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ECON 2105  MACROECONOMICS  UGA Study Resources
 UGA
 Rudbeck
 The Economics of Inaction: Stochastic Control Models with Fixed Costs, Principles of Economics, Microeconomics MyEconLab Homework Edition plus Themes of the Times Booklet, Scared to Death: From BSE to Global Warming: Why Scares are Costing Us the Earth, Shea Butter Republic: State Power, Global Markets, and the Making of an Indigenous Commodity

ECON 2105 Test 2 Highlights Professor Bulut
School: UGA
Course: MACROECONOMICS
HIGHLIGHTS OF THE MODULES Caution: Below is the brief summary of the modules. It does not claim to cover all important materials in each module, instead, consider these notes as a quick summary of each model. Please let me know if you see any error in the

ECON 2105 Forumulas Test 2 Professor Bulut
School: UGA
Course: MACROECONOMICS
Formulas that will be provided during the exam AS IS Inflation rate = 100 100 100 Profit per unit= Price per unit cost per unit AD=C+I+G+XIM Ex ante real interest rate= nominal interest rate expected (anticipated) inflation rate Ex post real intere

Probability2
School: UGA
Course: Micro Econ
Introduction to Probability and Statistics Lecture notes Random Variables and Probability Distributions Objectives: 1. Dene a random variable 2. Understand the dierence between a discrete and continuous random variable 3. Construct a probability distribut

Probability1
School: UGA
Course: Micro Econ
Introduction to Probability and Statistics Lecture notes Probability Objectives: 1. Learn the basic concepts of probability 2. Learn the basic vocabulary for probability 3. Identify the sample space and outcomes for experiments 4. Identity simple and comp

Conf_and_hyp
School: UGA
Course: Micro Econ
Introduction to Probability and Statistics Lecture notes Condence Intervals and Hypothesis Testing Objectives: 1. Learn the concepts of estimating a parameter and how to measure the condence of that estimate 2. Point estimates and interval estimates 3. Ch

NYTimes_Medicaid_study
School: UGA
Course: Micro Econ
Study Finds Benefits in Health Insurance for the Poor  NYTimes.com 1 of 3 http:/www.nytimes.com/2011/07/07/health/policy/07medicaid.html?_r=. Reprints This copy is for your personal, noncommercial use only. You can order presentationready copies for dis

Load_Analysis ToolPakExcel2010
School: UGA
Course: Micro Econ
Load the Analysis ToolPak  Excel  Office.com http:/office.microsoft.com/enus/excelhelp/loadtheanalysistoolpakH. Support / Excel / Excel 2007 Help and Howto / Customizing / Loading addins Load the Analysis ToolPak Applies to: Microsoft Office Exc

Twosample_tests
School: UGA
Course: Micro Econ
In a study of the testretest reliability of an adult intelligence rating scale, the testretest Iqs of 12 psychiatric patients were compared at sixweek intervals. The results are shown below. Test the hypothesis that there is no differenc in the test an

Corr_notes
School: UGA
Course: Micro Econ
MATH 3070 Introduction to Probability and Statistics Lecture notes Relationships: Scatterplots and Correlation Objectives: 1. Learn the concept of a scatterplot 2. Learn to compute and interpret Pearsons correlation coecient Scatterplots As we saw previo

Counting
School: UGA
Course: Micro Econ
Introduction to Probability and Statistics Lecture notes Concepts of Counting Objectives: 1. Learn the basic concepts of counting 2. What is the factorial and how to compute it 3. Learn the dierence between permutations combinations How many outcomes ar

Normal_cdf
School: UGA
Course: Micro Econ
Table 1: Table of the Standard Normal Cumulative Distribution Function (z) z 3.4 3.3 3.2 3.1 3.0 2.9 2.8 2.7 2.6 2.5 2.4 2.3 2.2 2.1 2.0 1.9 1.8 1.7 1.6 1.5 1.4 1.3 1.2 1.1 1.0 0.9 0.8 0.7 0.6 0.5 0.4 0.3 0.2 0.1 0.0 0.0

TA_Information
School: UGA
Course: Micro Econ
TA Information for ISYE 3770 Summer 2011 Mr. Jin Lee Office : ISyE Main building, Room 448 Coverage : Thursday 11:00 12:00 and 3:00 4:00 Email : jlee736@gatech.edu Mr. Norbert Remeny Office : ISyE Main building, Room 432 Coverage : Tuesday 11:00 12:00 and

