Chapter 1

Chapter 1 - CHAPTER 1 The Science of Macroeconomics A...

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CHAPTER 1 The Science of Macroeconomics ® A PowerPoint Tutorial To Accompany MACROECONOMICS, 6th. ed. N. Gregory Mankiw By Mannig J. Simidian
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2 Chapter One I would like to thank Greg Mankiw for creating another macroeconomics masterpiece! It is none other than an honor to be a part of his prolific work. To Mike McElroy (North Carolina State University), I express eternal gratitude for his continued interest in my endeavors. For almost 10 years, he has been reading and contributing to my macroeconomics modules. I also want to thank Mark Rush (University of Florida), David Denslow (University of Florida) and “the director” for making my earliest experiences in economics so entertaining. Jeffrey Frankel (Harvard University), Ed Tower (Duke University), and Roberto Rigobon (M.I.T) also encouraged my love for economics. I thank Peter Max, America’s painter-laureate, for all he has taught me through his wisdom and art. Lawrence Brockman, D.M.D, an economist in spirit, has been my teacher and great friend throughout the years. Thanks go to my former colleagues at the Massachusetts Institute of Technology (MIT), Michele Rubino, Guido Meardi and Stewart Brazil. I also thank Franco Modigliani (MIT) and Rudi Dornbusch (MIT) posthumously, for their courageous tutelage until the very end. I also want to thank my sweet two year old daughter Elle (perhaps a future economist) for being my beautiful inspiration in teaching macroeconomics. Of course, I thank my Dad for his best
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Chapter 1 - CHAPTER 1 The Science of Macroeconomics A...

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