Economics Studies human behavior Uncertainty ** It depends...*** on what?--- factors Why?--- intuitions How?--- logic Conclusions?

Investment Business fixed investment Equipment and structures that businesses buy to use in production Residential investment New housing that people buy to live in and that landlords buy to rent out Inventory investment Goods that business put aside in storage, including materials and supplies, work in process, and finished goods

The Open Economy in the SR The Mundell-Fleming Model Model under floating ex-rate Model under fixed ex-rate Interest-rate- differentials Debate over floating v.s. fixed ex-rate Mundell-Fleming model with changing price level Model in large open economy

The Open Economy Why do countries trade with each other? \No nation was ever ruined by trade.\ -- Benjamin Franklin More varieties; higher quality; cheaper price

The Macroeconomic Policy Debate William McChesney Martin The fed.'s job is to take away the punch bowl just as the party gets going 联储的工作是在宴会进行时拿走盛满酒的酒杯。 The economy is inherently unstable

第八章总需求函数(曲线)和总供给函数(曲线) 一、基本概念 总需求总需求函数总需求曲线总供给总供给函数总供给

一、基本概念 财政政策货币政策挤出效应财政政策乘数投资的利率系数货币

一、概念 资本投资总投资净投资资本边际效率投资边际效率加速数加 速原理乘数一加速数模型合意资本存量贴现值法资本边际效率法

一.基本概念 国民收入最终产品中间产品个人收入消费国内生产总值折旧固定资产投资存货投资个人可支配收入奥肯定律名义国民生产总值实际国民生产总值GNP折算指数国民收入核算体系人均国民生产总值潜在国民生产总值社会总产值生产要素要素收入非要素收入物质产品平衡表体系社会总产值

第十章通货膨胀理论 一、基本概念 通货膨胀通货收缩通货膨胀率消费价格指数批发价格指数 温和的通货膨胀奔腾的通货膨胀超级的通货膨胀平衡的通货膨胀