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Lecture 2: Basic Macroeconomic Concepts

Ford International Professor of Economics

41:21·2024·undergraduate level

This lecture introduces foundational macroeconomic concepts, detailing the definitions and measurement of key indicators such as aggregate output, the unemployment rate, and the inflation rate within a national economy context.

MIT 14.02 Principles of Macroeconomics, Spring 2023

Instructor: Ricardo J. Caballero

View the complete course: https://ocw.mit.edu/courses/14-02-principles-of-macroeconomics-spring-2023/

Seminar notes & discussion

No public seminar notes on this lecture yet.