Lecture 1 Outline

Lecture 1 Outline - Lecture 1: Introduction to Intermediate...

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Unformatted text preview: Lecture 1: Introduction to Intermediate Macroeconomics I. Economics a. What is Economics? b. Economic Methodologies i. Empirical Methods 1. Econometrics 2. Simulation Methods ii. A priori methods 1. Mathematical/Formal 2. Realist II. Macroeconomics a. Theoretical Components/Issues i. Universals and Near Universals 1. Time 2. Labor 3. Money ii. Coordination and General Equilibrium 1. Example of Coordination Problem 2. The Idea of General Equilibrium b. Empirical Issues i. Trends 1. Economic Growth 2. Inflation ii. Cycles 1. Why cycles? 2. Why unemployment? c. Policy Issues i. Fiscal ii. Monetary iii. Structural ...
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This note was uploaded on 10/14/2008 for the course ECON 502.01 taught by Professor Mccafferty during the Fall '08 term at Ohio State.

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Lecture 1 Outline - Lecture 1: Introduction to Intermediate...

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