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All Educational Materials for ECO102H1 at University of Toronto St. George (UTSG)

UTSGECO102H1Robert GazzaleWinter

ECO102H1- Midterm Exam Guide - Comprehensive Notes for the exam ( 22 pages long!)

OC211892122 Page
16 Feb 2018
0
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UTSGECO102H1Michael HoSummer

ECO102H1 Study Guide - Summer 2018, Comprehensive Midterm Notes - Inflation, Interest Rate, Price Level

OC2241881101 Page
12 Oct 2018
0
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UTSGECO102H1Michael HoSummer

ECO102H1 Study Guide - Comprehensive Final Exam Guide - Inflation, Interest Rate, Price Level

OC2241881101 Page
20 Nov 2018
0
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UTSGECO102H1Ho Cheung (Michael) HoWinter

ECO102H1 Study Guide - Midterm Guide: Loanable Funds, Autarky, Parsec

OC256733613 Page
8 Mar 2019
0
A= the least amount needed to survive (consumption) This chapter we learned how savings is equal to investment. S = y t + t c g. If t>tr + g, budget su
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UTSGECO102H1Jessica BurleyWinter

ECO102H1 Study Guide - Final Guide: Output Gap, Open Market Operation, Gdp Deflator

OC5017116 Page
5 Apr 2017
0
When, for each good produced, the marginal cost of production is equal to the price. The cost to the producer of the last good sold, equals the price p
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UTSGECO102H1Gustavo IndartSummer

ECO102H1 Study Guide - Net Domestic Product

OC1305444 Page
11 Aug 2013
20
Gross domestic product (gdp): total value of final goods and services produced in the economy during a given period. Gdp is a flow of new products duri
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UTSGECO102H1Gustavo IndartSummer

ECO102H1 Study Guide - Aggregate Demand, Diminishing Returns

OC1305444 Page
31 Jul 2013
25
An increase/decrease in the price level (p) shifts the ae curve downward/upward. This shift of the ae curve is due to the effect of changes in p on: co
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UTSGECO102H1allWinter

ECO102H1 Study Guide - Final Guide: Tax Rate, United States Dollar, Aggregate Demand

OC5804812 Page
20 Nov 2013
96
Almost all of the following questions have appeared on final exams. Trade sometimes appears as a question in the macro portion of the exam, so there ar
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UTSGECO102H1W.G.WolfsonWinter

ECO102H1 Study Guide - Final Guide: Open Market Operation, Gross Domestic Product, Autonomous Consumption

OC3672812 Page
5 Apr 2012
75
Almost all of the following questions have appeared on final exams. Trade sometimes appears as a question in the macro portion of the exam, so there ar
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UTSGECO102H1Gustavo IndartSummer

ECO102H1 Study Guide - Reserve Requirement, Commercial Bank, Fiat Money

OC1305447 Page
11 Aug 2013
27
Money is a medium of exchange (acceptable in exchange for goods and services) M1 = currency in circulation + demand deposits. As canada"s central bank,
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UTSGECO220Y1Blanchenay, P.Fall

ECO220Y1 Chapter Notes - Chapter 1-2: List Of Statistical Packages, Control Key, End Time

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11 Sep
0
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UTSGECO220Y1AllFall

ECO220Y1Y UTSG Final Exam220 APR16 Solution

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31 Jan 2019
0
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UTSGECO220Y1AllFall

ECO220Y1Y UTSG Term Test 3 220 JAN15

OC254029412 Page
31 Jan 2019
0
Term test #3, eco220y1y, january 30, 2015, prof. murdock: Keep these papers closed on your desk until the start of the test is announced. This test has
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UTSGECO220Y1AllFall

ECO220Y1Y UTSG Term Test 220 4 MAR17 Solution

OC25402943 Page
31 Jan 2019
0
March 31, 2017, 9:10 11:00 am (1) (a) be unchanged. [the number of observations would go up, but there is no reason to expect an upward or downward cha
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UTSGECO220Y1AllFall

ECO220Y1Y UTSG Term Test 220 4 MAR16 Solution

OC25402943 Page
31 Jan 2019
0
Because the sample sizes in eco220y for both males and females are much bigger than. Two things can lead to bigger (cid:1872)-statistics: (1) larger di
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UTSGECO220Y1AllFall

ECO220Y1Y UTSG Term Test 220 4 APR13 FORM A Solution less paper

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31 Jan 2019
0
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UTSGECO220Y1AllFall

