Summary of Economics, including all the covered topics during lectures and trainings. International Business, Y2Q1. Avans University Of Applied Sciences
TEST BANK for Essentials of Econ 9th edition by Mankiw All Chapters 1-24 fully covered
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Bedrijfseconomie / Finance & control
Economics
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SUMMARY ECONOMICS
Business Strategies Y2Q1
Simone Snepvangers
, Table of content
Chapter 24 ‘Saving, investment and the fnancial system’.....................................................................2
Financial insttutons in the economy.................................................................................................2
Saving and investment in the natonal income accounts....................................................................2
The market for loanable funds...........................................................................................................3
Chapter 8 ‘Money and capital markets’ (handout).................................................................................3
8.1.1 Functon of the money and capital markets..............................................................................3
8.1.2 Classifcaton of the money and capital markets.......................................................................3
8.2.1 The wholesale money market....................................................................................................4
8.2.2 The retail money market...........................................................................................................4
8.3.1 Capital market segments...........................................................................................................5
8.3.2 The capital market interest rate................................................................................................5
Chapter 27 ‘The monetary system’.........................................................................................................6
The meaning of money.......................................................................................................................6
The role of central banks....................................................................................................................6
Banks and the money supply..............................................................................................................7
The central bank’s tools of monetary control.....................................................................................7
Chapter 28 Money growth and infaton................................................................................................7
The classical theory of infaton..........................................................................................................7
The cost of infaton............................................................................................................................8
Chapter 29 Open-economy macroeconomics: basic concepts...............................................................8
The internatonal fows of goods and capital......................................................................................8
The prices for internatonal transactons: real and nominal exchange rates....................................10
A frst theory of exchange rate determinaton: purchasing power parity.........................................10
Chapter 30 A macroeconomic theory of the open economy................................................................10
Supply and demand for loanable funds and for foreign currency exchange....................................10
Market for loanable funds............................................................................................................10
Market for foreign currency exchange.........................................................................................11
Equilibrium in the open economy.....................................................................................................11
How policies and events afect an open economy............................................................................11
Big mac PPP......................................................................................................................................11
Chapter 37 Common currency areas and European monetary union..................................................12
The euro €........................................................................................................................................12
The single European market and the euro.......................................................................................12
The benefts and costs of a common currency.................................................................................13
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