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UMDECON 201Naveen SarnaSpring

ECON 201- Final Exam Guide - Comprehensive Notes for the exam ( 89 pages long!)

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UMDECON 201John NeriFall

ECON 201 Study Guide - Fall 2018, Comprehensive Midterm Notes - Gross Domestic Product, Full Employment, Inflation

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Required items for this class: principles of macroeconomics by parkin, 13th edition,pearson, myeconlab for parkin for graded homework assignments and p
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UMDECON 201Naveen SarnaSpring

[ECON 201] - Midterm Exam Guide - Comprehensive Notes for the exam (16 pages long!)

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UMDECON 201AllFall

Exam

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UMDECON 201AllFall

Quiz 5 Solutions

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UMDECON 201Naveen SarnaSpring

ECON 201 Midterm: Midterm 2 Review Notes

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UMDECON 201Deanna Behnke- CookSpring

ECON 201 Midterm: Exam 2 Study Guide.docx

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UMDECON 201Deanna Behnke- CookSpring

ECON 201 Study Guide - Midterm Guide: Mercantilism, Comparative Advantage, Opportunity Cost

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Identify positive vs. negative relationships, independent vs. dependent variables, the intercept and the meaning of slope: define several common statis
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UMDECON 201allFall

ECON 201 Study Guide - Fractional-Reserve Banking, Federal Reserve System, Commodity Money

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Chapter 13: saving, investment, and the financial system. These notes more closely follow the book but also lecture notes. 3. interest rate is the pric
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UMDECON 201Naveen SarnaFall

ECON 201 Study Guide - Midterm Guide: Fractional-Reserve Banking, Nominal Interest Rate, Real Interest Rate

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Financial market- institution which savers directly provide funds to borrowers bonds are certificates of indebtedness. [length of time until bond matur
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UMDECON 201John NeriFall

ECON 201 Study Guide - Final Guide: Demand Curve, Deflation, Real Interest Rate

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UMDECON 201John NeriFall

ECON 201 Lecture Notes - Lecture 30: Import Quota, Electric Car, International Trade

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Import quota: a governmental restriction on the quantities of a particular commodity that may be imported within a specific period of time, usually wit
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UMDECON 201John NeriFall

ECON 201 Lecture Notes - Lecture 29: Federal Funds Rate, Phillips Curve, Output Gap

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The decision to change the target federal funds rate begins with an assessment of the current state of the economy. Three key variables: inflation gap-
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UMDECON 201John NeriFall

ECON 201 Lecture Notes - Lecture 28: Federal Funds Rate, Monetary Base, Demand Curve

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The monetary policy instrument is a variable that the fed can directly control and closely target. There are two possible policy instruments: monetary
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UMDECON 201John NeriFall

ECON 201 Lecture Notes - Lecture 27: Core Inflation, Business Cycle, Output Gap

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Objectives of monetary policy and the framework for setting and achieving them. How the reserve makes a interest rate decision and achieves its interes
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UMDECON 201John NeriFall

ECON 201 Lecture Notes - Lecture 25: Nominal Interest Rate, Loanable Funds, Fiscal Imbalance

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Econ201 lecture 25: fiscal policy, government spending, tax policy (part 2) A tax on interest income lowers the quantity of saving and investment and s
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UMDECON 201John NeriFall

ECON 201 Lecture Notes - Lecture 24: Deflation, Tax Wedge, Potential Output

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Recent history of outlays, receipts, deficits, and debt. Explain supply-side effects of fiscal policy-aka supply-side economics. Explain how fiscal pol
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UMDECON 201John NeriFall

ECON 201 Lecture Notes - Lecture 22: Phillips Curve, Deflation, Edmund Phelps

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Econ201 lecture 22: the business cycle, government policy, inflation, deflation (part 2) Phillips curve shows the relationship between inflation rate a
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UMDECON 201John NeriFall

ECON 201 Lecture Notes - Lecture 21: Deflation, Monetary Policy, Durable Good

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Econ201 lecture 21: the business cycle, government policy, inflation and. Explain how ad and and as forces cycles in inflation and deflation. Describe
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UMDECON 201John NeriFall

