Lecture #1 - Agenda What Macroeconomics Is About...

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1 1-1 Introduction to Macroeconomics 1-2 Agenda What Macroeconomics Is About. What Macroeconomists Do. Why Macroeconomists Disagree. 1-3 What Macroeconomics Is About Macroeconomics is the study of: 1. The structure, dynamic adjustment, and performance of national economies, and 2. The government policies that affect national economic performance. 1-4 What 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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