Slide 1 Chapter 11 – Introduction to Macroeconomics zThis chapter starts our coverage of Macroeconomics, the study of how the economy works as a whole. zThe chapter defines…
Slide 1 Measuring Output and The Price Level zClose look at the measures of the “big two” goal variables -- real GDP and the price level (to compute the inflation rate).…
Slide 1 A First Look at Macroeconomics Slide 2 The Study of Economics zEconomics -- The study of the production, allocation, and distribution of (limited) resources to most…
Beyond Efficiency…And Government Failure It’s Not Just Efficiency Other values matter in determining what achieves the “good society” Social Welfare Importance of…
Beyond Efficiency…And Government Failure It’s Not Just Efficiency Other values matter in determining what achieves the “good society” Social Welfare Importance of…
National Income Accounting Principles of Macroeconomics Professor Dalton ECON 201 Boise State University National Income Accounting National income accounting – a set of…
Chapter 2 -- Measuring Output and The Price Level Data complied at the National Income and Product Accounts (NIPA) Measuring Output -- Gross Domestic Product (GDP) Gross…
Chapter 2 -- Measuring Output and The Price Level Data complied at the National Income and Product Accounts (NIPA) Measuring Output -- Gross Domestic Product (GDP) Gross…