ECON 201 Study Guide - Fall 2018, Comprehensive Midterm Notes - Gross Domestic Product, Full Employment, Inflation

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Required items for this class: principles of macroeconomics by parkin, 13th edition,pearson, myeconlab for parkin for graded homework assignments and p
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UMDECON 201John NeriFall

ECON 201 Lecture Notes - Lecture 20: John Stuart Mill, Monetarism, New Keynesian Economics

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Econ201 lecture 20: aggregate supply & demand (part 4) The effects of a rise in the price of oil-a negative or adverse supply shock. Real gdp decreases
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UMDECON 201John NeriFall

ECON 201 Lecture Notes - Lecture 19: Aggregate Supply, Aggregate Demand, Potential Output

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Econ201 lecture 19: aggregate supply & demand (part 3) The business cycle occurs because aggregate demand and short-run aggregate supply fluctuate. But
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UMDECON 201John NeriFall

ECON 201 Lecture Notes - Lecture 18: Aggregate Supply, Equilibrium Point, Potential Output

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Econ201 lecture 18: aggregate supply and demand (part 2) The figure shows sr equilibrium where ad=sas (short run aggregate supply) (neri 1) At price le
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UMDECON 201John NeriFall

ECON 201 Lecture Notes - Lecture 17: Nominal Interest Rate, Financial Innovation, Real Interest Rate

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Econ201 lecture 17: money, price level, inflation (part 2) How much money people want to hold depends on: Nominal money is the amount of money measured
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UMDECON 201John NeriFall

ECON 201 Lecture Notes - Lecture 16: Aggregate Supply, Aggregate Demand, Potential Output

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UMDECON 201John NeriFall

ECON 201 Lecture Notes - Lecture 14: Fiscal Multiplier

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Econ201 lecture 14: last part of tax multipliers. This represents the multiple by which gdp increases or decreases in response to an increase or decrea
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UMDECON 201John NeriFall

ECON 201 Lecture Notes - Lecture 13: Economic Equilibrium

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UMDECON 201John NeriFall

ECON 201 Lecture Notes - Lecture 11: Fiscal Multiplier

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When autonomous spending changes, the equilibrium level of real gdp changes. But the change in real gdp equilibrium level is larger than the change in
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UMDECON 201John NeriFall

ECON 201 Lecture 10: Keynesian Economics, Tax multipliers (Part 2)

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Econ201 lecture 10: keynesian economics, tax multipliers (part 2) Planned aggregate expenditure is planned consumption (c) plus planned investment (i)
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UMDECON 201John NeriFall

ECON 201 Lecture Notes - Lecture 9: Fixed Price, Consumption Function, Disposable And Discretionary Income

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Econ201 lecture 9: basic keynesian model, expenditures, tax models. Aggregate expenditure is determined when price level is fixed. How real gdp is dete
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UMDECON 201John NeriFall

ECON 201 Lecture Notes - Lecture 8: Disposable And Discretionary Income, Nominal Interest Rate, Loanable Funds

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The interest rate in the context of loanable markets is the real interest rate. We use a term called the nominal interest rate to describe the number o
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UMDECON 201John NeriFall

ECON 201 Lecture Notes - Lecture 7: Physical Capital, Financial Capital, Financial Institution

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Physical capital are goods produced in the past and are used today to produce goods and services. Financial capital are funds used by firms to buy phys
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UMDECON 201John NeriFall

ECON 201 Lecture Notes - Lecture 6: Production Function, Real Wages, Potential Output

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In this lecture, we will do four things. Shows global gdp growth from 2010 to 2013 (from neri, 1) Gdp of wealthy vs poor countries (neri, 2) Real gdp c
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UMDECON 201John NeriFall

ECON 201 Lecture Notes - Lecture 5: Hyperinflation, Gdp Deflator, Core Inflation

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The price value is the average level of prices in the economy. Why are we interested in this price level: we want to measure the inflation or deflation
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UMDECON 201John NeriFall

ECON 201 Lecture 1: Introduction

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Required items for this class: principles of macroeconomics by parkin, 13th edition,pearson, myeconlab for parkin for graded homework assignments and p
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UMDECON 201John NeriFall

