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Study Documents » California Colleges & Universities » Allan Hancock College » Economics (ECON) » ECON 1102
Allan Hancock College | ECON 1102
 
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63 sample documents related to ECON 1102

  • Week2_Lecture1.pdf
    Allan Hancock College ECON 1102
    Econ 1102: Week 2, Lecture 1 RECAP: Accounting Identities in Open Economy GDP: Y C + I + G + EX - IM NX = EX - IM C + I + G + NX NET EXPORTS: GDP: Y NATIONAL INCOME is Equal to Gross NATIONAL Product (GNP) (1) GNP GDP + NFSI C + I +
     
  • Week11_Lecture1.pdf
    Allan Hancock College ECON 1102
    Econ 1102: Week 11, Lecture 1 RECAP Seen that Unemployment and Output will deviate from their Natural Rates when Actual Inflation diverges from Expected Inflation. This is because wage bargainers will be increasing Money Wage in line with Expected I
     
  • Week1_Lecture2.pdf
    Allan Hancock College ECON 1102
    ECON 1102, Macroeconomics 1: Week 1, Lecture 2 BASIC NATIONAL INCOME ACCOUNTING GROSS DOMESTIC PRODUCT (GDP): Is Total Market Value of All Goods and Services Produced in the Economy During a Period of Time (eg. 1 Quarter or 1 Year) An Incomplete Mea
     
  • mid_term07.pdf
    Allan Hancock College ECON 1102
    THE AUSTRALIAN NATIONAL UNIVERSITY Second Semester, 2007 Mid-Semester Examination MACROECONOMICS 1, ECONOMICS 1 HONOURS ( ECON 1102, ECON 1100 ) Writing period: 1 Hour and 45 Minutes duration Reading period: 15 Minutes duration Permitted Materials:
     
  • exam_04.pdf
    Allan Hancock College ECON 1102
    ECON1102/IDEC8047, Semester 2, 2004 THE AUSTRALIAN NATIONAL UNIVERSITY 2nd Semester Examinations, 2004 Macroeconomics 1 / Principles of Macroeconomics (ECON1102/IDEC8047) STUDY PERIOD: 30 Minutes WRITING PERIOD: Three (3) Hours Permitted Materials:
     
  • Week12_Lecture2.pdf
    Allan Hancock College ECON 1102
    Econ 1102: Week 12, Lecture 2 RECAP Key Modifications for the Open Economy model Goods Mkt Equilib now: AD = Y when I SN = NM Zero BOP Condition (BOP Equilib): NM = NKI How are these equalities brought about ? Open Economy Loanable Funds Mkt - adj
     
  • exam_05.pdf
    Allan Hancock College ECON 1102
    ECON1102: Macroeconomics 1, Semester 2, 2005 THE AUSTRALIAN NATIONAL UNIVERSITY 2nd Semester Examinations, 2005 Macroeconomics 1 (ECON1102) STUDY PERIOD: 30 Minutes WRITING PERIOD: Three (3) Hours Permitted Materials: Scribble Paper, Non-Programmab
     
  • Week7_Lecture2.pdf
    Allan Hancock College ECON 1102
    Econ 1102: Week 7, Lecture 2 RECAP Assuming zero underlying inflation, which is fully anticipated so e = = 0 and r = i Also assuming fully flexible prices (P) and money wages (W) Model now consists of 3 Markets: Labour Market: Determines Output (Y
     
  • Week6_Lecture1.pdf
    Allan Hancock College ECON 1102
    Econ 1102: Week 6, Lecture 1 RECAP: In reality: Spectrum of financial assets of varying liquidity and paying varying levels of interest. Our simplification: Only consider extremes of the spectrum People can hold financial wealth as `Money\': Currenc
     
  • Week1_Lecture3.pdf
    Allan Hancock College ECON 1102
    ECON 1102: Week 1, Lecture 3 RECAP: GDP (Y) is the sum of all expenditures on purchasing final goods and services. In a Closed Economy with No Government Sector Y C + I All expenditure on purchasing final goods and services accrues as Income to hou
     
  • Week11_Lecture2.pdf
    Allan Hancock College ECON 1102
    Econ 1102: Week 11, Lecture 2 RECAP: Now started to consider how our model will function in the Open Economy context. For simplicity assuming only two currencies, Home Dollar ($H) and Foreign Dollar ($F). Nominal Exchange Rate: E = $F per $H - i.e.
     
