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Macroeconomic Analysis 2003

This lecture provides an in-depth exploration of essential macroeconomic concepts and measurements, including Nominal and Real GDP, GDP deflator, and growth rates. Students will review the AS-AD framework across different economic schools of thought and engage in exercises to apply their knowledge on GDP and aggregate demand. Additionally, we will analyze the impacts of fiscal and monetary policies, technological indices, investment ratios, and economic growth trajectories in the UK and Ireland from 1980 to 2000, examining whether effective economic policies truly make a difference.

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Macroeconomic Analysis 2003

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  1. Macroeconomic Analysis 2003 Approaches to Macroeconomics Lecture 1

  2. Measurement • Nominal GDP • Real GDP • GDP deflator • GDP Index • Growth rate • Technological Index • Review of AS-AD Framework in various Schools • Exercise Lecture 1

  3. Nominal and Real GDP Lecture 1

  4. Aggregate Demand Lecture 1

  5. Lecture 1

  6. Lecture 1

  7. National Income Identity Lecture 1

  8. Supply Side of GDP Lecture 1

  9. Lecture 1

  10. Lecture 1

  11. Lecture 1

  12. Lecture 1

  13. Macroeconomic Policy • Fiscal Policy taxes expenditure debt • Monetary Policy interest rate/ M-supply exchange rate/trade stock market • Growth/supply side Lecture 1

  14. Aggregate Demand and Aggregate Supply and Prices Lecture 1

  15. Classical view Lecture 1

  16. Keynesian Economist’s view on Economic Policy Lecture 1

  17. Exercises GDP deflator Technological index Growth rate of per capita income and GDP Production function Capital share Labour share • Review of • the IS-LM • AS-AD Problems 1-3 Lecture 1

  18. Economic Growth In the UK and Ireland from 1980-2000 Does Good Economic Policy Matter? Saving and Investment ratios Population Growth Fiscal and monetary policy Real interest rate Real Exchange Rate Inflation rates Trade Ratios Lecture 1

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