ECON 201 Lecture Notes - Lecture 2: Annual Percentage Rate, Aggregate Demand, Government Budget Balance

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Graph showing decline and subsequent rise in gdp following the bailout (from the professor). Here is the graph of gdp per quarter from the end of gw bu
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UMDECON 201John NeriFall

ECON 201 Lecture Notes - Lecture 4: Income Approach, Discouraged Worker, Business Cycle

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Gdp data is compiled by the bureau of economic analysis. In every transaction, one person"s expenditure is another person"s income. Gdp is measured as
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UMDECON 201John NeriFall

ECON 201 Lecture Notes - Lecture 24: Demand Curve, Purchasing Power Parity, Devaluation

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Econ201-lecture 24-the international monetary system: order of disorder. What are exchange rates: price of a country"s currency in terms of another cou
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UMDECON 201John NeriFall

ECON 201 Lecture 25: Exchange Rates and the Macroeconomy

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An open economy trades with other nations. How do changes in exchange rates affect the domestic economy. How does fiscal and monetary policy work in a
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UMDECON 201John NeriFall

ECON 201 Final: Complete and Comprehensive 47 Page Final Exam Study Guide - Fall 2015

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UMDECON 201John NeriFall

ECON 201 Lecture Notes - Lecture 23: Aggregate Demand, Rational Expectations, Phillips Curve

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Great recession, 2007-2009 natural rate: started in december 2007: unemployment rate: 5% at the, by october 2009, 10. 1, why didn"t we simply let the e
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UMDECON 201John NeriFall

ECON 201 Lecture Notes - Lecture 22: Phillips Curve, Aggregate Demand, Lunar Reconnaissance Orbiter

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High growth policies that reduce unemployment tend to raise. Slow growth policies that reduce inflation tend to raise inflation unemployment. Tradeof:
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UMDECON 201John NeriFall

ECON 201 Lecture Notes - Lecture 21: Fiscal Policy, Monetary Policy, Output Gap

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Fed was choosing which companies would fall or not: assuming authority that belongs to the congress, putting tax payer money at risk, huge injection of
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UMDECON 201John NeriFall

ECON 201 Lecture Notes - Lecture 20: Fiscal Policy, Monetarism, Stabilization Policy

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Complications: expectations, technology, events abroad, and other factors constantly shift expenditure functions, multipliers not precisely known, full
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UMDECON 201John NeriFall

ECON 201 Lecture Notes - Lecture 19: Bear Stearns, Interest Rate, High-Yield Debt

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UMDECON 201John NeriFall

ECON 201 Lecture Notes - Lecture 17: Excess Reserves, Federal Open Market Committee, Open Market Operation

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Monetary policy: actions that the federal reserve system takes to change interest rates and the money supply, aim is to affect the economy: gdp, employ
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UMDECON 201John NeriFall

ECON 201 Lecture Notes - Lecture 18: Excess Reserves, Money Supply, Monetary Policy

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Lending to banks: fed acts as lender of last resort , fed lends to banks at the discount rate , the interest rate the fed, this provides banks with exc
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UMDECON 201John NeriFall

ECON 201 Lecture Notes - Lecture 16: Bank Reserves, Geometric Progression, Money Multiplier

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UMDECON 201John NeriFall

ECON 201 Lecture Notes - Lecture 15: Bank Reserves, Commodity Money, Transaction Account

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UMDECON 201John NeriFall

ECON 201 Lecture Notes - Lecture 14: Aggregate Supply, Disposable And Discretionary Income, Consumption Function

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UMDECON 201John NeriFall

ECON 201 Lecture Notes - Lecture 13: Fiscal Policy, Aggregate Demand, Fiscal Multiplier

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Fiscal policy: gov spending (g) and taxation (t, intent is to steer/stabilize ad. Debates over fiscal policy: multiplier effects of tax cuts (t) vs mor
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UMDECON 201John NeriFall

ECON 201 Lecture Notes - Lecture 12: Output Gap, Aggregate Demand, Aggregate Supply

