Class Notes for Jack Carr

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UTSGECO102H1Jack CarrWinter

Lecture 27-Macroeconomics Overview

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1 Aug 2010
48
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UTSGECO102H1Jack CarrWinter

Lecture 30-The Multiplier

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1 Aug 2010
58
Autonomous expenditure independent of charges in y [gdp] Change in autonomous expenditure => shift in ae schedule => new intercept of ae. Example:  :
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UTSGECO102H1Jack CarrWinter

Lecture 29-Aggregate Demand and Aggregate Supply

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1 Aug 2010
57
Gdp measures: (1) national output (2) national income. Savings (s) = income not consumed: key concepts. Marginal  propensity  to  consume (mpc) = 
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UTSGECO102H1Jack CarrWinter

Lecture 28-GDP

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1 Aug 2010
46
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UTSGECO102H1Jack CarrWinter

Lecture 32-Aggregate Supply Curve

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1 Aug 2010
31
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UTSGECO102H1Jack CarrWinter

Lecture 26-The Role of Government

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1 Aug 2010
40
Role of government in a market economy: 2574;011. 03. 1,709,:70. January 21, 2010: monopoly, externalities, public goods. Excludabilit
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UTSGECO102H1Jack CarrWinter

Lecture 34-Inflationary-Recessionary Gap (LRAS)

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1 Aug 2010
39
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UTSGECO102H1Jack CarrWinter

Lecture 39-Monetary Policy in AD-AS Model (Short-term)

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1 Aug 2010
32
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UTSGECO102H1Jack CarrWinter

Lecture 36-Money

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1 Aug 2010
26
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UTSGECO102H1Jack CarrWinter

Lecture 33-Shifts in Aggregate Supply Curve

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1 Aug 2010
31
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UTSGECO102H1Jack CarrWinter

ECO102H1 Lecture Notes - Lecture 42: Canadian Dollar, Mexican Peso, Exchange Rate

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1 Aug 2010
25
Canada does not have comparative advantage in production of textiles. Insight: if terms of trade increase, country is better off. Example: (1) country
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UTSGECO102H1Jack CarrWinter

Lecture 41-Comparative Advantage and Gains from Trade

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1 Aug 2010
20
Jane has comparative advantage in production of corn. Jane has absolute advantage in production of both cloth and corn (he can produce cloth at a lower
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