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Eco 242
Macroeconomic Theory and Policy

Eshragh Motahar
Winter 2019

Office Hours:  Tuesdays and Thursdays 4:00-5:00, and by appointment.  Telephone:  388-6065.  E-mail:  motahare@union.edu

The Short Run:  the Goods Market
• The Composition of GDP

-Consumption, C
-Investment, I
-Government purchases, G (versus government transfers)
-Net Exports, X - IM

• The Demand for Goods

• The Determination of Equilibrium Output

 

  Check the summary and key terms at the end of each chapter. Also, do the problems and questions at the end of each chapter.
 

Reading Assignment

Textbook and MyEconLab: Chapter 3.  Please note that ALL of the material in this chapter (including boxes, sidebars, summary, key terms, questions and problems, etc.) is required.

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