Class Notes for ECN 204 at Ryerson University

RYERSONECN 204Khyati AntaniFall

ECN 204 Lecture Notes - Lecture 1: Fiscal Policy

OC2176942 Page
25 Oct 2015
80
Goals: high rate of growth of gdp, low employment rate, low inflation rate, no consistent deficit in the budget. If government is spending more that it
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RYERSONECN 204Eric KamWinter

ECN204 Lecture 1: An Introduction to Macroeconomics

OC5211413 Page
24 Jan 2016
40
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RYERSONECN 204Khyati AntaniFall

ECN 204 Lecture Notes - Lecture 2: National Research Universal Reactor, Disposable And Discretionary Income, Income Tax

OC2176945 Page
25 Oct 2015
58
Nominal gdp = current quantity x current price. Real gdp = current q x base year price. Gdp2014 = quantity 2014 x price 2014 (base year) Circular flow
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RYERSONECN 204Khyati AntaniFall

ECN 204 Lecture Notes - Lecture 3: Consumption Function, Fixed Income, Shortage

OC2176944 Page
25 Oct 2015
48
Inflation: an increase in the average price level over time. *how to calculate inflation rate: [(cpi2015 cpi2014)/cpi2014] x 100. *rule of 70: # of yea
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RYERSONECN 204Eric KamWinter

204 Lecture 12: ECN FINAL EXAM NOTES.docx

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15 Jun 2015
67
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RYERSONECN 204Xingfei LiuWinter

ECN 204 Lecture Notes - Lecture 2: Canadian Dollar, Business Cycle, Purchasing Power Parity

OC5498755 Page
7 Feb 2016
63
Week 2: chapter 6: an introduction to macroeconomics. In assessing the health and development of an economy, macroeconomists focus on: real gdp, unempl
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RYERSONECN 204Xingfei LiuWinter

ECN204 Lecture 1: Chapter 1 Intro to Economics

OC5498757 Page
20 Jan 2016
41
Economics: the social science that studies how individuals, institutions, and society make optimal choices under conditions of scarcity. Human wants ar
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RYERSONECN 204Xingfei LiuWinter

ECN 204 Lecture Notes - Lecture 2: Invisible Hand, Economic System, Externality

OC5498757 Page
7 Feb 2016
46
Economic systems differ in two important ways: who owns the factors of production and the method used to coordinate economic activity. A particular set
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RYERSONECN 204Tom BarbieroWinter

ECN 204 Lecture Notes - Corn Crib, Gdp Deflator, Corporate Bond

OC892284 Page
13 Feb 2013
240
1. suppose that the annual rates of growth of real gdp of econoland over a five- year period were as follows: 3 percent, 1 percent, -2 percent, 4 perce
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RYERSONECN 204Khyati AntaniFall

ECN 204 Lecture Notes - Lecture 5: Aex Index

OC2176942 Page
15 Nov 2015
73
Real gdp = current q x base year p. Gnp= gdp+ canadian incomes abroad foreigners income in canada. Gdp depreciation = ndp ( net domestic product) Ndp i
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RYERSONECN 204Xingfei LiuWinter

ECN 204 Lecture Notes - Lecture 3: National Income And Product Accounts, Alimony, Income Approach

OC5498755 Page
18 Feb 2016
40
Measuring the economy"s performance: gdp statements for business firms. National income accounts serve a similar purpose for the economy, as do income.
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RYERSONECN 204Khyati AntaniFall

ECN 204 Lecture Notes - Lecture 6: Aggregate Demand, Indirect Tax, Quid Pro Quo

OC2176947 Page
15 Nov 2015
28
Aggregate demand (ad): overall demand for all goods and services at various price levels: household demand (c, business (i, government (g, foreigners (
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