Macroeconomics Does the Penny Make Cents? Interpretation, - PowerPoint PPT Presentation

Aug 20, 2023 •149 likes •190 views

Patricia Machado, PhD Associate Professor of Economics Program Coordinator for Liberal Arts Northern Essex Community College Macroeconomics Does the Penny Make Cents? Interpretation, Representation, Application/Analysis,

Patricia Machado, PhD Associate Professor of Economics Program Coordinator for Liberal Arts Northern Essex Community College
 Macroeconomics – Does the Penny Make Cents?  Interpretation, Representation, Application/Analysis, Assumptions, Communication  Microeconomics – Cash-Strapped Farmers Feed Candy to Cows.  Interpretation, Representation, Application/Analysis, Communication
 Macroeconomics example of calculation:  GDP = C + I + G + (X – M)  Did you know that 70% of the US Economy is driven by C? Does anyone know what C stands for?  Microeconomics example of calculation:  PED = % change in QD / % change in P  In other words, change in QD divided by average Q all divided by change in P divided by average P
 Northern Essex Community College focus on Core Academic Skills  Global Awareness, Writing, Information Literacy  Natural Fit to Quantitative Reasoning  Inherent versus Intentional  Intentionality raises the importance of Quantitative Reasoning, Core Academic Skills, and Quantitative Literacy Value Rubric

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