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Class Notes for Economics at Virginia Polytechnic Institute and State University

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ECON 2005 Lecture Notes - Lecture 1: Planned Economy, Consumer Sovereignty, Economic Rent

Economic systems Set of mechanisms and institutions that resolve the three basic economic questions o Pure Capitalism/Market Economy o Pure Command o Mixed and transitional eco...

ECON 2006 Lecture Notes - Lecture 16: Price Level, Seigniorage, Nominal Interest Rate
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Lecture 16 Notes Topics Covered in This Chapter Why efforts to collect an inflation tax by printing money can lead to high rates of inflation and hyperinflation What the Phillips curve is and how...

Economics
ECON 2006
Ghadir Asadi
ECON 2006 Lecture Notes - Lecture 15: Price Level, Neutrality Of Money, Aggregate Demand
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Lecture 15 Notes Topics Covered in This Chapter What the money demand curve is Why the liquidity preference model determines the interest rate in the short run How the Federal Reserve implements m...

Economics
ECON 2006
Ghadir Asadi
ECON 2006 Lecture Notes - Lecture 13: Aggregate Demand, Government Spending, Government Debt
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Lecture 13 Notes What Will be Covered in this Chapter What fiscal policy is and why it is an important tool in managing economic fluctuations Which policies constitute and expansionary fiscal policy and which constitute a ...

Economics
ECON 2006
Ghadir Asadi
ECON 2006 Lecture Notes - Lecture 12: Price Level, Aggregate Supply, Aggregate Demand
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Lecture 12 Notes What Will be Covered in this Chapter How the aggregate demand curve illustrates the relationship between the aggregate price level and the quantity of aggregate output demanded in the economy How the aggre...

Economics
ECON 2006
Ghadir Asadi
ECON 2006 Lecture Notes - Lecture 14: Commodity Money, Bank Reserves, Money Supply
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Lecture 14 Notes What Will be Covered in This Chapter The various roles money plays and the many forms it takes in the economy How the actions of private banks and the Federal Reserve determine the money supply How the Fed...

Economics
ECON 2006
Ghadir Asadi
ECON 2006 Lecture Notes - Lecture 11: Consumption Function, Business Cycle
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Lecture 11 Notes The Multiplier: An Informal Introduction Since households and firms are mutually interdependent (recall the circular flow), booms and busts involve chain reactions The multiplier he...

Economics
ECON 2006
Ghadir Asadi
ECON 2006 Lecture Notes - Lecture 10: Government Budget Balance, Loanable Funds, Nominal Interest Rate
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Chapter 10 Notes The Necessity of Finance Having a good idea isnt enough to build a business Entrepreneurs need funds: you have to spend money to make money Matching Up Savings and Investment Spending ...

Economics
ECON 2006
Ghadir Asadi
ECON 2006 Lecture Notes - Lecture 9: Potential Output, Longrun, Tax Credit
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Lecture 9 Notes The Importance of Growth Why should we be concerned about economic growth? o When output grows faster than population, GDP per capita will rise o When output grows slowe...

Economics
ECON 2006
Ghadir Asadi
ECON 2006 Lecture Notes - Lecture 8: Temporary Work, Efficiency Wage, Potential Output
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Lecture 8 Notes Defining Unemployment Unemployment Rate the percent of the total number of people in the labor force who are unemployed Labor Force all workers, employed or unemployed ...

Economics
ECON 2006
Ghadir Asadi
ECON 2006 Lecture Notes - Lecture 7: Barometer, Producer Price Index, Transfer Payment
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Lecture 7 Notes How do you Measure an Economy? How can you compare the sizes of two economies when they produce different things? o By comparing the value of their production o GDP (gro...

Economics
ECON 2006
Ghadir Asadi
ECON 2006 Lecture Notes - Lecture 7: Histone H2B, Ribosomal Rna, Myoclonic Epilepsy
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Lecture Notes 912 A Eukaryotic Chromosome Each chromosome consists of 1 linear DNA molecule before DNA replication, and 2 linear DNA molecules after DNA replication. After DNA replication, each chromosome has 2 (sister) ch...

Economics
ECON 2006
Ghadir Asadi
ECON 2006 Lecture Notes - Lecture 6: Aggregate Demand, Quantitative Easing, Market Price
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Lecture 6 Notes Misconception: There is no reliable way to determine how well an entire economy is performing You may notice that economists disagree whether our economy is good or bad, whether it is ge...

Economics
ECON 2006
Ghadir Asadi
ECON 2006 Lecture Notes - Lecture 4: Deadweight Loss, Price Controls, Economic Equilibrium
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Lecture 4 Notes Interference in Markets has Consequences Distorted price signals cause resources to be misallocated If prices are distorted, they cannot give good information to buyers and sellers Price...

Economics
ECON 2006
Ghadir Asadi
ECON 2006 Lecture Notes - Lecture 3: Economic Equilibrium, Demand Curve, Inferior Good
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Chapter 3 Notes What will be covered in this chapter: What is a competitive market? How is it described by the supply and demand model? What is a demand curve? What is a supply curve? Whats the diffe...

Economics
ECON 2006
Ghadir Asadi
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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