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1、ILPIPMembersCourseManualCourseManualCourseManualEconomicsEconomicsEconomicsCopyright©200Copyright©2008Copyright©200888,,,,AZEKAZEKAZEK/ILPIPAZEK/ILPIP/ILPIP,Geneva/ILPIP,Geneva,Geneva(,Geneva(((Switzerland)Switzerland)Switzerland)Switzerland)ECONOMICSCOURSEMANUALCopyright©2008,AZEK/
2、ILPIPECONOMICSCopyrightÓ2008,AZEK/ILPIPAllrightsreserved.Nopartofthispublicationmaybereproduced,storedinaretrievalsystem,ortransmitted,inanyformorbyanymeans,electronic,mechanical,photocopying,recording,orotherwise,withoutthepriorwrittenpermissionofAZEK/ILPIP.1.)Macroeconomics:theBas
3、ics2.)MacroeconomicDynamics3.)Open-EconomyMacroeconomics:theBalanceofPaymentsandtheExchangeRate4.)MonetaryPolicy5.)Exercises:Questions6.)Exercises:SolutionsECONOMICSChapter1MACROECONOMICS:THEBASICSCopyright©2008,AZEK/ILPIPECONOMICSCopyrightÓ2008,AZEK/ILPIPAllrightsreserved.Nopartoft
4、hispublicationmaybereproduced,storedinaretrievalsystem,ortransmitted,inanyformorbyanymeans,electronic,mechanical,photocopying,recording,orotherwise,withoutthepriorwrittenpermissionofAZEK/ILPIP.Tableofcontents1.Macroeconomics:Thebasics11.1Majormacroeconomicconceptsandvariables.......
5、.........................................................................11.1.1Nationalincomeaccounting:GDPandGNP....................................................................................11.1.2Inflation.......................................................................
6、......................................................................81.1.3Interestrates....................................................................................................................................11Appendix:SomeUSmacroeconomicseries..........................
7、.......................................................................131.2Thebasicmodeloftherealmarketinaclosedeconomy..............................................................161.2.1Thedeterminationofdemand......................................................................
8、...................
