What Is Short-Run Macroeconomics?

Are you struggling to understand some basic concepts and terminology of economics? Are you paying close attention to the new situation in the current economy? If so, then this book is the right choice! With it, you can easily read a 700-900 page thick economics textbook. "Macroeconomic Thinking" helps you quickly master these basic economics! In "Macroeconomic Thinking", the author will organize relevant content and knowledge points according to past teaching experience, and emphasize the key points. The first part is the basics. The second part is long-term analysis. Long-term growth and short-term fluctuations are the focus of macroeconomics research. The third part is the Keynesian principle, which is the basis of most macroeconomic analysis, although many people insist that "I am not a Keynesian." The fourth part is policy analysis, including fiscal policy and monetary policy. The fifth part is inflation and output. The focus is on the factors and consequences of rising prices. An "open" economy refers to an economy where import and export trade exists. Like most textbooks, this book concludes with a discussion of the open economy. "Macroeconomics" is like a long story. You may wish to consider it as a novel. The previous chapter introduces the main characters, the middle chapter begins to describe the activities of the characters, and the later chapters describe the colorful experiences of the characters in detail. ^[1]

Macroeconomic thinking

Part I Basics Chapter 1. Economic Analysis Tools: Introduction to Mathematics and Graphic Economics Macroeconomics Overview Overview of Economic Models Mathematical Tools Drawing Tools Summary Chapter 2 Production Possibility Boundaries, Economic Growth and Trade Revenue Benefits Chapter 3 Demand and Supply Demand and Supply Models Overview of Changes in the Equilibrium of Demand and Supply Chapter 4 Macroeconomic Measurements Some Historical Outputs of Macroeconomics Growth, stagnation, decline, recovery, and other unemployment inflation Partial long-term analysis Chapter 5 What is long-term economic growth?
The Source of the Growth of the Total Production Function The Slowdown and Recovery of Productivity Growth Part III Keynesian Principles Chapter 6 Keynesian Crossovers Unemployment depends on total expenditure Total demand and total expenditure: An important note on the cycle of correlation between output and total demand The flow output is equal to the income. Use the equation to calculate the macroeconomic equilibrium. Keynes's cross diagram. Several calculations. Chapter 7. Total Demand. Four types of expenditure. Overview. Determinants of consumption expenditure. Consumption functions and related concepts. Determinants of investment expenditure. Summary of Determinants Chapter 8 Expenditure Multiplier Process Multiplier Sizes More Complex Multipliers: Introduce Taxes More Complex Multipliers: Introduction to Import Summary Section 4 Policy Analysis Chapter 9 Macroeconomic Policy: Overview Equal to full employment output Fiscal and monetary policies Tightening and expansionary policies Time lags Fiscal and monetary policies during the 2007-2009 economic crisis Chapter 10 Fiscal policy Government spending and tax multiplier Fiscal policy And Automatic Stabilizer Deficit and Liabilities for Government Deficit Financing Chapter 11 Money Creation What is money?
Banks and check clearing banks create money and currency multipliers through lending Chapter 12 Money Markets Money Markets Overview Why the Fed Must Choose Between Currency and Interest Rates Later Tips Chapter 13 Monetary Policy and Interest Rates Monetary Policy Objectives and Tools Interest Rates Monetary Policy and Macroeconomic Inflation and Output: Monetary Quantitative Analysis Rules and Discretionary Creative Monetary Policy during the Economic Crisis 2007-2009 Part V Inflation and Output Chapter 14 Inflation and Output: AS / AD Analysis AS / AD Model Overview of Total Demand, Total Supply, AS / AD Equilibrium Dynamics, AS / AD Model, Chapter 15 Inflation and Output: Monetary Policy Analysis, Comparison of AS / AD Analysis and Monetary Policy Analysis, Fed's Choice: Monetary Supply Target or Interest Rate Target, Fed Choice Fed funds rate as a policy target Interest rate affects aggregate demand Unemployment and inflation tradeoff: Phillips curve Setting interest rate targets: Taylor rules Some goals are easier to achieve than others Summary Section 6 Open Economy Chapter 16 Macro of the Open Economy Economics International trade policy Balance of payments balance Exchange rates Macroeconomics of open economies Vocabulary