UW-Madison ECON 102 - Final Exam Study Guide (11 pages)

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Final Exam Study Guide

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Final Exam Study Guide


Econ 102 Final Exam Study Guide. Content: Chapters 9, 10, 13, 14, 15 & The Inside Job video

Study Guide
University of Wisconsin, Madison
Econ 102 - Principles of Macroeconomics
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ECON 102 1st Edition Exam 3 Study Guide Lectures 11 15 17 24 Final Exam Content Chapters 9 10 13 14 15 The Inside Job video Chapter 9 Aggregate Demand and Aggregate Supply Lecture 11 October 15 What are the three reasons for a downward sloping Aggregate Demand curve What happens to a person s expected wage when they graduate from college Are there any exceptions to this Chapter 10 Fiscal Policy Lecture 12 October 20 What are the two groups of Fiscal Policy What caused the Social Security fund accumulate so much money What is the problem being caused by this now What and how does mandating auto and health insurance effect its price Lecture 13 October 22 What is meant by progressive income tax Why does the United States use this What are inside lags and outside lags Lecture 14 October 27 Why is putting money in a mason jar an ineffective way of saving money What is the real expected return from lending Lecture 15 October 29 Explain Financial Intermediaries Define Liquidity What must happen to the interest rate of an investment if it is deemed risky for the investor NEW MATERIAL FOR EXAM III Chapter 13 Money and Banking Lecture 17 November 10 How does money increase economic efficiency What is a balance sheet and what information is on it What is a Central Bank Lecture 18 November 12 What are the responsibilities of the Board of Governors What is the FOMC and what does it do Chapter 14 Lecture 19 November 17 What are the 3 reasons for Money demand What is the discount rate and how does it change during a recession Lecture 20 November 19 How can the US get the dollar s exchange rate to rise The Inside Job Movie Parts I II III Lecture 21 November 24 How did Investment banks contribute to the Great Recession What is a credit default swap will be on final Lecture 22 December 1 What is a derivative in Finance How is the risk in the Housing market controlled Chapter 15 Lecture 23 December 3 What will happen if the economy is operating above full employment What is a

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