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Summary Yale ECON 1116 Introductory Macroeconomics | Complete Study Guide

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2026/2027 Written for academic year
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Course ECON 1116
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Complete ECON 1116 Introductory Macroeconomics study guide covering GDP, economic growth, productivity, unemployment, inflation, aggregate demand and supply, the expenditure model, fiscal policy, money and banking, monetary policy, interest rates, exchange rates, international trade, and economic policy tradeoffs. Includes clear explanations, worked examples, practice questions, formula review, final exam preparation, answer key, and a mastery checklist. This is an independently produced study resource and is not affiliated with or endorsed by Yale University.

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YALE ECON 1116
Introductory Macroeconomics
Complete Study Guide | 2026-2027

Output, unemployment, inflation, growth,
aggregate demand and supply, fiscal policy,
monetary policy, banking, trade, and
exchange rates.

Independent Study Resource
Not affiliated with or endorsed by Yale
University.

,How to Use This Guide
Study each chapter, then answer the practice prompts without looking back. For exams, focus on the causal chain rather
than memorizing isolated statements. Draw a graph when it clarifies the mechanism.

, Table of Contents
1. Macroeconomic Questions and GDP

2. Growth and Productivity

3. Unemployment and the Labor Market

4. Inflation and Price Measurement

5. Short-Run Output Fluctuations

6. Aggregate Demand

7. Aggregate Supply

8. The Expenditure Model and Multiplier

9. Fiscal Policy

10. Money, Banking, and Financial Intermediation

11. Monetary Policy and Interest Rates

12. Open Economy and Exchange Rates

13. Institutions, Growth, and Policy Tradeoffs

14. Comprehensive Review and Exam Strategy

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