These ECON1002 notes are completed using the textbook, all the lectures and some readings. They cover the whole semester. Clearly written notes are tabulated for easy understanding and following with concepts. Included topics are:
- Introduction to Macroeconomics
- Measuring macroeconomic performance: output, the price level, savings, investment and wealth, wages, employment and the labour market
- An introduction to short-term economic fluctuations
- Macroeconomics in the short-run: the basic Keynesian model
- Fiscal policy
- Money, prices and the Reserve Bank, monetary policy and the economy
- Aggregate demand and aggregate supply
- Macroeconomic policy
- The introduction to economic growth
- The production function approach to growth
- Savings, capital formation and growth
- The convergence hypothesis and empirical evidence
- Exchange rates and the open economy
- Exchange rates and the equilibrium fixed exchange rates
- The balance of payments
- Some global macroeconomic issues
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