Principles of macroeconomics: the way we live

Description

Economics as a framework for making life's decisions -- Benefits and costs of an activity: specialization and exchange -- Demand for and supply of economic goods -- Applying the supply-and-demand model -- What are the big issues: a macroeconomic overview -- Measuring a nation's price level -- Output and income -- Labor market and unemployment -- Global economy -- Basics of growth economics -- Other aspects of economic growth: why isn't everyone rich? -- Inflation: what it is, and why it's bad -- Aggregate expenditures and real output -- Inflation expectations and their effect on the economy -- Can economic fluctuations be predicted? using the aggregate demand and inflation expectations model -- Fiscal policy -- Money, banking, and the U.S. Federal Reserve system -- Monetary policy. Economics as a framework for making life's decisions -- Benefits and costs of an activity: specialization and exchange -- Demand for and supply of economic goods -- Applying the supply-and-demand model -- What are the big issues: a macroeconomic overview -- Measuring a nation's price level -- Output and income -- Labor market and unemployment -- Global economy -- Basics of growth economics -- Other aspects of economic growth: why isn't everyone rich? -- Inflation: what it is, and why it's bad -- Aggregate expenditures and real output -- Inflation expectations and their effect on the economy -- Can economic fluctuations be predicted? using the aggregate demand and inflation expectations model -- Fiscal policy -- Money, banking, and the U.S. Federal Reserve system -- Monetary policy.