Lecture notes in macroeconomics university of houston. Introduction this book collects my teaching notes for the econ 52 course at stanford university. In our discussion of consumption, we analyzed the problem of an optimizing household that takes the real interest rate as given. Foundations of neoclassical growth lecture notes 5. Introduction to macroeconomics lecture notes download book. Contents preface xvii i the field and basic categories 1 1 introduction 3 1. Lecture notes for macroeconomics i, 2004 per krusell please do not distribute without permission. References in the notes refer to articles given on the reading list. I besides the lectures, there will be 6 tutorials i september 15, september 29, october, november 10, november 17, december 1. Lecture notes principles of macroeconomics economics. Intermediate microeconomics notes, summaries and exams. Students considering macroeconomics as a field are strongly.
The overriding goal of the course is to begin provide methodological tools for advanced research in macroeconomics. Lecture notes intermediate macroeconomics economics. Mar 05, 2019 this is a series of lectures created by dr. National income in closed and open economies anna seim department of economics, stockholm university spring 2015. In macroeconomics, the term investment is reserved for purchases by firms of capital machines, buildings, etc and purchases by households of some durable goods such as housing. Intermediate macroeconomics pedro serodio july 20, 2016. Econ 52 is a intermediate macroeconomics course designed for students who have already taken an introductory economics course econ 1, a maths course that includes multivariable calculus math 51 and an intermediate microeconomics course that includes constrained optimization econ 50. Pdf transcript of a inauguration speech given in 2012, illustrated with cartoons and graphs. Download intermediate macroeconomics lecture notes download free online book chm pdf. Rutgers the state university of new jersey rutgers university.
The difference between macroeconomics and microeconomics macroeconomics includes those concepts that deal with the entire economy or large components of the economy or the world. Lecture notes in intermediate macroeconomics gregor. Federal reserve economic database fred2 information about signing up for an iclicker reef account. This is an exciting time to study economics, even though may not be so exciting to be part of this economy. This website contains most of the class material for intermediate macro econ 102 i teach at ucla. The main aims of macroeconomics have to do with i economic growth and ii cycles, as measured by various statistical representations of the variables that describe the economy economic growth. Microeconomics studies how households and firms make decisions and how they interact in markets. Introduction to the theory of optimal control lecture notes 7. Logan kelly for the undergraduate course, intermediate macroeconomics, taught at the university of wisconsinriver falls. Economics notes for cpa 2 students sitting for the kasneb exams.
With more than 2,200 courses available, ocw is delivering on the promise of open sharing of knowledge. Macroeconomics became popular after great depression of 1929 33. We will study investment activity in more detail later. Macroeconomics, system of national accounts, variants of gdp, the goods market, financial markets, demand for money and bonds, equilibrium in the money market, price of bonds and interest rate, the islm model, the labor market, the three markets jointly.
By contrast, microeconomics treats economic processes that concern individuals. Contents 1 themarket4 2 budgetconstraint8 3 preferences10 4 utility 14 5 choice 18 6 demand 24 7 revealedpreference27 8. A european perspective is essential reading for anyone. Intermediate macroeconomics lecture 1 introduction to economic growth. Keynes wrote the book general theory of employment, interest and money in 1936. Intermediate macroeconomics university of washington. Growth, inflation, balance of payments, unemployment, fiscal policy, monetary policy.
Jan, 2017 this course webpage supports a course on intermediate macroeconomics as taught by g. Infinitehorizon optimization and dynamic programming lecture. The term microeconomics and macroeconomics were first given by ragner frisch in 1933. Infinitehorizon optimization and dynamic programming lecture notes 6. Find materials for this course in the pages linked along the left. Guided by the text and the materials available through the course website, the lectures will develop the analytical tools needed to deal with such issues as unemployment, inflation, business cycles, and economic growth. Econ%311%%intermediate%macroeconomics%professor%gordon. The separation of capital such as machinery from intermediate consumption such as raw materials can be di.
Welcome to the study of the aggregate economy this is macroeconomics and here are some interesting objectivesquestions. Topics the relationship between saving and investment in a closed economy saving, investment and the current account in an open economy. As we mentioned before, in 2000 there were many countries that had much lower standards of living than the united states. An effort will be made to strike a balance between acquiring technical skills and achieving economic understanding. May, 20 intermediate macroeconomics chapter 1 lecture 1 introduction and course overview this video is one of a series of lectures created by dr. A read is counted each time someone views a publication summary such as the title, abstract, and list of authors, clicks on a figure, or views or downloads the fulltext. Intermediate microeconomics notes, summaries and exams studocu. Contents 1 themarket4 2 budgetconstraint8 3 preferences10 4 utility 14 5 choice 18 6 demand 24 7 revealedpreference27 8 slutskyequation30 9 buyingandselling33 10intertemporalchoice37 12uncertainty39 14consumersurplus43 15marketdemand46 18technology48. We build entirely on models with microfoundations, i. This section provides the schedule of lecture topics along with lecture notes for each topic. Macroeconomics 1880 1900 1920 1940 1960 1980 2000 matthiasdoepke universityofchicago andreaslehnert boardofgovernorsofthe federalreservesystem andreww.
