Principles of Macroeconomics / Unit 18 MAC 1728 short lesson, about 20 seconds
The Four Macroeconomic Goals
Captions available
The idea
Macroeconomics is organised around four goals: output growing, unemployment low, the price level stable, and external accounts sustainable. Every policy in the course is aimed at one of them.
In practice
Unit sixteen framed each as a different kind of coordination failure.
Where people slip
The goals conflict, which is why every policy question involves a trade.
Your place on the trail
Every lesson rests on earlier ones and opens later ones. Tap any to jump.
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