Section1_3
School: UGA
Course: Micro Econ
ISYE 3770 Statistics and Applications Lecture notes Sampling theory Objectives: 1. Learn the basic concepts of sampling theory 2. Learn what bias is and why it is bad 3. Learn the dierence between voluntary response, convenience, systematic, and simple ra

Section1_2
School: UGA
Course: Micro Econ
ISYE 3770 Statistics and Applications Lecture notes Introduction The Dichotomy in Statistics Statistics can be broadly divided into two separate categories : descriptive and inferential. Descriptive statistics are used to tell us about the data and convey

Section2_5
School: UGA
Course: Micro Econ
ISYE 3770 Statistics and Applications Lecture notes Measures of Spread or Dispersion Objectives: 1. Identify and compute variance and standard deviation 2. Understand degrees of freedom Sample Variance and Standard Deviation Having found the center of the

Section2_4
School: UGA
Course: Micro Econ
MISYE 3770 Statistics and Applications Lecture notes Measures of Centrality Objectives: 1. Identify and compute/derive mean, median, and mode 2. Understand summation notation (big sigma) Measures of Central Tendency Graphical descriptions of data sets are

Section2_2
School: UGA
Course: Micro Econ
ISYE 3770 Statistics and Applications Lecture notes Graphical Representation Objectives: 1. Identify bar graphs, pie graphs, and histograms 2. Interpret a histogram 3. Skewness of a distribution 4. Outliers Graphical Display of Data It is easiest to inter

Section1_4
School: UGA
Course: Micro Econ
ISYE 3770 Statistics and Applications Lecture notes Sampling theory Objectives: 1. Learn the basic concepts of sampling theory 2. Learn what bias is and why it is bad 3. Learn the dierence between voluntary response, convenience, systematic, and simple ra

Section2_7
School: UGA
Course: Micro Econ
ISYE 3770 Statistics and Applications Lecture notes Measures of Position Objectives: 1. Understand and use the Empirical Rule The Empirical Rule (689599.7) If the distribution of the data is approximately symmetrical with a single peak we usually refer

Section2_6
School: UGA
Course: Micro Econ
ISYE 3770 Statistics and Applications Lecture notes Measures of Position Objectives: 1. Compute individual items for a ve number summary 2. Compute and use standard variance and deviation Quartiles We can measure the spread of the data by identifying the

Corr_example
School: UGA
Course: Micro Econ
MATH 1070 Introductory Statistics Annotated Example for Computing Correlation Methodology Correlation is computed by using the following steps (from Cryer and Miller, p. 147148) 1 : 1. Compute the means and standard deviations for each variable. 2. Stand

Reg_example
School: UGA
Course: Micro Econ
Introductory Statistics Annotated Example for Linear Regression Problem statement A consumer welfare agency wants to investigate the relationship between the sizes of houses and rents paid by tenants in a small city. The agency collected the following inf

Regress1
School: UGA
Course: Micro Econ
Introduction to Probability and Statistics Lecture notes Relationships: Simple Regression Objectives: 1. Learn the equation for simple regression 2. Compute the regression equation for a given data set Simple Linear Regression Once weve established there

Global Markets
School: UGA
Course: MACROECONOMICS
Global Markets A veteran economist and a rookie economist are walking down the road. They come across a spoiled apple lying on the asphalt. Says the veteran economist, "If you eat it, I'll give you $20,000!" The rookie economist runs his optimization mod

Money
School: UGA
Course: MACROECONOMICS
Money, the Price Level and Inflation Money Do not value money for any more nor any less than its worth; it is a good servant but a bad master. ~Alexandre Dumas fils, Camille, 1852 Money functions as Means of Payment Settles a debt. After payment, no r

Depository Institutions
School: UGA
Course: MACROECONOMICS
Depository Institutions A bank is a place that will lend you money if you can prove that you don't need it. Bob Hope Types of Institutions Functions Check clearing Account management Credit cards Internet banking Make loans Buy securities Bank Assets Com

Finance
School: UGA
Course: MACROECONOMICS
Finance, Saving and Investment Capital vs. Investment Investment = purchase of new plant & equipment, additions to inventory Depreciation = decrease in value of capital from wear & tear and obsolescence Gross investment = total spent on new capital an

