Macro - Macroeconomics
=>
Professor: Prof. Dr. Dina Dreisbach
Exercise
Email:1:
Welfare Indicators & Data Analysis
• Of
Context: You areRing
ce: Lübecker given a table
2, 59494 for,Raum
Soest a speci c country listing In ation Rate , Unemployment Rate, and
04.108
Output Gap (Y - Y^*) for several years.
1. Calculate the misery index and social loss, knowing that alpha= beta = 0.5
2. Professor:
Explain theMs.difference between
Marselline Atenya this two measures and draw an illustration....
3. Email:
Give another welfare indicator from the lecture
Of ce: Lübecker Ring 2, 59494 Soest ,Raum 04.106
Exercise 2: Fiscal Policy & The 4-Quadrant Scheme
• There was a text and depending on the text we understand what's the "I" investment and "G"
governmentMr.
Professor: expenditure and then it ask you to explain what happens in certain scenarios...
Oleksandr Prokhorov
Email:
Exercise 3: Theory, True/False with explanation
• Of ce: Lübecker
Question Ringthe
A : about 2, 59494
threeSoest ,Raum of
functions 04.112
money.
• Question B : the targets of Macroeconomics
Planning
• Question C : (The Multiplier - "Preservation"): True or False: "If the propensity to save ('preservation')
increases, the multiplier effect increases."
• Question D : (Cobweb Model): Explain the Cobweb Theory..
Assignment Course’s Overview
• Question E : something about the Prime Rate... I don't remember that
Exam Notes
1st Period
3 Questions:
Chapter 2: The Uneasy Quadrangle, explain each key of factor including graphing
Chapter 3.2 : Macroeconomics Financing Statistics. Memorize each formulas
Case study Sheet 4, Task 1
Chapter 8: Cobweb (Case study Sheet 6, Task 3)
Chapter 7: ECB Monetary and Fiscal Policy
Chapter 1 - Introduction to Macroeconomics
Macroeconomics vs. Microeconomics
Macroeconomics deals with the entire economy, viewing all economic actions as one.
Microeconomics focuses on individual markets and decisions at the consumer and corporate levels.
Roles of Macroeconomists -> ra thi: explain each point
Analyze Market Phenomena: Study principles behind economic trends such as:
Macro - Macroeconomics 1
fi fl
, Fluctuating prices of goods and services
In ation and its causes
Unemployment rate and labor market trends
International growth rates and economic differences between countries
Address Market Failures: Act as "Doctors for economies" by:
Determining when policymakers should intervene in the economy
Designing policy frameworks to stabilize and guide economic performance
Steady and Appropriate Growth -> ra thi:
Focuses on increasing wealth while maintaining labor market stability.
Real GDP: Measures a country's total economic output adjusted for in ation, showing true production
growth rather than price changes.
Chapter 2 - Macroeconomic Targets
The Uneasy Quadrangle: Describes the dif culty in achieving four key economic goals simultaneously:
1. Steady and Appropriate Growth: Aim for consistent, sustainable economic growth without extreme
uctuations in GDP.
2. Full Employment: Strive to reduce unemployment, ensuring that most people seeking work can nd
jobs.
3. Stable Price Level: Maintain low and stable in ation to protect purchasing power and economic
stability.
-> ra thi: giải thích 4 main point
Macro - Macroeconomics 2
, 4. Foreign Trade Equilibrium: Achieve a balance between exports and imports, avoiding large trade
de cits or surpluses.
Steady and Appropriate Growth
Target: Enhance wealth of people, avoid big changes in growth rate due to their strong impact on labor
market
Real Domestic Product (Real GDP): Measures the total monetary value of all nished goods and services
produced within a country's borders over a speci c time period, adjusted for in ation
GDP represents the economic output of a country, including all goods and services produced
"Real": Adjusted for in ation to re ect true increase in production, excluding price level changes
Business Cycles are regular uctuations in an economy's activity, measured by changes in Real GDP over
Time. They have phases such as expansion (growth), peak (highest point), recession (decline), and trough
(lowest point).
Keynesian Economics: Argues that major disruptions may require intervention for economic recovery.
Growth Theory: Examines development through key factors (capital, technology, labor) and promotes
sustained growth via education, R&D, infrastructure, and regulatory reforms.
Classical Growth Theory
Key Contributors: Adam Smith, David Ricardo, and Robert Malthus.
Main Drivers of Growth:
Division of Labor: Specialization increases productivity and ef ciency.
Gain from Trade: Trade allows countries to bene t from each other's resources and capabilities.
