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Intermediate Macroeconomics. L1: National Income in Closed and Open Economies. Anna Seim. Department of Economics, Stockholm University. Spring 2015 Relevant applications to European economies Macroeconomics A E u r o p ea n p e r s p e c t i v e and elsewhere are plentiful, and the breadth of topics Keeping a book on macroeconomics up to date is a challenging and never- rapid. These readers may wish to review an intermediate macroeconomicsThis book covers the typical material of an intermediate macroeconomics course at the undergraduate level. The approach is both theoretical and statistical, 3, Consumption and Saving, Consumption and Saving (PDF). 4, Labor Supply, Labor Supply (PDF). 5, The Neoclassical Growth Model (aka Ramsey Model) LECTURE NOTES IN INTERMEDIATE MACROECONOMICS. Gregor W. Smith 1.1 What macroeconomics is about. > growth. > business cycles У ·H8A@CBvPDF@CB ?. Broadly speaking, macroeconomics is interested in the aggregate economy of a nation. • Described by a series of aggregate variables such as GDP,.