Final Study Guide

Final Study Guide - Final Exam Study Guide - Introduction...

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Final Exam Study Guide - Introduction to Macroeconomics, Econ 104a,c,d,e,f - Spring 2009 Final Exam: Wednesday May 12 th 10:30am-12:30pm, Boyden Gym Make-up Final Exams: Thursday May 6 from 10:30am-12:30pm, Monday May 10 from 4pm-6pm, TBA. Please sign up with Val before or after class. After the last class on May 3 rd , if necessary, sign up with Ann Werboff [email protected] , or Owen Thompson, [email protected]) Review Sessions: Monday May 10, 6:30-8:30pm, Herter 227, Tuesday May 11, 12:30-2:30pm , Herter 231. The exam will be heavily weighted to cover the material since the midterm, but the big themes and concepts from the first half of the course will also be on the exam. Note that material from many of the lectures, especially social security, comes from sources other than the textbook as listed on the syllabus. I have also asked you to keep up with the current state of the economy and analysis, and asked you to read the columns of Nobel Laureate Paul Krugman in the New York Times. I would pay extra attention to the material covered in the notes, and on the worksheets (5-10), and on this review sheet. Be able to briefly define terms, answer short answers, compare/contrast different topics, and answer multiple choice questions. You should also be able to analyze and use any covered graphs. There will be problems on the exam so make sure you can do problems such as those on the worksheets. The exam will include a lot of choice. There will be less multiple choice and TF than on the midterm. There will be a one-page essay question. New Terms: Money Federal Reserve Bank Reserve Requirement Discount Rate Open Market Operations Federal Funds Rate Monetary Policy Liquidity Trap Paradox of Thrift Monetarism Aggregate Demand Aggregate Supply Supply-Side Policy Productivity Stagflation Deflation Demand Pull-Inflation Cost-Push Inflation Newly Industrialized countries-(NIC’s) Trade Deficit Balance of Trade Multinational Companies-(MNC’s) Protectionism Free Trade Absolute Advantage Comparative Advantage GATT NAFTA WTO Quota Tariff Exchange Rate Supply of Dollars Demand for Dollars The value of the Dollar Depreciation Appreciation Weak and Strong Dollar Old Terms: Laissez Faire Classical GDP Consumption Investment Unemployment Inflation Government Expenditures Aggregate Expenditures Real vs. Nominal values Balance of Trade Imports Exports Income Fiscal Policy Keynesianism Questions: 1. What is economics? What is macroeconomics? 2.
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This note was uploaded on 10/19/2011 for the course ECON 104 taught by Professor Dolenc during the Spring '08 term at UMass (Amherst).

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Final Study Guide - Final Exam Study Guide - Introduction...

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