Презентация Introduction to Macroeconomics онлайн
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- Тип файла:ppt / pptx (powerpoint)
- Всего слайдов:35 слайдов
- Для класса:1,2,3,4,5,6,7,8,9,10,11
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Слайды и текст к этой презентации:
№2 слайд
![Intro individual](/documents_6/478a3b18a1424c198a778b81a08351cc/img1.jpg)
Содержание слайда: Intro
individual decision-making Microeconomics examines the behavior of units—business firms and households.
Macroeconomics deals with the economy as a whole; it examines the behavior of economic aggregates such as aggregate income, consumption, investment, and the overall level of prices.
Aggregate behavior refers to the behavior of all households and firms together.
№4 слайд
![Intro Microeconomists](/documents_6/478a3b18a1424c198a778b81a08351cc/img3.jpg)
Содержание слайда: Intro
Microeconomists generally conclude that markets work well.
Macroeconomists, however, observe that some important prices often seem “sticky”
Sticky prices are prices that do not always adjust rapidly to maintain the equality between quantity supplied and quantity demanded.
№7 слайд
![The Roots of Macroeconomics](/documents_6/478a3b18a1424c198a778b81a08351cc/img6.jpg)
Содержание слайда: The Roots of Macroeconomics
Classical economists applied microeconomic models, or “market clearing” models, to economy-wide problems.
However, simple classical models failed to explain the prolonged existence of high unemployment during the Great Depression. This provided the impetus for the development of macroeconomics
№8 слайд
![The Roots of Macroeconomics](/documents_6/478a3b18a1424c198a778b81a08351cc/img7.jpg)
Содержание слайда: The Roots of Macroeconomics
In 1936, John Maynard Keynes published The General Theory of Employment, Interest, and Money.
Keynes believed governments could intervene in the economy and affect the level of output and employment.
During periods of low private demand, the government can stimulate aggregate demand to lift the economy out of recession.
№9 слайд
![Recent Macroeconomic History](/documents_6/478a3b18a1424c198a778b81a08351cc/img8.jpg)
Содержание слайда: Recent Macroeconomic History
Fine-tuning was the phrase used by Walter Heller to refer to the government’s role in regulating inflation and unemployment.
The use of Keynesian policy to fine-tune the economy in the 1960s, led to disillusionment in the 1970s and early 1980s.
№12 слайд
![Inflation and Deflation](/documents_6/478a3b18a1424c198a778b81a08351cc/img11.jpg)
Содержание слайда: Inflation and Deflation
Inflation is an increase in the overall price level.
Hyperinflation is a period of very rapid increases in the overall price level.
Hyperinflations are rare, but have been used to study the costs and consequences of even moderate inflation.
Deflation is a decrease in the overall price level. Prolonged periods of deflation can be just as damaging for the economy as sustained inflation.
№14 слайд
![Output Growth Short Run and](/documents_6/478a3b18a1424c198a778b81a08351cc/img13.jpg)
Содержание слайда: Output Growth:
Short Run and Long Run
The business cycle is the cycle of short-term ups and downs in the economy.
The main measure of how an economy is doing is aggregate output:
Aggregate output is the total quantity of goods and services produced in an economy in a given period
№16 слайд
![Ups and downs of the Business](/documents_6/478a3b18a1424c198a778b81a08351cc/img15.jpg)
Содержание слайда: Ups and downs of the Business Cycle
Peak: at the peak of the business cycle, Real GDP is at a temporary high.
Contraction: A decline in the real GDP. If it falls for two consecutive quarters, it is said the economy to be in a recession.
Trough: The Low Point of the GDP, just before it begins to turn up.
Recovery: When the GDP is rising from the trough.
Expansion: when the real GDP expands beyond the recovery
Recession : two consecutive quarter declines in Real DP
№20 слайд
![Unemployment The unemployment](/documents_6/478a3b18a1424c198a778b81a08351cc/img19.jpg)
Содержание слайда: Unemployment
The unemployment rate is the percentage of the labor force that is unemployed.
