Filter By
Filter Reset
Lectures
  • All Lectures
  • Lecture 1 (1)
  • Lecture 2 (2)
  • Lecture 3 (3)
  • Lecture 4 (2)
  • Lecture 5 (1)
  • Lecture 6 (3)
  • Lecture 7 (1)
  • Lecture 8 (1)
  • Lecture 9 (1)
  • Lecture 10 (2)
  • Lecture 11 (2)
  • Lecture 12 (1)
  • Lecture 15 (1)
Semester
Class Notes (1,030,200)
US (404,312)
UMN (3,926)
ECON (30)
ECON 1102 (21)

Class Notes for ECON 1102 at University of Minnesota Twin Cities

Principles of Macroeconomics

ECON 1102 Lecture Notes - Lecture 6: Berkshire Hathaway, Warren Buffett, Franco Modigliani

Financial Intermediaries Bridge the gap between savers and borrowers Gather savings and allocate it to the most profitable investments Promote economic growth through increase Saving and Investment Saving income that is n...

Economics
ECON 1102
Bradley David
ECON 1102 Lecture Notes - Lecture 4: Longrun, Diminishing Returns, Physical Capital

Key concepts: The Solow Model and CatchUp Growth The Solow Model Details and Further Lessons Growing on the Cutting Edge: The Economics of Ideas The Future of Economic Growth There are two types of growth Catchup growth T...

Economics
ECON 1102
Bradley David
ECON 1102 Lecture Notes - Lecture 3: Import Substitution Industrialization, Scientific Method, Panama Canal

Three key facts: GDP per capita today varies enormously among nations Everyone used to be poor There are miracle growths and miracle disasters The Rule of 70 The time it takes a quantity to double Doubling time = 70 growth...

Economics
ECON 1102
Bradley David
ECON 1102 Lecture Notes - Lecture 12: Protectionism, Comparative Advantage
Premium

Chapter 19 International Trade Tuesday, November 28, 2017 4:26 PM Introduction Trade is generally beneficial o Trade makes people better off when preferences differ o Trade increases productivity through Specialization Div...

Economics
ECON 1102
Bradley David
ECON 1102 Lecture 11: Chapter 17 Federal Budget
Premium

Chapter 17 Federal Budget: Taxes and Spending Tuesday, November 21, 2017 10:37 AM Tax Revenues Major sources of revenue o Individual income tax o Social Security and Medicare taxes o Corporate income tax Individual Income ...

Economics
ECON 1102
Bradley David
ECON 1102 Lecture Notes - Lecture 10: Monetary Policy, Disinflation, 18 Months
Premium

Chapter 16 Monetary Supply Monday, November 20, 2017 8:47 PM Monetary Policy: Best Case The Fed can use monetary policy to shift the AD curve back and reduce the length and severity of the recession Two diff...

Economics
ECON 1102
Bradley David
ECON 1102 Lecture Notes - Lecture 9: Federal Reserve System, Janet Yellen, Ben Bernanke
Premium

Chapter 15 Tuesday, November 14, 2017 4:09 PM Why was the Fed created: 1907 there was a crisis o Bank runs o Government had no appropriate response JP Morgan o Asked big bankers to donate ...

Economics
ECON 1102
Bradley David
ECON 1102 Lecture Notes - Lecture 8: Aggregate Demand, Aggregate Supply, Nominal Rigidity
Premium

Dynamic AS-AD Model Tuesday, October 31, 2017 4:06 PM Introduction Business fluctuation: fluctuations in the growth rate of real GDP around its trend growth rate Recession: significant, widespread decline in...

Economics
ECON 1102
Bradley David
ECON 1102 Lecture 7: Chapter 12
Premium

Chapter 12 Thursday, October 26, 2017 4:08 PM Defining Inflation Inflation: an increase in the average level of prices Inflation rate: the percentage change in the average level of prices (as measured by a price index) ove...

Economics
ECON 1102
Bradley David
ECON 1102 Lecture Notes - Lecture 6: Loanable Funds, Consumption Smoothing, Time Preference
Premium

Chapter 9 Thursday, October 12, 2017 4:17 PM Saving and Investment Saving: income that is not spent on consumption goods Investment: purchase of new capital: tools, machinery, factories What determines the supply ...

Economics
ECON 1102
Bradley David
ECON 1102 Lecture Notes - Lecture 5: Diminishing Returns, Physical Capital, Marginal Product
Premium

Chapter 8 Tuesday, September 26, 2017 4:01 PM There are two types of growth: Catch-up growth o Takes advantage of ideas, technologies, or methods of management already in existence Cutting-edge ...

Economics
ECON 1102
Bradley David
ECON 1102 Lecture Notes - Lecture 4: Human Capital
Premium

Chapter 7 Thursday, September 14, 2017 4:43 PM Wealth of Nations and Growth Three key facts o GDP per Capita today varies enormously among nations o Everyone used to be poor o There are growth...

Economics
ECON 1102
Bradley David
ECON 1102 Lecture Notes - Lecture 3: Black Market, Income Approach, Business Cycle
Premium

Chapter 6 Tuesday, September 12, 2017 4:06 PM GDP per Capita GDP and GDP per capita are measures used to reflect changes and differences in standards of living Gross domestic product (GDP) - the market value...

Economics
ECON 1102
Bradley David
ECON 1102 Lecture Notes - Lecture 2: Economic Surplus, Absolute Advantage, Demand Curve
Premium

Intro to Trade and Micro Review Thursday, September 7, 2017 4:05 PM Specialization, Productivity, and the Division of Knowledge Division of knowledge increases as a market grows Modern growth is mainly due to new knowledge...

Economics
ECON 1102
Bradley David
ECON 1102 Lecture Notes - Lecture 1: Invisible Hand, Opportunity Cost, Human Capital
Premium

Intro and Micro Review Tuesday, September 5, 2017 4:29 PM BIG IDEAS Incentives Matter: Incentives - rewards and penalties that motivate behavior Incentives are everywhere o We take for granted that we can...

Economics
ECON 1102
Bradley David
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

Log In


OR

Don't have an account?

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


OR

By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.


Submit