ECON102 Lecture 2: Andrew Wong 01/09/19

Aligned wealth of a nation to the productivity of its people. If labour is a scarce resource how are there more unemployed labourers than jobs. Macro i

ECON102 Lecture 2: Wealth of NATIONS

John m. keynes wrote book that changed the way people measure the wealth of nations from military force to productivity of its people. Macroeconomics: 

ECON102 Lecture 3: Wealth of NATIONS

Size of an economy is referred to as either output or production. Total output can be measured as total income. However, every transaction has a buyer 

ECON102 Lecture 4: Wealth of NATIONS

Adds up to income earned by everyone in a country. Add net exports to equate the expenditure and income approaches. Calculates the value that each tran

ECON102 Lecture Notes - Lecture 4: Gdp Deflator

Know the relative sizes of the 4 categories. 4 components are: consumption investment (i) Trade deficits don"t really matter as long as it isn"t contin

ECON102 Lecture 5: ECON 102 Lecture 5

ECON102 Lecture 5: Wealth of Nations

ECON102 Lecture Notes - Lecture 5: Gdp Deflator, Black Market, Business Cycle

Inflation rate is the growth rate of the deflator. The us has the largest economy, followed by. This does not consider size of population. Suggests a l

ECON102 Lecture Notes - Lecture 6: Big Mac Index, Price Level, Purchasing Power Parity

ECON102 Lecture 6: Cost of Living

ECON102 Lecture Notes - Lecture 7: Market Basket, Monetary Policy, Core Inflation

ECON102 Lecture 8: Cost of Living

ECON102 Lecture 9: Cost of Living/Economic Growth

ECON102 Lecture 10: Economic Growth

ECON102 Lecture 11: Economic Growth

ECON102 Lecture Notes - Lecture 12: Central Canada, Unemployment Benefits, Labour Force Survey

A situation where someone wants to work but are unable to find a job in the current market. Doesn"t include people with no jobs and don"t want a job ei

ECON102 Lecture 13: Unemployment and the Demand for Labour

A simple labour market model can be used. The labor demand curve shows the relationship between the total quantity of labor demanded by all firms in th

ECON102 Lecture 14: Unemployment and the Demand for Labour

It would cost more money to train new workers than to maintain old employees. Worker effort: paying workers more will encourage them to put in more eff

ECON102 Lecture Notes - Lecture 15: Economic Equilibrium, Aggregate Demand, Aggregate Supply

Assumption: when a model is built we make assumptions to put it in a context we can solve for. The model of aggregate demand and aggregate supply shows

ECON102 Lecture 16: Aggregate Demand and Aggregate Supply

Production decisions are influenced by inputs, regardless of the overall price level. Lras curve shifts outward if there is an increase in available in

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Economics

Employment, inflation, international payments, monetary policy, and fiscal policy, all in the Canadian economy. Prerequisite: ECON 101 or consent of Department. Not open to students with credit in ECON 204.

Introduction to Macroeconomics

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