Transcript Macroeconomics

Macroeconomics






Employment/Unemployment
Output/GDP/Growth
Prices/Inflation/Interest Rates
Exports/Imports/Current Account
Fiscal Policy/Deficits
Monetary Policy
Microeconomics








Firms/Industries
Consumers/Producers
Prices/Costs
Output/Wages
Capital/Labor/Land
Supply/Demand
Public Goods/Income Distribution
Utility/Profit
Prices & Output





How are output decisions made?
What determines price?
What is a market?
What is an industry?
Why are some industries more
competitive than others?
Examples

All examples from The Nation,
Wednesday, July 13, 2005.
Economists Forecast Lower
Growth

Due to increases in oil prices,
economists lower expectations of GDP
growth to 4.3% over the next year…
Pay hike to hit CPI

Increasing officials’ salaries could for
the consumer price index to creep says
the Commerce Ministry.
Cabinet Approves Measures

The Cabinet endorsed three energy
saving measures designed to lop Bt6.8
billion a year of the nation’s energy bill.
Second-hand auto dealers feel
the pinch

Used-car dealers have seen few buyers
in the past two months because of the
surge in oil prices, forcing some
operators out of business.
More cases for quotas on
textiles

US manufacturers petitioned the Bush
administration to impose quotas on
additional imports of textiles and
clothing.
Paper




What is your paper about?
How does your paper relate to
microeconomics?
What previous studies do you know of
that have discussed your topic?
Why is your paper (or topic) interesting
or important?
Paper

Hard copy: simple w/ staple



or
Email:
[email protected]
If email:

Subject: Name Chula 2007
Cover Page
Why are fast food outlets close to each and grocery
stores are not?
Richard Fowles
July, 2007
Spatial location is an important part of marketing for fast food outlets.
Consumers choosing where to eat often discover a large variety of food
outlets within a relatively short distance. Yet grocery stores are
generally not geographically proximate to each other. This paper
explores some of the reasons to account for these differences using a
simple model of supply and demand….
Question



A good way to begin a paper is to ask a
question.
A thesis or dissertation should answer
the question.
A term paper for this class does not
need to provide an answer, but should
cover ways that future research could
answer the question.
Introduction


What is your question?
Why is answering your question
important?
Literature Review


With your question in mind, use the
Internet (or library) to assemble a list of
published work that relates to your
question.
If your question is new, then you might
not find a lot of published work to draw
upon.
Literature Review


If your question is new then use the
literature review to discuss how similar
questions have been addressed.
You might use:


http://scholar.google.com
http://nber.org
Body


In the body of your paper you should
try to answer your question.
The answer could be


Narrative
Analytical



Graphical
Mathematical
Quantitative
Body


Your paper is a focused answer to a
question.
But what if you cannot answer the
question?

What information would you need in order
to answer the question?
Conclusion



This is the easiest part of a paper.
Review your question.
Review your answer.
Abstract


After you have completed your paper
you write the abstract.
The abstract is a one or two paragraph
summary of your paper which presents
your hypothesis, your analysis, and your
conclusion.
References



This is the last part of your paper.
Often editors of journals read the list of
references before reading the article.
Only reference previous work that you
cite in your paper.