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Introduction to Macroeconomics
University of Ottawa
Verified Notes

Browse the full collection of course materials, past exams, study guides and class notes for ECO 1102 - Introduction to Macroeconomics at University of Ottawa verified by our …

PROFESSORS

All Professors

Gordon Lenjosek

D. Gray

TBA

Claud Theoret

Marc Prudhomme

Verified Documents for Gordon Lenjosek

Class Notes

Taken by our most diligent verified note takers in class covering the entire semester.

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