Introduction to Macroeconomics for Universities and Business
About this course
GDP measuring techniques, Good, Money, Phillips Curve, and Labor Market. Other than these things I can develop topics on student demand. In these topics all things will cover in detail like all techniques of measuring the GDP, the full topic of Good Market (Investment and saving curves), Full knowledge of money market (LM), and aggregate demand. You will learn about a Circular flow diagram that will show you how the market actually works. the market works in a circle such as a buyer working in the market and earning money and spending that money for the sake of purchasing. A company buys labor and pays wages and makes a profit. You will learn about the Nominal vs real gdp, such as nominal GDP works with current prices and real GDP with base prices. on the other side, the components of the GDP are very important such as consumption, investment, and many other components. Good Market: You will learn about the good market which deals with IS curve such as the relationship between investment and saving with interest rate. Money Market: the money market is based on money demand and supply that makes the LM curve. the LM curve is showing the positive relationship between interest rate and productivity. the interest rate has a positive relationship with Money supply and a negative with money demand.
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What you'll learn
- understand the techniques for measuring GDP
- explain the components of GDP such as consumption and investment
- distinguish between nominal and real GDP
- analyze the relationships in the money market and the labor market
- interpret the circular flow diagram of the economy
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