Dit document is een formularium van macro-economie. Het bevat alle formules van de verschillende hoofdstukken die gekend moeten zijn. Het bevat ook de belangrijkste grafieken.
1
Bron: Vanneste, J. (2022-2023). Alles is gebaseerd op de powerpoints gepubliceerd op Blackboard door
professor Jacques Vanneste in het schooljaar 2022-2023.
,Introductie
H1 : a tour of the world
H2 : a tour of the book
Short run
H3 : the goods market
H4 : financial markets I
H5 : goods and financial markets – the IS-LM model
H6 : financial markets II – the extended IS-LM model
Medium run
H7 : the labour market
H8 : the philips curve, the natural unemployment and inflation
H9 : from short to medium run – the IS-LM-PC model
H10 : the covid economic crisis
Long run
H11 : the facts of growth
H12 : saving, capital accumulation and output
H13 : technological progress and growth
H14 : the challenges of growth
Open economy
H18 : openness in goods and financial markets
H19 : the goods market in an open economy
H20 : output, the interest rate and exchange rate
H21 : exchange rate regimes
Back to policy
H22 : should policy makers me restrained
H23 : fiscal policy
H24 : monetary policy
, H1 : A tour of the world
H2 : A tour of the book
• GDP growth rates
ð Quarter on quarter growth:
"#$! %"#$!"# "#$!
∆GDP! = "#$!"#
= "#$!"#
−1
ð Year on year growth:
"#$! %"#$!"$ "#$!
∆GDP! = "#$!"$
= "#$!"$
−1
ð Annualised QoQ growth:
GDP! '
∆GDP! = ( ) −1
GDP!%&
• Unemployment rate
L = N + U
labor force = employment + unemployment
U
u=
L
unemployment rate = unemployment / labor force
• GDP deflator
Nominal GDP! $Y!
P! = =
Real GDP! Y!
• The rate of change of the GDP deflator (= the rate of inflation)
𝜋( = (𝑃( − 𝑃(%& )/𝑃(%&
, H3: The goods market
• Vraag naar goederen
𝑍 ≡ 𝐶 + 𝐼 + 𝐺 + 𝑋 − 𝐼𝑀
• Vraag naar goederen in gesloten economie
𝑍 ≡ 𝐶 + 𝐼 + 𝐺
• Consumptiefunctie
C = C(𝑌#)
(+)
𝐶 = 𝑐) + 𝑐& 𝑌#
ð c1 = propensity to consume
ð c0 = what people would consume if Yd=0
• Beschikbaar inkomen
𝑌* ≡ 𝑌 − 𝑇
ð Y is inkomen
ð T is belastingen min overheidsuitgaven
• Nieuwe consumptiefunctie
𝐶 = 𝑐) + 𝑐& (𝑌 − 𝑇 )
• Nieuwe vraagfunctie
Z = 𝑐) + c& (𝑌 − 𝑇 ) + 𝐼 + 𝐺
• Evenwicht in goederenmarkt
𝑌 = 𝑍
𝑌 = 𝑐) + 𝑐& (𝑌 − 𝑇) + 𝐼 + 𝐺
Y = vraag = inkomen = productie
• Y afzonderen in evenwicht
𝑌 = 𝑐) + 𝑐& 𝑌 − 𝑐& 𝑇 + 𝐼 + 𝐺
(1 − 𝑐& )𝑌 = 𝑐) + 𝐼 + 𝐺 − 𝑐& 𝑇
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