Introduction What are the three big problems macroeconomics studies? GDP -- Calculation: intermediate inventories;used;GNP Real v.s. Nominal (deflator; CPD) Okun'sLaw

Government Debt 1. Is budget deficit correctly measured? （1)Inflation （2)Capital Assets （ 3)Uncounted liabilities （ 4) Business cycle

Introduction The objective of this chapter is to study how employment is determined in the labor market We are considering the labor market in which the following relation should always hold:

1-1 What Macroeconomists Study Why have some countries experienced rapid growth in incomes over the past century while others stay mired in poverty? Why do some countries have high

Introduction The aim of this chapter is to study how output is determined in Keynesian framework. The analysis in this chapter is often named multiplier analysis

2-1: Aggregate Output 2-2: The Other Major Macroeconomic Variables

10-1: Inflation, Expected Inflation, and Unemployment 10-2: The Phillips Curve 10-3: A Summary and many Warnings

Introduction The objective of this chapter is to move from theory to empiric. Specially, we shall study how macroeconomic policies can be applied to solve practical macroeconomic problems

11-1: utput, Unemployment, and Inflation 11-2: The Medium Run 11-3: Disinflation: A First Pass 11-4: Expectations, Credibility, and Nominal Contracts 11-5: The U.S. Disinflation, 1979 to 1985

8-1: A Tour of the Labor Market 8-2: Movements in Unemployment 8-3: Wage Determination 8-4: Price Determination 8-5: The Natural Rate of Unemployment 8-6: Where We Go From Here