UF / Economics / ECO 2013 / econguy

econguy

econguy
Description

School: University of Florida

Department: Economics

Course: Principles of Macroeconomics

Professor: Thomas knight

Term: Fall 2017

Tags:

Cost: 25

Name: Lectures 9 and 10 and My Econ Guy video summaries

Description: Minimum wage, taxes and trade, and My Econ Guy video summaries

Uploaded: 02/22/2018

3 Pages 118 Views 0 Unlocks
Reviews

1 pages

Lecture #2: The Economic Problem

Fall 2017

Thomas Knight

ECO 2013

These notes are from the second lecture in the first week of school. They include the Production Possibility Frontier and opportunity cost.
2 pages

Lecture #3 and #4

Fall 2017

Thomas Knight

ECO 2013

These notes cover the rest of the Economic Problem and the beginning of Demand and Supply, including moving the PPF, comparative and absolute advantage, the Law of Demand and shifting the demand curve.
3 pages

Lectures #5 and #6

Fall 2017

Thomas Knight

ECO 2013

These notes cover the end of Demand and Supply and the beginning of Government Actions in Markets, including the Law of Supply, moving the Supply curve, market equilibrium, consumer/producer surplus, and price ceilings.
2 pages

Lecture #7

Fall 2017

Thomas Knight

ECO 2013

These notes cover some more of Chapter 4: Government Actions in Markets, including price ceilings, price floors, and the minimum wage as a price floor. Also, some real-world applications/examples and problems with the minimum wage.
5 pages

Macroeconomics Exam 1 Study Guide

Fall 2017

Thomas Knight

ECO 2013

This study guide covers modules 1 and 2, including chapters 2, 3, 4 and 5. Good luck!
2 pages

Lectures #8 and #9

Fall 2017

Thomas Knight

ECO 2013

These notes cover taxes and tariffs from Chapter 5: Global Actions in Markets. There is also a page of quick review points from the last lecture before our first exam, relating to opportunity cost and supply and demand.
5 pages

Lectures #10 and #11 Notes

Fall 2017

Thomas Knight

ECO 2013

These notes cover the introduction to Measuring GDP and Economic Growth (chapter 6) and goes into depth regarding the definition of GDP. They also cover the expenditure and income approaches to calculating GDP, real GDP, Nominal GDP, and its imperfections.
2 pages

Lectures #12 and #13

Fall 2017

Thomas Knight

ECO 2013

These notes cover Chapter 7: Monitoring Jobs and Inflation. Topics discussed include unemployment, labor market indicators, problems with the unemployment rate, and three types of unemployment. Lecture 13 covers inflation, deflation, problems with inflation that isn't "moderate and expected", consumer price index (CPI), and CPI biases.
6 pages

Lectures #14 & #15

Fall 2017

Thomas Knight

ECO 2013

These notes cover chapters 8 (economic growth) and 9 (financial savings and investment). Topics discussed include real GDP vs. potential GDP, the Macroeconomic production function, income, disposable income, wealth, savings, financial markets, and the market for loanable funds, including many graphs and visuals.
18 pages

Exam 2 Study Guide

Fall 2017

Thomas Knight

ECO 2013

This study guide covers all of modules 3 and 4, including (but not limited to) Measuring GDP and Economic Growth, Monitoring Jobs and Inflation, Economic Growth, Finance Savings and Investment, Expenditure Multipliers, and Aggregate Supply & Aggregate Demand. Don't forget to read your textbook, and good luck!
3 pages

Lectures #16 and #17

Fall 2017

Thomas Knight

ECO 2013

These notes cover the chapter expenditure multipliers and the topics discussed include the marginal propensity to consume, the consumption function, the aggregate expenditure line, equilibrium in the aggregate expenditure model, shifters for consumer spending, net exports, and investment, and finally the multiplier effect.
2 pages

Lectures #18 and #19

Fall 2017

Thomas Knight

ECO 2013

These notes cover aggregate demand and supply and a little bit of an exam review. Topics covered also include long term and short term aggregate supply, recessionary gap and expansionary gap.
2 pages

Lectures #20 & #21

Fall 2017

Thomas Knight

ECO 2013

These notes cover chapter 14, (in some textbooks, the chapters don't align) Fiscal Policy. Topics covered include expansionary and contractionary fiscal policy, the federal budget, outlays, receipts, discretionary fiscal policy, automatic stabilizers, supply-side, the Laffer Curve, and the government spending and tax multipliers.
2 pages

Lectures #22 & #23

Fall 2017

Thomas Knight

ECO 2013

These notes cover Chapter 10: Money, the Price Level, and Inflation, to set up the base for understanding monetary policy next week. Some terms included in the notes are barter system, definitions of money, depository institutions, assets, reserves, insolvency, illiquidity, the reserve requirement, excess reserves, and the money multiplier.
2 pages

Lectures #24 & #25

Fall 2017

Thomas Knight

ECO 2013

These notes cover Chapter 15, Monetary Policy. Included are terms and examples including (but not limited to) money supply, monetary base, money multiplier, the reserve requirement, the federal reserve system, open-market operations, discount policy, and government securities.
5 pages

Lectures #26 & #27

Fall 2017

Thomas Knight

ECO 2013

These notes cover Chapter 9: Exchange Rates and the Balance of Payments. Some of the terms and topics discussed include the exchange rate, appreciation, depreciation, the foreign exchange market, demand shifters in the currency conversion markets, exchange rate policies, "artificially" appreciating or depreciating a currency, and the balance of payments.
12 pages

Principles of Macroeconomics Exam 3 Study Guide

Fall 2017

Thomas Knight

ECO 2013

This study guide covers the 4 chapters that exam 3 is on: fiscal policy, money, the price level, and inflation, monetary policy, and the exchange rate and the balance of payments. Don't forget to watch the EconGuy videos and good luck!!
1 pages

ECO 2023 Week 1 Class Notes.

Fall 2017

Thomas Knight

ECO 2013

Review of scarcity and PPF. Though this is a macroeconomic course, the first couple of lectures have been a review of microeconomics, which i took last semester with Prof. Rush. These notes are best for someone who has a solid understanding of basic microeconomic concepts.
2 pages

Macro Week 2, Lectures 3 + 4: PPF and Supply

Fall 2017

Thomas Knight

ECO 2013

PPF and Supply
3 pages

Macro Week 3: Lectures 5 and 6-- Supply and Demand

Fall 2017

Thomas Knight

ECO 2013

In depth look at supply and supply and demand together.
3 pages

Macro Week 4, Lectures 7 + 8: Surplus and Government Action, Minimum Wage

Fall 2017

Thomas Knight

ECO 2013

Surplus, Price Floors, Price Ceilings, Price Gouging, Minimum Wage, Unemployment
2 pages

Macroeconomics Exam 1 Study Guide

Fall 2017

Thomas Knight

ECO 2013

Lectures 1 - 8

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