Macroeconomics Ebook

1. Introduction
2. Measuring domestic output ando national income
3. Basic macroeconomic relationships
4. The aggregate expenditures model
5. Aggregate demand and aggregate supply
6. Business cycles, unemployment and inflation
7. Fiscal policy, deficits and debt
8. Money, the federal reserve and interest rate
9. Monetary policy, gdp and the price level
10. Financial economics
11. International trade
12. The balance of payments, exchange rates and trade deficits
13. Economic growth
14. Extending the analysis of aggregate supply
15. Current issues in macro theory and policy

Macroeconomics studies the behavior of the economy as a whole. It is primarily concerned with two topics: long-run economic growth and the short-run fluctuations in output and employment that comprise the business cycle. These phenomena are closely related. Most economies enjoy a distinct growth trend that leads to higher output and higher standards of living in the long run. But the rate of growth is not constant. Sometimes it proceeds rapidly, sometimes slowly, and sometimes it even turns negative for while, a situation known as a recession.

To understand how economies operate and how to improve their performance, economists collect and analyze economic data, including the amount of new construction taking place each month, how many ships laden with cargo arrive at U.S. ports each year, and how many new inventions have been patented in the last few weeks. That said, macroeconomists tend to focus on three key statistics when assessing an economy’s health and development.