PART 01 Fundamentals of Macroeconomics

CHAPTER 01 What is Macroeconomics? 1
CHAPTER 02: STRUCTURE AND MEASUREMENT OF THE NATIONAL ECONOMY 4

PART 02 Determination of National Income

CHAPTER 03 Determination of National Income 16
CHAPTER 04: THE IS-LM MODEL AND MACROECONOMIC POLICY 28
CHAPTER 05 Economic Openness and Macroeconomics 49
CHAPTER 06 International Capital Movements and the Macroeconomy 62

PART 03 National Income and Prices

CHAPTER 07 The Aggregate Demand-Aggregate Supply Model 81
CHAPTER 08 Understanding the Aggregate Supply Curve 103
CHAPTER 09 Unemployment 117
CHAPTER 10: Inflation and Price Stability Policy 124
CHAPTER 11: The Economic Stabilization Policy Debate 146

PART 04 Decision-making by individual economic entities

CHAPTER 12 Consumption and Savings 164
CHAPTER 13 Investing 190
CHAPTER 14 Finance and Government Debt 200

PART 05 MONEY AND FINANCE

CHAPTER 15 MONEY SUPPLY AND DEMAND 215
CHAPTER 16: MONETARY POLICY 229
CHAPTER 17 Financial Markets and Financial Crises 238

PART 06 Long-term economic growth

CHAPTER 18 Economic Growth 248
CHAPTER 19: Economic Fluctuations and New Trends in Macroeconomics 277

This book is a study guide to practice problems for Professors Kim Kyung-soo and Park Dae-geun's "Macroeconomics, 7th Edition" (Park Young-sa).
In this revised edition, we have carefully selected and added questions from previous national exams to each chapter, providing practical assistance to students preparing for various exams.
Additionally, new, high-difficulty practice problems have been added to Chapter 6, "International Capital Movements and the Macroeconomy," and Chapter 18, "Economic Growth."
In addition, we have corrected many typos discovered over time and refined the expression of sentences to make them more natural.

Any shortcomings or errors in the editing process are entirely my responsibility.
Please send your suggestions for improvement to the email address below and we will be happy to review them.
I would like to express my sincere gratitude to the professors who entrusted me with editing this book, and to the students who helped improve its quality through their various questions.
e-mail: treenamu@naver.com

June 2025
Kim Jin-wook on behalf of the professors