Simplified Macroeconomics

[onlyCOpunk]

Does anyone know of a good online resource that explains macroeconomics in lament terms? Preferably one that would sum up everything, the AD and As curves, fiscal policies, and the lot? My textbook is really convoluted.

 

[AznAnarchy99]

Theres a site that my teacher uses for lectures. Its pretty good but i cant seem to remember the name of the top of my head.

 

[JJChicken]

Originally posted by: onlyCOpunk
Does anyone know of a good online resource that explains macroeconomics in lament terms? Preferably one that would sum up everything, the AD and As curves, fiscal policies, and the lot? My textbook is really convoluted.

Are you using Ben Bernake's textbook? It's a shocker!

 

[TheVrolok]

Just run to whatever your local bookstore is an pick up the Cliffs AP Econ Exam book. It's pretty much micro/macro econ in cliff notes. Should work wonders.

 

[jagec]

Originally posted by: onlyCOpunk
Does anyone know of a good online resource that explains macroeconomics in layman's terms? Preferably one that would sum up everything, the AD and As curves, fiscal policies, and the lot? My textbook is really convoluted.

http://en.wikipedia.org/wiki/Magic_8-ball

 

[dlx22]

My advice would be to not completely give up on your textbook...In college I found that I could use google to decode the textbook and usually point me in the right direction when I was confused but who would have thought there would be so much calculus in economics. lol. yay for partial derivatives. Sadly I have never found a comprehensive guide beyond the basics. Secondary advice would be to get help from your teacher/professor. I never did this in college and felt like I cheated myself. Also don't get discouraged if your economics teacher is a nut case. My macro economics professor repeatedly told the class the economy was due to fail in about a decade due to the dramatic cost of medicare and medicaid, unless there is a dramatice increase in multifactor productivity. time will tell i guess

 

[JJChicken]

Originally posted by: jagec

Originally posted by: onlyCOpunk
Does anyone know of a good online resource that explains macroeconomics in layman's terms? Preferably one that would sum up everything, the AD and As curves, fiscal policies, and the lot? My textbook is really convoluted.

http://en.wikipedia.org/wiki/Magic_8-ball

Hasn't worked for the past 8 years

 

[JJChicken]

Originally posted by: dlx22
My advice would be to not completely give up on your textbook...In college I found that I could use google to decode the textbook and usually point me in the right direction

:thumbsup:

 

[Fayd]

Originally posted by: Barack Obama

Originally posted by: jagec

Originally posted by: onlyCOpunk
Does anyone know of a good online resource that explains macroeconomics in layman's terms? Preferably one that would sum up everything, the AD and As curves, fiscal policies, and the lot? My textbook is really convoluted.

http://en.wikipedia.org/wiki/Magic_8-ball

Hasn't worked for the past 8 years

worked for me


macro is pretty much bs anyways

(i say that..yet learning and memorizing allllllll the fuckkiiiinnnngggg modellllllllsssss....)

 

[Fayd]

my school used textbooks written by one of the faculty. it wasnt bad, but then again i have no point of reference.

MacroEconomics by Dr. Arnold, i think.

 

[Acanthus]

Theres a lot of Macroeconomics material that simply isnt approached scientifically... which is a nice way of saying a lot of it is total BS.

However i found lectures to best the resource of info for passing the class, most profs teach from their lectures and very little from the book.

 

[onlyCOpunk]

Sadly, my final is on Wednesday, so I don't have enough time for much fluff!

And another downfall, the lecture just read slides in a PowerPoint put out by the textbook. But my qualms with his teaching style are for another topic.

I just need a total crash course in this crap.

 

[Fayd]

Originally posted by: onlyCOpunk
Sadly, my final is on Wednesday, so I don't have enough time for much fluff!

And another downfall, the lecture just read slides in a PowerPoint put out by the textbook. But my qualms with his teaching style are for another topic.

I just need a total crash course in this crap.

you're gonna fail, then probably commit suicide.

it was nice knowing you

 

[JJChicken]

RIP onlyCOPunk

 

[mrkun]

http://economics.wikia.com/wiki/Mundell-Fleming_Model

Edit: Seriously, Mundell-Fleming along with Aggregate Demand/Supply is really all that you need to know to get a basic understanding of Macroeconomics.

 

[EvilYoda]

I'm really disappointed that no one's said "guns & butter" yet. tsk tsk.

 

[illusion88]

It seems like you could go to your library, recite your post to the nice lady at the desk and she could produce a book that would meet your needs.

 

[mrkun]

Originally posted by: EvilYoda
I'm really disappointed that no one's said "guns & butter" yet. tsk tsk.

That's Microeconomics.

 

[TehMac]

Macroeconomics is a bunch of useless keynsian crap. Micro is much better and far more accentuated.

 

[EvilYoda]

Originally posted by: mrkun

Originally posted by: EvilYoda
I'm really disappointed that no one's said "guns & butter" yet. tsk tsk.

That's Microeconomics.

Oh, well it all blended together for me...and to think, I rather enjoyed all of my econ classes! (Apparently enjoyed != learned)

 

[mrkun]

Originally posted by: TehMac
Macroeconomics is a bunch of useless keynsian crap. Micro is much better and far more accentuated.

Umm... write a letter to the Ben Bernanke and tell him is job is just "a bunch of useless Keynsian crap"?

 

[TehMac]

Originally posted by: mrkun

Originally posted by: TehMac
Macroeconomics is a bunch of useless keynsian crap. Micro is much better and far more accentuated.

Umm... write a letter to the Ben Bernanke and tell him is job is just "a bunch of useless Keynsian crap"?

Bernanke is more in line with Alan Greenspan and Classical Liberalism, as opposed to strictly Keynsian. The government (i.e. dumbass clueless politicians) is Keynsian, the Federal Reserve operates on Classical Liberal principals that are the foundation of microeconomics.

But thanks for your input.

 

[JujuFish]

Lament?

 

[mrkun]

Originally posted by: TehMac

Originally posted by: mrkun

Originally posted by: TehMac
Macroeconomics is a bunch of useless keynsian crap. Micro is much better and far more accentuated.

Umm... write a letter to the Ben Bernanke and tell him is job is just "a bunch of useless Keynsian crap"?

Bernanke is more in line with Alan Greenspan and Classical Liberalism, as opposed to strictly Keynsian. The government (i.e. dumbass clueless politicians) is Keynsian, the Federal Reserve operates on Classical Liberal principals that are the foundation of microeconomics.

But thanks for your input.

Keynsian economics = nominal variables affect real economic output.

Classical economics = nominal variables have no affect on real economic output.

Last time I checked, interest rates, the money supply, and inflation are nominal variables.

 

[TehMac]

Originally posted by: mrkun
Keynsian economics = nominal variables affect real economic output.

Classical economics = nominal variables have no affect on real economic output.

Last time I checked, interest rates, the money supply, and inflation are nominal variables.

Not necessarily; you're thinking of the Keynsian models Macroecomonists use to determine what causes inflation and how best to prevent it. Classicists argue that markets don't cause inflation necessarily, but that the money stock is a key, whereas Keynsians just believe in markets. For example, the Demand Pull suggests that higher wages mean higher prices, but that's not necessarily because of inflation, but because of higher demand, which equates to higher prices.

There's a basic example of a Keynsian model that is misleading.