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Textbook Notes for Brad DeLong

BERKELEYECON 101BBrad DeLongSpring

ECON 101B Chapter Notes - Chapter 12: Best Response, Reaction Rate Constant, Aggregate Demand

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31 May 2018
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Okun"s law: u - u* = -0. 4*(y-y*)/y* Bc of this we don"t have to separately keep track of what is happening to real gdp relative to potential output an
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BERKELEYECON 101BBrad DeLongSpring

ECON 101B Chapter Notes - Chapter 4: Diminishing Returns, Capital Intensity, Production Function

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31 May 2018
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Policies and initial conditions work to accelerate or retard long run economic growth through 2 principal channels. Impact of available level of techno
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BERKELEYECON 101BBrad DeLongSpring

ECON 101B Chapter Notes - Chapter 9: Consumption Function, Money Illusion, Automatic Stabilizer

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31 May 2018
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Chapter 9 the income-expenditure framework: consumption and the multiplier. No matter what the flow of aggregate demand flexible wages and prices mean
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BERKELEYECON 101BBrad DeLongSpring

ECON 101B Chapter Notes - Chapter 5: Neoliberalism, Hydraulic Press, Cash Register

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31 May 2018
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The reality of economic growth: history and prospect. Until 1800 the growth rates of human populations were glacial. Population growth between 5000 bc
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BERKELEYECON 101BBrad DeLongSpring

ECON 101B Chapter Notes - Chapter 11: Aggregate Demand, Monetary Policy, Money Market

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31 May 2018
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BERKELEYECON 101BBrad DeLongSpring

ECON 101B Chapter 10: Chapter 10

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31 May 2018
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Chapter 10: investment, net exports, and interest rates. Real interest rate was the market clearing price, it was pushed up or down by supply and deman
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BERKELEYECON 101BBrad DeLongSpring

ECON 101B Chapter 8: Chapter 8

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31 May 2018
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BERKELEYECON 101BBrad DeLongSpring

ECON 101B Chapter Notes - Chapter 7: Potential Output, Aggregate Demand, Equilibrium Point

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31 May 2018
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Chapter 7: equilibrium in the flexible price model. If we look at all the determinants of lall the component of total spending we see that the componen
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BERKELEYECON 101BBrad DeLongSpring

ECON 101B Chapter Notes - Chapter 6: Market Clearing, Marginal Product, Real Interest Rate

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31 May 2018
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Potential output: the level at which national product would be if all resources were fully employed. Production function: the relationship between the
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BERKELEYECON 101BBrad DeLongSpring

ECON 101B Chapter Notes - Chapter 3: Rational Expectations, Aggregate Demand, Production Function

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31 May 2018
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While economics is like a science, but it cannot be identified to a natural science => it is a social science. Expectations and the coming of the great
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BERKELEYECON 101BBrad DeLongSpring

ECON 101B Chapter 2: Chapter 2

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31 May 2018
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Most important macroeconomic data is the 6 key variables. Gnp, nnp, ndp, notional income, aggregate demand and total production. Discouraged workers wh
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BERKELEYECON 101BBrad DeLongSpring

ECON 101B Chapter Notes - Chapter 1: Labour Power, Deflation, Disinflation

OC11730185 Page
31 May 2018
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Macroeconomics: the branch of economics that studies the economy as a whole: business cycles, the determinants of inflation and unemployment and long-r
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