1. Brief Introduction on Central Bank Four Players in Money Supply Process Structure of Central Banks and the Federal Reserve System The Fed’s Balance Sheet

一、 商业票据（commercial paper） 二、 国债（treasury bill） 三、 银行存单（certificate of deposit） 四、公司债券（corporate bond） 五、 抵押债券（mortgage） 六、回购协议（repurchase agreement）

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

The Multiplier Process as Market Exchange Process A Contribution to the micro Foundation of Keynesian macroeconomics Abstract Traditional equilibrium analysis has been incorrectly founded once an\ordering issue\is

一、本章教学目的与要求： 总需求的定义、内容； 总需求曲线的定义、推导、斜率和平移；

一、本章的教学目的与要求： 劳动力以及失业的定义； 失业的种类；

一、本章的教学目的与要求： 双重市场均衡的含义、条件以及失衡的调整过程； 货币政策分析的一般性结论及其传导机制；

一、本章的教学目的与要求： 交易方程式的内容； 古典的货币需求理论； 凯恩斯的流动偏好理论；

I want to thank Edward Nell, David Colander, John Eatwell and Thomas Palley for their comments and suggestions on the early draft of paper Dept of Economics, Graduate Faculty, New School for Social Research, 65 Fifth Ave

Course description Macroeconomics is the most disputed, confused, yet excited field in economics. This course introduces you how economists think about those macroeconomic problems such as inflation, unemployment and recession, and how macroeconomic policies