1st Edition
ECON 104: Introductory Macroeconomic Analysis and Policy
School: Penn State University (PSU )
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Pages: 2What happens with the economy in relation to taxes and government spending -
Pages: 3How the government puts fiscal policy to use in order to combat recession and inflation -
Pages: 2Discussing why monetary policy is flawed and difficult -
Pages: 2A look at monetary policy and what can shift Money Supply and Demand -
Pages: 4Explaining why the housing bubble burst and the effects on the US economy. Also discussing monetary policy and how banks profit -
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Pages: 4Showing how different effects in the aggregate demand will cause either a shortage or surplus -
Pages: 4Introducing the wealth effect, interest rate effect, and NX effect an their effects on the Aggregate Demand -
Pages: 3Introducing what it means when one currency strengthens or weakens. Talking about how the strength of the dollar is relevant to the Aggregate supply and demand -
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Pages: 2The components of Aggregate Expenditure and the different factors of Investment -
Pages: 4Different Factors of the C function and how they affect the graph -
Pages: 2Introducing aggregate expenditure and the formulas. Also how to derive the graph, given certain variables. Talk about how economic theories changed before and after the Great Depression -
Pages: 2Introduction of the Loanable Funds market and the different effects on real interest rate -
Pages: 4Examples of how international business cycles are affected by shock -
Pages: 3Deciding whether borrowers or lenders lose depending on the interest rate, while looking at examples -
Pages: 5Examples about how to do different calculations related to CPI with more detailed descriptions about how and why we get the results we get -
Pages: 2Examples of how to calculate consumer price index and what it means -
Pages: 12Questions taken from lecture and homework that students can be expecting to appear on the exam -
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Pages: 4Examples of how to calculate real or nominal GDP and the GDP deflator -
Pages: 2A basic explination of how to calculate GDP in multiple ways -
Pages: 2How a circular flow of the labor economy translates into Gross Domestic Product -
Pages: 2Explain how to achieve market equilibrium and how supply and demand are changed -
Pages: 2How economic growth, the production possibility frontier, and opportunity cost are related.