Lecture Notes 2: The Positives of Economics
Part 2 A
Why the theory works?
During a recession, there is high unemployment, low output and low price level. The
government can increase the demand through increasing government spending and
Lecture Notes 1: Economic Theories of Political Parties
Classical/Supply Side Economics Theory:
Part 1 A I
Supply Side Economics also known as Anti-Keynesian: ways to provide economic growth by
improving the efficiency of supply and demand, tax cuts, and
Lecture Notes 4: Criticism of Economics
Part 2 B
Criticism of the Opposing Sides Theory
Why the Theory doesnt work?
During a recession, government spending creates a budget deficit, which the government
has to borrow money to close the recessionary gap.
Lecture Notes 5: The Opinion of Economics
Supply-side economics emphasizes economic growth achieved by tax and fiscal
policy that creates incentives to produce goods and services. In particular, supply-side
economics has focused primarily on low
Fall 2014: Eco-101-05
Economic Article #1: Domestic
Prez-Pea, Richard. Hong Kong Group to Give Harvards School of Public Health $350
Million. The New York Times. 8 September 2014, New York Edition: US A11.
On September 8, 2014, Harvard Un
Fall 2010: Eco 200
Economics Article #1: International
Thompson, Mark. Ukraine Crisis: Why it matters to the World Economy. CNN Money. 3
March, 2014. New York Edition.
The Ukraine crisis began in early 2014. The war has been going on bet
Fall 2008: Eco 105
Economics Article #1: Domestic
Eugenios, Jillian. Women having trouble asking for money- and their businesses suffer. CNN
money. 10 September, 2014. Business Edition
Lecture Notes 3: Supply Side Economic Positives
Supply Side economics
Higher income levels and living standards can be achieved with expansion in output
which in this case by lowering tax.
MPC increases and standard of living increases.
Creates jobs and v
Lecture Notes 8: Importance of Economics
Questions and Answers from last class:
Q: A huge cost for state governments in state colleges and universities. How important are they?
Do the benefits outweigh the costs of the subsidy?
A: State colleges are often
Lecture Notes 10: Emissions in Economics
PASTURE 1: THOUGHTS ABOUT THE POWER PLANT VISIT
What was interesting to you about the visit?
Review the emissions control regulations the plant is subject to:
-Gas turbine is in NOx Budget
-NSPS: MACT/BACT for the