
Missouri State University - Principles of Macroeconomics: L13 - Three Economic Measures 2
Continue discussing the things that saaw the last time. Talk about the inflation rate, the real income, labor force, participation rate.
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Continue discussing the things that saaw the last time. Talk about the inflation rate, the real income, labor force, participation rate.
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Continue the discussion of the three economics concepts. Then continue with the unemployment, types of unemplyment (frictional, structural, cyclical), the mysery index or discomfo…
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Continue the discussion of the topic, but in this lecture focus in the concept "grows domestic product"
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Talk about the model of the economy that have two sectors: the house hold sector and the business sector. The real gross domestic product, how GDP is measured
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Continue talking about Gross domestic product/Gross private domestic invesment
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Continue talking about two ways of measure domestic product (expenditure approach and the income approach)
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Continue discussing about how distinguish nominal and real domestic product
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Saw the main concepts of economy that will be reviewed throughout the semester, the nature of economics analisis, ¿what is economic?, etc.
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Start a new topic "supply aggregate demand"
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Continue the discussion of the aggregate demand courve.to later pass to the aggregate supply coruve.
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Continue talking about aggregate supply courve/ What shifts AS?/ The result of increase in AD results in P and Q
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Review the sheet run aggregate supply courve. Then start the Long Run Macro Equilibrium.
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