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Semester
Class Notes (1,032,981)
CA (592,374)
U Windsor (2,333)
41 (89)
Peter Miller (22)

Class Notes for Peter Miller

Introduction to Economics II

Exam Study Guides for 41-111

Covers all exam topics.

41-111 Lecture Notes - Lecture 24: Government Debt, Aggregate Demand, Aggregate Supply
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Economics Lecture 24  Budget Deficit = G – T + iD  G – T = primary budget deficit  For simplicity, assume that G and iD are independent of GDP and T depend on GDP  Increase in GDP ...

Economics
41-111
Peter Miller
41-111 Lecture Notes - Lecture 19: Demand Curve, Opportunity Cost, Aggregate Demand
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Economics Lecture 19 Chapter 28: Money, Interest Rates, and Economics Activity  Two types of assets: o Money o Bonds (interest-bearing)  Bond o A financial asset that promi...

Economics
41-111
Peter Miller
41-111 Lecture Notes - Lecture 17: Barter, Diminishing Returns, Knowledge Transfer
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Economics Lecture 17 Technological Change  In neoclassical theory, technology is assumed to be exogenous  Exogenous – not explained by theory  Many innovations are embodied in physical or human capital...

Economics
41-111
Peter Miller
41-111 Lecture Notes - Lecture 18: Mortgage Loan, Reserve Requirement, Excess Reserves
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Economics Lecture 18 Central Bank  A bank that acts as a banker to the commercial banking system and government Bank of Canada  Started its operations on March 11, 1935  Publicly owned corpor...

Economics
41-111
Peter Miller
41-111 Lecture Notes - Lecture 22: Nairu, Frictional Unemployment, Structural Unemployment
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Economics Lecture 22 With Monetary Validation Approach: Fast  Increase in money supply o Decrease in interest rates o Increase in investment o AD shifts to the right o ...

Economics
41-111
Peter Miller
41-111 Lecture Notes - Lecture 20: Deflation, Output Gap, Aggregate Supply
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Economics Lecture 20 Neutrality of Money  Increase in money supply o Decrease in interest rate o Increase in investment o Increase in aggregate expenditures o Increase ...

Economics
41-111
Peter Miller
41-111 Lecture Notes - Lecture 15: Physical Capital, Human Capital, Redistribution Of Income And Wealth
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Economics Lecture 15 Chapter 26: Long Run Growth Economic Growth  Sustained long-run increases in the level of real GDP  Small differences in income growth rates make a lot of difference in levels of ...

Economics
41-111
Peter Miller
41-111 Lecture Notes - Lecture 16: Diminishing Returns, Shortage, Human Capital
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Economics Lecture 16  National saving (NS) = private saving + public saving  NS = Y* - T – C + T – G  NS = Y* - C – G Relationship Between Interest Rate and NS  Increase in interest rate ...

Economics
41-111
Peter Miller
41-111 Lecture Notes - Lecture 12: Aggregate Demand, Stagflation, Output Gap
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Economics Lecture 12 Contractionary AD Shocks  Result of o Decrease in G 0 o Decrease in I 0 o Decrease in C 0 o Decrease in business confidence  AD curve ...

Economics
41-111
Peter Miller
41-111 Lecture Notes - Lecture 13: Investment Goods, Potential Output, Output Gap
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Economics Lecture 13 Automatic Fiscal Stabilizers  Elements of fiscal policy that reduce the responsiveness of real GDP to changes in autonomous expenditures  Recall: Y = [1/(1-b (1-t)+m)] [C + 0 ...

Economics
41-111
Peter Miller
41-111 Lecture Notes - Lecture 14: Shortage, Potential Output
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Economics Lecture 14 Productivity  An increase in productivity is called productivity growth  The economy’s level of productivity grows only gradually from year to year but increases substantially ov...

Economics
41-111
Peter Miller
41-111 Lecture Notes - Lecture 10: Aggregate Supply, Demand Curve, Aggregate Demand
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Economics Lecture 10 Chapter 23: Output and prices in the short run  So far, we have assumed that prices are constant. We will relax this assumption Demand Side  Increase in price level: ...

Economics
41-111
Peter Miller
41-111 Lecture Notes - Lecture 11: Shortage, Output Gap, Aggregate Supply
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Economics Lecture 11 Aggregate Supply Shocks  Aggregate supply shocks cause the price level and real GDP to change in opposite directions o Increase in price = decrease in output = “stagflation” ...

Economics
41-111
Peter Miller
Economics 41-111 Lecture 8: Economics Lecture 8
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Economics Lecture 8 Simple Multiplier (with government) = 1[1b(1t)] Effects of Fiscal Policy Government Expenditures oIncrease in G = increase in autonomous AE 2 expenditures = increase in aggregate AE 1 expenditures = AE ...

Economics
41-111
Peter Miller
41-111 Lecture Notes - Lecture 9: Xm Satellite Radio, Open Economy
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Economics Lecture 9 Open Economy  M = mY  Imports = (marginal propensity to import)(national income)  Marginal propensity to import o Measures the increase in import expenditures induced by a ...

Economics
41-111
Peter Miller
Permachart - Marketing Reference Guide: Net Asset Value, Mutual Fund, U.S. Securities And Exchange Commission

l e a r n • r e f e r e n c e • r e v i e w permacharts TM Mutual Funds WHAT IS A MUTUAL FUND? PURCHASING & REDEE...

Biology
BIOL2721
All Professors
Macroeconomics - Reference Guides

Take a look at the big picture. This chart covers national income accounting, inflation, consumption, economic growth, money supply, labor markets, monetary policy, international trade, supply side economics, and fiscal po...

Business and Political Economy Program
BPEP-UB 2
All Professors
Permachart - Marketing Reference Guide: Marginal Revenue, Profit Maximization, Marginal Cost

l e a r n • r e f e r e n c e • r e v i e w permacharts TM Microeconomics Microeconomics TYPES OF MARKETS ...

E-Business Marketing
ECN 102
All Professors
Permachart - Marketing Reference Guide: National Environmental Policy Act, Municipal Solid Waste, Criteria Air Contaminants

l e a r n • r e f e r e n c e • r e v i e w permacharts TM EEnvironmental Law ENVIRONMENTAL REGULATION NATIONAL ENVIRONMENTAL POL...

LAW
LAW 356
All Professors

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