• Chapter 36: International Financial PolicyChapter 36: International Financial Policy

    Chapter Goals Summarize the balance of payments accounts and explain the relationship between the current account and the financial and capital account Explain how exchange rates are determined and how government can influence them Discuss the problem of determining the appropriate exchange rate Differentiate various exchange rate regimes and d...

    pptx17 trang | Chia sẻ: thanhlam12 | Ngày: 12/02/2019 | Lượt xem: 661 | Lượt tải: 0

  • Chapter 35: Inflation, Deflation, and Macro PolicyChapter 35: Inflation, Deflation, and Macro Policy

    Chapter Goals Discuss the definitions and measures of inflation and some of their problems Discuss the distributional effects and costs of inflation Summarize the inflation process and the quantity theory of money Define the Phillips curve relationship between inflation and unemployment

    pptx16 trang | Chia sẻ: thanhlam12 | Ngày: 12/02/2019 | Lượt xem: 734 | Lượt tải: 0

  • Chapter 34: Jobs and UnemploymentChapter 34: Jobs and Unemployment

    Chapter Goals State how the unemployment rate is measured and describe the debate about that measure Explain Okun’s rule of thumb and summarize the debate about the appropriate target rate of unemployment Explain why unemployment is more than a technical concept but one that involves normative judgments Discuss the advantages of, and problems w...

    pptx14 trang | Chia sẻ: thanhlam12 | Ngày: 12/02/2019 | Lượt xem: 772 | Lượt tải: 0

  • Chapter 33: The Fiscal Policy DilemmaChapter 33: The Fiscal Policy Dilemma

    Chapter Goals Summarize the Classical view of sound finance Summarize the Keynesian view of functional finance List six assumptions of the AS/AD model that lead to potential problems with the use of fiscal policy Explain how automatic stabilizers work

    pptx17 trang | Chia sẻ: thanhlam12 | Ngày: 12/02/2019 | Lượt xem: 770 | Lượt tải: 0

  • Chapter 32: Deficits and DebtChapter 32: Deficits and Debt

    Chapter Goals Define the terms deficit, surplus, and debt and distinguish between a cyclical deficit and a structural deficit Differentiate between real and nominal deficits and surpluses Explain why the debt needs to be judged relative to assets Describe the historical record for the U.S. deficit and debt

    pptx15 trang | Chia sẻ: thanhlam12 | Ngày: 12/02/2019 | Lượt xem: 641 | Lượt tải: 0

  • Chapter 31: Financial Crises, Panics, and Unconventional Monetary PolicyChapter 31: Financial Crises, Panics, and Unconventional Monetary Policy

    Chapter Goals Explain why financial crises are dangerous and why most economists see a role for the central bank as a lender of last resort Explain the role of leverage and herding in financial bubbles and how central bank policy can contribute to a financial bubble Explain why regulating the financial sector and preventing financial crises is s...

    pptx15 trang | Chia sẻ: thanhlam12 | Ngày: 12/02/2019 | Lượt xem: 568 | Lượt tải: 0

  • Chapter 30: Monetary PolicyChapter 30: Monetary Policy

    Chapter Goals Explain how monetary policy works in the AS/AD model in both the traditional and structural stagnation models Discuss how monetary policy works in practice Discuss the tools of conventional monetary policy Discuss the complex nature of monetary policy and the importance of central bank credibility

    pptx17 trang | Chia sẻ: thanhlam12 | Ngày: 12/02/2019 | Lượt xem: 701 | Lượt tải: 0

  • Chapter29: The Financial Sector and the EconomyChapter29: The Financial Sector and the Economy

    Chapter Goals Discuss the functions and measures of money Define banks and explain how they create money Explain why the financial sector is so important to macroeconomic debates Explain the role of interest rates in an economy

    pptx16 trang | Chia sẻ: thanhlam12 | Ngày: 12/02/2019 | Lượt xem: 682 | Lượt tải: 0

  • Chapter 28: The Structural Stagnation Policy DilemmaChapter 28: The Structural Stagnation Policy Dilemma

    Chapter Goals Differentiate a structural stagnation from a standard recession Demonstrate in the AS/AD model how globalization can mask inflationary pressures caused by expansionary policies Explain the role of globalization and the financial bubble in creating a structural stagnation problem Outline the policy choices that policy makers have t...

    pptx16 trang | Chia sẻ: thanhlam12 | Ngày: 12/02/2019 | Lượt xem: 667 | Lượt tải: 0

  • Chapter 27: The Classical Long-Run Policy Model: Growth and Supply-Side PoliciesChapter 27: The Classical Long-Run Policy Model: Growth and Supply-Side Policies

    Chapter Goals Define growth, list its benefits and costs, and relate it to living standards Discuss the relationship among markets, specialization, and growth List five important sources of growth Explain how the sources of growth can be turned into growth

    pptx16 trang | Chia sẻ: thanhlam12 | Ngày: 12/02/2019 | Lượt xem: 640 | Lượt tải: 0