Principles of Macroeconomics Workbook introduces students of economics and business to understanding and solving fundamental macroeconomic models via basic mathematics. It covers principle macroeconomic topics and can be paired with various textbooks, including the Macroeconomics by Krugman and Wells. The topics covered in the workbook include:
• math refresher
• supply and demand
• GDP and the price index
• unemployment
• economic growth
• savings, investment, and the loanable funds market
• keynesian cross (income-expenditure model)
• AD-AS model
• fiscal policy
• money and monetary policy
• phillips curve
Review of Math and Microeconomics
CHAPTER 1 Math Refresher
CHAPTER 2 Supply and Demand
Short- and Long-Run Views of the Macroeconomy
CHAPTER 3 GDP and the Price Index
CHAPTER 4 Unemployment
CHAPTER 5 Economic Growth
Analysis of Business Cycle Fluctuations
CHAPTER 6 Savings, Investment Spending, and the Loanable Funds Market
CHAPTER 7 Income and Expenditure: The Keynesian Cross
CHAPTER 8 Aggregate Demand and Aggregate Supply
Taming the Business Cycle through Policies
CHAPTER 9 Fiscal Policy
CHAPTER 10 Money, Banking, and the Role of the Federal Reserve
CHAPTER 11 Monetary Policy
CHAPTER 12 Phillips Curve
Yurim
Lee
Yurim Lee is an assistant professor in Economics at Central Washington University in Ellensburg, Washington. She received her Ph.D. in Economics at the University of Washington, Seattle. Her research and expertise are in applied macroeconomic theory, with a focus on the effects of self-employment and relevant reforms on business cycles and welfare costs.