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1、Macroeconomics1?Abranchofeconomicsdealingwiththeperformance,structure,behavior,anddecisiomakingofaneconomyasawhole,ratherthanindividualmarkets.2.Basicconcepts:/Outputandincome/Unemployment/Inflationanddeflation?3.Itstudiesaggregatedindicatorssuchas:/GDP(grossdomesti
2、cproduct):themarketvalueofallofficiallyrecognizedfinalgoodsandservicesproducedwithinacountryinayear,orothergivenperiodoftime.GDPpercapitaisoftenconsideredanindicatorofacountry'sstandarclofliving./Unemploymentrate:UneniployirLeDtrate=UaemployedwrkersIbt&llaborforce*1
3、00"Unemployedworkers11arcthosewhoarccurrentlynotworkingbutarcwillingandabletoworkforpay,currentlyavailabletowork,andhaveactivelysearchedforwork?丁Priceindexes:1.CPI(Consumerpriceindex):measureschangesinthepricelevelofamarketbasketofconsumergoodsandservicespurchasedby
4、households?GoodslistedintheCPIincludefoodandbeverages,transportation,housing,clothing,medicalcare,recreation,educationandcommunication,andothergoodsandservices?2.PPI(Producerpriceindex):measurestheaveragechangesinpricesreceivedbydomesticproducersfortheiroutput.>Macr
5、oeconomistsdevelopmodelsthatexplaintherelationshipbetweensuchfactorsasnationalincome,output,consumption,unemployment,inflation,savings,investment,internationaltradeandinternationalfinance.>Macroeconomicspolicy:/Monetarypolicy(interestrates)丁Fiscalpolicy(taxstructure
6、andgovernmentspending)?Microeconomics>Abranchofeconomicsthatstudiesthebehaviorofindividualsandsmallimpactingplayersinmakingdecisionsontheallocationoflimitedresources?>Itappliestomarketswheregoodsorservicesareboughtandsold.Microeconomicsexamineshowthesedecisionsandbe
7、haviorsaffectthesupplyanddemandforgoodsandservices,whichdctcnnincsprices,andhowprices,inturn,determinethequantitysuppliedandquantitydemandedofgoodsandservices?>Itstudiesthetopicsasfollows:/Demand,supply,andequilibrium(marketprice):priceisamarketsautomaticregulator./
8、Measurementofelasticities:?Theratioofthepercentagechangeinonevariabletothepercentagechangeinanothervariable,whenthelattervariablehasacausa