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ECON10003 - Introductory Macroeconomics H1 Study Notes

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This is a very detailed set of notes of the course which should be extremely helpful for ECON10003 exam preparation.

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32 Pages Complete Study Notes > 2 Years old
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Topics this document covers:
Economy Economics Unemployment Demand Macroeconomics Market Labour economics Keynesian economics Aggregate demand Inflation Natural rate of unemployment Economic equilibrium
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:
Economy Economics Unemployment Demand Macroeconomics Market Labour economics Keynesian economics Aggregate demand Inflation Natural rate of unemployment Economic equilibrium
Sample Text:
- What are the economic costs of inflation Distribution of Incomes Some will be better off in terms of REAL income, some will be worse off. However, the economy in the aggregate does not become better or worse off. Ability - What are other likely consequences of inflation - What is deflation and why is it seen to be a problem LECTURE 5: - Relationship between saving and wealth Savings- portion of income not devoted to satisfying current needs) (FLOW) Wealth- the value of the STOCK of assets accumulated from savings. IE: the money you save goes somewhere... it doesn’t just sit there... you may use that money to purchase assets, so assets are still part of WEALTH. → Financial assets- money, shares, interest bearing shares... → Physical assets- property, ...
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