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

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