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Class Notes for CAS EC 102 at Boston University (BU)

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BUCAS EC 102Bruce WatsonSpring

CAS EC 102 Lecture Notes - Lecture 6: Potential Output, Infant Mortality, Physical Capital

OC26431632 Page
7 Feb 2019
0
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BUCAS EC 102Bruce WatsonSpring

CAS EC 102 Lecture 5: Unemployment and Economic Growth

OC26431632 Page
5 Feb 2019
0
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BUCAS EC 102Bruce WatsonSpring

CAS EC 102 Lecture 4: CPI, Inflation and Interest Rates

OC26431632 Page
1 Feb 2019
0
Cas ec 102, lecture #4, cpi, inflation and interest rates. Reasons why cpi may overstate inflation: substitute bias: the cpi uses fixed weights, so it
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BUCAS EC 102Bruce WatsonSpring

CAS EC 102 Lecture 3: Calculating GDP

OC26431633 Page
29 Jan 2019
0
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BUCAS EC 102Bruce WatsonSpring

CAS EC 102 Lecture Notes - Lecture 2: Gross Domestic Product, Final Good

OC26431632 Page
25 Jan 2019
0
Cas ec 102, lecture #2, macroeconomics and gdp. Macroeconomics: macroeconomics is the study of all the consumers and producers in all markets of the ec
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BUCAS EC 102Bruce WatsonSpring

CAS EC 102 Lecture 5: Unemployment and Economic Growth

OC26431632 Page
5 Feb 2019
0
View Document
BUCAS EC 102Bruce WatsonSpring

CAS EC 102 Lecture 4: CPI, Inflation and Interest Rates

OC26431632 Page
1 Feb 2019
0
Cas ec 102, lecture #4, cpi, inflation and interest rates. Reasons why cpi may overstate inflation: substitute bias: the cpi uses fixed weights, so it
View Document
BUCAS EC 102Bruce WatsonSpring

CAS EC 102 Lecture Notes - Lecture 2: Gross Domestic Product, Final Good

OC26431632 Page
25 Jan 2019
0
Cas ec 102, lecture #2, macroeconomics and gdp. Macroeconomics: macroeconomics is the study of all the consumers and producers in all markets of the ec
View Document
BUCAS EC 102Bruce WatsonSpring

CAS EC 102 Lecture Notes - Lecture 6: Potential Output, Infant Mortality, Physical Capital

OC26431632 Page
7 Feb 2019
0
View Document
BUCAS EC 102Bruce WatsonSpring

CAS EC 102 Lecture 3: Calculating GDP

OC26431633 Page
29 Jan 2019
0
View Document
BUCAS EC 102Andre SwitalaSpring

CAS EC 102 Lecture 1: EC102Notes - Material up to Exam1

OC83393219 Page
14 Apr 2016
26
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BUCAS EC 102Bruce WatsonWinter

CAS EC 102 Lecture Notes - Lecture 1: Business Cycle, Fiscal Policy, Aggregate Demand

OC9491912 Page
2 May 2016
9
Characteristics of macro: time frame, expectations matter, time frame: long run vs short run, expectations matter, greater complexity-more complex math
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BUCAS EC 102Bruce WatsonWinter

CAS EC 102 Lecture Notes - Lecture 3: Cd15, Disinflation, Gdp Deflator

OC9491915 Page
2 May 2016
7
The value of all goods and services measured at current prices. Assume there are n goods produced in the economy: In 2014, nominal gdp was about 17 bil
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BUCAS EC 102Bruce WatsonWinter

CAS EC 102 Lecture Notes - Lecture 9: Low Countries, Hong Kong, Financial Capital

OC9491913 Page
2 May 2016
6
Low k stock high mpk high returns to investment higher domestic savings higher returns to __________ Rich countries growth is on higher side of graph.
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BUCAS EC 102Bruce WatsonWinter

CAS EC 102 Lecture Notes - Lecture 4: Real Interest Rate, Nominal Interest Rate, Savings Account

OC9491915 Page
2 May 2016
3
Value in later year dollars is equal to the value in earlier year dollars times consumer price index (later year) divided by cpi (earlier year) Value i
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BUCAS EC 102Bruce WatsonWinter

CAS EC 102 Lecture Notes - Lecture 8: Technological Change, Marginal Product, Technology Transfer

OC9491914 Page
2 May 2016
5
3: the per labor hour production function (review, new growth theory, convergence: Another implication of diminishing marginal product of capital. The
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BUCAS EC 102Bruce WatsonWinter

CAS EC 102 Lecture Notes - Lecture 5: Opportunity Cost, Business Cycle, Trade Adjustment Assistance

OC9491916 Page
2 May 2016
1
To find this number, the government asks people a series of questions: If no, the surveyor then asks did you look for work in the last month? . If you
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