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Study Guides for ECON10003 at University of Melbourne

Introductory Macroeconomics

ECON10003 - Definition and Revision notes

Market prices: are the prices people pay for a good or service. These include any indirect tax payable less any subsidies received on production. Basic prices: are the price producers receive and which value the product in...

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ECON10003 - Introductory Macroeconomics Course Summary

Introductory Macroeconomics Summary Lecture 1&2 - Intro to Macroeconomics & National Income Accounting - GDP the market value of all final goods and services produced in an economy for a period of time, before allowance fo...

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ECON10003 Study Guide - Commercial Bank, Market Power, Marginal Product

Introductory Macroeconomics Summarisation Lecture 1 Input-Output Analysis: The Flow Table (Transactions Table) Basic structure of a Flows Table An I-O table shows the structure of a country’s entire production system...

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Introductory Macroeconomics ECON10003 notes

NATIONAL ACCOUNTINGThree different methods that must provide same result. 1)Expenditure (final G+S)2)Income (adding factor incomes paid; gross operating surplus) 3)Value added (value added onto intermediate good by applica...

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