Banks And Mortgages
School: UGA
Course: MACROECONOMICS
Banks and Mortgages Banks did not care how risky the mortgages were because they were not going to hold the mortgages themselves. They would be sold to the Wall Street banks. Because house prices were rising rapidly, if a subprime borrower could not make

Measuring GDP And Economic Growth
School: UGA
Course: MACROECONOMICS
Measuring GDP and Economic Growth Economic Statistics Numerical measures of all sectors of the economy, e.g. GDP Growth(loss) in GDP Employment levels Unemployment rate National Bureau of Economic Research Bureau of Labor Statistics Bureau of Econo

Income Approach
School: UGA
Course: MACROECONOMICS
Income Approach The income approach measures GDP by summing the incomes that firms pay households for the factors of production they hire. 1. Compensation of employees 2. Net interest 3. Rental income 4. Corporate profits 5. Proprietors income Expenditur

Tradeoffs
School: UGA
Course: MACROECONOMICS
Tradeoffs Production Possibilities scarcity says: to production of one good, we must production of something else. Begin by assuming Full employment Fixed technology Only two goods Production Possibility A B C D E F National Health Security Care (mi

Gains From Trade
School: UGA
Course: MACROECONOMICS
Gains from Trade Specialization and trade maximizes a persons material wellbeing. A Simple Model of Production and Trade Adam Smith Observed that increasing specialization in production was responsible for increased output. Refuted mercantilism David R

Monetary Policy
School: UGA
Course: MACROECONOMICS
Monetary Policy LongRun versus ShortRun Longrun goals are consistent In shortrun, there is a tradeoff between inflation and interest rates Inflation and real GDP and employment Money Neutrality 1. Fed increases MS 2. Interest rates 3. AD shift

Exchange Rates And The Balance Of Payments
School: UGA
Course: MACROECONOMICS
Exchange Rates and the Balance of Payments Foreign Exchange Market Where Currency is Exchanged and FX Rates Determined Foreign Exchange Market Where the currency of one country is exchanged for the currency of another country. It has many traders and

Regression_example
School: UGA
Course: Micro Econ
Years out of school 4 8 30 24 18 10 21 7 15 28 2 17 12 21 14 Amount of Donation 25 20 50 150 100 10 75 30 25 60 10 25 30 50 10 160 140 120 100 Column B 80 60 40 20 0 0 5 10 15 20 25 30 35

Regression_example_2
School: UGA
Course: Micro Econ
A study of the development of young children recorded the age in months at which each of 21 children spoke their first word and their Gesell Adaptive Score, the result of an aptitude test taken much later. Child Age 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16

Multivar_regress
School: UGA
Course: Micro Econ
options ls=80; data rigs; input rig depth geology downtime rig_index cost; cards; 1 5000 319 0 0.624 2596.8 2 5200 241 160 1.010 3328.0 3 6000 268 121 0.634 3181.1 4 6538 345 48 0.903 3198.4 5 7109 549 120 0.566 4779.9 6 7556 552 608 1.034 5905.6 7 8005 4

Multivar_regress
School: UGA
Course: Micro Econ
The SAS System 1 14:34 Monday, July 18, 2011 The CORR Procedure 5 Variables: depth geology downtime rig_index cost Simple Statistics Variable N Mean Std Dev Sum Minimum Maximum depth geology downtime rig_index cost 16 16 16 16 16 8594 576.31250 158.81250

Anova_sas
School: UGA
Course: Micro Econ
The SAS System 1 12:35 Wednesday, July 27, 2011 The ANOVA Procedure Class Level Information Class technique Levels 4 Number of Observations Read Number of Observations Used Values 1234 16 16 The SAS System 2 12:35 Wednesday, July 27, 2011 The ANOVA Proced

Anova2
School: UGA
Course: Micro Econ
The SAS System 1 14:39 Wednesday, July 27, 2011 The ANOVA Procedure Class Level Information Class line Levels 3 Number of Observations Read Number of Observations Used Values ABC 18 18 The SAS System 2 14:39 Wednesday, July 27, 2011 The ANOVA Procedure De

Anova
School: UGA
Course: Micro Econ
Introduction to Probability and Statistics Lecture notes Analysis of Variance  ANOVA Objectives: 1. Discuss the basic concepts of multiple comparisons 2. Learn the F distribution and statistic 3. Learn the formulas for performing an ANOVA test 4. Discuss

