Macro Trends

Lecture handout: Macro Trends: what’s going on?

This lecture provides an overview of the global economy, an explanation of the main ways that policymakers affect macro indicators, and identifies the most important current issues.

You can find the latest global growth forecasts from the institutions mentioned in the lecture here:

📖 Recommended reading:
✍️ What I’ve been writing:
🎧 Suggested podcast:
ℹ️ Background resources:
  • The best way to keep on top of macroeconomic trends are to subscribe to the Financial Times or The Economist.
  • An Inflation Primer” Patrick Horan, Mercatus Center Policy Brief, July 2022 – a good background primer on inflation
  • Evans, A.J., 2020, “Economics: A Complete Guide for Business” London Publishing Partnership – my managerial economics textbook is intended to provide a thorough but readable overview of the most important elements of macroeconomics
📺 Recommended videos:

This is a good explanation of the difference between nominal and real GDP:

This is a good explanation of current Fed policy:

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For an overview of the markets response to the UK mini budget of September 2022 see this ABC news report.

 Key references

🏅 And finally, here’s a short quiz to test your knowledge about the session: