Chapter 21 Macroeconomics: The Big Picture

In Chapter 21 Macroeconomics: The Big Picture you will learn:

What makes macroeconomics different from microeconomics
What a business cycle is and why policy makers seek to diminish the severity of business cycles
How long-run economic growth determines a country’s standard of living
The meaning of inflation and deflation and why price stability is preferred
The importance of open economy macroeconomics and how economies interact through trade deficits and trade surpluses

This video was made of student slide of Paul Krugman and Robin Well's Economics, Third Edition published in 2013 by Worth Publishers.
This video along with others in this playlist are made in order to give students more access to material in most comfortable way.
The usage of this video and others was originally introduced to students taking class of Introduction and Theory of Macroeconomics in Department of Islamic Economics, Faculty of Islamic Studies, Islamic University of Indonesia.

Further details can be found in links below: