Filter By
Filter Reset
Lectures
  • All Lectures
  • Lecture 1 (2)
  • Lecture 2 (2)
  • Lecture 3 (2)
  • Lecture 4 (2)
  • Lecture 5 (1)
  • Lecture 6 (2)
  • Lecture 7 (2)
  • Lecture 9 (2)
  • Lecture 10 (2)
  • Lecture 11 (2)
  • Lecture 12 (2)
Semester
Class Notes (1,032,714)
AUS (35,062)
UC (307)
6355 (21)

Class Notes for 6355 at University of Canberra

Introduction to Economics

6355 Lecture Notes - Lecture 12: Inflation Targeting, Official Cash Rate, Real Interest Rate

Week 12- Fiscal Policy and International Trade Fiscal Policy Policy objectives; Economic growth Full employment Stable price level Policy Instruments Fiscal policy Monetary policy ...

University of Canberra
6355
All Professors
6355 Lecture Notes - Lecture 11: Aggregate Supply, Price Level, Frictional Unemployment

Week 11 Inflation and Unemployment Inflation Price level: a measure of the average prices of goods and services in the economy Inflation: the sustained increase in the general level of prices in the economy Deflation: ...

University of Canberra
6355
All Professors
6355 Lecture Notes - Lecture 3: Ceteris Paribus, Price Ceiling, Common Agricultural Policy

Week 3 - Elasticity, Market Outcomes and Market Intervention Elasticity: a measure of how much one economic variable - such as the quantity demanded of a product - responds to changes in another economic var...

University of Canberra
6355
All Professors
6355 Lecture Notes - Lecture 10: Aggregate Supply, Aggregate Demand, Interest Rate

Week 10 Macroeconomics and Economic Growth Macroeconomics/Microeconomics Microeconomics: the study of how households and firms make choices, how they interact in markets, and how the government attempts to influence th...

University of Canberra
6355
All Professors
6355 Lecture Notes - Lecture 4: Ceteris Paribus, Marginal Product, Diminishing Returns

Week 4 - Technology, Production and Costs Firm: a organisation that comes into being when a person or a group of people decides to produce a good or service to meet a perceived demand Technology: the...

University of Canberra
6355
All Professors
6355 Lecture Notes - Lecture 9: Perfect Competition, Social Cost, Market Failure

Week 9 The Role of Government in Market Failure Whats good about the market? - Equilibrium in a competitive market results in the economically efficient level of output, where marginal benefit equals marg...

University of Canberra
6355
All Professors
6355 Lecture Notes - Lecture 6: Marginal Revenue, Deadweight Loss, Rent-Seeking

Week 6 Competition, Monopoly, and Efficiency Monopoly: the only seller of a good or service that does not have a close substitute - High barriers to entry - Usually economic profit in both the shirt run and ...

University of Canberra
6355
All Professors
6355 Lecture Notes - Lecture 2: Competitive Equilibrium, Marginal Utility, Economic Equilibrium

Week 2 - Demand, Supply and Equilibrium Quantity demanded: the amount of a good or service that buyers are willing an able to buy at a given price The law of demand states that, other things being eq...

University of Canberra
6355
All Professors
6355 Lecture Notes - Lecture 7: Imperfect Competition, Allocative Efficiency, Product Differentiation

Week 7 Imperfect Competition Imperfect Competition Previously examined: perfect competition and monopoly In perfect competition, competing firms have no power to set prices In a monopoly, the fo...

University of Canberra
6355
All Professors
6355 Lecture Notes - Lecture 1: Scientific Method, Planned Economy, Opportunity Cost

Week 1 Basics of Economics Basic Concepts in Economics Scarcity vs wants Resources are limited, but human wants are unlimited Economics studies the choices that people make living in this world of s...

University of Canberra
6355
All Professors
6355 Lecture Notes - Lecture 10: Aggregate Demand, Output Gap, Business Cycle

Microeconomics is the study of how households and firms make choices, how they interact in markets, and how the government attempts to influence their choices. Macroeconomics is the study of the national economy and glob...

University of Canberra
6355
Tesfaye Gebremedhin
6355 Lecture Notes - Lecture 12: Deadweight Loss, Opportunity Cost, Economic Surplus

Policy objects are always for economic growth, full employment and stable price levels. Fiscal policy: changes in federal taxes and purchases that are intended to achieve macroeconomic policy objectives, such as high emp...

University of Canberra
6355
Tesfaye Gebremedhin
6355 Lecture Notes - Lecture 9: Allocative Efficiency, Marginal Utility, Marginal Cost

Equilibrium in a competitive market results in the economically efficient level of output, where marginal benefit equals marginal cost. Equilibrium in a competitive market results in the greatest amount of economic surplu...

University of Canberra
6355
Tesfaye Gebremedhin
6355 Lecture Notes - Lecture 11: Opportunity Cost, Human Capital, Potential Output

Price level: a measure of the average prices of goods and services in the economy Inflation: the sustained increase in the general level of prices in the economy Deflation: the sustained decline in the general price level....

University of Canberra
6355
Tesfaye Gebremedhin
6355 Lecture Notes - Lecture 7: Nash Equilibrium, Game Theory, Monopolistic Competition

In perfect competition, competing firms have no power to set prices. In a monopoly, the firm does have the power to set prices by no competition occurs. Markets in which competition firms have power to set their prices ar...

University of Canberra
6355
Tesfaye Gebremedhin

Log In


OR

Don't have an account?

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


OR

By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.


Submit