Macroeconomics I (2^nd Year)

Date: 2024

ISBN: 978-1-9256312-1-0

Format: A4, 2-page, Laminated Card

Description

The aim of this Student Guide Card is to provide second year students with an outline of the basic concepts and principles of Macroeconomics I. In particular, the topics discussed in this title include: (i) models of production; (ii) the production function; (iii) the Cobb-Douglas production function; (iv) the Solow-Swan growth model; (v) the implications of the Solow-Swan growth model; (vi) the  Romer growth model (vii) the standard replication argument; (viii) the main equations of the Romer growth model; (ix) labour market, wages and unemployment; (x) supply and demand of labour; (xi) shifts in the demand for labour; (xii) shifts in the supply of labour; and (xiii) wage rigidity.