Syllabus 3.1
Marcoeconomic Basics
Research Sites:
What is GDP?
Nominal versus Real GDP
GDP and Standard of Living
Macroeconomic Goals (MJM 20)
AS + AD (MJM 24)
GDP and GNP
What is Macroeconomics?
Economic Models
Micro versus Macro
Macro Circular Flow of Income
Welker: Measuring GDP
The Big Mac Index 
MJM: GDP
MJM: Real GDP
Moniac: how an economy does not work
Dictionary:

3.1 Macroeconomic Activity

  1. GDP (real)
  2. business cycle
  3. circular flow of income​
  4. expenditure flow
  5. GDP deflator
  6. ‘green’ GDP
  7. growth
  8. income
  9. injection
  10. LDC
  11. Leakage
  12. macroeconomic model
  13. macroeconomics
  14. MDC
  15. national Income
  16. national income statistics
  17. per capita income
  18. real national income/output
  19. wealth
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