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ECON (2,101)
ECON 2400 (121)

Class Notes for ECON 2400 at York University

Intermediate Macroeconomic Theory I

Exam Study Guides for ECON 2400

Covers all exam topics.

ECON 2400 Lecture Notes - Lecture 37: Barter, Real Wages, Budget Constraint
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ECON 2400 Lecture 37 Notes - The Consumers Real Disposable Income Introduction Having specified how the representative consumer allocates time between work and leisure, we can describe the consumers real d...

Economics
ECON 2400
Wai- Ming Ho
ECON 2400 Lecture Notes - Lecture 38: Budget Constraint, Real Wages, Dependent And Independent Variables
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ECON 2400 Lecture 38 Notes - The Budget Constraint Introduction Now that we know how the representative consumer can allocate time between work and leisure and what his or her real disposable income is, we...

Economics
ECON 2400
Wai- Ming Ho
ECON 2400 Lecture Notes - Lecture 35: Indifference Curve, Utility
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ECON 2400 Lecture 35 Notes Preferences Introduction While we postpone discussion of property (3) of the representative consumers preferences until we have more machinery to analyze how the consumer behave...

Economics
ECON 2400
Wai- Ming Ho
ECON 2400 Lecture Notes - Lecture 34: Normal Good, Inferior Good
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ECON 2400 Lecture 34 Notes - The Representative Consumers Preferences Introduction More is always preferred to less. o A consumer always prefers a consumption bundle that contains more ...

Economics
ECON 2400
Wai- Ming Ho
ECON 2400 Lecture Notes - Lecture 33: Budget Constraint, Macroeconomic Model, Utility
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ECON 2400 Lecture 33 Notes - The Representative Consumer Introduction To begin, we consider the behavior of a single representative consumer, who acts as a stand-in for all of the consumers in the economy....

Economics
ECON 2400
Wai- Ming Ho
ECON 2400 Lecture Notes - Lecture 36: Barter, Indifference Curve
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ECON 2400 Lecture 36 Notes - The Representative Consumers Budget Constraint Introduction Now that we know something about the representative consumers preferences, we must also specify his or her constrain...

Economics
ECON 2400
Wai- Ming Ho
ECON 2400 Lecture Notes - Lecture 27: Scatter Plot, Time Series, Business Cycle
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ECON 2400 Lecture 27 Notes - Comovement Introduction While real GDP fluctuates in irregular patterns, macroeconomic variables fluctuate together in patterns that exhibit strong regularities. We refe...

Economics
ECON 2400
Wai- Ming Ho
ECON 2400 Lecture Notes - Lecture 29: Procyclical And Countercyclical, Standard Deviation, Business Cycle
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ECON 2400 Lecture 29 Notes - The Components of GDP Introduction We show the percentage deviations from trend in real aggregate consumption (the black line) and real GDP (the colored line). Clearly, ...

Economics
ECON 2400
Wai- Ming Ho
ECON 2400 Lecture Notes - Lecture 28: Paul Samuelson, Single-Family Detached Home, Procyclical And Countercyclical
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ECON 2400 Lecture 28 Notes Predicting the Future Path of Real GDP Introduction Typically, macroeconomic variables that efficiently summarize available information about future macroeconomic activity are p...

Economics
ECON 2400
Wai- Ming Ho
ECON 2400 Lecture Notes - Lecture 30: Phillips Curve, Procyclical And Countercyclical, Scatter Plot
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ECON 2400 Lecture 30 Notes - Nominal Variables Introduction Observed Phillips curves are notoriously unstable that is, they tend to shift over timeand there are sound theories to explain this instability. ...

Economics
ECON 2400
Wai- Ming Ho
ECON 2400 Lecture Notes - Lecture 31: Procyclical And Countercyclical, Real Wages, Business Cycle
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ECON 2400 Lecture 31 Notes - Labor Market Variables Introduction The last business cycle regularities we examine are those in labor markets, relating to the variables we determine in the business cycle mod...

Economics
ECON 2400
Wai- Ming Ho
ECON 2400 Lecture Notes - Lecture 26: Large Deviations Theory, Business Cycle, Economic Forecasting
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ECON 2400 Lecture 26 Notes - Regularities in GDP Fluctuations Introduction The primary defining feature of business cycles is that they are fluctuations about trend in real GDP. We represent the tre...

Economics
ECON 2400
Wai- Ming Ho
ECON 2400 Lecture Notes - Lecture 32: Seasonal Adjustment, Seasonality, Time Series
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ECON 2400 Lecture 32 Notes - Seasonal Adjustment Introduction The economic data we are studying in this chapter, and most data that is used in macroeconomic research and in formulating macroeconomic policy...

Economics
ECON 2400
Wai- Ming Ho
ECON 2400 Lecture Notes - Lecture 22: Gdp Deflator, Investment Goods
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ECON 2400 Lecture 22 Notes Measures of the Price Level Introduction There are two commonly used measures of the price level. The first is the implicit GDP price deflator, and the second is the consumer price index (CPI). T...

Economics
ECON 2400
Wai- Ming Ho
ECON 2400 Lecture Notes - Lecture 23: Government Budget Balance
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ECON 2400 Lecture 23 Notes Problems with Measuring Real GDP and the Price Level Introduction Particularly in how the implicit GDP price deflator is derived, the measurement of real GDP and the measurement of the price lev...

Economics
ECON 2400
Wai- Ming Ho
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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