Core measure
Output and Income
How economists measure production and the income it creates, from GDP and GNP to the deflator that separates real growth from higher prices.
Detail shell: overview, mechanism, measurement, tensions, next routes.
Concepts
Macro Concepts
Browse one concept at a time, then use the same reading flow on every detail page: overview, mechanism, measurement, tensions, and next routes.
HelpOverview
Choose one concept, then read it through the same five-step shell
Every concept page now follows one structure: overview, mechanism, measurement, tensions, and next routes. Pick the concept first, then keep the same reading flow regardless of topic.
Concepts
Open the concept that matches the question
Core measure
Unemployment
How economists measure labor-market slack, why the headline rate is incomplete, and what different kinds of unemployment say about the business cycle and the labor market itself.
Detail shell: overview, mechanism, measurement, tensions, next routes.
Core measure
Prices
Inflation, deflation, and stagflation all describe changes in the price level, but each points to a different macro environment and a different policy problem.
Detail shell: overview, mechanism, measurement, tensions, next routes.
Core measure
Money Supply
Why economists track money in layers such as M1 and M2, what liquidity changes reveal, and where textbook multiplier stories still help or mislead.
Detail shell: overview, mechanism, measurement, tensions, next routes.
Next routes
Keep one decision flow after concept selection
- 1. Open the concept page and read the overview plus mechanism.
- 2. Validate with indicators and policy context.
- 3. Open a model route when assumptions must be explicit.
Sources & References
- Blanchard, O. Macroeconomics. Pearson, 2021.
- Mankiw, N. G. Macroeconomics. Worth Publishers, 2022.
- Bureau of Economic Analysis, Bureau of Labor Statistics, and Federal Reserve reference materials.