ECO220Y1Y UTSG Term Test 220 2 JUN15 Solution

OC25402943 Page
31 Jan 2019
0
Eco220y, test #2, june 26, 2015, 2:00 5:00, solutions/rubrics (1) (a) rubric: 0: no evidence of any familiarity with the paper. 2: familiarity with the
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UTSGECO220Y1AllFall

ECO220Y1Y UTSG Term Test 220 2 JAN14

OC254029412 Page
31 Jan 2019
0
There are 5 questions on 12 pages with varying point values for a total of 88 possible points. The last page is a formula sheet and normal table: once
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UTSGECO220Y1AllFall

ECO220Y1Y UTSG Term Test 220 1 OCT17 Solution

OC25402942 Page
31 Jan 2019
0
October 6, 2017, 9:10 11:00 am (1) (a) these data are panel (longitudinal) data. This is a quite significant drop and especially for a country like can
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UTSGECO220Y1AllFall

ECO220Y1Y UTSG Term Test 220 1 OCT15 FORM A Solution

OC25402942 Page
31 Jan 2019
0
(1) [1pt] bubble your form code (a). (to earn the point, mark it for both q1 and on the front of your bubble form. ) (2) [2pts] it could also report th
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UTSGECO102H1Ho Cheung (Michael) HoWinter

ECO102H1 Lecture Notes - Lecture 12: Classical Economics, Capital Outflow, Money Supply

OC25673364 Page
1 Apr 2019
0
P y = v m. How many times on average each 1 dollar changes hands in a period. Everything has enough time to make all necessary adjustments. In the long
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UTSGECO102H1Ho Cheung (Michael) HoWinter

ECO102H1 Lecture Notes - Lecture 13: Phillips Curve, Monetary Policy, Money Supply

OC25673363 Page
1 Apr 2019
0
Fiscal and monetary policy can change ad. Each sr phillips curve corresponds to a particular sras when we shift the ad around. Since the shift in ad, c
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UTSGECO102H1Ho Cheung (Michael) HoWinter

ECO102H1 Study Guide - Final Guide: Fiscal Policy, Aggregate Supply, Aggregate Demand

OC256733621 Page
2 Apr 2019
0
Topics included (separation according to class: gdp & cpi/ unemployment & inflation, economic growth/ savings & investment/ income & Expenditure: aggre
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UTSGECO102H1Ho Cheung (Michael) HoWinter

ECO102H1 Lecture Notes - Lecture 11: Commercial Bank, Reserve Requirement, Profit Margin

OC25673365 Page
21 Mar 2019
0
Desire to reserve ratio of 10: keep reserves because the depositors may want to withdraw their money, assets i. Reserves will be : withdrawals, atm cas
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UTSGECO102H1Ho Cheung (Michael) HoWinter

ECO102H1 Lecture Notes - Lecture 10: Excess Reserves, Fiat Money, Unemployment

OC25673365 Page
12 Mar 2019
0
In recession, income and taxes drop, while transfer payments will go up. T goes down and transfer goes up. But it is more likely to run a deficit. If y
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UTSGECO102H1Ho Cheung (Michael) HoWinter

ECO102H1 Study Guide - Midterm Guide: Loanable Funds, Autarky, Parsec

OC256733613 Page
8 Mar 2019
0
A= the least amount needed to survive (consumption) This chapter we learned how savings is equal to investment. S = y t + t c g. If t>tr + g, budget su
View Document
UTSGECO102H1Ho Cheung (Michael) HoWinter

ECO102H1 Lecture Notes - Lecture 9: Fiscal Policy, Stagflation, Government Budget Balance

OC25673363 Page
8 Mar 2019
0
Last lecture adjustment will eventually reach to yf again. All workers will get the work back. Normally 2 years for a contract, a lot of time. Governme
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UTSGECO102H1Ho Cheung (Michael) HoWinter

ECO102H1 Lecture Notes - Lecture 8: Autarky, Open Economy, Autonomous Consumption

OC25673367 Page
26 Feb 2019
0
Every round of income expansion, there is a money not spend back on domestic output. In general the format of the multiplier is . If y= c + i + g + nx
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UTSGECO102H1Ho Cheung (Michael) HoWinter

ECO102H1 Lecture Notes - Lecture 7: Disposable And Discretionary Income, Consumption Function, Redistribution Of Income And Wealth

OC25673367 Page
21 Feb 2019
0
The bigger the mpc the larger multiplier. As income goes up, disposable income goes up in every round there will be a larger increase in consumption. I
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UTSGECO102H1Ho Cheung (Michael) HoWinter

