文档介绍：MACROECONOMICS
BY
Roger E. A. Farmer
Department of Economics UCLA
405 Hilgard Avenue
Los Angeles CA 90024
******@
September, 97
Roger E. A. Farmer 1997. This is an plete and preliminary draft. You may
reproduce the material for personal use for a limited time only. Instructors may circulate
the material for classroom use after obtaining the written permission of the author.
Macroeconomics
by
Roger E. A. Farmer
Part 1: Introduction And Measurement
1. What this Book is About
2. Measuring the Economy
3. Macroeconomic Facts
Part 2: The Classical Approach to Aggregate Demand and Supply
4. The Theory of Aggregate Supply
5. Inflation and Aggregate Demand
6. Saving and Investment
Part 3: The Modern Approach to Aggregate Demand and Supply
7. Unemployment and Labor Market Frictions
8. The Demand for Money
9. The Supply of Money
10. The IS-LM Model and Aggregate Demand
11. The Open Economy
Part 4: Dynamic Macroeconomics
12. Debt, Deficits and Economic Dynamics
13. The Neoclassical Theory of Growth
14. The Endogenous Theory of Growth
15. Unemployment, Inflation and Growth
16. Expectations and Macroeconomics
Part 5: Conclusion
17. What we Know and what we Don’t Know
Roger E. A. Farmer Macroeconomics, December, 97
What’s in Each Part?
Part 1: Introduction and Measurement
Part 1 consists of 3 chapters. Chapter 1 introduces three major questions that we will study in
the rest of the book. 1) Why has GDP per person grown at an average rate of % per year
since 1890? 2) Why does GDP per person fluctuate around its trend growth rate? and 3) What
causes inflation? Chapter2 explains how we measure GDP and ponent parts and it relates
the measurement of GDP to the measurement of wealth. In this chapter you will learn to attach
numbers to the US and the world economies. How big is GDP? How wealthy is the average
American? How large is the US economy relative to the rest of the world? Finally, chapter 3
explains how e