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UMDECON 201John NeriFall

ECON 201 Lecture Notes - Lecture 11: Aggregate Supply

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UMDECON 201John NeriFall

ECON 201 Lecture Notes - Lecture 10: Aggregate Demand, Demand Curve, Canon Eos C300

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Multiplier is a general concept: change in c, i, g, or (x im) all have the same multiplier effect, recession of 2009, increase in federal spending of
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UMDECON 201John NeriFall

ECON 201 Lecture Notes - Lecture 9: Fiscal Multiplier, Full Employment, Demand Curve

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UMDECON 201John NeriFall

ECON 201 Lecture 8: Theory of Income and Output Determination

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UMDECON 201John NeriFall

ECON 201 Lecture Notes - Lecture 7: Consumer Spending, Consumption Function

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Econ201-lecture 7-factors that determine the level of total spending. In the aggregate, di is the sum of the income of all individuals in the economy a
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UMDECON 201John NeriFall

ECON 201 Lecture Notes - Lecture 5: Price Level, Unemployment Benefits, Aggregate Demand

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UMDECON 201John NeriFall

ECON 201 Lecture 3: Introduction to Macroeconomics

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UMDECON 201John NeriFall

ECON 201 Lecture Notes - Lecture 6: Price Level, Nominal Interest Rate, Real Interest Rate

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The cpi: cpi: an index of the cost over time of a market basket of goods purchased by a typical household, cpi includes, the part of gdp that consumers
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UMDECON 201John NeriFall

ECON 201 Lecture Notes - Lecture 4: Aggregate Demand, Aggregate Supply, Production Function

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UMDECON 201John NeriFall

ECON 201 Lecture Notes - Lecture 2: Business Cycle, Aggregate Demand, Disinflation

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UMDECON 201John NeriFall

ECON 201 Lecture 1: Introduction to Macroeconomics

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Monday and wednesday from 2:00 to 3:15pm. Discussion friday from 1:00pm 1:50pm. Office hours: monday and wednesday 10:30am 11:30am. Illness of family e
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UMDECON 201John NeriFall

ECON 201 Lecture Notes - Lecture 30: Import Quota, Electric Car, International Trade

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Import quota: a governmental restriction on the quantities of a particular commodity that may be imported within a specific period of time, usually wit
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UMDECON 201John NeriFall

ECON 201 Lecture Notes - Lecture 16: Bank Reserves, Geometric Progression, Money Multiplier

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UMDECON 201John NeriFall

ECON 201 Lecture Notes - Lecture 4: Income Approach, Discouraged Worker, Business Cycle

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Gdp data is compiled by the bureau of economic analysis. In every transaction, one person"s expenditure is another person"s income. Gdp is measured as
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UMDECON 201John NeriFall

ECON 201 Lecture 8: Theory of Income and Output Determination

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UMDECON 201John NeriFall

ECON 201 Lecture Notes - Lecture 29: Federal Funds Rate, Phillips Curve, Output Gap

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The decision to change the target federal funds rate begins with an assessment of the current state of the economy. Three key variables: inflation gap-
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UMDECON 201John NeriFall

ECON 201 Lecture 1: Introduction

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Required items for this class: principles of macroeconomics by parkin, 13th edition,pearson, myeconlab for parkin for graded homework assignments and p
View Document
UMDECON 201John NeriFall

ECON 201 Lecture Notes - Lecture 19: Bear Stearns, Interest Rate, High-Yield Debt

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61
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UMDECON 201John NeriFall

ECON 201 Lecture Notes - Lecture 15: Bank Reserves, Commodity Money, Transaction Account

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UMDECON 201John NeriFall

ECON 201 Lecture Notes - Lecture 6: Production Function, Real Wages, Potential Output

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In this lecture, we will do four things. Shows global gdp growth from 2010 to 2013 (from neri, 1) Gdp of wealthy vs poor countries (neri, 2) Real gdp c
View Document
UMDECON 201John NeriFall

ECON 201 Lecture Notes - Lecture 7: Physical Capital, Financial Capital, Financial Institution

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Physical capital are goods produced in the past and are used today to produce goods and services. Financial capital are funds used by firms to buy phys
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UMDECON 201Naveen SarnaSpring

