Intermediate Macroeconomics Made Simpler

Abstract

In the last thirty-five years, the course in intermediate macroeconomics has become more difficult, both for the student to learn and the instructor to teach. In this paper, some simpler approaches are presented to teaching the following topics: the distinction between private, public, and national savings; the Ricardian Equivalence Hypothesis; Economic Growth Theory; and the derivation of the Lucas Supply Curve.

JEL Classification: A22, E00, O40