created by: Ian Clark, last modified on 23 April 2016.

Image: Ask Assignment Help, at http://www.askassignmenthelp.com/macroeconomics-assignment-help.html, accessed 22 April 2016.