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Module 2 - Background

MacroEconomic Indicators: GDP, CPI, Unemployment, Interest Rates

Required Reading

Bouman, John. () Principles of Macroeconomics. "Unit 3: Gross Domestic Product"

Rittenberg L. and T. Tregarthen (2009). Chapter 5: Macroeconomics: The Big Picture (Section 1-3 only) Principles of Macroeconomics. Retrieved from: www.web-books.com/eLibrary/NC/B0/B62/TOC.html

Rittenberg L. and T. Tregarthen (2009). Chapter 6: Measuring Total Output and Income (Section 1-3 only) Principles of Macroeconomics. Retrieved from: http://www.web-books.com/eLibrary/NC/B0/B62/TOC.html

SLP Resources:

The GDP (general economic health, CPI (inflation) and unemplyment are three of a great many economc indicators used to measure the economy, but they are among the most frequently reported to te public. Below is an overview of 25 other macro-economic indicators and gives an excellent summary of each and explanations of their importance.

· http://www.investopedia.com/university/releases/

GDP links:

· http://mindtools.net/GlobCourse/formula.shtml

· http://www.cliffsnotes.com/study_guide/GDP.topicArticleId-9789,articleId-9733.html

CPI links:

· http://inflationdata.com/inflation/inflation_articles/calculateinflation.asp

· h ttp://www.investopedia.com/terms/i/inflation.asp#axzz1lAEXt7uC

Unemployment link:

· http://www.cliffsnotes.com/study_guide/Unemployment-Rate.topicArticleId-9789,articleId-9735.html

Agg. Demand link (AD):

· http://www.cliffsnotes.com/study_guide/Combining-AD-and-AS-Supply-Curves.topicArticleId-9789,articleId-9739.html

· http://www.cliffsnotes.com/study_guide/Aggregate-Demand-AD-Curve.topicArticleId-9789,articleId-9737.html

Agg. Supply link (AS):

· http://www.cliffsnotes.com/study_guide/Aggregate-Supply-AS-Curve.topicArticleId-9789,articleId-9738.html

Combined AD and AS link:

· http://www.cliffsnotes.com/study_guide/Combining-AD-and-AS-Supply-Curves.topicArticleId-9789,articleId-9739.html

The following are additional economic indicator links.

Khan Academy Videos: www.khanacademy.org/finance-economics/macroeconomics/v/monetary-and-fiscal-policy

Schmitt, E. (n.d.) National Income Accounting, http://www.oswego.edu/~edunne/200ch5.html