Table of Contents: Macroeconomic theory and policy

Table of Contents:

Introduction to Macroeconomics actual and potential GNP: fluctuations and growth National income and product accounts Income determination: the multiplier National income determination: the static equilibrium model Demand side equilibrium: income and interest rate Monetary and fiscal policy Supply side equilibrium: output and price level Search, wage rigidity, and unemployment Sectoral demand functions and extensions of the static model Consumption and consumer expenditure Investment demand Demand for money Supply of Money Extended model Foreign sector and balance of payments Medium term dynamics: between static equilibrium and long-run growth Inflation, productivity and income distribution inflation and unemployment in the 1970's Stock- adjustment dynamics Trend growth in the static model Long run growth with full employment Growth models Basic neoclassical growth model Basic model extended: varying saving assumptions Golden rule and introduction to optimal growth models Medium-term growth and " the measure of our ignorance"