MGEA05H3 S (LEC30)
Introduction to Macroeconomics
Instructor Contact Information:
Thursday 6 7pm in IC200B
Economic growth has costs as well as benefits. If the economy is already operating at or
near capacity, then increasing the growth rate may require devoting more resources to
investment as opposed to consumption or increasing hors of work at the
Canada has a long-standing dependence on international trade, and today is has the
second highest ratio of trade to GDP among the G7 countries. Until the mid 1940s, the
United States and the United Kingdom were of roughly equal importance as tra
FACTORS THAT AFFECT INVESTMENT IN FIXED CAPITAL (16.4)
Any of the following will increase the willingness of firms to invest in new capital:
A decline in the price of new capital goods.
A decline in the real interest rate.
The current account is the record of payments and receipts arising from trade goods and
services from international investment income and from international transfers. Trade
takes place in assets as well as goods and services. Purchases of domes
personally deficits can cause more unemployment and affect the exchange rate
consumer lower prices, wider variety of choices, better quality
employee harder to find domestic jobs, may earn less $
business owner can export/import with a diffe
MGEA06 LEC 01, LEC 02 & LEC 60
Introduction to Macroeconomics:
A Mathematical Approach
MGEA06 Week 1
Professor: Iris Au
There are 2 regular sections and 1 online section.
Lectures will be taped an
Chapter 8 Unemployment and Inflation
What is the unemployment rate? How the unemployment rate is calculated?
The significance of the unemployment rate.
What is the natural rate of unemployment (NRU)? What are the factors that
determine the NRU?