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Class Notes for Economics at University of Missouri - Columbia

Exam Study Guides for Economics Courses

Covers all exam topics.

ECONOM 1015 Lecture Notes - Lecture 14: Excess Supply, Loanable Funds, P Money
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Money Growth & Inflation 10/12/17 TheValue of Money • 1/P = value of money ◦ P = price level (price of basket of goods, measured in money) • Inflation decreases the purchasing power ...

Economics
ECONOM 1015
Vitor Trindade
ECONOM 1015 Lecture Notes - Lecture 13: Federal Funds Rate, Root Mean Square, Term Auction Facility
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MonetaryValue What is Money & Why It's Important? • You just need to find someone else who has the good you want and exchange money with them; they can use this money to exchange with someone else • Allows people to sp...

Economics
ECONOM 1015
Vitor Trindade
ECONOM 1015 Lecture Notes - Lecture 7: Autarky, Root Mean Square, Loanable Funds
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Financial Systems & Investment 9-14-17 / 9-19-17 Financial Institutions • Financial intermediaries: institutions through which savers can indirectly provide funds to borrowers ◦ Banks, mutual funds Types of Sav...

Economics
ECONOM 1015
Vitor Trindade
ECONOM 1015 Lecture Notes - Lecture 8: Investment Fund, Market Risk, Standard Deviation
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Tools of Finance 9-19-17 / 9-21-17 PresentValue:The TimeValue of Money • Inflation is irrelevant - we're adjusting money according to the interest rate • PresentValue: amount that would b...

Economics
ECONOM 1015
Vitor Trindade
ECONOM 1015 Lecture Notes - Lecture 9: Business Cycle
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Unemployment 9-21-17 / 9-26-17 Labor Force Statistics • Employed • Unemployed - people not working who have looked for work some time during the last 4 weeks • Not in the Labor Force -...

Economics
ECONOM 1015
Vitor Trindade
ECONOM 1015 Lecture Notes - Lecture 6: Foreign Direct Investment, Human Capital, Opportunity Cost
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Increasing Productivity 9-14-17 Overview • How can we increase productivity in a country? • Living standards are determined by productivity ◦ Productivity is determined by capital, capital is dete...

Economics
ECONOM 1015
Vitor Trindade
ECONOM 1015 Lecture Notes - Lecture 2: Capital Good, Starbucks
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Consumer Price Index (CPI) 9-7-17 CPI Overview • Measures typical consumer's cost of living • Helps measure the adjustments of social security How CPI Is Calculated 1. Fix "the bask...

Economics
ECONOM 1015
Vitor Trindade
ECONOM 1015 Lecture Notes - Lecture 3: Paper Clip, Division Of Property
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Gross Domestic Product (GDP) 9517 GDP Overview How much goods services produced in a country within a certain timeframe Output produced GDP is also the total spending on goods services Components of GDP Consumption (C) I...

Economics
ECONOM 1015
Vitor Trindade
ECONOM 1015 Lecture Notes - Lecture 1: Opportunity Cost, Positive Statement, Physical Capital
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Chapter 2:Thinking Like an Economist 8-25-17 / 8-29-17 ** Macroeconomics is the study of economy-wide phenomena Economist's Roles • Scientist - explain the world using the scientific method • Pol...

Economics
ECONOM 1015
Vitor Trindade
ECONOM 1014 Lecture Notes - Lecture 21: Jim Crow Laws, American Medical Association, Real Wages
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Chapter 18: Labor Markets 4/7/17 - 4/10/17 Demand for Labor • Firm is willing to hire a worker when the worker increases the firm's revenues more than the firm's costs Marginal Product ...

Economics
ECONOM 1014
Eric Parsons
ECONOM 1014 Lecture Notes - Lecture 22: Movie Theater, Private Good, Wi-Fi
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Chapter 19: Public Goods & Resources 4/10/17 Four Types of Goods 1. Rival 2. Non-rival 3. Excludable 4. Non-excludable Rival/Non-Rival • Non-Rival: one person's use of the good does not ...

Economics
ECONOM 1014
Eric Parsons
ECONOM 1014 Lecture Notes - Lecture 20: De Beers, Strategic Dominance, Production Quota
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Chapter 15: Oligopolies 3/22/17 Overview • Markets with small number of competitors • Strategic decision-making (watching for competitors) • Oligopolies are not a single firm considering its own cos...

Economics
ECONOM 1014
Eric Parsons
ECONOM 1014 Lecture Notes - Lecture 19: Price Discrimination, Marginal Cost, Natural Monopoly
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Chapter 14: Price Discrimination 3/17/17 - 3/20/17 Overview • Charging more than one price for the same product (3rd degree) • Increase surplus as compared to simple monopoly (single-price) Simple Case • 2 markets wi...

Economics
ECONOM 1014
Eric Parsons
ECONOM 1014 Lecture Notes - Lecture 18: Market Power, Deadweight Loss, Rolex
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Chapter 13: Monopoly 3/10/17 Overview • Monopolies restrict output to raise prices ◦ Increase profits for themselves ◦ One seller, many buyers • Reduces gains from trade and produces a dea...

Economics
ECONOM 1014
Eric Parsons
ECONOM 1014 Lecture 17: Invisible Hand
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Chapter 12: The Invisible Hand 3817 Properties of the Invisible Hand 1. By maximizing profits and producing where Price=Marginal Cost, firms minimize total cost 2. By maximizing profits responding to profits, firms are as...

Economics
ECONOM 1014
Eric Parsons
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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