Introduction to the macroeconomics

1) Macroeconomics :

Branch of the economy that takes care itself to study the social phenomena through 3 variable important, Unemployment, Pil, Inflation.

 

2) Monetaristi :

They support that the market works better if left if same.

 

3) Keynesian :

They support that the market works better if instradato from the state.

 

4) New Classic Macroeconomics :

It is the evolution of the monetarismo, is assumed :

to)    every subject it maximizes the own objective function

b)    the expectations are ration them

c)    the markets are always in equilibrium

as consequence exists only voluntary unemployment.

 

5) New Keynesian :

They assert that not always rivers succeed to catch up the equilibrium even if everyone maximizes the own objective function.

 

6) P.I.L. :

Gross Domestic Product, is equivalent to the value of the production and the assets produced from the economic system in a time data lasso.

 

7) P.I.L. Noun :

It is the value of the production and of the assets it calculates to you regarding the going rate.

 

8) P.I.L. Real :

It is the value of the production and of the assets it calculates to you regarding the constant price that is taking like reference a data year.

 

9) Rate of growth of the economic system :

It is equivalent to the rate of growth of the real P.I.L..

 

10) Factors of the production :

They are the job and the understood one them.

 

11) Factors that determine the increase of the P.I.L. Real :

to)    increase of the resources that is of the force job or the understood one them.

b)    variation of the efficiency of the production factors (experience and technological innovation).

c)    Variation of the employment of the resources available.

 

12) Rate unemployment :

It is the fraction of the forces job that cannot find occupation.

 

13) Trend of the P.I.L. :

It is the value of the P.I.L. if the production factors were completely it employs to you.

 

14) economic Cycle :

It is the oscillation of the real P.I.L. around to the straight one of the Trend, it indicates periods of expansion and regression.

 

15) Gap of the P.I.L.  :

It is the difference between the production indicated from the straight one of trend and the real P.I.L..

 

16) Production upgrades them :

It is the production of full employment.

 

17) Law of Okun :

It alloy the variation of the rate unemployment to the rate of growth of the real P.I.L..

Variation of the rate unemployment = 0,6 * (rate of growth of real P.I.L. - 4)

 

18) Consumer price index :

It is the value of a data open baskets of the assets acquires to you from a medium consumer.

 

19) Relation between inflation and unemployment :

When unemployment increases, the inflation diminishes and viceversa.

 

20) Trade-Off :

It is to take place itself of the maximum of unemployment in correspondence of a minimum of the inflation and viceversa.

 

21) Aggregate demand :

It is the total question of goods and services of the economic system, expresses the relation between the expense in goods and services and the level of the prices.

 

22) Aggregate supply :

It expresses the relation between the amount of production of the enterprises and the level of the prices.