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ECON1010 Macroeconomics Complete Course Notes

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These are full notes for the exam covering the whole course. I tried to make the notes as detailed as possible with explanation for new terms and formulas.

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38 Pages Complete Study Notes 1-2 Years old
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Topics this document covers:
Macroeconomics Economy Economics National accounts Inflation Monetary economics Macroeconomic policy Monetary policy Gross domestic product Unemployment GDP deflator Real gross domestic product
This is a Complete Set of Study Notes

Complete Study Notes typically cover at least half a semester’s content or several topics in greater depth. They are typically greater than 20 pages in length and go into more detail when covering topics.

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Topics this document covers:
Macroeconomics Economy Economics National accounts Inflation Monetary economics Macroeconomic policy Monetary policy Gross domestic product Unemployment GDP deflator Real gross domestic product
Sample Text:
Economists are extremely influential behind almost all economic policy – the carbon tax, mining tax, Interest rate from RBA. Scarcity refers to the limited nature of society’s resources. E.g. Oil, Water, Money, Time etc. • Everyone encounters some sort of Scarcity in their everyday life. • Society must decide what jobs will be done and who will do them. • It must allocate the goods and services that are produced. Scarce resources include Land, Labour, Capital and Entrepreneurship. Economics is the study of how society manages its scarce resources. • Economists study how people make decisions: how much they work, what they buy, how much they save and how they invest their savings. • Economists ...
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