Learning Objectives Chapter 1

Learning Objectives Chapter 1

Definition and scope of macroeconomic analysis

Explain the concept of macroeconomic and microeconomic distinguish between the areas of macroeconomic research.

Indicators / Macroeconomic Variables

Explain briefly the national income / national output, employment and unemployment, inflation, balance of payments and economic growth.

Shows the importance of guidance on the data of the Malaysian economy.

Macroeconomic Policy

Macroeconomic Policy Goals
Describing the desired outcome: Rate of full employment, price level stability, improve balance of payments, enhance economic growth.

Form of Macroeconomic Policy
Briefly explain the following policies:

Demand Side Policy: Fiscal Policy, Monetary Policy, the Direct Control.

Supply Side Policy: Changes in income tax, tax reduction of imported inputs, fiscal incentives / investment incentives, incentives for research and development (R & D).