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Textbook Notes for AS Economics at Johns Hopkins University (JHU)

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JHUAS.180.101BarberaFall

AS.180.101 Chapter Notes - Chapter 16: Caldecott Tunnel, Deflation, Potential Output

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Tutor-saliba work on caldecott tunnel expansion to improve travel time and efficiency. Backed by arra (the stimulus bill) issued by obama to increase.
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JHUAS.180.101Bruce HamiltonFall

AS.180.101 Chapter Notes - Chapter 7 and 8: Economic Equilibrium, Marginal Revenue, Profit Maximization

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Thus far in the book we have discussed a perfectly competitive market, where entrepreneurs looks prices up and make sure their mc is equal to price. Th
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JHUAS.180.101BarberaFall

AS.180.101 Chapter Notes - Chapter 14: Zimbabwean Dollar, Fractional-Reserve Banking, Reserve Currency

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Study banks, money supply, and the link between changes in the money supply and the inflation rate. Washing dollar bills to save the economy of zimbabw
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JHUAS.180.101BarberaFall

AS.180.101 Chapter Notes - Chapter 15: Federal Funds Rate, Monetary Policy, Nominal Interest Rate

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JHUAS.180.101Bruce HamiltonFall

AS.180.101 Chapter Notes - Chapter 9 and 10: Isoquant, Indifference Curve, Marginal Cost

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Chapter 11: when scarce resources have no owners: externalities. Economizing is the act of deciding how to use scarce resources. Every resource is allo
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JHUAS.180.101Bruce HamiltonFall

AS.180.101 Chapter Notes - Chapter 1,8,9,10: Allocative Efficiency, Marginalism, Marginal Cost

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August 29, 2014: key ideas and trajectories, necessary skills. Textbook notes: ch 8 (p. 237), ch 9 (p. 263), ch 10 (p. 316-325) Chapter 1: economics: f
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JHUAS.180.261Ball, Laurence MFall

AS.180.261 Chapter Notes - Chapter 8: Community Reinvestment Act, Stafford Loan, Small Business Administration

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A bank is a financial institution that accepts deposits and makes private loans: this definition covers commercial banks and thrift institutions. Comme
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JHUAS.180.101Bruce HamiltonFall

AS.180.101 Chapter Notes - Chapter 6: Unearned Income, Budget Constraint, Indifference Curve

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Economy"s task: allocate inputs and allocate outputs: in a market economy, the instruments of this allocation are prices. Consumers earn income by sell
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JHUAS.180.101Bruce HamiltonFall

AS.180.101 Chapter Notes - Chapter 1 and 3: Pareto Efficiency, Economic Efficiency, Indifference Curve

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Economy= set of institutions, laws, rules, customs through which we transform a society"s resources into material goods and services for consumers. Eco
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JHUAS.180.101Bruce HamiltonFall

AS.180.101 Chapter Notes - Chapter 3: Ceteris Paribus, Demand Curve, Complementary Good

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Chapter 3: where prices come from: the interaction of demand and supply. Model of s/d most powerful tool in economics to explain how prices are determi
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JHUAS.180.101BarberaFall

AS.180.101 Chapter Notes - Chapter 18: Foreign Portfolio Investment, Foreign Exchange Market, Capital Outflow

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18 macro reading: macroeconomics in an open economy. Mcdonald"s has franchises: businesses with legal right to sell good/service in a particular area.
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JHUAS.180.101Bruce HamiltonFall

AS.180.101 Chapter Notes - Chapter 12: Gross Domestic Product, Nominal Interest Rate, Disposable And Discretionary Income

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Textbook notes: chapter 12 (p. 370 394) Chapter 12: aggregate expenditure and output in the short run. We will explore causes of the business cycle and
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