SHAD 1053 Principles of Macroeconomics

SHAD1053 - Principles of Macroeconomics Lecture-1

This chapter includes introduction to macroeconomics and national circular flow of income.

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Moneytary System

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Income Flow

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Definition of Macroeconomics

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Reflection

From this chapter, I learned that:

  • How to apply the right macroeconomic concepts in analyzing given economic issues.
  • Determine appropriate policies to evaluate aggregate expenditure, aggregate supply and aggregate demand.
  • Analyze monetary system and evaluate the impact of monetary policy on aggregate demand.
  • The importance of foreign trade, exchange rate and capital flow to economies and analyze policy impact using IS-LM model.

 

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Plan

Notemaking and case study discussion.

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