Sept12 - Announcements For students that require extended...

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CHAPTER 1 CHAPTER 1 The Science of Macroeconomics The Science of Macroeconomics slide 1 Announcements Announcements ± For students that require extended examination times, please see me after class ± The temporary web page is up; check for homework assignments ± Conference Sign Ups: If you have not done so, please see me after class ± Thursday’s conference will be math review ± Outline for today: Introduction Motivation Course Outline How ‘economists’ study economics
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CHAPTER 1 CHAPTER 1 The Science of Macroeconomics The Science of Macroeconomics slide 2 Motivations Motivations Some of your responses: General knowledge in order to understand current events (the world around us) Why are some so rich and others so poor Make $$; Concentration Requirements ± Why do we care about the macroeconomy? That is, what is the significance/importance of learning about the economy on a national/international level?
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CHAPTER 1 CHAPTER 1 The Science of Macroeconomics The Science of Macroeconomics slide 3 Gross Domestic Product Gross Domestic Product ± The final value of all goods and services produced within the borders of a country ± The single most important and cited indicator of economic well being ± Real GDP is issued by the Bureau of Economic Analysis of the U.S. Department of Commerce Quarterly
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CHAPTER 1 CHAPTER 1 The Science of Macroeconomics The Science of Macroeconomics slide 4
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CHAPTER 1 CHAPTER 1 The Science of Macroeconomics The Science of Macroeconomics slide 5 Why does GDP matter? Why does GDP matter?
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This note was uploaded on 07/06/2009 for the course ECON 1210 taught by Professor Howitt during the Fall '08 term at Brown.

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Sept12 - Announcements For students that require extended...

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