∗ welco m e Macroeconomics Trần Thị Mỹ Trang Đỗ Thị Thu Trang Nguyễn Văn Thuận CQ 50-16.02 Group 10 Unit 4 Macroeconomics 1:…………………………………. 2:…………………………………. 3:………………………………… Vocabulary Summerize Short Questions 4:…………………………………. Long questions Vocabulary ∗ 1. ['bæləns] (n) ∗ 2. [im'plɔimənt] (n) ∗ 3. [in'flei∫n] (n) ∗ 4. ['endʒin] (n) ∗ 5. [fjuəl] (n) ∗ 6. ['influəns] (n) ∗ 7. ['pɔləsi] (n) ∗ 8. ['gʌvnmənt] (n) Balance employment inflation engine fuel influence policy government cán cân sự thuê mướn lạm phát chính phủ nhiên liệu chính sách ảnh hưởng động cơ Vocabulary ∗ 9. ['mʌnitəri pɔləsi] (n) ∗ 10. [fiskəl] (adj) ∗ 11. ['su:pəvaiz] (v) ∗ 12. [ɔb'dʒektiv] (adj) ∗ 13. [ək'seləreitə] (n) ∗ 14. ['viəkl; 'vi:hikl] (n) ∗ 15. ['regjuleit] (v) ∗ 16. ['ouvəhi:tiη] (v) monetary policy supervise objective accelerator vehicle regulate overheating fiscal chính sách tiền tệ thuộc tài chính giám sát thuộc mục tiêu người làm tăng tốc độ phương tiện điều chỉnh tăng trưởng Vocabulary ∗ 17[i'sen∫əl] (adj) ∗ 18. [kə'pæsiti] (n) ∗ 19. [fi:ld] (n) ∗ 20. [,intədi'pendənt] (adj) ∗ 21. [ə'prout∫] (n) ∗ 22. ['kɔmplimənt] (v) ∗ 23. [spə'sifik] (adj) ∗ 24. ['sloudaun] (adj) ∗ 25. [vɑ:st] (adj) essential capacity field interdependent vast rộng lớn complement bổ sung thiết yếu năng suất lĩnh vực phụ thuộc lẫn nhau specific đặc trưng slowdown suy thoái approach cách tiếp cận Summary ∗ The goal of macroeconomics is to look at overall economic trend such as employment levels, economic growth, balance of payments, inflation and so on. ∗ Macroeconomics is inuenced mainly by macroeconomics policies, including monetary policy and scal policy. Monetary policy:  Controls a nation’s money supply  Is supervised by Central Bank  Tool of monetary: money suplly, interest rate Fiscal policy:  Controls Government’s revenue and speding  Is supervised by Ministry of Finance.  Tool of fiscal: Government’s revenue, speding and taxation Two main macroeconomic polices are to Promote economic growth and to keep inflation under control. Summary ∗ The difference between macroeconomics and microeconomics: • Microeconomics studies behavior of individuals and firms, regarding the allocation of resources and prices of goods and services, focuses on supply and demand an other forces that determine the price. • Macroeconomics analyze the economic activity of an entire country or the international marketplace. Summary ∗ While these two studies of economic appear to be different, they are actually interdependent and complement one another since there are many overlapping issues between the two fields. For example, increased inflation( macro) would cause the price goods and services increased too(micro). Questions ∗ Short questions: Question 1: What is the goal of macroeconomic? Question 2: What are two major macroeconomic policies? Question 3: What does monetary in control? Question 4: Who control monetary policy? Question 5: What are tools of monetary policy? Question 6: What does fiscal in control? Question 7: Who control fiscal policy? Question 8: What are tools of fiscal policy? Question 9: What are two polices aimed at? [...]... economic growth and to keep inflation under control Question ∗ Long questions: Question 1: What is the differences between microeconomic and macroeconomic? Question 2: What is the differences between monetary policy and fiscal policy? Question 3: What is the relationships between microeconomics and macroeconomics? Question 1: What is the differences between microeconomic and macroeconomic? Question 2: What...Question 1: What is the goal of macroeconomic? ∗ The goal of maroeconomics is to look at overall economic trends such as employment levels, economic growth, balance of paymnets, inflation and so on Question 2:... revenue Supervised by Central Bank Supervised by Ministry of Finace •Money supply •Interesr rate •Government’s revenue •Spending •Taxation Question 3: What is the relationships between microeconomics and macroeconomics? While these two studies of economic appear to be different, they For example, increased inflation( macro) would cause the price are actuallyservices increased too goods and interdependent