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Textbook Notes for Economics at University of British Columbia (UBC)

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UBCECON 221Julianna RogoWinter

ECON 221 Chapter Notes - Chapter 1-4: Diamond Trading Company, Inverse Demand Function, And1

OC45371218 Page
21 Oct 2015
244
Due oct 8 at the beginning of class. The assignment can be submitted individually or in groups of up to 4 students (one per group). Please include the
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UBCECON 102Robert GatemanWinter

Economics 102: Chapter 19

OC821246 Page
10 Jan 2013
79
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UBCECON 102Robert GatemanWinter

ECON 102 Chapter Notes - Chapter 21: Pessimism, Equilibrium Level, Shortage

OC821245 Page
21 Jan 2013
103
Desired/planned spending on output by households, firms, governments and foreigners. Actual expenditure does not need to equal desired (unforeseen circ
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UBCECON 102Robert GatemanWinter

ECON 102 Chapter Notes - Chapter 24: Output Gap, Phillips Curve, Potential Output

OC821245 Page
10 Feb 2013
61
Factor prices are assumed to be exogenous (prices may change, but not explained in the model) The real level of gdp fluctuates around the constant leve
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UBCECON 102Robert GatemanWinter

ECON 102 Chapter Notes - Chapter 22: Stabilization Policy, Open Economy, Equilibrium Level

OC821245 Page
26 Jan 2013
53
Fiscal policy: use of government"s tax and spending policies to achieve government goals: government spending and taxation influences national income i
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UBCECON 102Robert GatemanWinter

ECON 102 Chapter Notes - Chapter 20: Gross National Product, Fixed Investment, Retained Earnings

OC821246 Page
10 Jan 2013
78
Production occur in stages, output from one firm may become an input for other firms: double counting: values of products that are counted more than on
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UBCECON 101Robert GatemanFall

ECON 101 Chapter Notes - Chapter 1: Government Debt, Canadian Living, Opportunity Cost

OC9273333 Page
20 Apr 2016
63
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UBCECON 102Robert GatemanWinter

ECON 102 Chapter Notes - Chapter 27: Precious Metal, Commercial Bank, Legal Tender

OC821246 Page
2 Mar 2013
54
Medium of exchange: anything that is generally acceptable in return for goods/service sold: money acts as a store of value and as a unit of account. Ba
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UBCECON 221Julianna RogoWinter

ECON 221 Chapter Notes - Chapter 1-4: Nash Equilibrium, National Order Of Quebec, Simultaneous Game

OC45371212 Page
21 Oct 2015
139
The assignment can be submitted individually or in groups of up to 4 students (one per group). Please include the names and student id of every member.
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UBCECON 102Robert GatemanWinter

ECON 102 Chapter Notes - Chapter 23: Aggregate Demand, Aggregate Supply

OC821245 Page
30 Jan 2013
55
The ae curve shifts as a change in price level affects desired consumption expenditure and net exports. The relationship between the price level and de
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UBCECON 102Robert GatemanWinter

ECON 102 Chapter Notes - Chapter 26: Real Interest Rate, Loanable Funds, Demand Curve

OC821247 Page
2 Mar 2013
36
Gdp and per capita gdp increase over time as there is growth in productivity. Economic growth: sustained, long-run increases in the level of real gdp.
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UBCECON 255Ashok KotwalWinter

ECON 255 Chapter all: David N. Weil-Economic Growth-Pearson Education Limited (2012)

OC186329583 Page
30 Sep 2015
96
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