Textbook Notes for Economics at McGill University


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MCGILLECON 313John KurienWinter

ECON 313 Chapter 1-8: textbook notes.docx

OC10893583 Page
26 Feb 2015
123
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MCGILLECON 209Paul DickinsonWinter

ECON 209 Chapter Notes - Chapter 19-25: Real Interest Rate, Gdp Deflator, Disposable And Discretionary Income

OC8823740 Page
19 Mar 2013
75
National product: most comprehensive measure of a nation"s overall level of economic activity value of its total production of goods and services. Aggr
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MCGILLECON 336Christopher GreenFall

ECON 336 Chapter Notes - Chapter 4: Deng Xiaoping, Profit Maximization, Transact

OC127889 Page
19 May 2012
80
Overall reform process consists of two phases: the dual-track reforms. Markets and competition were introduced within the existing framework: the secon
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MCGILLECON 313John C KurienWinter

ECON 313 Chapter Notes - Chapter 1: Millennium Development Goals, Gross Domestic Product, Gross National Income

OC4570454 Page
18 Apr 2016
51
Absolute poverty: a situation of being unable to meet the minimum levels of income, food, clothing, healthcare, shelter, and other essentials. Over 40%
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MCGILLECON 230D2idkWinter

ECON 230D2 Chapter 12: Chapter 12

OC7947449 Page
8 Feb 2017
1
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MCGILLECON 209Sara HayatiFall

ECON 209 Chapter Notes - Chapter 20: Gross Domestic Product, Fixed Investment, National Accounts

OC4839485 Page
28 Jan 2016
21
Intermediate goods are outputs of some firm that are used as inputs by other firms in a further stage of production. Final goods are products that are
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MCGILLECON 230D2idkWinter

ECON 230D2 Chapter 11: Notes

OC7947446 Page
8 Feb 2017
2
Monopoly: occurs when there is only one firm dominating the market, other firms cannot enter, price setter. Mr and price: r = p*q, mr = r". Mr and pric
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MCGILLECON 313Matthieu CheminFall

ECON 313 Chapter Notes - Chapter 3: Comprador, Capital Accumulation, Real Wages

OC5699110 Page
5 Oct 2015
62
Theorists of the 1950s and 1960s viewed the process of development as a series of successive stages of economic growth through which all countries must
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MCGILLECON 209Sara HayatiFall

ECON 209 Chapter Notes - Chapter 19: Output Gap, Potential Output, Full Employment

OC4839486 Page
28 Jan 2016
47
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MCGILLECON 209Sara HayatiFall

ECON 209 Chapter Notes - Chapter 22: Disposable And Discretionary Income, Canadian Dollar, Consumption Function

OC4839486 Page
2 May 2016
5
Fiscal policy: the use of the government"s tax and spending policies to achieve government objectives. Net tax revenues: taxes reduce households" dispo
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MCGILLECON 336Christopher GreenFall

ECON 336 Chapter Notes - Chapter 20: Fixed Capital, Intellectual Property, Tropical Cyclone

OC127883 Page
19 May 2012
97
Even though china has attracted a lot of foreign investment a lot of the capital stock comes from domestic investment, which is mostly financed by dome
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MCGILLECON 209Sara HayatiFall

ECON 209 Chapter Notes - Chapter 24: Output Gap, Nominal Rigidity, Potential Output

OC4839485 Page
2 May 2016
12
Chapter 24: from the short run to the long run: adjusting factor prices. Technology and factor supplies (and thus y*) are constant/exogenous. Real gdp
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