Week1_studytips_faLL 2009_ECN 211_extra

Week1_studytips_faLL 2009_ECN 211_extra - FALL2009 ECN211...

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FALL 2009 ECN 211 Dr. Mendez Week 1 :  Suggestions on What (and How) to Study After this First Week As I noted in class, this first week I am selecting only a few topics from Chapters 1 through 5  (principally, all material related to the circular flow model and how to develop a production  possibility curve).  To help you focus, I am listing below some key terms or concepts that I  covered in lecture and I am also identifying the sections in your study guide that are ideal to  work through.  I won’t always do this since in the future you will be able to match the  material/topics I cover in class with the appropriate sections in the study guide. KEY TERMS/CONCEPTS Circular flow diagram Short run, long run Relationship of money flow to real economy in short run and long run Injections, leakages Households, consumption, saving, taxes
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