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Class Notes for Michael Ho

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UTSGECO102H1Michael HoWinter

ECO102H1 Lecture 1: 0107

OC251654313 Page
9 Jan 2019
0
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UTSGECO102H1Michael HoSummer

ECO102H1 Lecture Notes - Lecture 3: Frictional Unemployment, Structural Unemployment, Efficiency Wage

OC22418813 Page
12 Jul 2018
0
Institutionalized people: kept in institutions can"t engage in labor market. Don"t have a job and aren"t seeking one either. Unemployed: don"t have a j
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UTSGECO102H1Michael HoSummer

ECO102H1 Lecture 1: July 4, 2018

OC224188110 Page
6 Jul 2018
0
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UTSGECO102H1Michael HoFall

ECO102H1 Lecture Notes - Real Interest Rate, Investment Goods, Potential Output

OC280328 Page
5 Sep 2012
25
The aspect of economic growth is annual growth rate, the index of real per capital gdp and measure of productivity which is the index of real gdp per e
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UTSGECO102H1Michael HoSummer

ECO102H1 Lecture 2: July 5, 2018

OC224188112 Page
12 Jul 2018
0
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UTSGECO102H1Michael HoSummer

ECO102H1 Lecture Notes - Lecture 4: Human Capital, Marginal Product, Physical Capital

OC22418812 Page
13 Jul 2018
0
Short run fluctuations (around full-employment output) Long run growth (change of full-employment output) Small difference in growth rate leads to huge
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UTSGECO102H1Michael HoFall

ECO102H1 Lecture Notes - Double-Entry Bookkeeping System, Gross National Product, Northern Ireland Environment Agency

OC280326 Page
5 Sep 2012
26
The central topic of macroeconomics is the overall level of economic activity aggregate output and the income that is generated by its production. Prod
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UTSGECO102H1Michael HoSummer

ECO102H1 Lecture Notes - Lecture 6: Autonomous Consumption, Stock Market

OC22418812 Page
20 Jul 2018
0
Y = c (no change in investment) Y = (cid:4666)1++ (cid:2870)+ ) i (cid:4666)(cid:2869) (cid:4667)= (cid:2869) (cid:2869) When mpc increases, every roun
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UTSGECO102H1Michael HoFall

ECO102H1 Lecture Notes - Potential Output, Output Gap, Investment Goods

OC280324 Page
5 Sep 2012
19
Chapter 25: the difference between short run and long one macroeconomics. The simplest illustration of the distinction between short run and the long-r
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UTSGECO102H1Michael HoFall

ECO102H1 Lecture Notes - Demand For Money, Ceteris Paribus, Economic Equilibrium

OC280329 Page
5 Sep 2012
30
Chapter 28: money, interest rates, and economic activity. A bond is a financial asset that promises to make one or more specified payments at specified
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UTSGECO102H1Michael HoFall

ECO102H1 Lecture Notes - Precious Metal, Gold Certificate, Fiat Money

OC280327 Page
5 Sep 2012
23
Money is defined as any general accepted medium of exchange. Medium of exchange: anything that generally accepted in return for goods and services sold
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UTSGECO102H1Michael HoSummer

ECO102H1 Lecture Notes - Lecture 11: Currency Crisis, Business Cycle, Money Supply

OC22418811 Page
10 Aug 2018
0
Government + central bank inflation tax. The more the government rips off the public, the less money the public wants to hold, and in the end, the more
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