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Textbook Notes for ECON102 at University of Alberta (U OF A)


U OF AECON102Wong,AndrewWinter

ECON102 Lecture 16: Aggregate Demand and Aggregate Supply

OC26419697 Page
11 Feb 2019
0
Production decisions are influenced by inputs, regardless of the overall price level. Lras curve shifts outward if there is an increase in available in
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U OF AECON102Wong,AndrewWinter

ECON102 Lecture Notes - Lecture 15: Economic Equilibrium, Aggregate Demand, Aggregate Supply

OC26419697 Page
8 Feb 2019
0
Assumption: when a model is built we make assumptions to put it in a context we can solve for. The model of aggregate demand and aggregate supply shows
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U OF AECON102Wong,AndrewWinter

ECON102 Lecture 14: Unemployment and the Demand for Labour

OC26419692 Page
6 Feb 2019
0
It would cost more money to train new workers than to maintain old employees. Worker effort: paying workers more will encourage them to put in more eff
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U OF AECON102Wong,AndrewWinter

ECON102 Lecture 13: Unemployment and the Demand for Labour

OC26419695 Page
4 Feb 2019
0
A simple labour market model can be used. The labor demand curve shows the relationship between the total quantity of labor demanded by all firms in th
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U OF AECON102Wong,AndrewWinter

ECON102 Lecture Notes - Lecture 12: Central Canada, Unemployment Benefits, Labour Force Survey

OC26419694 Page
1 Feb 2019
0
A situation where someone wants to work but are unable to find a job in the current market. Doesn"t include people with no jobs and don"t want a job ei
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U OF AECON102Wong,AndrewWinter

ECON102 Lecture 11: Economic Growth

OC26419692 Page
30 Jan 2019
0
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U OF AECON102AllWinter

ECON102 Chapter Notes - Chapter Lecture 20-22: Canadian Dollar, Money Supply, Capital Account

OC5374889 Page
15 Sep 2018
0
Chapter 15: international finance: balance of payments. Balance of payments: any country that trades with others has a balance of payments, record that
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U OF AECON102AllWinter

ECON102 Chapter Notes - Chapter Lecture 16-19: Phillips Curve, Demand For Money, Output Gap

OC53748814 Page
15 Sep 2018
0
They are balances in banks that depositors can access on demand. Savings account (savings deposits) balances in banks that cannot be used directly to m
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U OF AECON102AllWinter

ECON102 Chapter Notes - Chapter Lecture 6-10: Google Images, Guardians Of The Universe, Opportunity Cost

OC53748824 Page
15 Sep 2018
0
We theoretically want the very best (very best means that the workforce is healthy, educated, and highly productive thereby): resources mean land, mine
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U OF AECON102AllWinter

ECON102 Chapter Notes - Chapter Lecture 13-15: Autonomous Consumption, Aggregate Supply, Potential Output

OC5374889 Page
15 Sep 2018
0
Chapter 10 continued (fiscal policy: a question to solve, c=100+0. 8yd, t (taxes) = 50 (lump sum: fixed amount of taxes, g = 20. I = 30: x-m = 100, ynr
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U OF AECON102AllWinter

ECON102 Chapter Notes - Chapter Lecture 23-25: Aggregate Demand, Time-Based Currency, Pliers

OC5374888 Page
15 Sep 2018
0
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U OF AECON102AllWinter

ECON102 Chapter Notes - Chapter Lecture 1-5: Externality, Weighted Arithmetic Mean, Factor Cost

OC53748817 Page
15 Sep 2018
0
Lecture 1 roadmap of the entire course of econ 102. Limited or scarce resources + unlimited wants = leads to economic problems. Economics is the scienc
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U OF AECON102AllWinter

ECON102 Chapter Notes - Chapter Lecture 11-12: Government Spending, Business Cycle, Potential Output

OC5374889 Page
15 Sep 2018
0
Chapter 9: continuing aggregate supply: review from last class: if the output in the economy increases, therefore more employment and less unemployment
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U OF AECON102Andrew WongWinter

ECON102 Chapter Notes - Chapter 5: Canadian Tire, Google Drive, Td Canada Trust

OC5374883 Page
17 Apr 2018
0
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U OF AECON102Andrew WongWinter

ECON 102 Chapter 7: Principles of Macroeconomics - Chapter 7.docx

OC3946813 Page
24 Jan 2015
23
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U OF AECON102Andrew WongWinter

ECON 102 Chapter 6: Principles of Macroeconomics - Chapter 6.docx

OC3946812 Page
24 Jan 2015
54
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U OF AECON102J.Scott BeesleyWinter

ECON102 Chapter Notes - Chapter 6: European Cooperation In Science And Technology, Gdp Deflator, National Organization For The Reform Of Marijuana Laws

Devin-Rae Blair2 Page
17 Jan 2016
41
Consumer price index (cpi): a measure of the overall cost of goods and services bought by the average consumer. Core inflation: a measure of the underl
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U OF AECON102Andrew WongWinter

ECON102 Chapter Notes - Chapter 5: Dry Cleaning, Unemployment Benefits, Fiscal Federalism

8 Page
21 Sep 2016
13
The study of how individual households and firms make decisions, interact with one another in markets. The study of the economy as a whole. We begin ou
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