ECO102H1 Lecture Notes - Lecture 6: Parsec

OC25673365 Page
13 Feb 2019
0
A= the least amount needed to survive (consumption) Because t-tr are given ,the change in gdp comes from change in income. Y: c mp c x y d. Average pro
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UTSGECO102H1Ho Cheung (Michael) HoWinter

ECO102H1 Lecture 5: Chapter 10 Part 2

OC25673366 Page
5 Feb 2019
0
S = y t + t c. We know that government savings is equal to their fiscal budget position and can be defined as. If t>tr + g, budget surplus positive sav
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UTSGECO102H1Ho Cheung (Michael) HoWinter

ECO102H1 Lecture Notes - Lecture 4: Government Spending, Autarky, Human Capital

OC25673365 Page
4 Feb 2019
0
Increase in human capital and physical capital. The savings-investment spending identity dictates that savings and investment are always equal for the
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UTSGECO102H1Ho Cheung (Michael) HoWinter

ECO102H1 Lecture Notes - Lecture 3: Fallacy, Free Trade, Physical Capital

OC25673367 Page
22 Jan 2019
0
1: same amount of inputs, but more output, squeezing all you can from the inputs c. Increase in efficiency to handle inputs: may be due to technologica
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UTSGECO102H1Ho Cheung (Michael) HoWinter

ECO102H1 Lecture Notes - Lecture 2: Employment-To-Population Ratio, Real Wages, Disinflation

OC25673367 Page
18 Jan 2019
0
A + b not in the labour force. C + d compose the labour force. Are actively working or looking for a job. The labour force participation rate increased
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UTSGECO102H1Ho Cheung (Michael) HoWinter

ECO102H1 Lecture 1: & Texbook: Chapter 6&7

OC25673366 Page
16 Jan 2019
0
New ideas founded by keynes after the powerful negative consequences of the great depression in the economy. Recessions and slow economic growths are m
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UTSGECO102H1Robert GazzaleWinter

ECO102H1 Lecture Notes - Lecture 26: Fractional-Reserve Banking, Bank Reserves, Reserve Requirement

OC26418685 Page
6 Mar 2019
0
Goodthing i available to pay back depositors who withdrawa. Bad thing earns low interest rate target reserve ratio. Fractional a 2 equilibria reserve b
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UTSGECO102H1Robert GazzaleWinter

ECO102H1 Lecture Notes - Lecture 25: Xm Satellite Radio, Money Supply, Reserve Requirement

OC26418683 Page
4 Mar 2019
0
Long run assume no change in what purchase with. It g x m y y permanent g. Cct it ust t f infrastructure s affect long term growth may y services ie ha
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UTSGECO102H1Robert GazzaleWinter

ECO102H1 Lecture Notes - Lecture 23: Parsec

OC26418683 Page
27 Feb 2019
0
Fiscal policy part 2 automaticstabilizer progressive taxi put moredisposable income into people"s pocket during recessions yd t t t s multiplier effect
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UTSGECO102H1Robert GazzaleWinter

ECO102H1 Lecture 22: ECO102 - LEC22 - fiscal policy part 1

OC26418683 Page
25 Feb 2019
0
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UTSGECO102H1Robert GazzaleWinter

ECO102H1 Lecture Notes - Lecture 16: Farad, Keynesian Economics, Aggregate Supply

OC26418684 Page
19 Feb 2019
0
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UTSGECO102H1Robert GazzaleWinter

ECO102H1 Lecture 17: ECO102 - LEC17 - Aggregate Supply & Demand Part 2

OC26418684 Page
13 Feb 2019
0
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UTSGECO102H1Robert GazzaleWinter

ECO102H1 Lecture Notes - Lecture 14: Parsec

OC26418685 Page
6 Feb 2019
0
C 30 t f yd yd y i no taxes no government transfer. 105 yeq yeq yeq yeq 105. Pt t cy yd y wngov"t mo. Tslope yeq denominator smaller ly slop. ly . Pt y
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UTSGECO102H1Robert GazzaleWinter

ECO102H1 Lecture Notes - Lecture 13: Parsec, Dae Dae, Pessimism

OC26418684 Page
4 Feb 2019
0
Potential gdp y all factor production employed at normal utilization levels. I natural unemployment y y inflationarygap expansion low unemployment high
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UTSGECO102H1Robert GazzaleWinter

ECO102H1 Lecture 11: ECO102 - LEC11 - Financial System Part 2

OC26418683 Page
30 Jan 2019
0
Futurevalue fv: abond the amount to be repaid fixed including default risk the amount received today depends on nominal interest rate generally high li
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UTSGECO102H1Robert GazzaleWinter

