PDF4PRO ⚡AMP

Modern search engine that looking for books and documents around the web

Example: stock market

Introduction to Macroeconomics Lecture Notes

Introduction to Macroeconomics Lecture Notes Robert M. Kunst March 2006. 1 Macroeconomics 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. By contrast, microeconomics treats economic processes that concern individuals. Example: The decision of a firm to purchase a new o ce chair from com- pany X is not a macroeconomic problem. The reaction of Austrian house- holds to an increased rate of capital taxation is a macroeconomic problem. Why Macroeconomics and not only microeconomics?

Classical motivation of macroeconomics : politicians should be ad-vised how to control the economy, such that speci fied targets can be met optimally. policy targets: traditionally, the ‘magical pentagon’ of good economic growth, stable prices, full employment, external equilibrium, just distribution 1

Loading..

Tags:

  Macroeconomics, Distribution

Information

Domain:

Source:

Link to this page:

Please notify us if you found a problem with this document:

Spam in document Broken preview Other abuse

Transcription of Introduction to Macroeconomics Lecture Notes

Related search queries