Macroeconomics

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This textbook concerns the wonderful world of macroeconomics, or economics on a very large scale, concerning national and international systems. It is primarily aimed at students in their final few years of secondary education, though it could also be used by interested students younger or older than that. Having a background knowledge of economics would be useful, but grasping overall concepts should not require an in depth previous knowledge.

It is worth remembering that this textbook can be edited at any time, with the link at the top of this page. This is both good and bad - you yourself, having spotted a mistake or having noticed a poor definition, can correct it and should feel free to do so. The bad side is that anyone can edit it, so content may be inaccurate while the wikibook is in its infancy!

Contents

Section	Article
Introduction	Macroeconomic Objectives Measuring Economic Activity Macroeconomic Equilibrium Role of Savings and Investment
Macroeconomic Variables	Aggregate Demand Consumption Investment Government Spending Imports-Exports Aggregate Supply Multiplier Process Aggregate Expenditures Expanded Multipliers
Money and Inflation	Effects of Interest Rates on Real GDP Inflation
Economic Policy	Taxation Fiscal Policy Monetary Policy Supply-side Policy Central Banks
Government Intervention	Market Failure Methods of Government Intervention Government Failure
M/Employment and Unemployment/	Definitions of Unemployment Types and Causes of Unemployment Consequences of Unemployment Policies to Reduce Unemployment
International Economics
Alternate Perspectives	Radical Economics
Advanced Topics	Math Review Keynesian Demand-side Economics and Multipliers Optimal Growth Harrod-Johnson Diagram
Glossary of Terms

Proposed change

1. Economics - Introduction to economics
2. Market Economics - Basics of market economics, resources, and production possibilities
3. Supply and Demand - Supply and Demand for single products
4. Measuring Domestic Output - Gross Domestic Product and other indicators
5. Open Economies - International trade
6. Business Cycle - Basics of unemployment, inflation, and economic growth
7. Aggregate Expenditures - Consumption, Investment, Government spending, and Exports
8. Aggregate Supply and Demand - Basics of how an entire economy functions
9. Fiscal Policy
10. Money - How money is created and why it works
11. Monetary Policy
12. Government Finances

Advanced topics

1. Math Review
2. Keynesian Demand-side Economics and Multipliers
3. Optimal Growth
4. Harrod-Johnson Diagram

Useful background reading

The following links will lead you to Wikipedia, the online encyclopedia similar in style to this site. The information in these articles may go above and beyond that which you need to know for this book, though they will undoubtedly prove useful to refer back to from time to time, and are good portals to more relevant articles.

• Economics
• Supply and Demand
• List of economists
• List of economics topics
• Category:Economics

External links

The following links take you to useful websites for learning, revising or expanding your knowledge:

• Aplia - homework and assessment software for economics students
• Economics at About.com
• New Economics Foundation - encourage sustainable economic growth, and consider sustainable economic welfare
• s-cool - basic notes and a little outdated now
• Online learning materials in Economics catalogued by the UK's national Economics Network at the University of Bristol

For contributors

Any and all corrections, additions, alterations etc. are always welcome! If you wish some credit for your work, stick your name below :

Name	Contribution	Evgeniy Chernyshov	Inflation, Fiscal Policy, Monetary Policy