MGEA06H3 Lecture : Week1 Lecture

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cerisemammoth280

20 Apr 2011

School

UTSC

Department

Economics for Management Studies

Course

MGEA06H3

Professor

Iris Au

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MGEA06H3 Full Course Notes

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About the course: professor:iris au, recommended text: christopher t. s. ragan and. * same as ecma04, lectures will be taped and available online: grading: If you do better in the final exam, your midterm marks will be replaced by your final exam marks (i. e. , your final exam will count for 100%). www. notesolution. com (cid:222) Note: the best way to talk to me is right after class www. notesolution. com (cid:222) (cid:222) Outline: what is macroeconomics, unemployment unemployment rate & labour force participation rate, inflation cpi & gdp deflator www. notesolution. com. We need a different way than microeconomics to look at aggregate behaviour. Keep in mind that all behaviour has to have a root in micro: in macroeconomics, we look at the things like: national income, level of unemployment, inflation rate, the exchange rate, etc. www. notesolution. com (cid:222) Labour force (lf) = # of employed + # of unemployed. Unemployment rate (ur) = the percentage of the labour force that is unemployed:

Related Questions

''Banks do not really create money , do they? was the challenge that a retired professor of economis was known to have used in his upper division american economic historic course to ascertain what his students remembered fron introductory macroeconomics about the creation of money. He reported that few students were confident enough or remenbered enough to reply correctly to his question . How would you reply?

viridianlizard383

XYZ Company is aware that both macroeconomics and microeconomics play a general role in its organizationâs success. Top-level management has asked you to conduct research, and then write a report on specifically what role it should play in its overall success. Management has asked for information on the following as it relates to the organization: Elasticity, consumer choice, productions and costs, supply and demand, aggregate supply and aggregate demand, and macroeconomic measurements. Length: 3-5 pages, not including title page and references. Please use the concepts from the Peregrine Modules as well as three additional scholarly sources for support throughout your presentation. Additional reliable sources may also be used. Your response should demonstrate thoughtful consideration of the ideas and concepts presented in the course by providing new thoughts and insights relating directly to this topic. Your response should reflect scholarly writing and current APA standards.

1. Indicate whether the following issue concerns microeconomics or
macroeconomics:

A) Air Canadaâs decision to add or cut flights on a certain day of
the week

B) The impact of currency depreciation on a countryâs economy

C)Government introduces a national program designed to increase physical fitness in the population.

2. Indicate whether the following statement is a positive or normative statement:

A)Students who spend more time studying receive higher grade

B) Lower interest rates should cause increased spending in construction

C) The Calgary Flames are more fun than the Oilers

MGEA06H3 Lecture : Week1 Lecture

MGEA06H3 Full Course Notes

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