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ECON204 (12)

Class Notes for ECON204 at Macquarie University

Macroeconomic Analysis

ECON204 Lecture Notes - Lecture 11: Interest Rate Parity, Nominal Interest Rate, Australian Dollar
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Topic 11 Mundell-Fleming model What determines the exchange rate? How can policy makers affect exchange rates? Goods Market Equilibrium - IS In this chapter we make two simplifications: As i...

Economics
ECON204
Jeffrey Sheen
ECON204 Lecture Notes - Lecture 7: Easterlin Paradox, Capital Accumulation, Logarithmic Scale
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The Long Run Reasons for the underlying growth rate of the economy: Technological progress: this leads to improvements in a countrys productive capacity, and so standard of living improvements. Countries t...

Economics
ECON204
Jeffrey Sheen
ECON204 Lecture Notes - Lecture 10: Exchange Rate, Capital Control, Free Trade
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Topic 10 Openness has three distinct dimensions: Openness in goods markets. Free trade restrictions include tariffs and quotas. Openness in financial markets. Capital controls place restrictions on the own...

Economics
ECON204
Jeffrey Sheen
ECON204 Lecture Notes - Lecture 2: Gdp Deflator, Labour Force Survey, Final Good
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Topic 2 The key macroeconomic variables GDP: Unemployment Inflation GDP: measure of aggregate output in the national income accounts. Three definitions: Production side: o GD...

Economics
ECON204
Jeffrey Sheen
ECON204 Lecture Notes - Lecture 4: Aggregate Supply, Production Function, Monetary Policy
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Topic 4 ****HAVE NOT READ TEXTBOOK YET THIS IS PURELY FROM THE LECTURE SLIDES. WILL UPDATE ASAP The Aggregate Supply Relation Higher output leads to higher inflation The (revised) aggregate supply relation captures...

Economics
ECON204
Jeffrey Sheen
ECON204 Lecture Notes - Lecture 12: Dynamic Inconsistency, Monetary Policy, Inflation Targeting
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Topic 12 *A lot of this topic was just reviewing past topics this has been excluded from these notes. Should policy-makers be restrained? 1. Policy makers may have good intentions, but they may end up doing more h...

Economics
ECON204
Jeffrey Sheen
ECON204 Lecture Notes - Lecture 6: Liquidity Trap, Deflation, Monetary Policy
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Topic 6 Financial crises After 2008, much of the world economy suffered an intense economic crisis. Output falls in advanced countries (not Australia) were the largest since the Great Depression. The recovery has been s...

Economics
ECON204
Jeffrey Sheen
Economics
ECON204
Jeffrey Sheen
ECON204 Lecture Notes - Lecture 5: Phillips Curve, Reaction Rate Constant, Nairu
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Topic 5 The Natural Rate of Unemployment and the Phillips Curve AS Relation: = + ( + ) + L...

Economics
ECON204
Jeffrey Sheen
ECON204 Lecture Notes - Lecture 8: Fixed Capital, Capital Accumulation, Technocracy Movement
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Topic 8 Technological progress has many dimensions. It may mean: Larger quantities of output Better products New products A larger variety of products Technological progress in all 4 dimensions...

Economics
ECON204
Jeffrey Sheen
ECON204 Lecture Notes - Lecture 1: Quantitative Easing, Real Interest Rate, Financial Market
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Crisis From 2000 to 2007 there was sustained global expansion. In this time, US housing prices has doubled. In 2007, US house prices started to decline, and as they fell further, it became clear that mortgage loans made...

Economics
ECON204
Jeffrey Sheen
ECON204 Lecture Notes - Lecture 3: Workforce, Labour Force Survey, W. M. Keck Observatory
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Topic 3 The Labour Market Australian Labour Market 2017 Statistics Total Population 24.1M Civilian Population: 19.89M Labour Force: 12.93M o Employed: 12.2M o Unemployed...

Economics
ECON204
Jeffrey Sheen
Permachart - Marketing Reference Guide: Net Asset Value, Mutual Fund, U.S. Securities And Exchange Commission

l e a r n • r e f e r e n c e • r e v i e w permacharts TM Mutual Funds WHAT IS A MUTUAL FUND? PURCHASING & REDEE...

Biology
BIOL2721
All Professors
Macroeconomics - Reference Guides

Take a look at the big picture. This chart covers national income accounting, inflation, consumption, economic growth, money supply, labor markets, monetary policy, international trade, supply side economics, and fiscal po...

Business and Political Economy Program
BPEP-UB 2
All Professors
Permachart - Marketing Reference Guide: Marginal Revenue, Profit Maximization, Marginal Cost

l e a r n • r e f e r e n c e • r e v i e w permacharts TM Microeconomics Microeconomics TYPES OF MARKETS ...

E-Business Marketing
ECN 102
All Professors
Permachart - Marketing Reference Guide: National Environmental Policy Act, Municipal Solid Waste, Criteria Air Contaminants

l e a r n • r e f e r e n c e • r e v i e w permacharts TM EEnvironmental Law ENVIRONMENTAL REGULATION NATIONAL ENVIRONMENTAL POL...

LAW
LAW 356
All Professors

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