Definitions
Macroeconomic Definitions
The following files require Adobe Acrobat Reader.
Students are advised to download them, print them out and refer to them continously.
- The Circular Flow
How the parts of the macroeconomy fit together.
Hints:
- Save the PDF file to your hard disk.
- Open it with Acrobat Reader.
- Use the VIEW menu to rotate the slides for easier viewing,
or print it out and rotate the paper.
- Supply and Demand Definitions
- Law of Markets and Equilibrium
- National Income and Product Accounts
National Income, GDP and GNP
- Economic Growth
- Unemployment
- The Cost of Living
Nominal and Real Values, the Consumer Price Index and the GDP Deflator, and Inflation
- Saving and Investment
- Money and Financial Markets
- Inflation
- International Macroeconomics