  • exam_07.pdf
    Allan Hancock College ECON 1102
    THE AUSTRALIAN NATIONAL UNIVERSITY Second Semester Examinations, 2007 MACROECONOMICS 1 (ECON 1102) ECONOMICS 1 HONOURS (ECON 1100), Paper A Writing period: 3 Hours duration Reading period: 30 Minutes duration Permitted Materials: Scribble Paper, Non
     
  • exam_06.pdf
    Allan Hancock College ECON 1102
    THE AUSTRALIAN NATIONAL UNIVERSITY Second Semester Examinations, 2006 MACROECONOMICS 1 (ECON 1102) ECONOMICS 1 HONOURS (ECON 1100), Paper A PRINCIPLES OF MACROECONOMICS (IDEC 8047) Writing period: 3 Hours duration Reading period: 30 Minutes duration
     
  • Week4_Lecture3.pdf
    Allan Hancock College ECON 1102
    Econ 1102: Week 4, Lecture 3 RECAP: Levels of Output (Y) and Employment (L) are determined in the Labour Market - in the Neoclassical case, Y and L will be at their Full Employment levels - but institutional features of the labour market may cause t
     
  • Week2_Lecture3.pdf
    Allan Hancock College ECON 1102
    Econ 1102: Week 2, Lecture 3 NOMINAL & REAL INTEREST RATES Nominal Interest Rate ( i ) is the proportionate increase in money value e.g. lend $100 at i = 0.05 (5%) per annum get $100 x 1.05 = $105 in 1 years time BUT: if Inflation Rate is = 0.05
     
  • Week12_Lecture1.pdf
    Allan Hancock College ECON 1102
    Econ 1102: Week 12, Lecture 1 RECAP Open Economy Goods Market Equilibrium: Zero Balance of Payments Condition: Combined: NM = NKI = I SN I SN = NM NM = NKI Adjustment of the Real Exchange Rate, q, (via variation of the Nominal Exchange Rate, E)
     
  • Week3_Lecture3.pdf
    Allan Hancock College ECON 1102
    ECON 1102, Week 3, Lecture 3 Recap: LOANABLE FUNDS MKT. consists of Saving Supply Schedule (of Households) and Investment Demand Schedule (of Firms). SAVING assumed independent of Real Interest Rate - Saving Supply Schedule is vertical line - shifte
     
  • Week5_Lecture2.pdf
    Allan Hancock College ECON 1102
    Econ 1102: Week 5, Lecture 2 RECAP With introduction of Govt. Sector, Shocks to the Loanable Funds Mkt. (with Y constant) now include: Changes in Govt.Spending ( G Changes in Lump-Sum Taxes ( t as well as: Changes in Autonomous Consumption ( SN
     
  • exam_03.pdf
    Allan Hancock College ECON 1102
    Macroeconomics 1, Semester 2, 2003 THE AUSTRALIAN NATIONAL UNIVERSITY 2nd Semester Examinations, 2003 Macroeconomics 1/Principles of Macroeconomics (ECON1102/ECDV8047) READING TIME: 30 Minutes TIME ALLOWED: Three (3) Hours Permitted Materials: Scri
     
