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Class Notes for Economics at University of Pennsylvania

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ECON 002 Lecture Notes - Lecture 27: Government Spending, Aggregate Demand
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Econ-002: Macro Economics – Lecture 27 – Aggregate Supply and Demand IV Grades: - 25% Best Midterm + 22% Second Best Midterm + 40% Final Exam + 13* Aplia Score Exam - There will be question from t...

Economics
ECON 002
Luca Bossi
ECON 002 Lecture Notes - Lecture 26: Money Supply, Business Cycle, Stock Market Crash
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Econ-002: Macro Economics – Lecture 26 – Aggregate Supply and Demand III Using AD & AS to depicit LR Growth and Inflation - In the long run, tech, progress shift to the right - Growth and consumption a...

Economics
ECON 002
Luca Bossi
ECON 002 Lecture Notes - Lecture 25: Aggregate Demand, Microeconomics, Output Gap
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Econ-002: Macro Economics – Lecture 25 – Aggregate Supply and Demand II Three theories of SRAS – Due to imperfections of market (continued) - Sticky wage theory - Sticky price theory - The mispercep...

Economics
ECON 002
Luca Bossi
ECON 002 Lecture Notes - Lecture 23: Exchange Rate, Loanable Funds, Foreign Exchange Market
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Econ-002: Macro Economics – Lecture 23 – Open Economy Part IV Price in the currency exchange context - When real exchange rate increases, net export decreases I.e. when real exchange rate is low, for exa...

Economics
ECON 002
Luca Bossi
ECON 002 Lecture Notes - Lecture 24: Real Business-Cycle Theory, Aggregate Demand, Aggregate Supply
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Econ-002: Macro Economics – Lecture 24 – Aggregate Supply and Demand Fluctuations - Recessions: 2 consecutive period of economic downturn - Economic fluctuations are irregular and unpredictable - Mo...

Economics
ECON 002
Luca Bossi
ECON 002 Lecture Notes - Lecture 21: Real Interest Rate, Capital Outflow, Capital Account
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Econ-002: Macro Economics – Lecture 21 – Open Economy Part II Current Account: - Balance of Payments = current account + capital account = 0 o Capital account = capital inflow – capital outflow ...

Economics
ECON 002
Luca Bossi
ECON 002 Lecture Notes - Lecture 22: Loanable Funds, Market Power, Substitute Good
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Econ-002: Macro Economics – Lecture 22 – Open Economy Part III PPP Implications - If PPP holds, then e = 1 - E = P(foreign)/ P and thus if the two countries have different inflation rates, then E ...

Economics
ECON 002
Luca Bossi
ECON 002 Lecture 20: Open Economy Part I
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Econ-002: Macro Economics – Lecture 20 – Open Economy Part I Open and Closed Economies - An open economy interacts freely with other economies around the world. o Buys and sells goods and services ...

Economics
ECON 002
Luca Bossi
ECON 002 Lecture Notes - Lecture 19: Money Supply
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Econ-002: Macro Economics – Lecture 18 – Money in the Long Run Hyperinflation - In fear of money decrease in value, a lot of transaction happens (to get rid of the money), and thus velocity increases. Ac...

Economics
ECON 002
Luca Bossi
ECON 002 Lecture Notes - Lecture 18: Gdp Deflator, Money Supply, Production Function
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Econ-002: Macro Economics – Lecture 18 – Money in the Long Run Money and Inflation - Quantity Theory of Money: Money quantity and inflation rate are in a positive correlation Value of Money - Valu...

Economics
ECON 002
Luca Bossi
ECON 002 Lecture Notes - Lecture 12: Adverse Selection, Risk Aversion, Stock Market
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Econ-002: Macro Economics – Lecture 12 – Tools of Finance Part 2 Risk Aversion - Most people are risk averse – people dislike uncertainty o This means that higher-risk investments require higher rat...

Economics
ECON 002
Luca Bossi
ECON 002 Lecture Notes - Lecture 13: Capital Accumulation, Diminishing Returns, Autarky
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Econ-002: Macro Economics – Lecture 13 – Solow Growth Model Part 1 Solow model: named after Robert Solow - Important!!! Solow model win the Nobel in 1987 – last multiple choice of the next midterm Model ...

Economics
ECON 002
Luca Bossi
ECON 002 Lecture Notes - Lecture 14: Solow–Swan Model
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Econ-002: Macro Economics – Lecture 14 – Solow Growth Model Part 2 Steady State - The steady state happens when K = K t+1 t - Deriving from the Solow model: o K t+1 = t A (K ) –tn ...

Economics
ECON 002
Luca Bossi
ECON 002 Lecture Notes - Lecture 15: Commodity Money, Multiple Choice
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Econ-002: Macro Economics – Lecture 14 – Solow Model Part 3 & Money, the Monetary System and Monetary Policy Part I Implications oand Predictions of the Model - High savings rate means high GDP per capita in lon...

Economics
ECON 002
Luca Bossi
ECON 002 Lecture Notes - Lecture 16: Bank Reserves, Federal Reserve System, Reserve Requirement
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Econ-002: Macro Economics – Lecture 16 – Money, the Monetary System, and Monetary Policy Part II Monetary Aggregates - Money Supply = Monetary Aggregates = quantity of money available in economy. - Asset in...

Economics
ECON 002
Luca Bossi
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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