EC140 Lecture 5: one class notes- chapter 21

Chapter 21- the simplest short- run macro model: desired expenditures (aggregate demand) = actual expenditure= actual output, actual expenditures= how 

EC140 Lecture 6: Chapters 21/22

Continued chapter 21 and start of chapter 22 lecture notes . Changes in equilibrium national income: magnitude= size of the change, the multiplier is t

EC140 Lecture Notes - Lecture 7: Canadian Dollar, Government Spending

EC140 Lecture Notes - Lecture 8: Price Level, Output Gap, Gdp Deflator

EC140 Lecture 9: One Class Notes- Chapter 23

Aggregate demand- consumption: assertion: a rise in the price level for all goods reduces the real value of wealth held by households and thus reduces 

EC140 Lecture Notes - Lecture 15: Potential Output, Government Spending, Price Level

EC140 Lecture Notes - Lecture 16: Output Gap, Potential Output, Phillips Curve

Potential output: defined potential output as y, the total output that can be produced when all productive resources are being utilized at their normal

EC140 Lecture Notes - Lecture 17: Per Capita Income, Potential Output, Savings Account

Introduction: economic growth is about how potential output grows, there are three perspectives 1. Growth in the overall level of output: 1. Growth in 

EC140 Lecture Notes - Lecture 18: Fiat Money, Aggregate Demand, Money Supply

Chapter 26- one class notes: money is one of the most important pieces of the macroeconomic puzzle, the bank of canada and the federal department of fi

EC140 Lecture Notes - Lecture 19: Economic Equilibrium, Money Supply, Financial Market

Pv= r1/(1+i: the higher the interest rate, the lower the pv of the bond, with the one year bond with a single payment, the yield and the annual market 

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This course examines the working of the national economy with an emphasis on the determination of national income. There will be an examination of important issues such as unemployment, price stability, and balance of payments and of possible government policies to deal with these issues.

Introduction to Macroeconomics

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