暨南大学宏观经济复习整理.docx

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1、OutlineforReviewingMacroeconomics(2012)Hello,deareveryone，Thistermiscomingtotheend・ItismyhonortohavesuchagreatopportunitytolearntheMacroeconomicswithyoutogetherthisterm.Ireallyhavehadagoodtimeandlearnedalotfromyouall.HereistheoutlineforyoutoreviewtheMacroeconomics,1hopeitcanall

2、eviatethepainsthatyouhaveprobablygonethroughthissemesterandhelpyougetagoodgrade・Lookforwardtoseeingsomeofyounextterm.TheStructureofExaminationPaper1、DefinitionofTerms(5x4,20points)2、GapFilling(20x1,20points)3、ShortAnswerQuestions(4x10,40points)4、CalculationQuestions(2x10,20poin

3、ts)OutlineforReviewing1、DefinitionofTermsChapter1MacroeconomicsThestudyofeconomywidephenomenajncludinginflation,unemploymentandeconomicgrowth.Chapter2Grossdomesticproduct(GDP):Thetotalincomeearneddomestically,includingtheincomeearnedbyforeign・ownedfactorsofproduction;thetotalex

4、penditureondomesticallyproducedgoodsandservices.GDPdeflatorameasureoftheoveralllevelofpricesthatshowsthecostofthecurrentlyproducedbasketofgoodsrelativetothecostofthatbasketinabaseyear.Consumerpriceindex(CPI)Ameasureoftheoveralllevelofpricesthatshowsthecostofafixedbasketofconsum

5、ergoodsrelativetothecostofthesamebasketinabaseyear.UnemploymentrateThepercentageofthoseinthelaborforcewhodonothavejobs・Labor-forceparticipationrate:Thepercentageoftheadultpopulationinthelaborforce・Chapter3DisposableincomeIncomeremainingafterthepaymentoftaxes.Marginalpropensityt

6、oconsume(MPC):Theincreaseinconsumptionresultingfromaone-dollarincreaseindisposableincome.RealinterestrateThereturntosavingandthecostofborrowingafteradjustmentforinflation.Chapter4InflationAnincreaseintheoveralllevelofpricesintheeconomy.HyperinflationExtremelyhighinflation.Money

7、Thesetofassetsinaneconomythatpeopleregukirlyusetobuygoodsandservicesfromotherpeople.otherdefinition:ThestockofassetsusedfortransactionsFiatmoneyMoneywithoutintrinsicvaluethatisusedasmoneybecauseofgovernmentdecree・otherdefinition:Moneythatisnotintrinsicallyusefulandisvaluedonlyb

8、ecauseitisusedasmoney・CommoditymoneyMoneythattakesthef