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Some webpages useful for teachers of intermediate macroeconomics:
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Some webpages useful for teachers of intermediate macroeconomics:
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The more time I spend on the web, the more impressed I am with the value of lowest-common denominator material: so much high-end or sophisticated stuff simply breaks, in one way or another. So I have put together this library of simple visual animated economics demonstrations using the simplest possible technology: animated .gif files, which can be read by practically any browser. I have (naturally) keyed them to my own textbook, but they cover material that has to be covered in any intermediate macroeconomics course.
I hope that they will be useful for students trying to figure out just what is going on in their intermediate macroeconomics courses.
Chapter 1: Introduction to Macroeconomics
Chapter 2: Measuring the Macroeconomy
Chapter 3: Thinking Like an Economist
- 3.2 The Circular Flow of Economic Activity
- 3.2 The Circular Flow: The Expenditure Side
- 3.2 Flows: Incomes, Expenditures, Factors, and Goods
Chapter 4: The Theory of Economic Growth
- 4.1 Technological Change
- 4.3 Convergence to the Steady-State
- 4.3 The Steady-State Capital-Output Ratio
Chapter 5: The Reality of Economic Growth
Chapter 6: Building Blocks of the Flexible-Price Model
- 6.2: The Consumption Function
- 6.3: Interest Rates and the Exchange Rate
- 6.3 The Magnitude of Exchange Rate Movements
Chapter 7: Equilibriium in the Flexible-Price Model
Chapter 8: Money, Prices, and Inflation
Chapter 9: The Income-Expenditure Framework: Consumption and the Multiplier
- 9.1: Inventories and Equilibrium
- 9.2: Building Up the Income-Expenditure Diagram
- 9.2: The Income-Expenditure Diagram: Effects of an Investment Boom
- 9.2 The Income-Expenditure Diagram: Effects of a Collapse in Durables Spending
- 9.3: The Multiplier
- 9.3: Stepping Through the Multiplier
- 9.3: The Multiplier and the Marginal Propensity to Consume
Chapter 10: Investment, Net Exports, and Interest Rates: The IS Curve
- 10.2: The IS Curve: Effects of Different Kinds of Government Stimulus Policies
- 10.2: From Investment Demand to the IS Curve: High Interest Rates
- 10.2: From Investment Demand to the IS Curve: Low Interest Rates
Chapter 11: Extending the Sticky-Price Model
Chapter 12: The Phillips Curve and Expectations
- 12.1: What Is the Phillips Curve?
- 12.2: A Steep Phillips Curve
- 12.2: A Shallow Phillips Curve
- 12.3-12.4: Expected Inflation and the Natural Rate of Unemployment
- 12.4: U.S. Inflation, 1960-Present
- 12.4: The U.S. Phillips Curve, 1960-Present
- 12.5: The Monetary Policy Reaction Function
- 12.5: Easing Monetary Policy--Adaptive Expectations
- 12.5: Easing Monetary Policy--Rational Expectations
Chapter 13: Stabilization Policy
- 13.1: The Liquidity Trap
- 13.4: Loss of Central Bank Inflation-Fighting Credibility
- Growth and Fluctuations, 1980-1998
- Monetary Policy, 2000-2001
Chapter 14: The Budget Balance, the National Debt, and Investment
Chapter 15: International Economic Policy
Chapter 16: Changes in the Macroeconomy and Changes in Macroeconomic Policy
Chapter 17: The Future of Macroeconomics
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