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Class Notes for Economics at James Madison University

Exam Study Guides for Economics Courses

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ECON 200 Lecture Notes - Lecture 22: Ellen Johnson Sirleaf, Wangari Maathai, Sub-Saharan Africa
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April 20, 2017 Modern Development Economics Look at geography to tell rich or poor Culture – free Tibet because land locked – no industry Institutions • Slow moving, bureaucratic • Ex. Trump can’t make all d...

Economics
ECON 200
bobsubrick
ECON 200 Lecture Notes - Lecture 24: Microfinance, Corn Laws, Protestant Work Ethic
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April 27, 2017 Final: Tim Leonard’s talk = extra credit Take quiz average * 80% AS/ AD Modern Development Economics The European Miracle • Rise of university & science o Library = transfer of knowl...

Economics
ECON 200
bobsubrick
ECON 200 Lecture Notes - Lecture 23: Malaria
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April 25, 2017 Final: Modern Economic Development NX equals out Curved shifts + curved shifts – why Current topic in news – why it relates GDP and life expectancy has increased in Africa Botswana: • Bad geog...

Economics
ECON 200
bobsubrick
ECON 200 Lecture Notes - Lecture 21: Malaria, Industrial Revolution, Poverty Trap
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April 13, 2017 Malaria decreases productivity and international trade Property, money, prices  always been around Quiz Q 3 – Bourgeois dignity  results are biased in favor Final Exam:  4-6 questions  ...

Economics
ECON 200
bobsubrick
ECON 200 Lecture Notes - Lecture 20: Robert Fogel, Protestantism
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April 11, 2017 Robert Fogel The role of railroads in American economic growth: 1. RRs are supposed to have been important 2. RRs half as costly as the alternatives, RRs carried half the stuff and transportati...

Economics
ECON 200
bobsubrick
ECON 200 Lecture Notes - Lecture 19: Robert Solow, Malthusian Trap, Truancy
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April 6, 2016 Monetary = money supply = interest rates  Fed Fiscal = taxes & spending  Congress The Economics of the Great Divergence Why are some countries rich & some poor? No country was r...

Economics
ECON 200
bobsubrick
ECON 200 Lecture Notes - Lecture 18: Global Saving Glut, Taylor Rule, Federal Funds
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April 4, 2017 Bourgeois Revolution = dignity & liberty The Great Recession – some tentative explanations Not GREED Wall Street is already known to be greedy  no change Economic growth has been slowing down ...

Economics
ECON 200
bobsubrick
ECON 200 Lecture Notes - Lecture 17: New Keynesian Economics, Rational Expectations, Herbert Hoover
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April 1, 2017 (snow day make up) The New Keynesians  Thinks RBC is too far  Ration expectations o Issues: competing models o Assumption  Very similar to monetarism ...

Economics
ECON 200
bobsubrick
ECON 200 Lecture Notes - Lecture 16: Dueling Banjos, Homophony, Art Music
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March 28, 2017 Japan II Japanese Culture Today: Japanese Music life in the past 100 years  More involved with non-traditional music o Western art music taught at schools o Western popula...

Economics
ECON 200
bobsubrick
ECON 200 Lecture Notes - Lecture 15: Rolling Rock, Iphone 6
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March 21, 2017 Complacent class: Not creating Examples: Horse and buggy to car  efficient lifestyle IPhone 6 to 7  doesn’t change much Reverting back to old technology that is “cool” Vinyl rec...

Economics
ECON 200
bobsubrick
ECON 200 Lecture Notes - Lecture 14: Monetarism, Monetary Policy, Fiscal Policy
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March 16, 2017 Deficit: 1 year Debt: sum of deficits When in debt government holds bonds Government borrows: • Interest UP o Demand for credit UP • NX US • Consumer durables UP Monetary Pol...

Economics
ECON 200
bobsubrick
ECON 200 Lecture Notes - Lecture 13: Real Estate Transfer Tax, Money Creation, Phillips Curve
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March 2, 2017 Monetarism in AS/ AD Suppose the money supply contracts  Recession (assume monetary policy works) P LRAS1 SRAS1 AD1 ...

Economics
ECON 200
bobsubrick
ECON 200 Lecture Notes - Lecture 12: Monetarism, Move, Fisher Hypothesis
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February 28, 2017 Monetary Policy – Fractional Reserve Banking Keynesian: cause is government spending  expectations • Banks are not required to keep 100% of deposits in the bank • Reserve requirement – banks...

Economics
ECON 200
bobsubrick
ECON 200 Lecture 11: class feb 23
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February 23, 2017 Government Expenditure Multiplier: But estimated multiplier range from 2.5 to 2.5 If its 2.5, what is the implied savings rate? o Idle resources (how many?) cash for clunkers cars went foreign Deadweight ...

Economics
ECON 200
bobsubrick
ECON 200 Lecture 10: class feb 21
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February 21, 2017 Schools of ShortRun Macroeconomic Thought Keynesian Model increase spending optimism Keynes claims Classical economists could NOT explain involuntary unemployment (workers willing to work at current wage...

Economics
ECON 200
bobsubrick
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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