tailieunhanh - Ebook Principles of macroeconomics (20/E): Part 2

(BQ) Part 2 book “Principles of macroeconomics” has contents: The labor market in the macroeconomy, financial crises, stabilization, and deficits; alternative views in macroeconomics; critical thinking about research; economic growth in developing economies, and othe contents. | Money, the Federal Reserve, and the Interest Rate 10 Chapter Outline and learning ObjeCtives An Overview of Money p. 188 Define money and discuss its functions. How Banks Create Money p. 192 Explain how banks create money. The Federal Reserve System p. 198 Describe the functions and structure of the Federal Reserve System. The Demand for Money p. 200 Describe the determinants of money demand. Interest Rates and Security Prices p. 201 In the last two chapters, we explored how consumers, firms, and the government interact in the goods market. In this chapter, we show how the money market works in the macroeconomy. We begin by defining money and describing its role in the . economy. Microeconomics has little to say about money. Microeconomic theories and models are concerned primarily with real quantities (apples, oranges, hours of labor) and relative prices (the price of apples relative to the price of oranges or the price of labor relative to the prices of other goods). By contrast, as we will now see, money is an important part of the macroeconomy. Define interest and discuss the relationship between interest rates and security prices. How the Federal Reserve Controls the Interest Rate p. 203 Understand how the Fed can change the interest rate. Looking Ahead p. 207 Appendix: The Various Interest Rates in the . Economy p. 211 Explain the relationship between a 2-year interest rate and a 1-year interest rate. 187 188 Part III The Core of Macroeconomic Theory Learning Objective Define money and discuss its functions. An Overview of Money You often hear people say things like, “He makes a lot of money” (in other words, “He has a high income”) or “She’s worth a lot of money” (meaning “She is very wealthy”). It is true that your employer uses money to pay you your income, and your wealth may be accumulated in the form of money. However, “money” is defined differently in

• Kinh tế học
• Principles of macroeconomics
• The macroeconomy
• Financial crises
• Developing economies
• Alternative views
• Open Economy macroeconomics
• Macroeconomics principles
• Macroeconomics policy
• An introduction to macroeconomics
• Aggregate demand
• The powerful consumer
• Supply and demand
• Principles of economics
• Lecture Principles of economics
• Economy macroeconomics
• Closed economy
• Open economy
• Macroeconomics principles and policy
• The banking system
• Budget deficits
• International trade
• Comparative advantage
• mankiw
• macroeconomics
• Ten Principles of Economics
• Th inking Like an Economist
• Interdependence and the Gains from Trade
• Brief principles
• Brief principles of macroeconomics
• The financial system
• The gains from trade
• The real economy
• The financial crisis
• The great recession
• Exchange rates
• Method of economic
• Supply applications
• Introduction to macroeconomics
• Equilibrium output
• Fiscal policy
• Lecture Macroeconomics
• Principles of microeconomics
• Economic models
• Science of macroeconomics
• Tools of microeconomics
• Microeconomic transactions
• Data of macroeconomics
• Aggregate supply
• The open economy
• Natural rate of unemployment
• Consumer price index
• National income
• Agriculture sector
• Agricultural policies