文档介绍：Chapter 1:A Tour of the World
1-1:The United States
1-2:The European Union
1-3:Japan and East Asia
1-4:China
1-5:The Core Content of Macroeconomics
1-6:Looking Ahead
2003-6-22
1
1-1:The United States
Is Unemployment Too Low?
Is the Stock Market Too High?
Why Has Growth Slowed Down?
Why Has Wage Inequality Increased?
2003-6-22
2
How to Look at an economy
When we Look at an economy , macroeconomists focus on first three measures:
● Output, the level of production of the economy as a whole, and its rate of growth
● The unemployment rate, the proportion of workers in the economy who are not employed and are looking for a job.
● The inflation rate, the rate at which the average price of the goods in the economy is increasing over time.
2003-6-22
3
Growth, Unemployment, and Inflation in the United State, 1960-1999
(in percent)
1960-1998
1997
1998
1999
2000
2001
2002
Output growth rate
Unemployment rate
Inflation rate
2003-6-22
4
1-2:The European Union
How to Reduce High Unemployment?
What Will the Euro Do for Europe?
2003-6-22
5
Growth, Unemployment, and Inflation in the European Union, 1960-1999
(in percent)
1960-1998
1997
1998
1999
Output growth rate
Unemployment rate
Inflation rate
2003-6-22
6
1-3:Japan and East Asia 1
What Has Japan Done So Poorly in the 1990s?
What Was the Cause of the Asian Crisis of 1997?
2003-6-22
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Growth, Unemployment, and Inflation in Japan, 1960-1999
(in percent)
1960-1997
1997
1998
1999
Output growth rate
-
-
Unemployment rate
Inflation rate
-
2003-6-22
8
Output Growth in East Asian Countries and Districts,1970-1999
(in percent)
1970-1997
1997
1998
1999
Hong Kong
-
-
Singapore
Korea
-
Taiwan