ECO102H1 Lecture Notes - Lecture 10: Tibet, Loanable Funds, Vestment

OC26418685 Page
29 Jan 2019
0
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UTSGECO102H1Robert GazzaleWinter

ECO102H1 Lecture Notes - Lecture 8: Production Function, Workforce Productivity, Human Capital

OC26418683 Page
24 Jan 2019
0
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UTSGECO102H1William G. WolfsonWinter

ECO102H1 Lecture 3: ECO102 Lec03

OC25138324 Page
23 Jan 2019
0
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UTSGECO102H1Robert GazzaleWinter

ECO102H1 Lecture 7: ECO102- LEC7- Long Run GDP Growth

OC26418683 Page
22 Jan 2019
0
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UTSGECO102H1Robert GazzaleWinter

ECO102H1 Lecture 5: ECO102-LEC5-CPI&Inflation

OC26418684 Page
17 Jan 2019
0
If the cpi meas. me inflation rate will overstate the increase in the cost of. 600 for quality living increase in price quality improved while. Price r
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UTSGECO102H1William G. WolfsonWinter

ECO102H1 Lecture 2: ECO102 Lec02

OC25138324 Page
16 Jan 2019
0
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UTSGECO102H1Robert GazzaleWinter

ECO102H1 Lecture Notes - Lecture 4: Structural Unemployment

OC26418684 Page
14 Jan 2019
0
Problems with gdp as a measure of wealth created. Ignore the cost of aeating gdp resource depletion environmental degradation leisure and quality of li
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UTSGECO102H1William G. WolfsonWinter

ECO102H1 Lecture 1: ECO102 Lec01

OC25138323 Page
7 Jan 2019
0
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UTSGECO102H1zzzzzzzzzFall

ECO102H1 Lecture Notes - Lecture 19: Marginal Revenue, Profit Maximization, Perfect Competition

OC5374884 Page
19 Nov 2015
59
Eco100y1 lecture 19 topic 9: firms in competitive markets ii (picking up from last class"s points, elaborating on them ) Remember: revenue = p q (examp
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UTSGECO102H1zzzzzzzzzFall

ECO102H1 Lecture Notes - Lecture 18: Imperfect Competition, Marginal Revenue, Perfect Competition

OC5374885 Page
17 Nov 2015
46
Eco100y1 lecture 18 firms in competitive markets i. There are 4 types of markets, this (a competitive market) is an extreme case. Because of points 1 a
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UTSGECO102H1Robert GazzaleSpring

ECO102H1 Lecture 1: lecture 1 (3)

OC22367921 Page
16 Jan 2018
0
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UTSGECO102H1Ho Cheung (Michael) HoWinter

ECO102H1 Lecture 1: & Texbook: Chapter 6&7

OC25673366 Page
16 Jan 2019
0
New ideas founded by keynes after the powerful negative consequences of the great depression in the economy. Recessions and slow economic growths are m
View Document
UTSGECO102H1Robert GazzaleSpring

ECO102H1 Lecture 1: Eco 102 Notes

OC22367921 Page
15 Jan 2018
0
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UTSGECO102H1W.G.WolfsonSpring

ECO102H1 Lecture 8: ECO102 LA1--LA7

OC237762515 Page
8 Mar 2018
0
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UTSGECO102H1Ho Cheung (Michael) HoWinter

ECO102H1 Lecture 5: Chapter 10 Part 2

OC25673366 Page
5 Feb 2019
0
S = y t + t c. We know that government savings is equal to their fiscal budget position and can be defined as. If t>tr + g, budget surplus positive sav
View Document
UTSGECO102H1Ho Cheung (Michael) HoWinter

ECO102H1 Lecture Notes - Lecture 12: Classical Economics, Capital Outflow, Money Supply

OC25673364 Page
1 Apr 2019
0
P y = v m. How many times on average each 1 dollar changes hands in a period. Everything has enough time to make all necessary adjustments. In the long
View Document
UTSGECO102H1Ho Cheung (Michael) HoWinter

ECO102H1 Lecture Notes - Lecture 10: Excess Reserves, Fiat Money, Unemployment

OC25673365 Page
12 Mar 2019
0
In recession, income and taxes drop, while transfer payments will go up. T goes down and transfer goes up. But it is more likely to run a deficit. If y
View Document
UTSGECO102H1Ho Cheung (Michael) HoWinter

