代做Intermediate Macro 代做留学生SQL 程序

Intermediate Macro

Things to Know

Tracking the Economy’s Moves in the Aggregate

· What GDP measures and what it doesn’t (big picture)

· The differences between various price measures

· How employment relates to unemployment

· An appreciation of unemployment: who, how long, why.

· If I give you stats for an economy over a few years, can you describe what has been going on.

What Determines GDP:

· The components of aggregate demand

· What determines consumption

· The marginal propensity to consume.

· The multiplier

· Circular flow of income in the economy: leakages and additions

IS/MP

· What is on the axes in IS/MP?

· What explains the slope of the IS curve?

· How come every point on the IS curve is an equilibrium point in IS/MP?

· How do exogenous shocks shift the IS line?

· How banks work; fractional reserve system

· What is an interest rate?

· What does the MP curve describe?

· Know how shifts in the IS/MP come about
AD/AS Model

· What is on the axes in AD/AS?

· What explains the slope of the SRAS curve? The LRAS curve

· How do exogenous shocks shift the AD line?

· How does the short-run merge into the long run?

Fiscal Policy:

· What are the two forms of fiscal policy?

· Why is fiscal policy used?

· How does a change in taxes or government spending show up in the two models we have studied in class?

· What is the result of an expansionary fiscal policy on GDP and prices? Short run and long run.

· What is the result of a contractionary fiscal policy on GDP and prices? Short run and long run.

· What is the downside to expansionary fiscal policy?

· Crowding out

· Ricardian equivalence

Monetary Policy:

· Basic info on the Fed

· Define money and the various definitions of money

· The FOMC: How is policy made?

· Policy lags and the problems they cause

· Open market operations

· How do changes in interest rates affect GDP and prices?

· The neutrality of money

· The quantity theory of money

Determinants of Economic Growth:

· Trends in US labor productivity

· The effect of technological change on an economy’s growth rate short run and long run

· Do technological advances lead to higher unemployment?

· Romer’s new growth theory

· Solow model

Open Economy Model

· Exchange rate quotations

· Purchasing power parity as a viable long-run model of exchange rate determination

· Interest rate parity as the determinant of spot exchange rates in the short run.

· The impact of increased inflation on a country’s exchange rate.

· Arbitrage and international capital flows in the int’l capital markets

· Real exchange rates, the Big Mac Index