Chapter 11 Income and Expenditure
Outline
Introduce the multiplier.
Derive the consumption function and investment function.
Develop the income-expenditure model (aggregate expenditure model).
Adjustment process and the comparative static under the in

Chapter 10: Savings, Investment Spending and the Financial System
Human capital and physical essential for economic growth
Human cap. thru edu; physical cap. (except infrastructure) thru private investment spending
Physical capital done thru corporations

Chapter 12 Aggregate Demand and Aggregate Supply (Part 2)
Outline
Use of the AS-AD model to analyze economics fluctuations in both short run
and long run.
Combine both the short-run and long-run analyses for a given change in
exogenous variable.
Discus

Chapter 12 Aggregate Demand and Aggregate Supply (Part 1)
Outline
Derive the aggregate demand curve.
Derive the short-run & long-run aggregate supply curves.
The short-run equilibrium vs. the long-run equilibrium.
Discuss the (natural) adjustment mech

Chapter 15 Monetary Policy
Outline
Introduce the money demand curve and factors affecting the money demand.
The theory of liquidity preference and the determination of interest rate.
Discuss the monetary policy transmission mechanism.
Monetary policy

Chapter 12 Aggregate Demand and Aggregate Supply (Part 2)
Outline
Use of the AS-AD model to analyze economics fluctuations in both short run
and long run.
Combine both the short-run and long-run analyses for a given change in
exogenous variable.
Discus

Chapter 13 Fiscal Policy
Outline
What is fiscal policy and how does a change in fiscal policy affect aggregate
expenditure.
Fiscal policy in the income-expenditure model (include the appendix).
Fiscal policy as automatic stabilizer and its effectivenes

Chapter 12 Aggregate Demand and Aggregate Supply (Part 1)
Outline
Derive the aggregate demand curve.
Derive the short-run & long-run aggregate supply curves.
The short-run equilibrium vs. the long-run equilibrium.
Discuss the (natural) adjustment mech

Chapter 19 Open-Economy Macroeconomics (Part 1)
Outline
The balance of payments accounts and the balance of payments identity.
Use the market for loanable funds to model the international flows of funds.
Use the demand-supply model to determine the exc

Chapter 19 Open-Economy Macroeconomics (Part 1)
Outline
The balance of payments accounts and the balance of payments identity.
Use the market for loanable funds to model the international flows of funds.
Use the demand-supply model to determine the exchan

Chapter 15 Monetary Policy
Outline
Introduce the money demand curve and factors affecting the money demand.
The theory of liquidity preference and the determination of interest rate.
Discuss the monetary policy transmission mechanism.
Monetary policy

Chapter 11 Income and Expenditure
Outline
Introduce the multiplier.
Derive the consumption function and investment function.
Develop the income-expenditure model (aggregate expenditure model).
Adjustment process and the comparative static under the in

Chapter 14 Money, Banking, and the Central Banking System (pages 453
483)
Outline
The definition of money and the different measures of money supply.
The role of money in the economy.
The role of (commercial) banks and how they affect money supply.
T

Chapter 10 Savings, Investment Spending and the Financial System
Outline
The relationship between savings and investment spending for both closed
and open economies.
Introduce the market for loanable funds.
Factors that shifts the demand for and supply

Chapter 13 Fiscal Policy
Outline
What is fiscal policy and how does a change in fiscal policy affect aggregate
expenditure.
Fiscal policy in the income-expenditure model (include the appendix).
Fiscal policy as automatic stabilizer and its effectivenes

Chapter 13 Fiscal Policy
Outline
What is fiscal policy and how does a change in fiscal policy affect aggregate
expenditure.
Fiscal policy in the income-expenditure model (include the appendix).
Fiscal policy as automatic stabilizer and its effectivenes

Chapter 8: Unemployment and Inflation
Rising inflation -0.26% in 2009 to 2.92% in 2011
Bank of England was worse, as it was higher than Canada
Macro policy: low unemployment & price stability (defined by low but positive rate of inflation)
Policies intend

MGEA06: Chapter 9:
Long-Run Economic Growth Pre-Reading
Most important issue: long-run economic growth, why it happens & how to achieve it
Track economic growth by real GDP per capita (real GDP population size)
Chapter 7: GDP= total value of economys p

The Great Depression
1930s unemployment rose from 2%-20%
Economic output fell 42% from $6050M to 3492%
1939 natl level of output restored
Bank of Canada, 1934 to stabilize banking system
Canadian Wheat Board 1935
1929-1933 GDP fell > 30%
Lead to demand fo

Chapter 7: GDP and the CPI: Tracking the Macroeconomy
China 2nd largest economy, after U.S
What does this mean? China and Japan produce different products
Answer is comparisons of national economies based on value of production
Gross domestic product- mea

MGEA06 Chapter 11 Review Question Answer Key
Check your understanding, 9-1, questions 13.
See solutions at the back of the text.
Check your understanding, 11-2, questions 12.
See solutions at the back of the text.
Check your understanding, 11-3, questio

MGEA06 Chapter 12 Part 1 Review Question Answer Key
Check your understanding, 12-1, questions 13.
See solutions at the back of the text.
Check your understanding, 12-2, questions 12.
See solutions at the back of the text.
Problem #1
You are right. When

MGEA06 Chapter 9 Review Question Answer Key
Check your understanding, 9-1, questions 13.
See solutions at the back of the text.
Check your understanding, 9-2, questions 13.
See solutions at the back of the text.
Check your understanding, 9-3, questions

MGEA06 Chapters 6 & 7 Review Question Answer Key
Chapter 6 Check your understanding, 6-4
See solutions at the back of the text.
Chapter 6 Problem #10
To determine whether it is more or less difficult for a typical person to afford university, we
would ne

MGEA06 Chapter 10 Review Question Answer Key
Question 1 (Final exam question Winter 2013)
The bond price = the PV of the future promised payments from the bond, i.e.,
Cash flow of bond:
Now
Year 1
Year 2
You received
0.04 $1000 = $40
0.04 $1000 + $1000

MGEA06 Chapter 8 Review Question Answer Key
Check your understanding, 8-1, questions 13.
See solutions at the back of the text.
Check your understanding, 8-2, questions 13.
See solutions at the back of the text.
Check your understanding, 8-3, questions

MGEA06H3
Page 1 of 209
Introduction to Macroeconomics (Math Application)
All Lecture Notes Compilation
UTSC
April 6th, 2014
~ What is included in this booklet of notes? ~
Note Title (After Page 0)
Week 1: Introduction to Macroeconomics and The Management

University of Toronto Scarborough
ECMA06 Introduction to Macroeconomics: A Mathematical Approach
Final Exam, Winter 2011
Version A
Professor:
Iris Au
Date & Time:
Tuesday, April 12, 2011, 2:00pm 5:00pm
Total Marks:
100
Total # of pages (including the cove

ECMA06 Introduction to Macroeconomics: A Mathematical Approach
Final Exam, Winter 2013
Version A
Date & Time: Wednesday, April 17, 2013, 9:00am 12:00noon
Instructor: Iris Au
Aids Allowed: Non-programmable calculator
* Calculators that can be stored inform

Room:
MGEA06 Introduction to Macroeconomics: A Mathematical Approach
Final Exam, Winter 2016
Last name/Family name: _
First name: _
ID#: _
Date & Time: Tuesday, April 12, 2016, 7:00pm 10:00pm
Instructor: Iris Au
Aids Allowed: Non-programmable calculator
T