IntroductiontoMacroeconomics.pptVIP

MACROECONOMICS(宏观经济学) Introduction to Macroeconomics(宏观经济学导言) Review: what is Microeconomics Microeconomics is concerned with behaviour and decisions of individual economic agents (households and firms). The Simple Circular Flow Model Key concepts Ⅰ. What is Macroeconomics Ⅱ. Difference between Microeconomics and Macroeconomics Ⅲ. Origins of Macroeconomics Ⅳ. Main content of Macroeconomics Issues of Macroeconomics Ⅴ. Macroeconomic policy challenges and tools Ⅰ. What is Macroeconomics Macroeconomics is concerned either with the economy as a whole or with aggregates such as the govt, h’hold and business sectors that make up the economy. -- the determination of the aggregate output of G+S, total level of employment, total income, aggregate expenditure, general level of prices, and the influence of government policy. Ⅱ. The Difference between Microeconomics  and Macroeconomics Ⅲ. Origins of Macroeconomics A brief historical overview of Economics Modern Macroeconomics born during Great Depression (1929 - 1939). -- John Maynard Keynes’ 1936 book , The General Theory of Employment, Interest, and Money John Maynard Keynes(1883-1946) Ⅳ. Main content of Macroeconomics 1. Main content of Macroeconomics 2. Issues of Macroeconomics 3. Macroeconomic policy challenges and tools 1. Main content of Macroeconomics 2. Issues of Macroeconomics (1) Unemployment short-term fluctuations long-term trends (2) Economic growth (3) Inflation (4) Deficits: government budget deficits international deficits 3. Macroeconomic Policy Challenges  and Tools (1) Five main policy challenges (2) Two main policy tools (1) Five main policy challenges Five main policy challenges -- decrease unemployment -- increase economic growth -- stabilize the business cycle -- keep inflation low -- decrease government and international de