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Class Notes for Economics at Santa Monica College

ECON 2 Lecture Notes - Lecture 7: Stagflation, Business Cycle, Ice-T
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unemployment Tnflation Labor Force, LF unemRoyed Emplayment LE E tu 65% mul A unemploy me tf "to 3 Pes of unemeloyment D Friction AL unemployment Exist at aLL stages of the business cycle OR MALAY IS People between jobs St...

Economics
ECON 2
Anthony Chan
ECON 2 Lecture Notes - Lecture 2: Gdp Deflator, Epix, Contin
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GDP formulas For muLA EPIX Q1 outPrut nominal SOLD Price Re AL SDP Price nominal GDP SDP deflator. RedL GDP OR ReaL GDP Nominal GDP GDP deflator CAPILAL good vs Consume R good use. Business use vs Prius for Persona L lus F...

Economics
ECON 2
Anthony Chan
ECON 2 Lecture Notes - Lecture 18: Money Supply
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monetai? Policy Lecture Notes -A the federAL Reserve bentring m, e The cer-RAL Gant 1913. On of money supply -p ms m one y supply increase exEtans to male mone sumy decrease LT CE RAPI Recession ARY Ex Pan sconARY The Fed ...

Economics
ECON 2
Anthony Chan
ECON 2 Lecture 1: Doc 08-29-16 macro Lecture Notes
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ontinua fron Divide h nto two sections consamere sicn PIEn ogoods Wilding economic mode Simplification of Reality Once built, model can Predict future events Precisely model s ediction can be validated VAR iables Dependent...

Economics
ECON 2
Anthony Chan
ECON 2 Lecture Notes - Lecture 6: United States Treasury Security

The Federal Budget: Our current National Debt Crisis = 20 Trillion, or 20,000,000,000,000 with 7 interest every year. Eventually, the government will cut back on things like social security and medicare in order to cut bac...

Economics
ECON 2
Anthony Chan
ECON 2 Lecture 5: October 24th Notes

If the current level of equi8librium GDP is 5000 and the MPS is 0.2, an increase in planned investment of 50 will change equilibrium GDP to 5250. y = M I = 5 50 = 250 The GDP is up by 250 An economy lacking a government se...

Economics
ECON 2
Anthony Chan
ECON 2 Lecture Notes - Lecture 4: Fiscal Multiplier, Aggregate Supply

Macroeconomic Equilibrium AS = AE (or AD) ~ C + I + G + (E M) AE = C + I + G + (E M) Whenever the aggregate supply is equal to aggregate expenditure (or demand), then we have an equilibrium. When AS > AE, then we have an u...

Economics
ECON 2
Anthony Chan
ECON 2 Lecture Notes - Lecture 2: Output Gap, Money Supply, Government Spending

Classical Vs. Keynesian Economics Classical Economics: Economy always produced at Y (Full Employment GDP) due to complete flexibility of F wagespricesinterest rates Any deviations from Y wFre only temporary No need for any...

Economics
ECON 2
Anthony Chan
ECON 2 Lecture Notes - Lecture 10: Business Cycle, Money Supply, The Trough

Business Cycle: The ups and downs of business and economic activities Expansion and recession in the economy (GDP goes up or down, respectively) P stands for Peak, and a major concern is inflation. An action that could slo...

Economics
ECON 2
Anthony Chan
ECON 2 Lecture Notes - Lecture 31: Aggregate Demand, Consumption Function, Great Depression

Lecture Notesreview y = M G y = TM Tx M = 1 divided by 1 MPC = 1 divided by MPS TM = MPC divided by MPS = 1 M MPC + MPS = 1 APC + APS = 1 MPC = C divided by DI MPS = S divided by DI Recessionary GDP Gap: Intersecting point...

Economics
ECON 2
Anthony Chan
ECON 2 Lecture Notes - Lecture 1: Seigniorage, Fisher Hypothesis, Capital Gains Tax

Study Guide : Money, Inflation, and Monetary Policy I. Data in Economics A. Building Data Sets B. Interpreting Macroeconomic Data Procyclical: exhibits a direct relationship with the real GDP growth rate Ex. Consumer spend...

Economics
ECON 2
Anthony Chan
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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