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UCSBECON 2Rupert PWinter

ECON 2 Lecture 9: Federal Reserve and Financial Crises

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Econ 2 lecture 9: federal reserve and financial crises. In this lecture we continued the lecture 8 powerpoint from slide 24. There have been many chang
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UCSBECON 2Rupert PWinter

ECON 2 Lecture Notes - Lecture 12: William Jennings Bryan, Three-Cent Silver, Fiat Money

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A 3 cent coin, but it was only made with 2 1/2 cents worth of silver. First time a coin was not fully backed by silver. The trime was used because it h
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UCSBECON 2Rupert PWinter

ECON 2 Lecture Notes - Lecture 11: Bitcoin, Barter, Comparative Advantage

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In 2008, a bunch of banks were going bankrupt. The federal reserve leant jp morgan a bunch of money to buy failing banks and the aig (the insurance com
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UCSBECON 2Rupert PWinter

ECON 2 Lecture Notes - Lecture 2: Absolute Advantage, Comparative Advantage, Opportunity Cost

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Econ 2 lecture 2: international trade and gdp. Misconception: protectionism (the practice of enacting tariffs to protect your country"s industry) saves
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UCSBECON 2Rupert PWinter

ECON 2 Lecture 10: Stocks

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The federal reserve influences the supply of money by influencing the federal funds rate. The cost of holding money is nominal interest rate because yo
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UCSBECON 2Rupert PWinter

ECON 2 Lecture Notes - Lecture 14: John Maynard Keynes, Ricardian Equivalence, Potential Output

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It covers topics from midterm 1 to today, and is cumulative. The stock of obligations owed by the government is the total value of government bonds out
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UCSBECON 2Rupert PWinter

ECON 2 Lecture 13: Fiscal Policy

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Debt ceiling: a limit on how much the government can borrow, put into place by the us. Fiscal policy refers to the use of government spending (g) and t
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UCSBECON 2Rupert PWinter

ECON 2 Lecture 18: Trade and Exchange Rates

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Econ 2 lecture 18: trade and exchange rates. Benefits of international trade come from comparative advantages and specialization. Comparative advantage
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UCSBECON 2Rupert PWinter

ECON 2 Lecture Notes - Lecture 8: Federal Reserve Act, Cryptocurrency, Compound Interest

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Say we wanted to find how much a loan will be in the future after interest. (loan value now)(yearly interest rate + 1) = (loan value in a year) We can
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UCSBECON 2Rupert PWinter

ECON 2 Lecture 3: GDP and Inflation

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Just as discussed last lecture, you can calculate gdp using either total spending on domestic goods, total payments, or sum of values added. It is impo
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UCSBECON 2Rupert PWinter

ECON 2 Lecture 17: Labor Markets

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UCSBECON 2Rupert PWinter

ECON 2 Lecture Notes - Lecture 19: Real Interest Rate, Microsoft Powerpoint, Purchasing Power Parity

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Econ 2 lecture 19: trade and exchange rates continued. Today"s lecture was a continuation of the powerpoint, which i already completely covered in the
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