ECON1002 Complete and Comprehensive Notes

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!!