  • mid_term06.pdf
    Allan Hancock College ECON 1102
    THE AUSTRALIAN NATIONAL UNIVERSITY Second Semester, 2006 Mid-Semester Examination MACROECONOMICS 1, ECONOMICS 1 HONOURS ( ECON 1102, ECON 1100 ) Writing period: 1 Hour and 45 Minutes duration Reading period: 15 Minutes duration Permitted Materials:
     
  • Week10_Lecture3.pdf
    Allan Hancock College ECON 1102
    Econ 1102: Week 10, Lecture 3 RECAP We are now allowing for there to be continuous underlying inflation in our economy, so the Real and Nominal Interest Rates are no longer necessarily the same. Differ by the amount of expected inflation. Change in
     
  • Week6_Lecture3.pdf
    Allan Hancock College ECON 1102
    Econ 1102: Week 6, Lecture 3 RECAP Convenient to think about quantities of Money in real (purchasing power) terms rather than in $ values. Real Money Demand: mD = MD/P = f (Y, i ) ; Y mD because more transactions to finance i mD because opport
     
  • Week7_Lecture1.pdf
    Allan Hancock College ECON 1102
    Econ 1102: Week 7, Lecture 1 RECAP: (REMINDER: No Lecture on Thursday) Have now introduced the Money Market where adjustment of the nominal interest rate maintains equality of real money demand and real money supply when M is fixed by the Central B
     
  • exam_02.pdf
    Allan Hancock College ECON 1102
    Macroeconomics 1, Semester 2, 2002 THE AUSTRALIAN NATIONAL UNIVERSITY 2nd Semester Examinations, 2002 Macroeconomics 1 (ECON1102, ECON1100, NCDS8047) Pass and First Honours READING TIME: 30 Minutes TIME ALLOWED: Three (3) Hours Permitted Materials:
     
  • Week3_Lecture2.pdf
    Allan Hancock College ECON 1102
    ECON 1102, Week 3, Lecture 2 Recap: Long-Run Cons Fn: Short-Run Cons Fn: C = cY C = a + bY where a = (c-b) Y and Y is Expected Normal Income Consumption (C) C(Y)LR C(Y) C0 C10 C1 slope = c slope = b a 45 0 Y1 Y0 Income (Y) Initially: Now:
     
  • Week2_Lecture2.pdf
    Allan Hancock College ECON 1102
    Econ 1102: Week 2, Lecture 2 RECAP: Last Lecture - discussed measurement of the Consumer Price Level (CPI) and how the Inflation Rate (of Consumer Prices) would be measured. Calculate CPI by measuring the value, at Current Prices, of a Constant Bask
     
  • Week13_Lecture2.pdf
    Allan Hancock College ECON 1102
    Econ 1102: Week 13, Lecture 2 RECAP Examined the effects of Domestic Demand Shocks in the Open Economy context. Nominal Money Supply Shock: In long-run same effect as in closed economy - no REAL effects all money prices rise in same proportion as M
     
  • econ1102_S107.pdf
    Allan Hancock College ECON 1102
    FACULTY OF BUSINESS SCHOOL OF ECONOMICS ECON 1102 MACROECONOMICS 1 COURSE OUTLINE SESSION 1, 2007 Lecturer-in-Charge Hazel Bateman John Goodsell Building, Room 109 Phone: 9385 3096 Fax: 9313 6337 Email: h.bateman@unsw.edu.au Course Administrator X
     
  • Week5_Lecture3.pdf
    Allan Hancock College ECON 1102
    Econ 1102: Week 5, Lecture 3 RECAP: Defining characteristic of `Money\' is its use as a medium of exchange. Liquidity refers to the ease with which something can perform this role. In reality, a spectrum of financial assets varying from perfectly liq
     
  • Week4_Lecture1.pdf
    Allan Hancock College ECON 1102
    Econ 1102: Week 4, Lecture 1 STORY SO FAR Loanable Funds Market: Adjustment of Real Interest Rate to keep Investment Demand equal to Saving Supply ensures: \"Goods Market Equilibrium\" Agg.Demand for Output (C+I) = Agg.Supply of Output (Y) With Consta
     