The lectures will very closely follow my lecture notes. The problems range from economic growth in the long run, to government finances in the intermediate run, and economic stability in the short run. Keynes is known as father of modern macroeconomics. Chapter 1 introduction these lecture notes cover a onesemester course. Burdett at the university of essex in 200910, based on mankiws macroeconomics 2006, 6th ed it includes a course outline, lecture notes, assignments and problem sets with solutions. Intermediate macroeconomics practice problems and solutions. Intermediate macroeconomics university of notre dame. These notes are for use with pacroeconoics, canadian edition. Intermediate macroeconomics lecture 1 introduction to. Check out all intermediate microeconomics study documents. This note uses the tools of macroeconomics to study various macroeconomic policy problems indepth. Well motivate our study with examples from the us mostly in class and canada mostly in the textbook. With few exceptions, the articles are also summarized in romer or blanchard and fischer. I lecture notes will become available weekly on my website.
The nations unemployment rate, inflation rates, interest rates, federal government budgets and government fiscal policies, economic growth, the federal reserve system. Principles of macroeconomics an open textby douglas curtis and ian irvine version2017 revisionb be a champion of oer. Logan kelly for the undergraduate course, intermediate. The emphasis is on theory, although data guides the theoretical explorations. An analysis for intermediate macro in the journal of. I m using an example from macroeconomics, because some of you have already taken a macro course. Intermediate macroeconomics lecture 9 consumption zs o a l. Understanding and forecasting shortunderstanding and forecasting shortrun fluctuations therun fluctuations the business cyclebusiness cycle. Equilibrium eric sims university of notre dame fall 2012 1 introduction in our discussion of consumption, we analyzed the problem of an optimizing household that takes the real interest rate as given. In this set of notes we endogenize the real interest rate. Read the relevant sections from the lecture notes, textbook, etc. Intermediate microeconomics dirk bergemann, spring 2012 1 introduction 1. Citations 0 references 0 researchgate has not been able to resolve any citations for this publication.
This book represents a substantial makeover and extension of the course notes for intermediate macroeconomics which have been provided publicly on eric simss personalwebsitefor several years. Contribute suggestions for improvements,new content, or errata. Understanding and forecasting shortunderstanding and forecasting shortrun fluctuations therun fluctuations the business cyclebusiness cycle 2. Online text and notes in intermediate macroeconomics the. Keynes, the general theory of employment, interest, and money 1936. This book covers the typical material of an intermediate macroeconomics course at the undergraduate level. Intermediate macroeconomics, ec2201 introduction anna seim department of economics, stockholm university spring 2017 125.
Margin notes provide extended definitions and give students additional context. Intermediate macroeconomics lecture notes download book. The best economics as and a level notes, revision guides, tips and websites compiled from all around the world at one place for your ease so you can prepare for your tests and examinations with the satisfaction that you have the best resources available to you. Principles of microeconomics h e lp fu l h in ts x economics doesn t have to be difficult x but. This is macroeconomics and here are some interesting objectivesquestions. Theory after history i important breakthroughs in macroeconomics tend to follow signi cant economic events i macroeconomic research will tend to re ect the macroeconomic environment i from. Pdf intermediate macroeconomics wilbert m mtessigwa. Campuswire should be used for the discussion board as well as some additional readings. The lecture notes combine the approaches of and adapt materials in both. Romer, which should be familiar and blanchard and fischer. The approach is both theoretical and statistical, with the theory being limited to algebraic expressions and the statistics to simple and multiple regression and correlation.
Intermediate macroeconomicschapter 1 lecture 1 introduction and course overview this video is one of a series of lectures created by dr. Intermediate macroeconomics practice problems and solutions second edition g. Object of interest is a single or small number of household or. A brief overview of the history of macroeconomics i classics smith, ricardo, marx did not have a sharp distinction between micro and macro.
Because historical episodes allow diverse interpretations, many conclusions of macroeconomics are not coercive. The neoclassical growth model aka ramsey model the neoclassical growth model pdf 7. Lecture notes on the principles of microeconomics eric doviak 3rd edition, june 2005. The lecture notes combine the approaches of and adapt materials in both books. This is a collection of lecture notes that i have used over a number of years teaching advanced. We have faced the largest nancial crisis since the great depression. There are many ne textbooks for macroeconomics at the intermediate level currently available. An aggregate is a multitude of economic subjects that share some common features. Do central banks target the interest rate, or do they target the money stock. This course webpage supports a course on intermediate macroeconomics as taught by g. Intermediate macropage with advanced lecture notes and exercises.
Ec2024 intermediate macro 1 outline and lecture notes studocu. It could also be used by graduate students seeking a refresher in advanced undergraduate macroeconomics. It is thus not necessary to read all or even most of the ar ticles on the list. Comprehensive revision notes and model essays on macroeconomics. Mit opencourseware makes the materials used in the teaching of almost all of mits subjects available on the web, free of charge. Online text and notes in intermediate macroeconomics. Summaries, past exams, lecture notes and more to help you study faster. Keynesian consumption function keynes 1936 the amount of aggregate consumption mainly depends on the amount of aggregate income and this relationship is a fairly stable function. Access study documents, get answers to your study questions, and connect with real tutors for economics 321. I keynesian mechanisms were gradually introduced into the models and a new consensus emerged, with most of macroeconomics now taking seriously both short run market imperfections as well as the issues of rationality and the determination of output in the. Lecture notes intermediate macroeconomics economics mit. Do not restrict exports or imports of gold by private citizens, nor impose any other exchange restriction on current or capital account transacting.