Econ 207 Study Guide for Final Exam, Winter 2008

Econ 207 Study Guide for Final Exam, Winter 2008 - b-M1 and...

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Econ 207 Study Guide for Final Exam Winter 2008 Final exam will be partially comprehensive. There will be 40 questions 30% of which or 12 questions will be over chapters I-X and 70% of which or 28 questions will be over chapters XI, XII and XIII. 1- Chapter I, Appendix: Solving an equation, Y=a +bX, page 18 2- Chapter II Consumption vs Growth, pp 34-35, Figure5 3- Chapter III, Appendix: Solving for equilibrium algebraically; pp 87-88 4- Chapter IV Expansion vs Economic Growth, page 94 5- Chapter V Problems with GDP, pp 117-118 6- Chapter VI, Appendix Calculating CPI, pp 161-162 7- Chapter VII Some new macroeconomic variables, pp 174-176, Table 1 8- Chapter VIII Costs of economic growth, pp 217-221 9- Chapter IX Events that gives rise to recession and expansion. Table 1 1
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10- Chapter X a- How equilibrium output is arrived at and the role of change in inventories. Figure 7, what happens when AE is above or below the 45 degree line? b- Appendix 1, Finding equilibrium GDP algebraically 11- Chapter XI a-Definition of money
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Unformatted text preview: b-M1 and M2, Figure 1 c- A banks balance sheet, Table 1 d- The Federal Reserve System, Figure 3 e- Open market Operations f- The demand deposit multiplier g- Bank failure, Table 3 12- Chapter XII a- Demand for money and its determinants b- The Supply of money c-For both a and b above, study Figures 1- 5 d- What is a bond? e-How the Fed changes the interest rate, page 323 and Figure 6 f-Monetary policy and how it works, pp 325-327 g- Maintaining or changing the interest rate, pp 328-330 h- Appendix, Feedback effects from GDP to money market 13- Chapter XIII a-The Aggregate Demand Curve, Figure 2 b-Movement vs. shift in aggregate demand curve, Figure 4 c-The Aggregate Supply Curve, Figure 5 d- Movement vs. shift in aggregate supply curve, Figure 7 e-Short Run equilibrium Figure 8 f-Demand shocks in the short run and long run, Figures 9 and 10 g-The long run aggregate supply curve, Figure 12 h-Supply shocks in the short run and long run, Figure 13 2...
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This note was uploaded on 04/09/2008 for the course ECON 207 taught by Professor Kahnamoui during the Winter '08 term at Western Washington.

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Econ 207 Study Guide for Final Exam, Winter 2008 - b-M1 and...

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