Ch 09.1 Intro Macroeconomy 9.1-9.3 Circular Flow
Автор: EconSteps
Загружено: 2025-10-03
Просмотров: 42
This short lecture introduces the circular flow of income and the core concepts of macroeconomics. You’ll learn how households, firms, banks, government and foreign trade interact, what injections and leakages are, and how GDP is measured using the formular Y = C + I + G + X.
Before class: please read Chapter 9 of Economics for Business (6th ed.) and check current aggregate data from your national statistics office or international sources (e.g., IMF). See you in class — be prepared to discuss recent data and the business cycle.
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Timestamps:
0:00 Intro
01:17 Course & book
03:08 Macroeconomic targets
05:14 Business cycle & data
08:00 Circular flow
12:43 Real vs monetary flows
16:22 Injections & leakages
18:16 Financial intermediaries (banks)
22:11 Government
24:22 Open economy / trade
25:48 GDP identity (Y = C + I + G + X)
27:26 Wrap-up
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