Bài giảng Kinh tế vĩ mô-chương 1

Chapter 1
Economics and the Economy
David Begg, Stanley Fischer and Rudiger Dornbusch, Economics,
6th Edition, McGraw-Hill, 2000
Power Point presentation by Peter Smith
1.2
What is Economics?
■
ECONOMICS ...
■
is the study of how society decides:
–
What
–
For whom
–
How
to produce...
1.3
The price of oil
0
5
10
15
20
25
30
35
40
US$ per barrel
Tripled in 1973-74, and doubled again in 1979-80

… and affected people all over the world.
1.4
An increase in the price of oil
affects
■
What to produce
–
less oil-intensive products
■
How to produce
–
less oil-intensive techniques
■
For whom to produce
–
oil producers have more buying power,
importers have less
1.5
The distribution of world population
and GNP, 1998
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%

100%
Population GNP
LIC MIC HIC