02-intro - Getting Started Lecture 2-PREVIEW Dr Jennifer P...

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macroS2010 Lec2-page 1 http://www.arts.cornell.edu/econ/wissink/econ102jpw/ Getting Started Lecture 2-PREVIEW Dr. Jennifer P. Wissink ©2009 John M. Abowd and Jennifer P. Wissink, all rights reserved. January 27, 2010
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macroS2010 Lec2-page 2 http://www.arts.cornell.edu/econ/wissink/econ102jpw/ Why Study Economics? It’s everywhere. It’s unavoidable. It’s a requirement and a prerequisite for understanding lots of other material. To help you understand how economists think and construct arguments. To understand how markets work. To help you differentiate good from bad analysis.
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macroS2010 Lec2-page 3 http://www.arts.cornell.edu/econ/wissink/econ102jpw/ Macro: the study of the determination of economic aggregates and how they relate to each other and how the government and the exogenous environment affects these aggregates Macro examines the factors that determine total national output, or total national product total national income price levels unemployment interest rate levels the business cycle
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macroS2010 Lec2-page 4 http://www.arts.cornell.edu/econ/wissink/econ102jpw/
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02-intro - Getting Started Lecture 2-PREVIEW Dr Jennifer P...

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