ECO102H1 Lecture Notes - Lecture 3: Fallacy, Free Trade, Physical Capital

OC25673367 Page
22 Jan 2019
0
1: same amount of inputs, but more output, squeezing all you can from the inputs c. Increase in efficiency to handle inputs: may be due to technologica
View Document
UTSGECO102H1Ho Cheung (Michael) HoWinter

ECO102H1 Lecture Notes - Lecture 4: Government Spending, Autarky, Human Capital

OC25673365 Page
4 Feb 2019
0
Increase in human capital and physical capital. The savings-investment spending identity dictates that savings and investment are always equal for the
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UTSGECO102H1Robert GazzaleWinter

ECO102H1 Lecture Notes - Lecture 8: Production Function, Workforce Productivity, Human Capital

OC26418683 Page
24 Jan 2019
0
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UTSGECO102H1Michael HoSummer

ECO102H1 Chapter Notes - Chapter 10: Loanable Funds, Government Budget Balance, Balanced Budget

OC22418817 Page
22 Jul 2018
0
Gdp = (c + g) + (cid:1845)(cid:3028)(cid:3047)(cid:3042)(cid:3041)(cid:3028) (cid:1845)(cid:3049)(cid:3028)(cid:3047) = (cid:4666)(cid:3005) + (cid:466
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UTSGECO102H1Michael HoSummer

ECO102H1 Chapter Notes - Chapter 6: John Maynard Keynes, Monetary Policy, Business Cycle

OC22418813 Page
17 Jul 2018
0
Microeconomics focuses on how decisions are made by individual firms and the consequences of those decisions. Macroeconomics examines the overall behav
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UTSGECO102H1Robert GazzaleWinter

ECO100Y1 Chapter 13: Aggregate Supply and Demand and Fiscal Policy

OC11269972 Page
8 Mar 2017
1
Aggregate demand curve: relationship between aggregate price level and aggregate output demanded by households, business, government. Quantity demanded
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UTSGECO102H1Michael HoSummer

ECO102H1 Chapter Notes - Chapter 7: Gross Domestic Product, Investment Goods, Unemployment Benefits

OC22418814 Page
17 Jul 2018
0
Chapter 7: gdp and the cpi: tracking the macroeconomy. National income and product accounts, or national accounts, keep track of spending of consumers,
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UTSGECO102H1Michael HoSummer

ECO102H1 Chapter Notes - Chapter 8: Jobless Recovery, Structural Unemployment, Structural Change

OC22418815 Page
18 Jul 2018
0
Employment: total number of people aged 15 and older currently employed, either full time or part time. Unemployment: total number of available people
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UTSGECO102H1Michael HoSummer

ECO102H1 Chapter Notes - Chapter 9: Factors Of Production, Production Function, Longrun

OC22418814 Page
19 Jul 2018
0
We focus on real gdp per capita (real gdp divided by population size) because we want to isolate the effect of changes in the population. Ex: other thi
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UTSGECO102H1Michael HoSummer

ECO102H1 Chapter Notes - Chapter 11: Consumption Function, Autarky, Inventory Investment

OC22418816 Page
7 Aug 2018
0
For the sake of this analysis, we initially make four simplifying assumptions: We assume that producers are willing to supply additional output at a fi
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UTSGECO102H1Robert GazzaleWinter

ECO102H1 Chapter Notes - Chapter 20: Gross National Product, Transfer Payment, Investment Goods

OC418659 Page
12 Jun 2013
56
Central topic of macroeconomics is the overall level of economic activity (aggregate output and the income that is generated by its production). Produc
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UTSGECO102H1Robert GazzaleWinter

ECO102H1 Chapter Notes - Chapter 14,15: Canada Deposit Insurance Corporation, Bank Reserves, Deposit Insurance

OC11269973 Page
22 Mar 2017
0
Money: asset easily used to purchase goods, services. Money supply: total value of financial assets in economy considered money. Broader definition inc
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UTSGECO102H1Jessica BurleyFall

ECO100Y1 Chapter 19: Measuring National Income (Part 1)

OC5017113 Page
1 Mar 2016
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UTSGECO102H1allFall

Textbook Guide Economics: Exchange Rate, Loanable Funds, Real Interest Rate

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Supply and demand for loanable funds and for foreign-currency exchange. S = i + nco: s = saving, i = domestic investment, nco = net capital outflow. A
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Textbook Guide Economics: The Residents

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The flow of goods: exports, imports and net exports. Exports are goods and services produced domestically and sold internationally. Imports are good an
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Textbook Guide Economics: Efficiency Wage, Human Capital, Price Floor

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Education typically increases the workers" wages from a human-capital view because it increases productivity; alternatively, education could also signa
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