《曼昆 《经济学原理》宏观经济学分册第六版》.ppt

Before telling students the determinants of net exports, this exercise asks students to try to figure out how various events affect NX. Even if many students do not figure out the correct answers to all three parts, the exercise still benefits them: learning occurs when misperceptions are brought out and corrected. * See “Case Study: The Increasing Openness of the U.S. Economy” in the textbook for a nice discussion of the factors that explain the increase in the U.S.’ international trade. I constructed the series in this figure from quarterly, seasonally adjusted data on nominal GDP, exports, and imports. Original source: U.S. Dept of Commerce, Bureau of Economic Analysis I obtained the data from: /fred2/, series EXPGS, IMPGS, and GDP. * The top half of this slide duplicates the previous one – intentionally. View both slides in “slide show” or presentation mode and you’ll see why. * This and the next few slides cover material from the textbook “Case Study: Is the U.S. Trade Deficit a National Problem?” * This graph combines panels (a) and (b) of Figure 2 in the textbook. National saving is constructed as Y – C – G. Investment is gross private domestic investment. NCO is constructed as S – I. Source: U.S. Department of Commerce. I obtained the data from: /fred2/ Series: GDP (for Y), GDPI (for I), GCE (for G), PCE (for C). All data are quarterly, SAAR, billions of current dollars. * This slide mirrors the discussion at the end of the textbook’s case study “Is the U.S. Trade Deficit a National Problem?” The following slide does not. * The material on this slide is NOT IN THE TEXTBOOK, AND NOT SUPPORTED WITH STUDY GUIDE OR TEST BANK QUESTIONS. Therefore, you may wish to skip this slide. In case you do, I have omitted it from the student handout file for this chapter. But I hope you’ll consider keeping it. Students find it interesting, and it is the logical conclusion of the case study. U.S. assets are generally considered les