章节克鲁格曼2009 worth publishers chlecturekw2.pptx

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章节克鲁格曼2009 worth publishers chlecturekw2.pptx

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chapter:22Krugman/Wells?2009?WorthPublishersMacroeconomics:TheBigPicture

Anoverviewofmacroeconomics,thestudyoftheeconomyasawhole,andhowitdiffersfrommicroeconomicsTheimportanceofthebusinesscycleandwhypolicy-makersseektodiminishtheseverityofbusinesscyclesWhatlong-rungrowthisandhowitdeterminesacountry’sstandardofliving

ThemeaningofinflationanddeflationandwhypricestabilityispreferredWhatisspecialaboutthemacroeconomicsofanopeneconomy,aneconomythattradesgoods,services,andassetswithothercountries

Macroeconomicsvs.MicroeconomicsLet’sbeginbylookingmorecarefullyatthedifferencebetweenmicroeconomicandmacroeconomicquestions.MICROECONOMICQUESTIONSMACROECONOMICQUESTIONSGotobusinessschoolortakeajob?Howmanypeopleareemployedintheeconomyasawhole?WhatdeterminesthesalaryofferedbyCitibanktoCherieCamajo,anewColumbiaMBA?Whatdeterminestheoverallsalarylevelspaidtoworkersinagivenyear?

Macroeconomicsvs.MicroeconomicsMICROECONOMICQUESTIONSMACROECONOMICQUESTIONSWhatdeterminesthecosttoauniversityorcollegeofofferinganewcourse?Whatdeterminestheoveralllevelofpricesintheeconomyasawhole?Whatgovernmentpoliciesshouldbeadoptedtomakeiteasierforestudentstoattendcollege?Whatgovernmentpoliciesshouldbeadoptedtopromotefullemploymentandgrowthintheeconomyasawhole?WhatdetermineswhetherCitibankopensanewofficeinShanghai?Whatdeterminestheoveralltradeingoods,servicesandfinancialassetsbetweentheU.S.andtherestoftheworld?

Macroeconomicsvs.MicroeconomicsMicroeconomicsfocusesonhowdecisionsaremadebyindividualsandfirmsandtheconsequencesofthosedecisions.Example:Howmuchitwouldcostforauniversityorcollegetoofferanewcourse─thecostoftheinstructor’ssalary,theclassroomfacilities,theclassmaterials,andsoon.Havingdeterminedthecost,thescho