  • Week11_Lecture3.pdf
    Allan Hancock College ECON 1102
    Econ 1102: Week 11, Lecture 3 RECAP For simplicity assuming that NFSI is zero for our economy, so the Zero Balance of Payments condition is just NX + NKI = 0 OR: NM = NKI - where NM (Net Imports) is IM-EX Real Exchange Rate defined as E.P where P
     
  • Week6_Lecture2.pdf
    Allan Hancock College ECON 1102
    Econ 1102: Week 6, Lecture 2 RECAP Money supply is a multiple of the quantity of Base Money ( B ) cash held either by public (i.e. `currency\') or by banks Money Multiplier: M = [(1+h)/(h+)]B = B where h is the public\'s cash-to-deposit ratio and is
     
  • Week4_Lecture2.pdf
    Allan Hancock College ECON 1102
    Econ 1102: Week 4, Lecture 2 RECAP Marginal Product of Labour Schedule is the Labour Demand (LD) Curve - Firms hire additional labour up to the point at which MP of Labour equals the Real Wage that must be paid. For a given level of employment, the
     
  • Week10_Lecture1.pdf
    Allan Hancock College ECON 1102
    Econ 1102: Week 10, Lecture 1 RECAP Have considered an example of effects of a Demand Shock ( a reduction in business confidence) in the Long- and Short-Run. Have considered the possible effectiveness of Fiscal and Monetary Policy as mechanisms for
     
  • Week8_Lecture2.pdf
    Allan Hancock College ECON 1102
    Econ 1102: Week 8, Lecture 2 RECAP: Used our model of the Loanable Funds and Money Markets to derive the Aggregate Demand Curve - shows, for each possible level of output (income) the Price Level required in order for Aggregate Demand to be equal to
     
  • Week9_Lecture2.pdf
    Allan Hancock College ECON 1102
    Econ 1102: Week 9, Lecture 2 RECAP: Now distinguishing between Long-Run adjustment of the economy to shocks and Short-Run adjustment. Key Difference: In long-run, money wage fully flexible - real wage at level intended by wage bargainers - output a
     
  • Week8_Lecture1.pdf
    Allan Hancock College ECON 1102
    Econ 1102: Week 8, Lecture 1 RECAP With fully flexible prices and money wages, and zero expected inflation, our model is summarised as follows: Real Wage, Employment and Output (Y) are determined in the Labour Market - changes in P will be matched
     
  • Week9_Lecture3.pdf
    Allan Hancock College ECON 1102
    Econ 1102: Week 9, Lecture 3 RECAP Yesterday, analysed example of a Demand Shock (reduction in Business Confidence) in the Long- and Short-Run. Leftward shift of I schedule requires i = r to keep I = SN and this, in turn, requires mS Other things
     
  • Important_Announcements.pdf
    Allan Hancock College ECON 1102
    Missed Tutorial Tests As previously advised, a student who has missed 1 test for acceptable reasons will be given the average mark of all completed tests for that test. For example if you completed 4 tests with marks of 2, 3, 4, and 3 (total 12, aver
     
  • Week1_Lecture1.pdf
    Allan Hancock College ECON 1102
    ECON 1102: Macroeconomics 1 - Week 1, Lecture 1 COURSE ARRANGEMENTS Course Outline: Be Familiar With Content. Ignorance of Arrangements May Disadvantage You. Check Website Regularly for Announcements You May Have Missed in Lectures. Personnel: Lectu
     
  • H10_08.pdf
    Allan Hancock College ECON 1102
    Semester 2, 2008 Macroeconomics 1 Handout 10 Tutorial Exercise: Week 10 - commencing 22 September If this is an examinable tutorial week for your tutorial group, you will be given 10 minutes to write an answer to one of questions below, as specifi
     
