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Textbook Notes for Christos Shiamptanis

RYERSONECN 204Christos ShiamptanisWinter

ECN 204 Chapter Notes -Invisible Hand, Demand For Money, Market Failure

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25 Apr 2012
31
Management of society"s resources is important because resources are scarce. Economics: the study of how society manages its scarce resources. Resource
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RYERSONECN 204Christos ShiamptanisWinter

Chapter 9.docx

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14 Apr 2012
21
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RYERSONECN 204Christos ShiamptanisWinter

Chapter 11.docx

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14 Apr 2012
14
Quantity theory of money: prices rise when the government prints too much money. The level of prices and the value of money. Enjoyment of a good has st
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RYERSONECN 204Christos ShiamptanisWinter

Chapter 9.docx

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25 Feb 2012
16
Chapter 9 unemployment and its natural rate. Nature rate of unemployment: refers to the amount of unemployment that the economy naturally experiences.
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RYERSONECN 204Christos ShiamptanisWinter

Chapter 10.docx

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14 Apr 2012
16
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RYERSONECN 204Christos ShiamptanisWinter

Chapter 12.docx

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14 Apr 2012
14
Trade allows people to produce what they produce best and to consume a greater variety of goods and services. Closed economy: what economists often ass
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RYERSONECN 204Christos ShiamptanisWinter

Chapter 8.docx

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14 Apr 2012
23
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RYERSONECN 204Christos ShiamptanisWinter

Chapter 9

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6 Feb 2012
24
Ecn 204: chapter 9 -- unemployment and its natural rate. Natural rate of employment: the amount of unemployment that the economy normally experiences.
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RYERSONECN 204Christos ShiamptanisWinter

Chapter 5

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6 Feb 2012
24
Ecn 204: chapter 5 -- measuring a nations income. Gdp measure 2 things: -the total income of everyone in the economy s output of goods and services. Fo
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RYERSONECN 204Christos ShiamptanisWinter

ECN 204 Chapter Notes - Chapter 9: Uric Acid

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22 Apr 2012
23
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RYERSONECN 204Christos ShiamptanisFall

ECN 204 Chapter Notes - Chapter 5: Gdp Deflator, Transfer Payment, Gross Domestic Product

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30 Jan 2013
19
Microeconomics: the study of how households and firms make decisions and how they interact in markets. Macroeconomics: the study of economy wide phenom
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RYERSONECN 204Christos ShiamptanisWinter

Chapter 10

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22 Feb 2012
15
Ecn 204: chapter 10 -- the monetary system. Money: the set of assets in an economy that people regularly use to buy goods an d services from other peop
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