北京外国语大学《宏观经济学》课件-第1章Introduction.pptxVIP

MACROECONOMICS宏观经济学OU Ruiqiu 欧瑞秋International Business School1北京外国语大学《宏观经济学》 My informationEmail: ouruiqiu@Cell phone:Q:ffice hour: by appointment, Administration building 9122 TA information余泽荣Cell phone 619601QQ：450344388Email：im_learning@163.com王泰琦Cell phone ：610997QQ：370454632Email：wangtaiq@3 About the courseText book:Macroeconomics, 11th edition, by Rudiger Dornbusch, Stanley Fischer Richard Startz Reference books:Mankiw, Macroeconomics徐现祥，中国人民大学出版社4 Grading Participation 10%Group presentation 20%Midterm 35%Final 35%5 Before lecturing, Please…list and give the level of some key economic variables in our country6 They includenominal and real GDP, GDP per capitathe growth of GDP,the rate of inflation, the rate of unemployment, budget deficit trade deficit, money supply (M1 and M2), the interest rate …it pays off to follow the current state of the economy in newspapers or magazines. 7 Remember: here are no clear-cut answers to many of the questions that this course will address, and that economists’ interpretations of events and proposals for solutions often vary widely. Microeconomics, and macroeconomicsto show the market mechanism (the invisible hand), andto supplement it.9 Q1: What determine our standard of living?10 Available amount of factor, labor, capital, …Efficiency of factor, technology, … 11 Economic GrowthThe growth rate of the economy is the rate at which the gross domestic product (GDP) is increasing.12 13 Rule of 70g = 70 / Years to DoubleSuppose a person’s wage was $100 per hour in 1990 and then $200 in 2002. At what rate (approximately) did it grow?14 Rule of 70Years to Double = 70 / gSuppose a person’s wage grows at 10% annually. How long (approximately) will it double?15 percentageyears to double701707023570514707107010770203.5Years to double16 percentageyea