Macroeconomic Models. Tutorial Cluster 1. Screenshots

Description

Tutorial Cluster 1 includes tutorials 1 to 3 of Macroeconomic Models.

Tutorial 1 introduces the basic macroeconomic problem of providing a high and growing output of goods and services. It reviews the basic definitions and framework of macroeconomics as established by national accounts and explains important concepts like market equilibrium and endogenous and exogenous variables.

The economys output is generated by the factors of production like labor and capital. Tutorial 2 reviews how the input of labor is determined in the market for labor and how flexible wages, prices and real wages generate market equilibrium (structural employment).

Tutorial 3 reviews how the input of capital is determined in the market for capital and how a flexible real interest rate generates equilibrium between the supply of capital (saving) and the demand for capital (investment). Tutorial 3 also explains how the market for capital is mirrored by the market for loanable funds.

Key topics of Tutorial 1:

The circular flows of goods, services and factors of production.
Real and nominal (monetary) flows.
The allocation of output. The allocation of income.
National accounts identities.
Computing the output of final goods and services.
Computing GDP and GDI.
Real and nominal GDP; the GDP deflator.
Planned and realized values of economic variables.
Markets, market equilibriums and economic activity.

Key topics of Tutorial 2:

Real capital and investment.
Saving as a pre-condition for investment.
Planned saving and the real interest rate.
Planned investment and the real interest rate.
The investment function.
Equilibrium in the market for capital.
The loanable funds market.

Key topics of Tutorial 3:

Nominal and real wages.
The supply of labor and the labor supply curve.
The profit maximizing employment and real wage.
The demand for labor and the labor demand curve.
Labor market equilibrium.
Structural and cyclical employment/unemployment.
The short and the long term defined.


Tutorial Cluster 1 includes 3 out of 15 tutorials in macroeconomic models. The tutorials present macroeconomic models in a fabulous new, innovative and interactive design. The tutorials animated graphics with voice over goes beyond the static texts and graphics of traditional textbooks and e-books and introduce a wholly new and dynamic approach to learning economics.

The tutorials clarity and focused structure supported by case studies and an interactive design facilitates the understanding of macroeconomic models and their application to reality.

Macroeconomic Models lets you review a particular model in about 15 minutes or the main models of most P-of-M courses in less than 4 hours - on your iPad wherever and whenever you wish.

Each of the 15 tutorials includes a glossary of macroeconomic terms and concepts.

More Apps by Didacon Aps
Macroeconomic M..	Macroeconomic M..	Macroeconomic M..	Macroeconomic M..

Comments