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
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller studentHIB. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $4.33. You're not tied to anything after your purchase.
