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Class Notes for ECN 600 at Ryerson University

RYERSONECN 600Leo MichelisWinter

ECN 600 Lecture Notes - Lecture 1: Nominal Interest Rate, Real Interest Rate, Open Market Operation

OC7995369 Page
29 Feb 2016
26
Chapter 9: the is-lm model: macroeconomic equilibrium with fixed prices. E = c + i + g + nx. E = [c0 + cy(1-t)y] + [io ir x r] + g + [xfyf + x - im . E
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RYERSONECN 600Leo MichelisWinter

ECN 600 Lecture Notes - Lecture 2: Aggregate Supply, Aggregate Demand, Potential Output

OC7995368 Page
29 Feb 2016
26
Hence, we say in these models output is demand determined . In fact, the equilibrium point in these models gives us the aggregate demand for goods and
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RYERSONECN 600Leo MichelisWinter

ECN 600 Lecture Notes - Lecture 3: Labour Market Flexibility, Real Interest Rate, Aggregate Supply

OC7995365 Page
29 Feb 2016
20
Okun"s law shows the relationship between unemployment rate and the real gdp: u u* = -0. 6 x (y y*/ y*, (y y*/ y*) = - 1. 7 x (u-u*) This relationship
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RYERSONECN 600Leo MichelisFall

ECN 600 Lecture Notes - Lecture 6: Ricardian Equivalence, Budget Constraint, Real Interest Rate

OC74713613 Page
3 Dec 2018
0
C s y t y c (1 t r s. Chapter 9 -a two-period model: the consumption-savings decision and credit. Topics: consumer"s consumption/savings decision respo
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RYERSONECN 600Leo MichelisFall

ECN 600 Lecture Notes - Lecture 9: Real Business-Cycle Theory, Business Cycle, Real Wages

OC74713615 Page
3 Dec 2018
0
13 business cycle models with flexible prices and wages. Topics: real business cycle model, keynesian coordination failure model, business cycle theori
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RYERSONECN 600Leo MichelisFall

ECN 600 Lecture Notes - Lecture 8: Monetary Policy, Nominal Interest Rate, Bank Reserves

OC74713610 Page
3 Dec 2018
0
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RYERSONECN 600Leo MichelisFall

ECN 600 Lecture Notes - Lecture 7: Ricardian Equivalence, Marginal Product, Business Cycle

OC74713619 Page
3 Dec 2018
0
Topics: credit market imperfections and consumption, asymmetric information and the financial crisis. Credit market imperfections and the financial cri
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RYERSONECN 600Leo MichelisFall

ECN 600 Lecture Notes - Lecture 10: Real Interest Rate, Budget Constraint, Aggregate Demand

OC74713613 Page
3 Dec 2018
0
Chapter 16. international trade in goods and assets. Topics: a two-period open economy model the current account, credit market imperfections and defau
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