  • Week3_Lecture1.pdf
    Allan Hancock College ECON 1102
    ECON 1102, Week 3, Lecture 1 RECAP BASIC MACRO MODEL Purely Private Sector, Closed Economy No Money Real Variables Modelled as if only a Single Good (`Output\') Produced Goods Market Equilibrium When Aggregate Demand for Output ( AD ) is equal t
     
  • tutorial_marks_01.pdf
    Allan Hancock College ECON 1102
    MACROECONOMICS 1 (ECON1102) SEMESTER 2, 2008 All Tutorials Uni ID Test 1 Test 2 Test 3 Test 4 Test 5 Best 4 2519852 2544740 2546404 2549083 2559019 2562712 2566750 2570950 3166509 3235506 3353289 3366539 3602012 3864802 3947963 3951009 39522
     
  • tutorial_marks_02.pdf
    Allan Hancock College ECON 1102
    MACROECONOMICS 1 (ECON1102) SEMESTER 2, 2008 Uni ID Test 1 Test 2 Test 3 Test 4 Test 5 Best 4 4400786 4400812 4400848 4400913 4400937 4401408 4401523 4401598 4401600 4401636 4401651 4401891 4401915 4402044 4402083 4402499 4402626 4402677 4402780 440
     
  • tutorial_marks_03.pdf
    Allan Hancock College ECON 1102
    MACROECONOMICS 1 (ECON1102) SEMESTER 2, 2008 Uni ID Test 1 Test 2 Test 3 Test 4 Test 5 Best 4 4488779 4491167 4492171 4493589 4493805 4493969 4495418 4495519 4497071 4497590 4500649 4502858 4503316 4503886 4505145 4506010 4507265 4507416 4508622 450
     
  • mid_semester_special_exam.pdf
    Allan Hancock College ECON 1102
    ECON1102 MID-SEMESTER EXAMINATION University ID % Mark 3864802 3947963 3951009 4227310 4252449 4298978 4307310 4307462 4307726 4315709 4324176 4348203 4350904 4399236 4399337 4401636 4405306 4411536 4416160 4424420 4427136 4435614 4515957 4523027
     
  • Week5_Lecture1.pdf
    Allan Hancock College ECON 1102
    Econ 1102: Week 5, Lecture 1 RECAP: With Govt. Sector - Goods Mkt. Equilib. AD = C + I + G = C + S + T = Y so: AD = Y when i.e. I = S + ( T G ) = SN Investment = Total National Saving Brought about by adjustment of Real Interest Rate r in Loanab
     
  • Week8_Lecture3.pdf
    Allan Hancock College ECON 1102
    Econ 1102: Week 8, Lecture 3 RECAP In the context of our assumption of full money wage flexibility have derived the Aggregate Demand (AD) and Aggregate Supply (AS) curves. Examined the effects of a Demand Shock (shifting AD curve) and a Supply Shock
     
  • Week9_Lecture1.pdf
    Allan Hancock College ECON 1102
    Econ 1102: Week 9, Lecture 1 INTRO So far maintained an assumption (Fully Flexible Money Wage) which ensures that Output and Employment (and Unemployment) are determined by conditions prevailing in the Labour Market , independently of what is happen
     
  • Week10_Lecture2.pdf
    Allan Hancock College ECON 1102
    Econ 1102: Week 10, Lecture 2 RECAP: In context of a model in which Money Wages are Fixed in the ShortRun (but Fully Flexible in the Long-Run) have examined the effects of a Demand Shock and of a Supply Shock Considered the possible roles of Fiscal
     
  • Week12_Lecture3.pdf
    Allan Hancock College ECON 1102
    Econ 1102: Week 12, Lecture 3 RECAP Have derived the AD Curve for the Open Economy in same way as for Closed Economy. As previously, AD Curve shows, for each possible Y, the Price Level required for AD = Y i.e. the value of P required to give the mS
     