Fiscal Policy
School: UGA
Course: MACROECONOMICS
Fiscal Policy Pieces of Chapter 11 and 13 The long run is a misleading guide to current affairs. In the long run we are all dead. Economists set themselves too easy, too useless a task if in tempestuous seasons they can only tell us that when the storm is

MacroEconomics 2012
School: UGA
10PrinciplesofEconomics Economicsthestudyofhowsocietyallocatesitsscarceresources Factorsofscarcity 1. Limited 2. Peoplehavetowantit Ex1)MonaLisa,waterinAustralia Almosteverythingisscarce;thereisjustnotenoughstufftogoaround MonarchiesandtheUSSRdealtwithsca

Past Quizzes From Module 25
School: UGA
Course: PRINCIPLES OF MACROECONOMICS
4%78 3202) 59> *631 13(90)

Module 18 Highlights
School: UGA
Course: PRINCIPLES OF MACROECONOMICS
HIGHLIGHTS OF MODULE #18 Caution: Below is the brief summary of the module. It does not claim to cover all important materials in each module, instead, consider these notes as a quick summary of each model. Please email me if you see any error in the note

Module 17 Highlights
School: UGA
Course: PRINCIPLES OF MACROECONOMICS
HIGHLIGHTS OF MODULE #17 Caution: Below is the brief summary of the module. It does not claim to cover all important materials in each module, instead, consider these notes as a quick summary of each model. Please email me if you see any error in the note

Practice Questions Modules 14&15
School: UGA
Course: PRINCIPLES OF MACROECONOMICS
ANSWERS TO THE ONLINE QUIZ QUESTIONS Quiz 4: Modules 12, 14, and 15. 1. (Module 14) Assume that the base year is 2007. The consumer price index in 2006 was 105. In 2007 it was 100. What was the rate of inflation from 2006 to 2007? A) 5 % B) 5 % C) 4.76

Test #1 Practice
School: UGA
Course: PRINCIPLES OF MACROECONOMICS
Answer Key, Exam 1 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. C C A D C D B B D D A A C D D C B B B A C A B B D A 1. Trade can be beneficial to an economy because: A) it prevents unemployment. B) it resu

Quiz 1
School: UGA
Course: PRINCIPLES OF MACROECONOMICS
Quiz Note: It is recommended that you save your response as you complete each question. Question 1 (800 points) (Module 10 #1B) Which one of the following transactions will be included in the official measurement of GDP? a) Caitland bought a brandnew iPh

Practice Questions Module 10
School: UGA
Course: PRINCIPLES OF MACROECONOMICS
Sample questions from Module 10 Wednesday, January 22, 2014 2:28 PM New Section 1 Page 1 Practice Questions from Module 10 Wednesday, January 22, 2014 2:28 PM New Section 1 Page 2 Unfortunately, evennumbered pages are empty. If you will need to print thi

Practice Questions Module 12
School: UGA
Course: PRINCIPLES OF MACROECONOMICS
SAMPLE QUESTIONS FROM MODULE 12 (THE QUESTIONS ARE FROM THE PREVIOUS YEARS ONLINE QUIZZES)

Practice Questions Module 11
School: UGA
Course: PRINCIPLES OF MACROECONOMICS
ANSWER KEY TO QUIZ #3 FROM MODULE 11 1. The value of all the following goods is included in the calculation of aggregate output EXCEPT: A) the value of brand new Firestone tires sold to John. B) the value of a new shower installed in a recently purchased

Old Quiz Q's
School: UGA
Course: PRINCIPLES OF MACROECONOMICS
Quiz Note: It is recommended that you save your response as you complete each question. Question 1 (1 point) Table: Pizza Economy I Reference: Ref 1006 (Table: Pizza Economy I) Based on the accompanying table, GDP in this economy is: a) $57,000. b) $73,0

Module 19 Highlights
School: UGA
Course: PRINCIPLES OF MACROECONOMICS
HIGHLIGHTS OF MODULE #19 (Sorry for the typos or any other grammatical errors. If you find any inconsistency in the explanations, please send me an email as soon as possible) MODULE 19: EQUILIBRIUM IN THE ADAS MODEL Good to know that The shortrun equi

