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Macroeconomics Lectures Notes

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Covers lectures 1-6: topics include national income accounting, concept and management of GDP, features of GDP

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19 Pages Partial Study Notes > 2 Years old
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Macroeconomics Lectures Notes
Topics this document covers:
Economy Macroeconomics National accounts Inflation Gross domestic product Price indices Economic data Real gross domestic product Real interest rate Real versus nominal value GDP deflator Consumer price index
This is a Partial Set of Study Notes

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Topics this document covers:
Economy Macroeconomics National accounts Inflation Gross domestic product Price indices Economic data Real gross domestic product Real interest rate Real versus nominal value GDP deflator Consumer price index
Sample Text:
nagement of GDP Gross Domestic Product – the market value of final goods and services produced in an economy over a given period of time, before allowance for depreciation of capital Measure methods – Expenditure approach, income approach, production (value added) approach Each tells us something different about the economic growth Stronger rate of growth for GDP in US, then expect US dollar to appreciate 1st assignment: How do we form expectations of what an economy is going to do Comparing US and AUS in terms of national accounts Our GDP growth is very low In whole economy, many product and factor markets interact Within these markets, there is action by “economic agents” (behaviour of participants) - Household as supplier of factors of production and consumer (demander) - Firm as supplier of and user (demander) of factors of production - Gov as producer and regulator of be...
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