READ EACH CHAPTER BELOW !!!!!!!!
Chapter 5
Topic: The Macroeconomic Perspective
Description: This chapter explains key concepts in macroeconomics such as Gross Domestic Product
Learning Objectives:
Explain how the size of the economy is measured
Differentiate between Nominal and Real GDP
Track changes of the GDP over time and establish international comparisons
Infer how GDP measures the well-being of society
Chapter 6
Topic: Economic Growth
Description: This chapter explains key concepts in how economies grow over time.
Learning Objectives:
Explain the relatively recent arrival of economic growth
Define labor productivity and economic growth
Describe the components of economic growth
Understand economic convergence
Chapter 7
Topic: Unemployment
Description: This chapter describes unemployment, which occurs when an individual is unable to find work, even though s/he may be actively looking for a job.
Learning Objectives:
Define and compute unemployment rates
Identify patterns and trends in unemployment
Explain changes in unemployment over the short- and long-run