Economic Sum

ECON A232F Introduction to Macroeconomics
Course Summary

Macroeconomics
Macroeconomics Data

Money and Prices in Long step on it Real Economy in Long spend

Short phlebotomize Economic Fluctuation

Nations Income

assailable Economies Macroeconomics

Cost of Living

output signal And suppuration Saving, Investment, Financial System

Monetary System
Open-Economy Macroeconomics Basic concepts

AD-AS Model

Money Growth And Inflation

Monetary Policy And Fiscal Policy SR trade-off between Inflation and Unemployment

Unemployment and its natural rate

Open-Economy Macroeconomics Theory

Net Income from Abroad (NIA) = gross national product (Nationality) - gross domestic product (Domestic)

Excluded Items 1) No Market value 2) Illegal Activities Open Economy (With External Trade)

Compare Nations Output

Standard

GDP

=C

+I

+G

+(X M)

Nominal GDP

Real GDP

disagreeable Economy (No External Trade)
Excluded Transfer Payment (No production)

Measured GDP at CURRENT market price

Measured GDP at CONSTANT market price (No price Effect)

Net exporting = Domestic Export + Re-export - Import

Exercise
If the property developers insisted on demolishing the Hunghom Peninsula kingdom and rebuilt luxury residential units on the same site, what would happen to Hong Kongs GDP?



(4 marks)

Exercise Answer
If the property developers insisted on demolishing the Hunghom Peninsula commonwealth and rebuilt luxury residential units on the same site, what would happen to Hong Kongs GDP? (4 marks) Answer: If the property developers insisted on demolishing the Hunghom Peninsula ground and rebuilt luxury residential units on the same site, investment would increase, which in turn raised Hong Kongs GDP.

* Cost of Living *
why do we need to know this? How to MEASURE the cost of aliveness? Computation

Consumer Price Index

GDP Deflator

Formula

Applications

Macroeconomics
Macroeconomics Data

Money and Prices in Long pass on Real Economy in Long Run

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