EC 202 Lecture Notes - Lecture 1: Microsoft Powerpoint, Federal Funds Rate
Document Summary
Graphs shown in these notes were those shown in class by the instructor (john goddeeris). Highlighted key terms are definitions provided by the textbook. (n. gregory mankiw, brief principles of macroeconomics, What is a social science: social: people and how they interact, science: develop theories w/ testable predictions, test them against data. People who systematically and purposefully do the best they can to achieve their objectives. so in other words, rational people are people that do the best they can to achieve their goals with what resources they have. What is macroeconomics: macro means large. so macroeconomics means the study of the economy as a whole. Such as: the size of the economy; how fast the economy growing; how to improve economic performance; etc: macro questions are the most important in economics. This information is the part of economics that is heavily talked about in the news. All graphs below are information about the united states:
