# Macroeconomics

This textbook concerns the wonderful world of macroeconomics, or economics on a very large scale, concerning national and international systems. It serves as an introduction to macroeconomics, and is primarily aimed at students in their final few years of secondary education, though it could also be used by interested students younger or older than that. See Intermediate Macroeconomic Theory for learning more advanced macroeconomics.
Knowledge of microeconomics would be useful and preferred, but grasping overall concepts does not require an in depth previous knowledge. See Principles of Economics for a brief introduction to both microeconomics and macroeconomics and Principles of Microeconomics for learning introductory microeconomics.
It is worth remembering that this textbook can be edited at any time, with the link at the top of this page. This is both good and bad - you yourself, having spotted a mistake or having noticed a poor definition, can correct it and should feel free to do so. The bad side is that anyone can edit it, so content may be inaccurate while the wikibook is in its infancy!

## Contents

| Section | Article |
| Introduction | Macroeconomic Objectives Measuring Economic Activity Macroeconomic Equilibrium Role of Savings and Investment |
| Employment and Unemployment | Definitions of Unemployment Types and Causes of Unemployment Consequences of Unemployment Policies to Reduce Unemployment |
| Macroeconomic Variables | Aggregate Expenditures Multiplier Process Expanded Multipliers Aggregate Demand Old: Consumption (included in Aggregate Demand) Old: Investment (included in Aggregate Demand) Old: Imports-Exports (included in Aggregate Demand) Aggregate Supply Macroeconomic Equilibrium in the Short Run and the Long Run |
| Money and Inflation | Effects of Interest Rates on Real GDP Inflation |
| Economic Policy | Government Spending (included in Fiscal Policy) Taxation Fiscal Policy Monetary Policy Supply-side Policy Central Banks |
| Government Intervention | Market Failure Methods of Government Intervention Government Failure |
| International Economics | |
| Alternate Perspectives | Radical Economics |
| Advanced Topics | Math Review Keynesian Demand-side Economics and Multipliers Optimal Growth Harrod-Johnson Diagram |
| Glossary of Terms | |

## Proposed change

* Economics - Introduction to economics
* Market Economics - Basics of market economics, resources, and production possibilities
* Supply and Demand - Supply and Demand for single products
* Measuring Domestic Output - Gross Domestic Product and other indicators
* Open Economies - International trade
* Business Cycle - Basics of unemployment, inflation, and economic growth
* Aggregate Expenditures - Consumption, Investment, Government spending, and Exports
* Aggregate Supply and Demand - Basics of how an entire economy functions
* Fiscal Policy
* Money - How money is created and why it works
* Monetary Policy
* Government Finances
Advanced topics
* Math Review
* Keynesian Demand-side Economics and Multipliers
* Optimal Growth
* Harrod-Johnson Diagram

## Useful background reading

The following links will lead you to Wikipedia, the online encyclopedia similar in style to this site. The information in these articles may go above and beyond that which you need to know for this book, though they will undoubtedly prove useful to refer back to from time to time, and are good portals to more relevant articles.
* Economics
* Supply and Demand
* List of economists
* List of economics topics
* Category:Economics

## External links

The following links take you to useful websites for learning, revising or expanding your knowledge:
* Aplia - homework and assessment software for economics students
* Economics at About.com
* New Economics Foundation - encourage sustainable economic growth, and consider sustainable economic welfare
* s-cool - basic notes and a little outdated now
* Online learning materials in Economics catalogued by the UK's national Economics Network at the University of Bristol
* Principles of Macroeconomics V1.1 Libby Rittenburg and Tim Tregarthen. 537 page online textbook
* Economics Lecture Notes have current economics data and links to interesting topics.

## For contributors

Any and all corrections, additions, alterations etc. are always welcome! If you wish some credit for your work, stick your name below :
| Name | Contribution |
| Evgeniy Chernyshov | Inflation, Fiscal Policy, Monetary Policy |
| Jacob Taylor | The Entire Glossary |