Macro - Macroeconomics 3
=>
Professor: Prof. Dr. Dina Dreisbach
Exercise
Email:1:
Welfare Indicators & Data Analysis
• Of
Context: You areRing
ce: Lübecker given a table
2, 59494 for,Raum
Soest a speci c country listing In ation Rate , Unemployment Rate, and
04.108
Output Gap (Y - Y^*) for several years.
1. Calculate the misery index and social loss, knowing that alpha= beta = 0.5
2. Professor:
Explain theMs.difference between
Marselline Atenya this two measures and draw an illustration....
3. Email:
Give another welfare indicator from the lecture
Of ce: Lübecker Ring 2, 59494 Soest ,Raum 04.106
Exercise 2: Fiscal Policy & The 4-Quadrant Scheme
• There was a text and depending on the text we understand what's the "I" investment and "G"
governmentMr.
Professor: expenditure and then it ask you to explain what happens in certain scenarios...
Oleksandr Prokhorov
Email:
Exercise 3: Theory, True/False with explanation
• Of ce: Lübecker
Question Ringthe
A : about 2, 59494
threeSoest ,Raum of
functions 04.112
money.
• Question B : the targets of Macroeconomics
Planning
• Question C : (The Multiplier - "Preservation"): True or False: "If the propensity to save ('preservation')
increases, the multiplier effect increases."
• Question D : (Cobweb Model): Explain the Cobweb Theory..
Assignment Course’s Overview
• Question E : something about the Prime Rate... I don't remember that
Exam Notes
1st Period
3 Questions:
Chapter 2: The Uneasy Quadrangle, explain each key of factor including graphing
Chapter 3.2 : Macroeconomics Financing Statistics. Memorize each formulas
Case study Sheet 4, Task 1
Chapter 8: Cobweb (Case study Sheet 6, Task 3)
Chapter 7: ECB Monetary and Fiscal Policy
Chapter 1 - Introduction to Macroeconomics
Macroeconomics vs. Microeconomics
Macroeconomics deals with the entire economy, viewing all economic actions as one.
Microeconomics focuses on individual markets and decisions at the consumer and corporate levels.
Roles of Macroeconomists -> ra thi: explain each point
Analyze Market Phenomena: Study principles behind economic trends such as:
Macro - Macroeconomics 1
fi fl
, Fluctuating prices of goods and services
In ation and its causes
Unemployment rate and labor market trends
International growth rates and economic differences between countries
Address Market Failures: Act as "Doctors for economies" by:
Determining when policymakers should intervene in the economy
Designing policy frameworks to stabilize and guide economic performance
Steady and Appropriate Growth -> ra thi:
Focuses on increasing wealth while maintaining labor market stability.
Real GDP: Measures a country's total economic output adjusted for in ation, showing true production
growth rather than price changes.
Chapter 2 - Macroeconomic Targets
The Uneasy Quadrangle: Describes the dif culty in achieving four key economic goals simultaneously:
1. Steady and Appropriate Growth: Aim for consistent, sustainable economic growth without extreme
uctuations in GDP.
2. Full Employment: Strive to reduce unemployment, ensuring that most people seeking work can nd
jobs.
3. Stable Price Level: Maintain low and stable in ation to protect purchasing power and economic
stability.
-> ra thi: giải thích 4 main point
Macro - Macroeconomics 2
, 4. Foreign Trade Equilibrium: Achieve a balance between exports and imports, avoiding large trade
de cits or surpluses.
Steady and Appropriate Growth
Target: Enhance wealth of people, avoid big changes in growth rate due to their strong impact on labor
market
Real Domestic Product (Real GDP): Measures the total monetary value of all nished goods and services
produced within a country's borders over a speci c time period, adjusted for in ation
GDP represents the economic output of a country, including all goods and services produced
"Real": Adjusted for in ation to re ect true increase in production, excluding price level changes
Business Cycles are regular uctuations in an economy's activity, measured by changes in Real GDP over
Time. They have phases such as expansion (growth), peak (highest point), recession (decline), and trough
(lowest point).
Keynesian Economics: Argues that major disruptions may require intervention for economic recovery.
Growth Theory: Examines development through key factors (capital, technology, labor) and promotes
sustained growth via education, R&D, infrastructure, and regulatory reforms.
Classical Growth Theory
Key Contributors: Adam Smith, David Ricardo, and Robert Malthus.
Main Drivers of Growth:
Division of Labor: Specialization increases productivity and ef ciency.
Gain from Trade: Trade allows countries to bene t from each other's resources and capabilities.
Macro - Macroeconomics 3
