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Macroeconomics

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Advanced Placement Macroeconomics
Macroeconomics
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In my opinion, these are the best textbooks for their respective courses. AP Pscychology Myers Psychology AP Art History Gardner's Art Through The Ages AP Environmental Science Living in the Environment: Principles, Connections, and Solutions AP Macroeconomics Principles of Macroeconomics You can find them all on Amazon at decent prices. Happy studying!

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Macroecon - building up to monetary policy

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Economics
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Economics
Macroeconomics
Monetary economics
Money
Monetary policy
Public finance
Money supply
Federal Reserve System
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Business
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macro
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Definitions • MS • MB • Multiplier Tools • Open market operation (most used) • Discount loans/rate • Required reserve ratio Fiscal policy: the government affecting outcomes by using its budget Monetary policy: the government (fed) affecting outcomes via financial markets Money supply: quantity of money (M1) = currency + deposits Monetary base: Currency + reserves (except cash reserves) (M0) Reserves-> the banks’ account at the Fed (controlled by Feds) Imagine there’s no cash Imagine RRR = 10% Banks lives are simple- asset management Let’s say the Fed wants to engage in an open market purchase A L A L

A Brief History of Economics

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Economics
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Economic theories
British people
English people
Keynesian economics
Economics
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John Maynard Keynes
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Keynesian Economics
Karl Marx
John Maynard Keynes was a British economist whose ideas have greatly shaped modern macroeconomics, and indeed is credited as the father of all modern macroeconomics. His ideas are the basis for the school of thought known as Keynesian economics. Keynesian Economics states that some microeconomic decisions may lead to macroeconomic inefficiencies. In other words, if a small economy such as Arizona’s real estate market slips, it could cause the large economy it is a part of, the economy of the United States, to wane. Several branches of Keynesian Economics are used today. Adam Smith’s economic theory basically states that as long as people act in their own self interest, the economy will remain stable to its highest efficiency.

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