Final Exam is cumulative worth 55%
Questions answers will be available at the Cardinal Carter Library one week before each exam
What macroeconomics is about?
- Macroeconomics is the study of the structure and performance (functioning) of national
economics and policies that governments use to try to affect economic performance. The issues
of macroeconomics includes:
What determines a nation’s long-run economic growth?
o Sources of growth:
o The quantities of inputs of capital (k) and Labour (N)
employment in Production
o The technology of production or the efficiency of labour and
capital (or total factor productivity)
What causes a nation’s economic activity to fluctuate (business cycle)short term
o Supply Shocks