By contrast, microeconomics treats economic processes that concern individuals. Download intermediate macroeconomics lecture notes download free online book chm pdf. Logan kelly for the undergraduate course, intermediate macroeconomics, taught at the university of wisconsinriver falls. I m using an example from macroeconomics, because some of you have already taken a macro course. The problems range from economic growth in the long run, to government finances in the intermediate run, and economic stability in the short run. This is a collection of lecture notes that i have used over a number of years teaching advanced. In this set of notes we endogenize the real interest rate.
The lectures will very closely follow my lecture notes. 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. Welcome to the study of the aggregate economy this is macroeconomics and here are some interesting objectivesquestions. Contents preface xvii i the field and basic categories 1 1 introduction 3 1. Topics the relationship between saving and investment in a closed economy saving, investment and the current account in an open economy. Ec2024 intermediate macro 1 outline and lecture notes studocu. Romer, which should be familiar and blanchard and fischer. Access study documents, get answers to your study questions, and connect with real tutors for economics 321. Logan kelly for the undergraduate course, intermediate. Intermediate microeconomics notes, summaries and exams. Introduction to the theory of optimal control lecture notes 7. Read the relevant sections from the lecture notes, textbook, etc.
Margin notes provide extended definitions and give students additional context. The lecture notes combine the approaches of and adapt materials in both. Jan, 2017 this course webpage supports a course on intermediate macroeconomics as taught by g. I besides the lectures, there will be 6 tutorials i september 15, september 29, october, november 10, november 17, december 1. These notes are for use with pacroeconoics, canadian edition. Mit opencourseware makes the materials used in the teaching of almost all of mits subjects available on the web, free of charge. It is thus not necessary to read all or even most of the ar ticles on the list. 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. Growth, inflation, balance of payments, unemployment, fiscal policy, monetary policy. 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. Lecture notes in intermediate macroeconomics gregor. This book covers the typical material of an intermediate macroeconomics course at the undergraduate level. Pdf intermediate macroeconomics wilbert m mtessigwa. Lecture notes intermediate macroeconomics economics.
Do central banks target the interest rate, or do they target the money stock. 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. The overriding goal of the course is to begin provide methodological tools for advanced research in macroeconomics. Lecture notes in macroeconomics university of houston. Principles of macroeconomics an open textby douglas curtis and ian irvine version2017 revisionb be a champion of oer. Intermediate macroeconomics, ec2201 introduction anna seim department of economics, stockholm university spring 2017 125. This section provides the schedule of lecture topics along with lecture notes for each topic. An analysis for intermediate macro in the journal of. Microeconomics studies how households and firms make decisions and how they interact in markets. Intermediate macroeconomics lecture 1 introduction to. Contents 1 themarket4 2 budgetconstraint8 3 preferences10 4 utility 14 5 choice 18 6 demand 24 7 revealedpreference27 8. This note uses the tools of macroeconomics to study various macroeconomic policy problems indepth.
This is macroeconomics and here are some interesting objectivesquestions. We have faced the largest nancial crisis since the great depression. The nations unemployment rate, inflation rates, interest rates, federal government budgets and government fiscal policies, economic growth, the federal reserve system. With more than 2,200 courses available, ocw is delivering on the promise of open sharing of knowledge. Campuswire should be used for the discussion board as well as some additional readings. Intermediate macroeconomics lecture 9 consumption zs o a l. The lecture notes combine the approaches of and adapt materials in both books. This website contains most of the class material for intermediate macro econ 102 i teach at ucla.
May, 20 intermediate macroeconomics chapter 1 lecture 1 introduction and course overview this video is one of a series of lectures created by dr. 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. Intermediate macroeconomics pedro serodio july 20, 2016. Intermediate macroeconomics university of washington.
Keynes wrote the book general theory of employment, interest and money in 1936. 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. Online text and notes in intermediate macroeconomics. 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.
