Macroeconomics by O'Blanchard

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Macroeconomics by O.Blanchard

• CHAPTER 1 A Tour of the World

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Learning objectives

• This chapter introduces you to the issues
  macroeconomists study.
• The USA
• Europe

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What is Macroeconomics?

• A global definition
• Explanations and Policy prescriptions
• Macroeconomics Microeconomics Economics
• The study of macroeconomic variables

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Important issues in macroeconomics

• 3 major indicators of economic performance
• - GDP and Growth
• - Unemployment rate
• - Inflation rate

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Recent data in the USA
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Recent Data in the EU