Find

Find

Search for over 100,000 study notes and past assignments!

Swap

Swap

Download study resources by swapping your own or buying Exchange Credits.

Study

Study

Study from your library anywhere, anytime.

14 Pages Complete Study Notes Year: Pre-2018

Chapter 1: Measuring macroeconomic performance: output and prices Macroeconomic: -Judgments about performance of the economy -Factors that produced particular macro outcomes -Role of government 1.1 When is the economy performance well? PERFORMANCE INDICATORS a) Rising living standards in long run b) Avoiding extremes of short-run macro performance *Short-run business cycle: tendency for economies to pass through periods of economic expansion and contraction *Recessions: two consecutive quarters in which economy’s output falls c) Maintaining real value of currency *Inflation and deflation: general level of prices in an economy to change over time. -Inflation: decrease in real value of currency d) Sustainable levels of public and foreign debt *Public debt: amount owed by gov to non-gov sector *Unsustainable debt policy: too much borrowing relative to income flow *Foreign debt: owed by nation to other countries e) Balancing current expenditure against the need to provide resources in future f) Providing employment for all individuals seeking work


This document is 50 Exchange Credits

https://www.thinkswap.com/plag-scan/au/unsw/econ1102-macroeconomics-1/macroeconomics-summary

More about this document:

This document has been hand checked

Every document on Thinkswap has been carefully hand checked to make sure it's correctly described and categorised. No more browsing through piles of irrelevant study resources.

This is a Complete Set of Study Notes

Complete Study Notes typically cover at least half a semester’s content or several topics in greater depth. They are typically greater than 20 pages in length and go into more detail when covering topics.

What are Exchange Credits?

Exchange Credits represent the worth of each document on Thinkswap. In exchange for uploading documents you will receive Exchange Credits. These credits can then be used to download other documents for free.

Satisfaction Guarantee

We want you to be satisfied with your learning, that’s why all documents on Thinkswap are covered by our Satisfaction Guarantee. If a document is not of an acceptable quality or the document was incorrectly described or categorised, we will provide a full refund of Exchange Credits so that you can get another document. For more information please read Thinkswap's Satisfaction Guarantee.

Academic Integrity
Studying with Academic Integrity

Studying from past student work is an amazing way to learn and research, however you must always act with academic integrity.

This document is the prior work of another student and has been made available to plagiarism detection tools. Do not copy from this work. Understand how you can responsibly use this work by visiting ‘Using Thinkswap resources correctly’.

Claim a Bounty

MACROECONOMICS SUMMARY - Page
Page /14
Page /14

Similar documents to "MACROECONOMICS SUMMARY" avaliable on Thinkswap

Documents similar to "MACROECONOMICS SUMMARY" are suggested based on similar topic fingerprints from a variety of other Thinkswap Subjects

Browse UNSW Subjects

University

High School