Study Guides (290,240)
CA (138,895)
U of C (1,631)
ECON (151)
Study Guide

ECON 203- Final Exam Guide - Comprehensive Notes for the exam ( 152 pages long!)

152 pages191 viewsSpring 2018

Department
Economics
Course Code
ECON 203
Professor
Aamir Hashmi
Study Guide
Final

This preview shows pages 1-3. to view the full 152 pages of the document.
U of C
ECON 203
Final EXAM
STUDY GUIDE
You're Reading a Preview

Unlock to view full version

Only page 1 are available for preview. Some parts have been intentionally blurred.

You're Reading a Preview

Unlock to view full version

Only page 1 are available for preview. Some parts have been intentionally blurred.

Chapter 10
The amount of money the banking system generates with each dollar of reserves is called
the money multiplier, which is the reciprocal of the reserve ratio. If the reserve ratio is ¼,
the money multiplier is equal to 4, and a $120 increase in reserves will increase the money
supply by $120×4=$480$120×4=$480 .
Nominal Interest Rate is calculated as follows:
nominal rate = real interest rate + inflation rate.
After-Tax Nominal Interest Rate is calculated as follows:
After-Tax Nominal Interest Rate = (1- tax rate)* Nominal Interest Rate
After-Tax Real Interest Rate is calculated as follows:
After-Tax Real Interest Rate = After-Tax nominal Interest Rate - Inflation rate
find more resources at oneclass.com
find more resources at oneclass.com
You're Reading a Preview

Unlock to view full version

Only page 1 are available for preview. Some parts have been intentionally blurred.

Y(GDP) = C(consumption)+ I(investment) + G(government) + NX (net exports)
Net exports = Export Import



 

 

 



 








I + C+ G In close economy






 





 
find more resources at oneclass.com
find more resources at oneclass.com
You're Reading a Preview

Unlock to view full version


Loved by over 2.2 million students

Over 90% improved by at least one letter grade.