Module 23 Highlights
School: UGA
Course: PRINCIPLES OF MACROECONOMICS
HIGHLIGHTS OF MODULE #23 (Sorry for the typos or any other grammatical errors. If you find any inconsistency in the explanations, please send me an email as soon as possible) MODULE 23: THE DEFINITION AND MEASUREMENT OF MONEY Good to know that For anyth

Past Quizzes From Module 27
School: UGA
Course: PRINCIPLES OF MACROECONOMICS
BRIEF ANSWERS TO ONLINE QUIZ #9 MODULE 27 1. All of the following are responsibilities of the Fed EXCEPT: A) control the monetary base. B) mint bills and coins. C) oversee and regulate the banking system. D) set the discount rate. 2. The Fed controls: A)

Module Highlights
School: UGA
Course: PRINCIPLES OF MACROECONOMICS
(Sorry for any typo or grammatical errors. If you find any inconsistency in the explanations, please send me an email) Module 25 1) Role of banks in the money supply determination in the economy First of all, what is money supply? We use in our book the M

Past Quizzes From Module 31
School: UGA
Course: PRINCIPLES OF MACROECONOMICS
BRIEF ANSWERS TO QUIZ #10 MODULES 31 AND 34 1. (Module 31) If the target rate of interest is higher than the current equilibrium interest rate in the money market, the Fed will: A) sell treasury bills in the open market, increase the supply of money, and

Extra Practice From Module 27
School: UGA
Course: PRINCIPLES OF MACROECONOMICS
)<86% 46%'8') 59)78327 *631 13(90) BRIEF ANSWERS TO ONLINE QUIZ #9 MODULE 27 1. All of the following are responsibilities of the Fed EXCEPT: A) control the monetary base. B) mint bills and coins. C) oversee and regulate the banking system. D) set the di

Module 20 Highlights
School: UGA
Course: PRINCIPLES OF MACROECONOMICS
HIGHLIGHTS OF MODULE #20 (Sorry for the typos or any other grammatical errors. If you find any inconsistency in the explanations, please send me an email as soon as possible) MODULE 20: ECONOMIC POLICY AND THE ADAS MODEL Good to know that The government

Practice Questions Models 19 & 20
School: UGA
Course: PRINCIPLES OF MACROECONOMICS
BRIEF ANSWERS TO ONLINE QUIZ 7 MODULES 19 AND 20 1. (Points: 0.3) Inflationary and recessionary gaps are closed by selfcorrecting adjustments that shift: 1. the AD curve. 2. the SRAS curve. 3. the LRAS curve. 4. both the SRAS curve and the LRAS curve. 2.

Test 2 Practice Quiz
School: UGA
Course: PRINCIPLES OF MACROECONOMICS
Quiz Submissions  Self quiz Q2 NOT GRADED  XLS  EC. https:/uga.view.usg.edu/d2l/lms/quizzing/user/quiz_submission. Matthew Clark (username: mcla94) Attempt 1 Written: Feb 26, 2014 7:17 PM  Feb 26, 2014 11:25 PM Submission View Question 1 0 / 1 point (

Practice Questions Models 17 & 18
School: UGA
Course: PRINCIPLES OF MACROECONOMICS
ANSWERS TO THE ONLINE QUIZ QUESTIONS Quiz 6: Modules 17 and 18. 1. (Module 17) The aggregate demand curve: A) has a negative slope when the aggregate price level is measured in the vertical axis. B) slopes upward. C) is horizontal at potential output. D)

Higlights Of Modules 5 & 6 & 7
School: UGA
Course: PRINCIPLES OF MACROECONOMICS
HIGHLIGHTS OF THE MODULES (You are not responsible from these modules on the tests) Module 5 First, some important concepts in this module: The quantity demanded is the actual amount consumers are willing to buy at some specific price. A demand curve is a

Highlights Of Modules 14 & 15
School: UGA
Course: PRINCIPLES OF MACROECONOMICS
HIGHLIGHTS OF THE MODULES 14& 15 Caution: Below is the brief summary of the modules. It does not claim to cover all important materials in each module, instead, consider these notes as a quick summary of each model. Please email me if you see any error in

Information On The First Exam
School: UGA
Course: PRINCIPLES OF MACROECONOMICS
Dear All, We will have our first test on WEDNESDAY, FEBRUARY THE 5TH, during the regular class hour. The Rules during the TEST What to Bring Not Allowed If it is not an emergency situation, please do not take a bathroom break. Please read the followings c

