ECON1002 Extensive Notes

Description

These ECON1002 notes cover all readings and lectures comprehensively. They are easy to understand, particularly through the colour coordination and use of diagrams. Topics Include: Measuring macroeconomic performance: output and prices Measuring macroeconomic performance: saving, investment and wealth Measuring macroeconomic performance: wages, employment & Labour market Short-term economic fluctuations Spending and output in the short-run Fiscal Policy Money, prices and the Reserve Bank The Reserve bank and the economy The aggregate demand – aggregate supply model Macroeconomic policy The economy in the long run: an introduction to economic growth The production function approach to understanding economic growth Saving, capital formation and comparative economic growth Exchange rates and the open economy The balance of payments: net exports and international capital flows