11-cons - macroS2010 Lec11-page 1

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Unformatted text preview: macroS2010 Lec11-page 1 http://www.arts.cornell.edu/econ/wissink/econ102jpw/ Starting A Macro Model Lecture 11-PREVIEW Dr. Jennifer P. Wissink 2009 Jennifer P. Wissink, all rights reserved. March 1, 2009 macroS2010 Lec11-page 2 http://www.arts.cornell.edu/econ/wissink/econ102jpw/ Notes on Unemployment Only an aggregate average Duration/Spells of unemployment Trends in Labor Force Participation Discouraged Worker Labor Force Characteristics Under/Over employment UI benefits Search Models and Transition Rates macroS2010 Lec11-page 3 http://www.arts.cornell.edu/econ/wissink/econ102jpw/ Other V.I.P. MACRO Indicators Per capita Income and Product Measures, especially across countries Gross National Income Disposable Income Personal Income Etc Productivity Measures Output per worker hour Capital per worker Capacity utilization rates Employment Measures employment labor force participation average work week macroS2010 Lec11-page 4 http://www.arts.cornell.edu/econ/wissink/econ102jpw/ Gross National Income per Capita Gross National Income (GNI) GNI is GNP converted into dollars using an average of currency exchange rates over several years adjusted for rates of inflation. GNI divided by population equals gross national income per capita. Per Capita Gross National Income for Selected Countries, 2002 COUNTRY U.S. DOLLARS COUNTRY U.S. DOLLARS Switzerland 36,970 Portugal 10,670 Japan 35,990 South Korea 9,400 Norway 35,530 Argentina 6,860 United States 34,870 Mexico 5,540 Denmark 31,090 Czech Republic 5,270 Ireland 28,880 Brazil 3,060 Sweden 25,400 South Africa 2,900 United Kingdom 24,230 Turkey 2,540 Netherlands 24,040 Colombia 1,910 Austria 23,940 Jordan 1,750 Finland 23,840 Romania 1,710 Germany 23,700 Philippines 1,050 Belgium 23,340 China 890 France 22,640 Indonesia 680 macroS2010 Lec11-page 6...
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This note was uploaded on 10/24/2010 for the course ECONOMICS 1120 taught by Professor Wissink during the Fall '10 term at Cornell University (Engineering School).

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11-cons - macroS2010 Lec11-page 1

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