USYD

Semester 2, 2017


ECON1002 Complete and Comprehensive Notes

53 pages

20,277 words

$29.00

4

Description

Comprehensive notes based on the material from all 13weeks of lectures, tutorials, and textbook readings.

Topics include:
ISSUES IN MACROECONOMICS
-Economic output (GDP)
-Economic prices (CPI)
-Savings, investment and wealth
-The labour market
-Employment and unemployment

SHORT RUN MACROECONOMICS: THE ANALYSIS OF THE BUSINESS CYCLE
-Contractions and expansions
-Potential output and the output gap
-The basic Keynsian model
-Short run equilibrium output
-The income-expenditure multiplier
-Fiscal policy
-Monetary policy, the RBA and the economy

MEDIUM TERM MACROECONOMICS
-Aggregate demand and aggregate supply

LONG RUN MACROECONOMICS: THE ANALYSIS OF ECONOMIC GROWTH
-Economic growth and the production function
-Steady state economy

THE OPEN ECONOMY
-Exchange rates
-Balance of payments

Diagrams, equations and key concepts are included for all topics.

These notes helped me do well and so would highly recommend them!!