SAU LECTURE NOTE ON ECO 213 INTRODUCTION TO MACROECONOMICS I COURSE OUTLINE 1. Nature and scope of macroeconomics • Macroeconomics defined • Why study macroeconomic • Macroeconomic theories • Relationship and interdependency of microeconomics and macroeconomics • Drawbacks of macroeconomics 2. National income accounting • Definitions • Concepts associated with national income •
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» Assignment US/Arizona Time: Oct 07‚ 2014‚ 5:34 AM IT/206 (AABU1EAYK4) Class Home Week1 Week2 Week3 Week4 Week5 Week6 Week7 Week8 Week9 Full Syllabus Microsoft ® Word ® Exercise Due Oct 12‚ 11:59 PM Not Submitted POINTS 60 Paper Objectives: 1.2 2.1 2.2 1.1 Instructions Assignment Files Grading Part I Complete the following tasks by using the Microsoft® Word® document located on the student website: Change the document body to left alignment. Correct any header
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Systems Theory Many seek an education in Communications this day and age -- it is a field that has now‚ more than ever‚ become essential to the American economy and to society at large. While it may seem conceptually straightforward‚ there are many different types and methods of communication currently utilized by professionals. A “system” is a model describing a collection or process of things/variables possessing certain characteristics and relationships. Systems theory is the trans-disciplinary
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Business Economics 201 Chapter 23: Measuring a Nation’s Income Macroeconomics: a study of the nation’s economy as a whole with a goal of explaining the changes that affect many households‚ firms‚ and markets simultaneously GDP: measures the total income of everyone in the economy and the total expenditure on the economy’s output of goods and services income must equal expenditure every transaction has a buyer and seller Can be computed by adding up expenditure by households or total income
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and the Financial System Terms and definitions: * * Financial system * Financial market * Financial intermediaries * Market for loanable funds * Real interest rate * Investment tax credit * Budget deficit * Budget surplus * Balanced budget * National saving * Private saving * Public saving Questions 1. What is the role of the financial system? Name and describe two markets that are part of the financial system in our economy. Name
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If you were having a conversation with a Keynesian and a Classical economist‚ and the conversation turned to why the economy is experiencing high unemployment and what the government should do about it‚ how would each economist explain unemployment and what policies would each advocate? If I were having a conversation about why the economy is experiencing high unemployment and what the government should do about it‚ with a Keynesian and a Classical economist I think that the economists would explain
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1. Suppose that changes in bank regulations expand the availability of credit cards so that people need to hold less cash. If the central bank does not respond to this event‚ what will happen to the price level? Use a diagram to assist in answering this question. 2. Use the loanable funds model to explain what happens to interest rates and investment if a government moves from a balanced budget position to a budget surplus. 3. Suppose that the T-account for The Open Campus National
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Problem Set 1 MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) Which of the following topics is NOT a primary concern of macroeconomists? A) relative wages of skilled and unskilled workers B) unemployment C) differences in standards of living across countries D) fluctuations in the level of economic activity 1) 2) Primarily‚ macroeconomists use microeconomic principles to study A) business cycles and trends in the stock market
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then its contagion spread over emerging markets and low-income countries‚ albeit‚ in varying degrees. Advanced economies were first hit mainly by the systemic banking crisis in the USA and Europe. Emerging markets with well-developed financial systems were initially affected‚ in most cases‚ by cross-border financial linkages through capital flows‚ stock market investors‚ and exchange rates. In less-developed countries‚ the growth and trade experienced major setbacks. The World Economic Outlook
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a) The price of natural gas‚ a resource used by manufacturers throughout the United States‚ doubles. Price increases because‚ the companies that sell the spiral notebooks need to mark up their price in order to keep afloat with the rising cost of natural gas. Demand is not affected. The determinant for demand on the TRIBE chart in this scenario would be related goods and services‚ since the price for a good that is used to produce spiral notebooks is increasing‚ thus leading to an increase in the
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