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Class Notes for ECON1010 at Royal Melbourne Institute of Technology (RMIT) University

Macroeconomics 1

ECON1010 Lecture Notes - Lecture 2: Happy Planet Index, Gdp Deflator, Capital Expenditure

Lecture 2 MEASURING A NATIONS INCOME Learning Objectives Consider why an economys total income equals its total expenditure Learn how gross domestic pro...

ECON1010 Lecture Notes - Lecture 6: Real Interest Rate, Nominal Interest Rate, Demand Curve

Lecture 6 Financial system is the group of financial institutions in the economy that help match oe persons saving with another persons investment - The reallocation of scarce resources from savers to borrowers ha...

ECON1010 Lecture Notes - Lecture 1: Maurice Obstfeld, Opportunity Cost, Marginal Utility

Lecture 1 Microeconomics is concerned with particular markets and segments of the economy, while macroeconomics is the study of the whole economy. - Economics has the potential to improve peoples everyday lives ...

ECON1010 Lecture Notes - Lecture 11: Arbitrage, Substitute Good, Price Level

Lecture 11 ACCOUNTS IN THEBALANCE OF PAYMENTS 1) What is the current account? The flow of goods and services Income (from investment or work) Current transfers (aid-consu...

ECON1010 Lecture Notes - Lecture 9: Real Wages, Money Supply, Longrun

Lecture 9 THREE KEY FACTORS ABOUT ECONOMIC FLUCTUATIONS 1. Economic fluctuations are irregular and unpredictable. 2. Most macroeconomic variables (that measure some types of income or production) fluctu...

ECON1010 Lecture Notes - Lecture 5: Foreign Portfolio Investment, Diminishing Returns, Production Function

Lecture 5 PRODUCTION AND GROWTH - A countrys standard of living depends on its ability to produce goods and services. - Within a country there are large changes in production/standard of living o...

ECON1010 Lecture Notes - Lecture 3: The Automatic, Gdp Deflator, Real Interest Rate

Lecture 3 MEASURING THE COST OF LIVING Inflation (CPI) refers to a situation in which the economys overall price level is rising. The inflation rate is the percentage change in the price level from the p...

ECON1010 Lecture Notes - Lecture 4: Market Clearing, Moral Hazard, Frictional Unemployment

Lecture 4 UNEMPOLYMENT Unempolyment is usually seen as two separate problems Unemployment is the percentage of the labour force that is unemployed - Unemployment rate = number of unemployed/labour force x 100...

ECON1010 Lecture Notes - Lecture 8: Fisher Hypothesis, Economic Equilibrium, Seigniorage

Lecture 8 INFLATION Inflation is an increase in the overall level of prices. Deflation is a decrease in the overall price level. Hyperinflation is an extraordinarily high rate of inflation...

ECON1010 Lecture Notes - Lecture 7: Reserve Bank Of Australia, Investment Banking, Open Market Operation

Lecture 7 THE MEANING OF MONEY We all know how to spend it, but what is it really that we are spending? What is money? Money is the set of assets in an economy that people regularly use to buy goods a...

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...

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
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 356
All Professors

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