Formulas Test 1
School: UGA
Course: PRINCIPLES OF MACROECONOMICS
The following equations will be provided to you during the test. Please, do NOT PRINT this page. GDP = C + I + G + X  IM real wage= wage rate/ price level Net Export = X  IM Labor Force Participat ion Rate Labor force 100 Adult population Labor Force E

ECON 2105 TEST 1 NOTES PROFESSOR BULUT
School: UGA
Course: MACROECONOMICS
ECON 2105 TEST 1 NOTES PROFESSOR BULUT Module 5 Competitive market: a market in which there are many buyers and sellers of the same good or service, none of whom can influence the price at which the good or service is sold. Supply and demand model: a mo

ECON 2105 Syllabus
School: UGA
Course: PRINCIPLES OF MACROECONOMICS
PRINCIPLES OF MACROECONOMICS ECON 210525724 (12:20 p.m. Class) January 06, 2014 Instructor: Levent Bulut Office: Brooks Hall, #506 EMail: bulut@uga.edu Phone: 7065423488 Twitter: @BulutEconomics Lectures: MWF: 12:20 p.m.1:10 p.m. Room: SLC171 Walki

5,6,7  Notes
School: UGA
Course: PRINCIPLES OF MACROECONOMICS
1/9/2014 MODULES 5&6&7 Supply and Demand Model Note: You are not responsible from these modules on the exams. You will be given a bonus quiz from these materials. What is a demand curve? It is a function between the price of a product and the quantity de

Higlights Of Module 10
School: UGA
Course: PRINCIPLES OF MACROECONOMICS
HIGHLIGHTS OF THE MODULES Module 10: Some important definitions are: Gross domestic product, or GDP, is the total value of all final goods and services produced in the economy during a given year. Aggregate spending, the sum of consumer spending, investme

Highlights Of Module 12
School: UGA
Course: PRINCIPLES OF MACROECONOMICS
HIGHLIGHTS OF THE MODULE 12 The Expectations: Explain how unemployment is measured. Explain how to calculate the unemployment rate. Discuss the significance of the unemployment rate for the economy. Explain the relationship between the unemployment rate a

Higlights Of Module 11
School: UGA
Course: PRINCIPLES OF MACROECONOMICS
HIGHLIGHTS OF THE MODULES Module 11 The Expectations: Explain the difference between real and nominal GDP. Explain why economic activity is best measured by real GDP. Measure real GDP for various years. Important formulas: Try these! If nominal GDP inc

CH. 3 Practice Problems
School: UGA
Course: PRINCIPLES OF MACROECONOMICS
Practice Problem Set for Chapter 3 "Supply and Demand" Krugman Name: _ Date: _ 1. An increase in demand for good X could be caused by a decrease in the price of X. A) True B) False 2. Which of the following will NOT cause an increase in supply of good X?

15  Notes
School: UGA
Course: PRINCIPLES OF MACROECONOMICS
1/20/2014 The Measurement and Calculation of Inflation Module 15 Outline Why we measure inflation? The measurement methodology The critiques of the current methodology Inflation adjustment. Why we measure inflation? 1 1/20/2014 Consumer Price Index (C

12 & 13  Notes
School: UGA
Course: PRINCIPLES OF MACROECONOMICS
1/20/2014 The Meaning and Calculation of Unemployment The Causes and Categories of Unemployment MODULES 12&13 How unemployment is measured How the unemployment rate is calculated The significance of the unemployment rate for the economy The relationship b

14  Notes
School: UGA
Course: PRINCIPLES OF MACROECONOMICS
1/20/2014 MODULE 14 Inflation: An Overview What if the US economy ends up with 10 % inflation at the end of this this year, how do you think your life will be affected from this high inflation? Inflation does NOT mean that all prices are rising. As of Ja

10  Notes
School: UGA
Course: PRINCIPLES OF MACROECONOMICS
1/12/2014 MODULE 10 The Circular Flow and Gross Domestic Product Krugman/Wells OUTLINE Most Recent US GDP numbers Year GDP ( billions of dollars) 2006 13857.9 2007 14480.3 2008 14720.3 2009 14417.9 2010 14958.3 2011 15533.8 2012 16244.6 2013 16912* 1 1/12

