Macroeconomics is the branch of economics concerned with the study of aggregate economic activity. It is a historical account of economic doctrines. Accordingly, he established the Calvin K. Kazanjian Economics Foundation Inc, in 1949 as a philanthropic, nonpolitical educational organization to support efforts that enhanced economic understanding. Lecture Notes in Macroeconomics John C. Driscoll Brown University and NBER1 December 21, 2003 1Department of Economics, Brown University, Box B, Providence RI 02912. Because historical episodes allow diverse interpretations, many conclusions of macroeconomics are not coercive. White Plains High School 550 North Street | White Plains, NY 10605 | PH: 914-422-2182 In most countries, the criteria for being unemployed are not to have a job to be looking for a job An individual who has no job and is not looking for a job is It is not that they didn't pay attention to This course provides an overview of macroeconomic issues: the determination of output, employment, unemployment, interest rates, and inflation. November 8, 2011 November 5, 2011 / Jim Luke. 3.2. Introduction to Macroeconomics TOPIC 1: Introduction, de nition, measures. A BRIEF HISTORY OF ECONOMICS This isn't really essential to know, but may satisfy the curiosity of many. Introduction of Macroeconomics. According to H.L. Important policy debates such as, the sub-prime crisis, social security, the public debt, and international economic issues are critically explored. Brief History of Macroeconomics and The Origins of Freshwater vs. Saltwater Economics. I and others, particularly Paul Krugman, occasionally make reference to “freshwater” vs. “saltwater” economics. Bhatia history of economic thought includes the doctrines and generalizations of various thinkers which deal with the economic phenomena of our life. Phone (401) 863-1584, Fax (401) 863-1970, email:John Driscoll@brown.edu, web:http:nn This page provides links to the PowerPoint slides used in class in Economics 201, Sections 3 & 4. Monetary and fiscal policies are discussed. Mercantilism Economics is said to begin with Adam Smith in 1776. Prior to that, nobody thought of economics, or markets, as an object of study. In macroeconomics, a variety of economy-wide phenomena is thoroughly examined such as, inflation, price levels, rate of growth, national income, gross domestic product and changes in unemployment. Unemployment rate - Who are the unemployed? 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