解密珍珠港事件真相.ppt

Chapter 20Overview of Macroeconomics
黄新飞
International Business School, Sun-Yat sen University
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课题思考
什么是宏观经济学?你眼中的宏观经济是什么?
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Case 1 : . Real GDP, 1929-1994
1930
1990
5,000
Year
Real GDP (billions of dollars, 1987 prices)
The Great Depression
World War II
Postwar demobilization
Vietnam War
First oil shock
Tight Money
Supply-side tax cuts
Jobless Recovery
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Case 2:The North of the Border
Value of Yen falls relative to dollar
FEDERAL RESERVE
A fall in consumer confidence
Federal Reserve Bank raises interest rates
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Case 3 Economic Growth
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Key Concepts of Macroeconomics
Macroeconomics is the study of the behavior of the economy as a whole. It examines the overall level of a nation’s output, employment and prices
Microeconomics studies individual prices, quantities and markets
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The Relation of Microeconomics and Macroeconomics
microeconomic foundation of macroeconomic
Different:
Overall economy and individual behavior
In condition of full employment
fallacy position and fallacy of
position
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The Birth of Macroeconomics
Dates back to the late 1700s.
Rooted in the laissez faire writings of Adam Smith, David Ricardo, and Jean Baptiste Say.
Classical Economics(古典经济学)
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The Classical Economists Meet the Great Depression(经济大萧条)
The stock market crashes in 1929.
Gross Domestic Product fell by almost a third between 1929 and 1933.
25% of the work force was unemployed.
Business investment fell from about $16 billion in 1929 to $1 billion by 1933.
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