11  Notes
School: UGA
Course: PRINCIPLES OF MACROECONOMICS
1/12/2014 Interpreting Real Gross Domestic Product MODULE 11 In which year the economy is doing better? GDP in 2011 at current prices: $15, 500 billion GDP in 2012 at current prices: $17, 700 billion Copyright 2013 Worth Publishers When the GDP rises:

ECON 2105 Syllabus Professor Bulut
School: UGA
Course: MACROECONOMICS
PRINCIPLES OF MACROECONOMICS ECON 210597132 (2 p.m. Class) March 05, 2013 Instructor: Dr. Levent Bulut Office: Brooks Hall, #506 EMail: bulut@uga.edu Phone: 7065423488 Lectures: Tue & Thu: 2:00 p.m.3:15 p.m. Room: Miler LC # 101 Regular Office Hours:

Chapter 13  US National Debt
School: UGA
Course: PRINCIPLES OF MACRO ECONOMICS
year gross federal debt dollars (trillions) public dollars (trillions) total deflator 1940 50,696 42,772 0.09 1941 57,531 48,223 0.09 1942 79,200 67,753 0.1 1943 142,648 127,766 0.11 1944 204,079 184,796 0.11 1945 260,123 235,182 0.11 1946 270,991 241,861

Test2_c
School: UGA
Course: MACROECONOMICS
Name: _ Macroeconomics Fall 2010 Test #2 Version C Multiple Choice Identify the choice that best completes the statement or answers the question. _ 1. Suppose that because of the popularity of the lowcarb diet, bakeries want fewer workers and steak house

Test2_b
School: UGA
Course: MACROECONOMICS
Name: _ Macroeconomics Fall 2010 Test #2 Version B Multiple Choice Identify the choice that best completes the statement or answers the question. _ 1. Suppose that because of the popularity of the lowcarb diet, bakeries want fewer workers and steak house

Test2_a
School: UGA
Course: MACROECONOMICS
Name: _ Macroeconomics Fall 2010 Test #2 Version A Multiple Choice Identify the choice that best completes the statement or answers the question. _ 1. Suppose that because of the popularity of the lowcarb diet, bakeries want fewer workers and steak house

Test1_d
School: UGA
Course: MACROECONOMICS
Name: _ Macroeconomics Fall 2010 Test #1 Version D Multiple Choice Identify the choice that best completes the statement or answers the question. _ 1. For the United States, resources are a. plentiful for households but scarce for the economy. b. scarce f

Test1_c
School: UGA
Course: MACROECONOMICS
Name: _ Macroeconomics Fall 2010 Test #1 Version C Multiple Choice Identify the choice that best completes the statement or answers the question. _ 1. For the United States, resources are a. scarce for households but plentiful for the economy. b. plentifu

Test1_b
School: UGA
Course: MACROECONOMICS
Name: _ Macroeconomics Fall 2010 Test #1 Version B Multiple Choice Identify the choice that best completes the statement or answers the question. _ 1. For the United States, resources are a. scarce for households and scarce for the economy. b. plentiful f

Homework2
School: UGA
Course: MACROECONOMICS
Name: _ Macroeconomics Fall 2010 Homework #2 Multiple Choice Identify the letter of the choice that best completes the statement or answers the question. _ 1. Which of the following is a cause of frictional unemployment? a. the minimum wage b. a worker le

Homework1
School: UGA
Course: MACROECONOMICS
Name: _ Macroeconomics Fall 2010 Homework #1 Multiple Choice Identify the letter of the choice that best completes the statement or answers the question. _ 1. Approximately what percentage of individuals, in the world, face scarcity? a. 100% b. 50% c. 15%

2105_fall2010_230_syllabus
School: UGA
Course: MACROECONOMICS
Jason C. Rudbeck, Ph.D. Syllabus Fall 2010 Economics 2105 Principles of Macroeconomics 2:30 3:20 PM M/W/F S306 Instructional Plaza Office: 514 Brooks Hall Office Ph.: 7065423186 Cell: 8645086940 Office Hours: 1:20 2:10 M/W and by appointment EMail: r

Test2_d
School: UGA
Course: MACROECONOMICS
Name: _ Macroeconomics Fall 2010 Test #2 Version D Multiple Choice Identify the choice that best completes the statement or answers the question. _ 1. Suppose that because of the popularity of the lowcarb diet, bakeries want fewer workers and steak house