  • Week13_Lecture1.pdf
    Allan Hancock College ECON 1102
    Econ 1102: Week 13, Lecture 1 RECAP Considered the effects of a Nominal Money Supply Shock ( M ) in Open Economy context. In the Long-Run, x% M leads to x% Increase in all Money Prices (denominated in $H), with no effect on any REAL variables. Same
     
  • H2_08.pdf
    Allan Hancock College ECON 1102
    Semester 2, 2008 MACROECONOMICS 1 Handout 2 Tutorial Exercise: Week 2 - commencing 28 July If this is an in-class test week for your tutorial group, you will be given 10 minutes to write an answer to one of questions below, as specified by your tu
     
  • H3_08.pdf
    Allan Hancock College ECON 1102
    Semester 2, 2008 Macroeconomics 1 Handout 3 Tutorial Exercise: Week 3 - commencing 4 August If this is an examinable tutorial week for your tutorial group, you will be given 10 minutes to write an answer to one of questions below, as specified by
     
  • H4_08.pdf
    Allan Hancock College ECON 1102
    Semester 2, 2008 Macroeconomics 1 Handout 4 Tutorial Exercise: Week 4 - commencing 11 August If this is an examinable tutorial week for your tutorial group, you will be given 10 minutes to write an answer to one of questions below, as specified by
     
  • H5_08.pdf
    Allan Hancock College ECON 1102
    Semester 2, 2008 Macroeconomics 1 Handout 5 Tutorial Exercise: Week 5 - commencing 18 August If this is an examinable tutorial week for your tutorial group, you will be given 10 minutes to write an answer to one of questions below, as specified by
     
  • H6_08.pdf
    Allan Hancock College ECON 1102
    Semester 2, 2008 Macroeconomics 1 Handout 6 Tutorial Exercise: Week 6 - commencing 25 August If this is an examinable tutorial week for your tutorial group, you will be given 10 minutes to write an answer to one of questions below, as specified by
     
  • H7_08.pdf
    Allan Hancock College ECON 1102
    Semester 2, 2008 Macroeconomics 1 Handout 7 Tutorial Exercise: Week 7 - commencing 1 September There will be no in-class tests in this week and no lecture on Thursday 4 Sept. In each of the following questions, state whether the statements in ita
     
  • H8_08.pdf
    Allan Hancock College ECON 1102
    Semester 2, 2008 Macroeconomics 1 Handout 8 Tutorial Exercise: Week 8 - commencing 8 September If this is an examinable tutorial week for your tutorial group, you will be given 10 minutes to write an answer to one of questions below, as specified
     
  • H9_08.pdf
    Allan Hancock College ECON 1102
    Semester 2, 2008 Macroeconomics 1 Handout 9 Tutorial Exercise: Week 9 - commencing 15 September If this is an examinable tutorial week for your tutorial group, you will be given 10 minutes to write an answer to one of questions below, as specified
     
  • H11_08.pdf
    Allan Hancock College ECON 1102
    Semester 2, 2008 Macroeconomics 1 Handout 11 Tutorial Exercise: Week 11 - commencing 13 October If this is an examinable tutorial week for your tutorial group, you will be given 10 minutes to write an answer to one of questions below, as specified
     
  • H12_08.pdf
    Allan Hancock College ECON 1102
    Semester 2, 2008 Macroeconomics 1 Handout 12 IMPORTANT INFORMATION: See course website for announcements about Missed Tutorial Tests and Make-Up Tests Special Examinations and Special Consideration Supplementary Examinations Macroeconomics 1 Summe
     
  • H13_08.pdf
    Allan Hancock College ECON 1102
    Semester 2, 2008 Macroeconomics 1 Handout 13 NOTICE: Students who have missed more than 1 test for acceptable reasons are eligible to sit a make-up test or tests. These will be held on THURSDAY 30 October at 1 pm in Arndt TR6. A list of eligible s
     
 
 
 
 
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