Class notes
Second Year Intermediate Macroeconomic Notes
- Course
- Institution
- Book
A concise and thorough set of intermediate macroeconomic notes. Useful for first-year economic students or second year double honour students
[Show more]
Connected book
Book Title:
Author(s):
- Edition:
- ISBN:
- Edition:
More summaries for
-
Comprehensive Study Notes for Macroeconomics 101
-
ECS2602 ASSIGNMENT 1 SEMESTER 2 2024 This question is based on the following data for country PORTHOS for 2020. Marginal propensity to consume = 0.5 Autonomous consumption = R600 million Investm...
-
ECS2602 EXAM PACK 2024
Seller
Follow
dulciepelopidaxo
Content preview
, lecture 1AW1
mom
unmmmuM Productivity
dropped incisively
Mmmmm
aoutput d
in most oluueloped economies
What does macro study • Employment issue fall
I
inflation
the United States the Eullli alllll
* 24-1 of would output * Common mallket
.
macro policy
A standard of
*
Giving *
Facing two main issues
*
lagging output ① Reduce unemployment manner institutions
low ② How
* too
unemployment to function efficiently
in a common
cullllencyakea
mm] * Vkllaine Nominal GDP Real app
lecture 1B
-
us .
↳ * brexit
✗ \
Aggregate of output national income & product accounts are an > sum of the quantities
accounting system used to measure offinal goods produced sum of the
aggregate economic activity multiplied by their quantities of final
GDP :
production and income avaunt paice £4T goods multiplied
InweyrafdefiningGDPmn by constant phicor
① value final gets produced
* GDP
of the in the
economy glloulthllatlb Yt
dulling given pehiod
l"t'y¥ Yeah
a ⇐
② sum at value added in the area given period
economy a
③ Sum of incomes in the
economy during a
given pelliool
Hedonic pricing goods provide a collection of challaclekistior reach with an implicit police
labour force =
employed unemployed +
unemployment people who don't have a
L
job but
looking for
=
N t u alle
one
unemployment hate the
unemployment hate
participation hate labour folke
VI
u = =
pop .
uloeehing age
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller dulciepelopidaxo. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.05. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75632 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now