'Average price level' diaporamas de présentation

National Income and Price Determination

National Income and Price Determination. Unit Goals: The student will be able to. Understand three keys facts about economic fluctuations Identify the determinants of aggregate demand and aggregate supply.

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American History

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Inflation

Inflation. What Is Inflation?. Inflation is an increase in the average level of prices, not a change in any specific price. The Average Price. The average price is determined by finding the average price of all output. A rise in the average price is called inflation .

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Inflation and Deflation

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MACROECONOMIC EQUILIBRIUM Economics - A Course Companion Blink & Dorton , 2007. p186-200

MACROECONOMIC EQUILIBRIUM Economics - A Course Companion Blink & Dorton , 2007. p186-200. Introduction to Macroeconomic Equilibrium. Remember that national income is equivalent to the national output that a country produces.

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Economics 3-National Income Accounts

Economics 3-National Income Accounts. Gregory Mankiw. Three Macroeconomic Variables. 1. Real GDP- A. It grows overtime. B. It is not steady 2. Inflation Rate- 3. Unemployment rate A . Varies from year to year

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National Income and Price Determination

National Income and Price Determination. Unit Goals: The student will be able to. Understand three keys facts about economic fluctuations Identify the determinants of aggregate demand and aggregate supply.

509 views • 34 slides

Teacher instructions: 1. Print the lesson, 2. Display slide 2 with Procedure step 2 in the lesson.

Teacher instructions: 1. Print the lesson, 2. Display slide 2 with Procedure step 2 in the lesson. 3. Display slides 3 through 6 with Procedure step 5. 4. Display slides 7 and 8 with Procedure step 6.

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Teacher instructions: 1. Print the lesson, 2. Display slide 2 with Procedure step 2 in the lesson.

Teacher instructions: 1. Print the lesson, 2. Display slide 2 with Procedure step 2 in the lesson. 3. Display slides 3 through 6 with Procedure step 5. 4. Display slides 7 and 8 with Procedure step 6.

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Graphing Macroeconomic Problems

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Module 12: Advanced Session on using the RAP

Module 12: Advanced Session on using the RAP. ILO, 2013. Key questions. What is the structure of the ILO RAP model? What are the main sources of historical data and projections? Dealing with POP How to project the population? How to calculate the survivors and newborns?

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The Multiplier Effect

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Calculating GDP

Calculating GDP. Nominal GDP, Real GDP, and the GDP Deflator. There are two ways that GDP can increase:. An increase in the PRICES of goods and services. An increase in the QUANTITY of goods and services. We need a method to calculate GDP that addresses rising prices. Our Simple Economy.

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Classical Economics

Classical Economics. Defined. A body of economic thought originating with the work of Adam Smith based on the idea that the operation of unrestricted markets generates aggregate or national production that fully utilizes the economy's resources and maintains full employment.

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Inflation (Definition & Measurement)

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MONEY AND PRICE

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Aggregate Supply Diagrams

Aggregate Supply Diagrams. Unit 2 Economics Revision. Price Level. LRAS. Rise in aggregate supply causes an expansion along the AD curve. SRAS1. SRAS2. AD = C+I+G+X-M. Real National Output (Y). Ye. Y1. Y2. LRAS. Average Price Level. SRAS2. SRAS1.

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March 28, 2014

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