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Macro 3.pdf
- 2. Lecture 2 - Introduction Macroeconomics
- 4. Quiz 1.What contains more valuable information, the quantity or price? 2.Where is the iPhone made?
- 5. Quizmaster 1. Ten Questions 2. Three answers for each question 3. Email to Connor at by 3:00pm cjh425@go.byuh.edu 4. One Extra Point on Exam
- 8. Learning English Access to the world’s knowledge
- 9. What if Steve Jobs had been born in Syria like his father?
- 12. $0 $2 $4 $6 $8 $10 $12 $14 $16 $18 $20 2 4 6 8 10 12 14 16 18 20 Supply Demand
- 16. Magic Machine
- 19. Trade is a Magic Machine
- 21. 1978 China Changed Worldview Deng Xiaoping Mao Zedong 1976 Dies
- 23. GDP Gross Domestic Product The market value of all final goods and services produced in a country in a given time
- 24. GDP How much stuff a country makes
- 25. GDP per Capita GDP per Person Average GDP
- 28. MarketValue One Apple plus One Orange = Three Dollars
- 29. All Everything except... Stuff you don’t sell
- 33. Goods Services
- 34. Produced New Stuff Does not include the sale of used goods
- 35. Within a Country
- 36. In a given period of time Year Y/Y Quarter Q/Q Annualized: Q x 4
- 37. Percentage Change new number - old number old number
- 38. ThisYear - LastYear LastYear ThisYear = 75 LastYear = 60 Percentage Change?
- 39. 75 - 60 60 15 60 .25 or 25%
- 41. GDP = C = Consumption I = Investment G = Government X = Exports M = Imports
- 42. GDP = C + I + G + (X - M)