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11-1Introduction to Macroeconomics1-2Agenda•What Macroeconomics Is About.•What Macroeconomists Do.•Why Macroeconomists Disagree.1-3What Macroeconomics Is About•Macroeconomics is the study of:1.The structure, dynamic adjustment, and performance of national economies, and2.The government policies that affect national economic performance.1-4What Macroeconomics Is About•The main issues of macroeconomics are:– Long-run economic growth– Business cycles/fluctuations– Unemployment– Inflation– The international economy– Macroeconomic policy
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