ECON 201 Chapter Notes - Chapter 4: Perfect Competition, Demand Curve, Takers

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The terms supply and demand refer to the behavior of people as they interact with one another in competitive markets. A market is a group of buyers and
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UMDECON 201SarnaSpring

ECON 201 Chapter Notes - Chapter 10: Gross Domestic Product, Seasonal Adjustment, Intermediate Good

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Total income of everyone in the economy. Total expenditure on the economy"s output of goods and services. For an economy as a whole, income must equal
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UMDECON 201SarnaSpring

ECON 201 Chapter Notes - Chapter 4: Ice Cream, Demand Curve, Takers

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Chapter 4: the market forces of supply and demand. Market- a group of buyers and sellers of a particular good or service. Buyers determine the demand f
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UMDECON 201Naveen SarnaSpring

ECON 201 Chapter Notes - Chapter 18: Foreign Portfolio Investment, Capital Outflow, Autarky

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UMDECON 201SarnaSpring

ECON 201 Chapter Notes - Chapter 2: Opportunity Cost, Macroeconomics, Political Philosophy

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Test: collect and analyze data on prices and money from many money different countries. If the growth in the quantity of money were completely unrelate
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UMDECON 201SarnaSpring

ECON 201 Chapter 20: Chapter20AggregateDemandandAggregateSupply.pdf

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UMDECON 201SarnaSpring

ECON 201 Chapter Notes - Chapter 11: Gdp Deflator, Price Level, Real Interest Rate

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11. 1 consumer price index (cpi)- a measure of the overall cost of the goods and services bought by a typical consumer. Shows the cost of a basket of g
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UMDECON 201Naveen SarnaSpring

ECON 201 Chapter Notes - Chapter 13: Gross Domestic Product, Autarky, Loanable Funds

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UMDECON 201Naveen SarnaSpring

ECON 201 Chapter 15: Unemployment

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UMDECON 201Dr.NeriWinter

ECON 201 Chapter Notes -Opportunity Cost

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Assumptions: simplify the complex world and make it easier to understand. Different assumption for short run and long run. Models: omit details to show
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UMDECON 201John NeriFall

ECON 201 Final: Complete and Comprehensive 47 Page Final Exam Study Guide - Fall 2015

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UMDECON 201SarnaSpring

ECON 201 Final: FINAL!!!

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UMDECON 201SarnaSpring

ECON 201 Study Guide - Final Guide: Exchange Rate, Loanable Funds, Foreign Exchange Market

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Identify the choice that best completes the statement or answers the question. The figure shows two demand-for-loanable-funds curves and two supply-of-
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UMDECON 201Naveen SarnaSpring

ECON 201- Final Exam Guide - Comprehensive Notes for the exam ( 89 pages long!)

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UMDECON 201SarnaSpring

ECON 201 Study Guide - Final Guide: Gdp Deflator, Herbert Hoover, Real Interest Rate

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Identify the choice that best completes the statement or answers the question: consider a small economy in which consumers buy only two goods: apples a
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UMDECON 201SarnaSpring

ECON 201 Final: Practice Exam 3

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Identify the choice that best completes the statement or answers the question. Nominal gdp for 2007 is: , ,100, ,250, ,350. Let 2002 be the base year;
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UMDECON 201John NeriFall

ECON 201 Study Guide - Final Guide: Demand Curve, Deflation, Real Interest Rate

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UMDECON 201John NeriFall

ECON 201 Study Guide - Fall 2018, Comprehensive Midterm Notes - Gross Domestic Product, Full Employment, Inflation

OC111400751 Page
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Required items for this class: principles of macroeconomics by parkin, 13th edition,pearson, myeconlab for parkin for graded homework assignments and p
View Document
UMDECON 201John NeriFall

ECON 201 Lecture Notes - Lecture 30: Import Quota, Electric Car, International Trade

OC11140073 Page
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Import quota: a governmental restriction on the quantities of a particular commodity that may be imported within a specific period of time, usually wit
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UMDECON 201John NeriFall

ECON 201 Lecture Notes - Lecture 16: Bank Reserves, Geometric Progression, Money Multiplier

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