TAILIEUCHUNG - Lecture Macroeconomics: Lecture 14 - Prof. Dr.Qaisar Abbas

Lecture 14 - Introduction to economic fluctuations. The main contents of the chapter consist of the following: difference between short run & long run, introduction to aggregate demand, aggregate supply in the short run & long run. | Review of the previous lecture Exchange rates nominal: the price of a country’s currency in terms of another country’s currency real: the price of a country’s goods in terms of another country’s goods. The real exchange rate equals the nominal rate times the ratio of prices of the two countries. How the real exchange rate is determined NX depends negatively on the real exchange rate, other things equal The real exchange rate adjusts to equate NX with net capital outflow How the nominal exchange rate is determined e equals the real exchange rate times the country’s price level relative to the foreign price level. For a given value of the real exchange rate, the percentage change in the nominal exchange rate equals the difference between the foreign & domestic inflation rates. Lecture 14 Introduction to Economic Fluctuations Instructor: Prof. Dr. Qaisar Abbas Lecture Contents difference between short run & long run introduction to aggregate demand aggregate supply in the short run & .

• Kinh tế học
• Lecture Macroeconomics
• Principles of microeconomics
• Economic models
• Science of macroeconomics
• Tools of microeconomics
• Microeconomic transactions
• Economic fluctuations
• Bài giảng Kinh tế vĩ mô
• Kinh tế vĩ mô
• Data of macroeconomics
• Unemployment rate
• Inflation rate
• Natural rate of unemployment
• Consumer price index
• National income
• Agriculture sector
• Agricultural policies
• Macroeconomic policy
• Business cycle theory