The unemployment rate is a key indicator of the economy’s health.
The existence of unemployment seems to imply that the aggregate labor market is not in equilibrium.
Why do labor markets not clear when other markets do?
№23 слайд
![Government in the](/documents_6/478a3b18a1424c198a778b81a08351cc/img22.jpg)
Содержание слайда: Government in the Macroeconomy
Fiscal policy refers to government policies concerning taxes and spending.
Monetary policy consists of tools used by the Federal Reserve to control the quantity of money in the economy.
Growth policies are government policies that focus on stimulating aggregate supply instead of aggregate demand.
№29 слайд
![The Three Market Arenas](/documents_6/478a3b18a1424c198a778b81a08351cc/img28.jpg)
Содержание слайда: The Three Market Arenas
Households and the government purchase goods and services (demand) from firms in the goods-and services market, and firms supply to the goods and services market.
In the labor market, firms and government purchase (demand) labor from households (supply).
The total supply of labor in the economy depends on the sum of decisions made by households.
№30 слайд
![The Three Market Arenas In](/documents_6/478a3b18a1424c198a778b81a08351cc/img29.jpg)
Содержание слайда: The Three Market Arenas
In the money market – sometimes called the financial market – households purchase stocks and bonds from firms.
Households supply funds to this market in the expectation of earning income, and also demand (borrow) funds from this market.
Firms, government, and the rest of the world also engage in borrowing and lending, coordinated by financial institutions.
№31 слайд
![Financial Instruments](/documents_6/478a3b18a1424c198a778b81a08351cc/img30.jpg)
Содержание слайда: Financial Instruments
Treasury bonds, notes, and bills are promissory notes issued by the federal government when it borrows money.
Corporate bonds are promissory notes issued by corporations when they borrow money
Shares of stock are financial instruments that give to the holder a share in the firm’s ownership and therefore the right to share in the firm’s profits.
Dividends are the portion of a corporation’s profits that the firm pays out each period to its shareholders.hen they borrow money.
№32 слайд
![The Methodology of](/documents_6/478a3b18a1424c198a778b81a08351cc/img31.jpg)
Содержание слайда: The Methodology of Macroeconomics
Connections to microeconomics:
Macroeconomic behavior is the sum of all the microeconomic decisions made by individual households and firms. We cannot understand the former without some knowledge of the factors that influence the latter.
№33 слайд
![Aggregate Supply and](/documents_6/478a3b18a1424c198a778b81a08351cc/img32.jpg)
Содержание слайда: Aggregate Supply and
Aggregate Demand
Aggregate demand is the total demand for goods and services in an economy.
Aggregate supply is the total supply of goods and services in an economy.
Aggregate supply and demand curves are more complex than simple market supply and demand curves.
№34 слайд
![Expansion and Contraction The](/documents_6/478a3b18a1424c198a778b81a08351cc/img33.jpg)
Содержание слайда: Expansion and Contraction:
The Business Cycle
An expansion, or boom, is the period in the business cycle from a trough up to a peak, during which output and employment rise.
A contraction, recession, or slump is the period in the business cycle from a peak down to a trough, during which output and employment fall.
№35 слайд
![Review Terms and Concepts](/documents_6/478a3b18a1424c198a778b81a08351cc/img34.jpg)
Содержание слайда: Review Terms and Concepts
aggregate behavior
aggregate demand
aggregate output
aggregate supply
business cycle
circular flow
contraction, recession, or
slump
corporate bonds
deflation
depression
microeconomics
monetary policy
recession
shares of stock
stagflation
sticky prices
supply-side policies
transfer payments
Treasury bonds, notes, bills
unemployment rate
dividends
expansion or boom
fine tuning
fiscal policy
Great Depression
hyperinflation
inflation
macroeconomics
microeconomic
foundations of
macroeconomics
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