Introduction to macroeconomics lecture notes download book. We build entirely on models with microfoundations, i. 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. Intermediate macroeconomics practice problems and solutions. Contribute suggestions for improvements,new content, or errata. 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. Infinitehorizon optimization and dynamic programming lecture notes 6. Lecture notes for macroeconomics i, 2004 per krusell please do not distribute without permission. Macroeconomics 1880 1900 1920 1940 1960 1980 2000 matthiasdoepke universityofchicago andreaslehnert boardofgovernorsofthe federalreservesystem andreww.
Do not restrict exports or imports of gold by private citizens, nor impose any other exchange restriction on current or capital account transacting. Lecture notes intermediate macroeconomics economics mit. 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. 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 macroeconomics lecture notes download book. Understanding and forecasting shortunderstanding and forecasting shortrun fluctuations therun fluctuations the business cyclebusiness cycle 2. References in the notes refer to articles given on the reading list. National income in closed and open economies anna seim department of economics, stockholm university spring 2015. The term microeconomics and macroeconomics were first given by ragner frisch in 1933. I lecture notes will become available weekly on my website. Infinitehorizon optimization and dynamic programming lecture. An aggregate is a multitude of economic subjects that share some common features.
An effort will be made to strike a balance between acquiring technical skills and achieving economic understanding. Keynes, the general theory of employment, interest, and money 1936. 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. Find materials for this course in the pages linked along the left. Object of interest is a single or small number of household or. Econ%311%%intermediate%macroeconomics%professor%gordon. Lecture notes on the principles of microeconomics eric doviak 3rd edition, june 2005. Students considering macroeconomics as a field are strongly. A european perspective is essential reading for anyone. 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. The separation of capital such as machinery from intermediate consumption such as raw materials can be di. With few exceptions, the articles are also summarized in romer or blanchard and fischer. Keynes is known as father of modern macroeconomics. Macroeconomics became popular after great depression of 1929 33.
Foundations of neoclassical growth lecture notes 5. Online text and notes in intermediate macroeconomics the. Intermediate macroeconomics lecture 1 introduction to economic growth. Principles of microeconomics h e lp fu l h in ts x economics doesn t have to be difficult x but. A brief overview of the history of macroeconomics i classics smith, ricardo, marx did not have a sharp distinction between micro and macro. As we mentioned before, in 2000 there were many countries that had much lower standards of living than the united states.
Chapter 1 introduction these lecture notes cover a onesemester course. 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. Comprehensive revision notes and model essays on macroeconomics. This is an exciting time to study economics, even though may not be so exciting to be part of this economy. There are many ne textbooks for macroeconomics at the intermediate level currently available. 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. Check out all intermediate microeconomics study documents.
It could also be used by graduate students seeking a refresher in advanced undergraduate macroeconomics. The emphasis is on theory, although data guides the theoretical explorations. Intermediate macropage with advanced lecture notes and exercises. Well motivate our study with examples from the us mostly in class and canada mostly in the textbook. This course webpage supports a course on intermediate macroeconomics as taught by g. We will study investment activity in more detail later. Pdf transcript of a inauguration speech given in 2012, illustrated with cartoons and graphs. 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. Citations 0 references 0 researchgate has not been able to resolve any citations for this publication. Intermediate microeconomics dirk bergemann, spring 2012 1 introduction 1. Economics notes for cpa 2 students sitting for the kasneb exams. Understanding and forecasting shortunderstanding and forecasting shortrun fluctuations therun fluctuations the business cyclebusiness cycle. Mar 05, 2019 this is a series of lectures created by dr.
Federal reserve economic database fred2 information about signing up for an iclicker reef account. Introduction this book collects my teaching notes for the econ 52 course at stanford university. 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. Intermediate macroeconomics university of notre dame. Rutgers the state university of new jersey rutgers university. In our discussion of consumption, we analyzed the problem of an optimizing household that takes the real interest rate as given. Lecture notes principles of macroeconomics economics. Intermediate macroeconomicschapter 1 lecture 1 introduction and course overview this video is one of a series of lectures created by dr.