Here is a list of items that I believe every macroeconomics course should cover:
- National Income Accounting
GDP vs GNP
No Double Counting
Income = Expenditure
GDP is a flow concept not a stock concept (this one is my own pet peeve)
- The Real vs. Nominal Concepts (price levels)
Redistribution effects of inflation- Using the Aggregate supply Aggregate model
To explain change in output
To explain change in prices
Shapes of the aggregate supply and the policy implications
- Money
Functions of money
Forms of money
- Policy
- Monetary
Fractional Reserve banking
The Fed - Fiscal
Deficit
1. crowding out
Debt
1. internal debt
2. external debt
3. redistribution effects of govt. debt - International (this one is new to me but I cover the following)
Exchange rates
Exports vs. Imports
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