Lectures
Week 1
Erasmus Universiteit ยท Int. Economics and Business Economics
Y1 - MacroeconomicsInhoud
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- Week 1:
- L1: Introduction and Macroeconomic Accounts
- Measuring the economy:
- Long run vs short run:
- How do we measure growth?
- Short run: booms and recessions
- Macroeconomic accounts:
- Expenditure side vs production side:
- Limitations of GDP:
- Transactions with the rest of the world:
- Current Account:
- Financial Account:
- L2: Fundamentals of Economic growth
- Steady state:
- Solow model:
- Capital Accumulation:
- Savings, investment and capital accumulation:
- Depreciation:
- L3: Fundamentals of economic growth
- Solow model:
- Golden rule:
- Population growth:
- Convergence hypothesis:
- Augmenting the Solow Model:
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