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Gordon Lenjosek
D. Gray
Claud Theoret
Marc Prudhomme

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Class Notes

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ECO 1102 Lecture Notes - Lecture 1: Fiscal Policy, Producer Price Index, Monetary Policy
ECO 1102 Lecture Notes - Lecture 3: Macroeconomics
Learn the basic concepts and tools of macroeconomics, macroeconomic analyses and apply what you have learned in real situations. Learn numerous macroec
ECO 1102 Lecture Notes - Lecture 4: Perfect Competition, Macroeconomics, Marginal Cost
Remember that reading the chapters ahead of class will help understand the material better! Keeping track of the learning objectives is also key in gre
ECO 1102 Lecture Notes - Lecture 5: The Wealth Of Nations, Macroeconomics, Black Market
Helps you know how much your purchasing power grows as time passes. (e. g. how much can you buy in 3 years): come back to this in chapter 9. Unemployme
ECO 1102 Lecture Notes - Lecture 6: The Wealth Of Nations, Income Approach
National income relates to national spending and the number of physical things being produced. We cannot measure this, which is why gdp is created to m
ECO 1102 Lecture Notes - Lecture 7: Gross National Income, Economic Security, Market Basket
Gdp per capita is the main indicator the individual standard of living. The more stuff you produce, the better off you are. However, there are other th
ECO 1102 Lecture Notes - Lecture 8: Core Inflation, Purchasing Power Parity, Gdp Deflator
Cpi and consumer price index from 2,200 items in the basket. Use the formula that has been introduced from last class. You can see that it grows a litt
ECO 1102 Lecture Notes - Lecture 9: Nominal Interest Rate, Real Interest Rate, Market Basket
Before 1800, economic growth was just fast enough to keep up with the very slow population growth. There was little change in real gdp per capita (purc
ECO 1102 Lecture Notes - Lecture 10: Production Function, Human Capital, Foreign Direct Investment
When they talk about growth, we"re talking about economic growth and not population growth. We need to talk about productivity and policies. Remember t
ECO 1102 Lecture Notes - Lecture 11: Poverty Trap, Juggling, Human Capital
Economic growth: last class we talked about argentina as we are discussing what aids in product growth, public policy has an impact on all of those ele
ECO 1102 Lecture Notes - Lecture 12: Business Cycle, Unemployment Benefits, Market Power
ECO 1102 Lecture Notes - Lecture 17: Potential Output, Aggregate Supply, Longrun
Demonstrates the total quantity of goods and services that firms produce and sell. If the curve is upward: it is slopping in the short term. If the cur
ECO 1102 Lecture Notes - Lecture 18: Aggregate Demand, Fiscal Policy, Government Spending
ECO 1102 Lecture Notes - Lecture 19: Laffer Curve, Tax Cut, Fiscal Multiplier
A tax cut increases household take home pay as consumption depends on disposable income. Tax cut and government expenses result in an increase regardin
ECO 1102 Lecture Notes - Lecture 20: Autarky, Income Tax, Fixed Income
The meaning and function of a financial system. The various roles institutions have in the economy. Why saving is equal to a closed economy . This can
ECO 1102 Lecture 21: ECON 1102 - Lecture 21 - The Basics of Finance
Remember from last class there are a few different types of savings* In terms of answering these types of questions on the midterm or exam. Figure out
ECO 1102 Lecture Notes - Lecture 22: Risk-Free Interest Rate, Tax Bracket, Credit Risk
Real after-tax return is your increase in purchasing power. View more information on slide 45 along with the formula. You pay tax when you pull money o
ECO 1102 Lecture Notes - Lecture 23: Overnight Rate, Money Supply, Autarky
Refers to the money that the bank has in physical in order to meet daily requests for cash asset. It is the percentage of total demand deposits. A frac
ECO 1102 Lecture Notes - Lecture 25: Real Interest Rate, Seigniorage, Aggregate Demand
Remember that the price of a basket of goods and services is measured in money. Key: inflation increases prices and brings down the value of what money
ECO 1102 Lecture Notes - Lecture 26: Real Interest Rate, Openmarket, Exchange Rate
Imports: value of foreign produced goods and services brought domestically. Exports: value of domestically-produced goods and services that are sold ab