Syllabus__Procedure___Sample_questionnai

Syllabus__Procedure___Sample_questionnai - Department of...

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Department of Economics University of Waterloo Econ 202 (Section 004) – Macroeconomic Theory I Spring 2010 All information pertaining to Final examination is provided in this file. Location for the Final Exam: PAC 2 Office hours during Final Exam period: Thursday, July 29 from 12.00 pm to 3.00 pm Thursday, August 5 from 12.00 pm to 3.00 pm Monday, August 9 from 11.00 am to 2.00 pm Syllabus: Final exam is comprehensive. It will cover all chapters we studied throughout the course. Chapter 1: The Science of Macroeconomics Chapter 2: The Data of Macroeconomics Chapter 3: National Income: Where It Comes From and Where It Goes Chapter 4: Money and Inflation Chapter 5: The Open Economy Chapter 7: Economic Growth I: Capital Accumulation and Population Growth Chapter 8: Economic Growth II: Technology, Empirics, and Policy Chapter 9: Introduction to Economic Fluctuations Chapter 10: Aggregate Demand I: Building the IS-LM Model Chapter 11: Aggregate Demand II: Applying the IS-LM Model Chapter 12: The Open Economy Revisited: The Mundell-Fleming Model and the Exchange-Rate Regime The current financial crisis - Chapter 13 from Jones The history of modern macroeconomics Assigned Problems from the textbook: Chapter 2: Chapter 4: Chapter 5: 1, 2 & 8
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Some Important Concepts: Chapter 1: Economic models, exogenous vs. endogenous variables Comparative statics and sensitivity analysis Chapter 2 Definitions and estimation of GDP Specific meaning of each of phrase in the definition of GDP Different components of GDP (Y=C+I+G+NX) Stock vs. Flow GDP Deflator GDP as an imperfect measure of welfare Difference between real and nominal GDP GDP vs.GNP Measure of overall prices in the economy (Consumer Price Index) Steps to calculate CPI and inflation rate CPI and problems in measuring the cost of living GDP Deflator vs.CPI Comparing dollar values from different times Indexation (automatic correction of dollar amount for the effect of inflation) Real and nominal interest rate Measure of unemployment Labor force participation rate and unemployment rate Two important arithmetic tricks Chapter 3: Circular Flow Diagram A closed economy market clearing model in the long run The neoclassical theory of production, distribution and allocation of goods and services The production function-Example: Cobb Douglas production function The supply of goods and services The decision of the competitive firms The demand for inputs National Saving (Y-C-G) Public (T-G) and private saving (Y-T-C) The equilibrium in the goods market Supply of loanable funds (national saving) and demand for loanable funds (domestic investment)
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The market for loanable funds Real interest rate (r) is determined in the loanable funds market
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This note was uploaded on 11/25/2010 for the course ECON 202 taught by Professor Angelatrimarchi during the Spring '10 term at Waterloo.

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Syllabus__Procedure___Sample_questionnai - Department of...

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