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Class Notes for Economics at University of California - Berkeley

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ECON 100B Lecture Notes - Lecture 5: Real Interest Rate, Exogeny, Perfect Competition
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ECON 100B Lecture 5 Saving and Investment in Closed and Open Economies, Part 2 Open Economies (there is international trade) Open economies are ones that engage in international trade so that: 1. Exports are positive, i....

Economics
ECON 100B
Steve Wood
ECON 100B Lecture Notes - Lecture 5: Autarky, Real Interest Rate, Autonomous Consumption
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ECON 100B - Lecture #5 - Saving and Investment in Closed and Open Economies, Part 1 National Saving: Sources and Uses The Sources of National Saving: Saving = current income - current spending ...

Economics
ECON 100B
Steve Wood
ECON 1 Lecture Notes - Lecture 24: European Central Bank, Open Market Operation, Openmarket
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ECO 1 : Introduction to Economics- Lecture 24: Monetary Policy Stabilizing the Economy ● In some years the economy is too weak ○ Unemployment ○ Low Wages ○ Poverty ○ Exa...

Economics
ECON 1
Enrico Moretti
ECON 001 Lecture 21: Financial Markets
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ECO 1 : Introduction to Economics- Lecture 21: Basic Tools of Finance Risk Aversion ●Most people are risk averse i.e. they dislike uncertainty ●Ex: You are offered the following gamble; Toss a fair coin ○If Heads then you ...

Economics
ECON 1
Enrico Moretti
ECON 001 Lecture 22: Inflation
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ECO 1 : Introduction to Economics- Lecture 22: Inflation What is Inflation? ●Inflation arises when prices rise to account for changes in the value of money ●Right now it is not a pressing problem. But it was in the past an...

Economics
ECON 1
Enrico Moretti
ECON 1 Lecture Notes - Lecture 20: Bond Market, Loanable Funds, Stock Market
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ECO 1 : Introduction to Economics- Lecture 20: Financial Markets Financial Markets are places where savers with extra income meet borrows willing to invest in them. ● Three basic types of markets: The Stock market...

Economics
ECON 1
Enrico Moretti
ECON 1 Lecture Notes - Lecture 17: Physical Capital, Human Capital
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ECO 1 : Introduction to Economics- Lecture 17: The New Geography of Jobs Pt 4. The Economic Map is Changing ● 1945-1980: Physical Capital ○ Physical capital refers to the “tools” a workers has ...

Economics
ECON 1
Enrico Moretti
ECON 1 Lecture Notes - Lecture 19: Human Capital, Diminishing Returns, Dutch Disease
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ECO 1 : Introduction to Economics- Lecture 19: Economic Growth 2 Major Questions: ● Why are some countries richer than others? ● How can economic policy affect growth? Gross Domestic Product (GDP) and Labor...

Economics
ECON 1
Enrico Moretti
ECON 1 Lecture Notes - Lecture 18: Uric Acid
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ECO 1 : Introduction to Economics- Lecture 18: Unemployment 2 Major Questions: ● How is unemployment measured? ● What causes unemployment? Unemployment Rate (U-rate) ● Generally, the unemployment goes up...

Economics
ECON 1
Enrico Moretti
ECON 1 Lecture Notes - Lecture 8: Economic Surplus
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ECO 1 : Introduction to Economics- Lecture 8:International Trade World Price is Important to World Trade as it Determines Whether Countries Import or Export Their Goods. ● World Price is the price of a good in the ...

Economics
ECON 1
Enrico Moretti
ECON 1 Lecture Notes - Lecture 10: Market Failure, Externality
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ECO 1 : Introduction to Economics- Lecture 9:Externalities Two Important Questions for Various Goods in the Economy ● Is the good Excludable? Where certain have access to it or everyone can use it? ● Does the ...

Economics
ECON 1
Enrico Moretti
ECON 1 Lecture Notes - Lecture 3: Demand Curve, Bacon
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ECO 1 : Introduction to Economics- Lecture 3: Law of Supply and Demand Law of Supply and Demand ● As the price of good falls, the quantity demanded rises. ● The demand curve shows how price affects quantity d...

Economics
ECON 1
Enrico Moretti
ECON 1 Lecture Notes - Lecture 2: Opportunity Cost, Comparative Advantage
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ECO 1 : Introduction to Economics- Lecture 2: Benefits from Trade Example: U.S and Japan; Why would these two countries trade? ● Goods: Corn and Wheat ● One resource: Labor ● U.S ...

Economics
ECON 1
Enrico Moretti
ECON 1 Lecture Notes - Lecture 6: Economic Surplus, Economic Equilibrium
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ECO 1 : Introduction to Economics- Lecture 6-Efficiency of Markets Consumer Surplus (CS) ● Consumer surplus measures consumer gain from participating in the market. ○ Consumer surplus is calculated by t...

Economics
ECON 1
Enrico Moretti
ECON 1 Lecture Notes - Lecture 7: Economic Surplus
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ECO 1 : Introduction to Economics- Lecture 7:Taxes What Taxes Cause ● Taxes raise revenue for government funded programs and projects ● Lowers overall benefit in market. ● A tax on a good places a wedge bet...

Economics
ECON 1
Enrico Moretti
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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