Notes #2: Intro/GDP/Growth/Business Cycles
Introduction to Macro
Macroeconomics again behavior of the economy as a whole
Two major topics Economic growth (long term increases in the production of goods and services) and
the business cycle
Notes 1: Economic way of thinking; Supply and Demand; International Trade
Chapter 1 - Limits, Alternatives, and Choices
Economic perspective economic way of thinking
Scarcity unlimited wants exceed limited resources available
In this presentation, we'll:
Navigate: the simulation window.
View: main menus and sub-menus.
Discuss: strategy implementation through decision entry.
Demonstrate: analysis tools.
Examine: consolidated and
Describe what is meant by the following statement:
Common law judges did not make the law, they found it.
Explain the advantages and the disadvantages of the system of stare decisis.