← Learning Paths

From micro to macro: the full tour

All nine chapters in order. Every scene starts from what micro said, then shows what changes when everyone makes the choice at once.

  1. The Circle Money Travels: GDP — 1. The Macro Lens
  2. One Shock, Three Schools — 1. The Macro Lens
  3. Why Aggregate Demand Slopes Down — 2. Aggregate Demand and Supply
  4. After the Shock — 2. Aggregate Demand and Supply
  5. The Multiplier: Spending That Echoes — 3. Spending, the Multiplier, and the Paradox of Thrift
  6. The Paradox of Thrift: When Everyone Saves, No One Does — 3. Spending, the Multiplier, and the Paradox of Thrift
  7. A Price Is a Ratio; the Price Level Is a Level — 4. Money and Prices
  8. The Equation of Exchange and Neutrality — 4. Money and Prices
  9. The Market for Saved Funds — 5. Where the Interest Rate Is Decided
  10. The Market for Money — 5. Where the Interest Rate Is Decided
  11. The Two Faces of a Wage: One Firm vs the Whole Economy — 6. The Two Faces of Wages, and Unemployment
  12. Menu Costs: When Prices Won't Move — 6. The Two Faces of Wages, and Unemployment
  13. The Trade Balance Is Saving minus Investment — 7. The Open Economy and Trade
  14. The Exchange Rate Closes the Loop — 7. The Open Economy and Trade
  15. A Country Cannot Grow on Machines Alone — 8. Growth: Solow and Beyond
  16. Where the Saving Rate Comes From — 8. Growth: Solow and Beyond
  17. Expected Utility vs Expected Profit — 9. Risk and Uncertainty
  18. When Uncertainty Becomes the Recession — 9. Risk and Uncertainty