Lecture 6 Week 6 Saving, investment and the financial system
Types of financial institutions
Financial markets (institutions through which savers can directly provide funds to borrowers.
Bond markets and stock markets (financial markets examples)
Lecture 4 Unemployment.
How is unemployment measured?
- Based on the answers to the survey questions, the ABS places each adult
into one of three categories:
Not in the labour force
- The ABS considers a person an adult if he or she
Lecture 9 week 9 Aggregate demand and aggregate supply
Fluctuations in economic activity from one period to the next. These fluctuations in the
economy are often called the business cycle
Upward slope = Expansion or recovery period. Economic activity grow
Lecture 10 week 10 influence if monetary and fiscal policy on aggregate demand.
Which side of the economy can policymakers affect?
Monetary => Cash rate decrease => interest rates decrease.
Lower the cost of borrowing
Higher level of invest
LECTURE 12 WEEK 12 REVISION
Chapter 24 measuring a nations income!
Production approach (value added approach)
Seen the breakdown of GDP into its four major components (C+I+G+NX)
Difference real gdp and nominal gdp
Y = C + I + G + NX
Inflation doesnt affect long run supply curve. (P) in graph. Thats why long run suppy curve is inelastic.
Classical theory: Nominal variables have no affect on real variables in the long- run.
Most economists agree with that, most econo
Macroeconomics Lecture 2 Week 2 Chapter 24 measuring a
Macroeconomics answers questions such as:
Why is average income high in some countries and low in others?
Why do prices rise rapidly in some periods while they are more stable in oth
Tute 12 macroecon
Balance of payments: A statement that summarizes an economys relationship with the rest of the world.
Its made up of current and capital accounts (and financial account)
Current account balance (CAB) made up of = NX + NY + NT
CAB = trade
Lecture 8 Week 8 Inflation: Its causes and costs
Disinflation is when price level is going up but at a slower rate than one period to the next.
Hyperinflation is excessively large amount of inflation in a country
Inflation is an increase in the overall le
Lecture 11 week 11 macro economics
What is current account?
Net exports: Flow of goods n services.
Net income (NY): income received from Australian owned assets overseas less payment of
income overseas on foreign owned assets in Australia.
Lecture 3 week 3 measuring the cost of living.
Inflation (CPI) refers to a situation in which the economy overall
price level is rising.
The inflation rate is the percentage change in the price level from
the previous period.
CPI is the indicator of ge
Assignment: Relate to theories learnt in lecture slides. Explain the answer to the reader.
National savings: private saving (household saving) + public saving (government saving)
Y= C + I + G + NX. (for open economy)
Y + C + I + G ( for closed ec
Tutorial week 7
Medium of exchange something of value used to facilitate transactions.
Money is also a unit of account.
Money is also a store of value.
Money supply quantity of money in the economy.
Monetary policy the process through which the central ba
Unemployment rate: Proportion of labour force that is unemployed. It is an imperfect measure.
Some people may:
- Work less hours than they want
- Give up looking for work
- Not want to call themselves unemployed.
Labour force the total number of workers
Lecture 5 week 5 Production and Growth.
When we talk about economic growth. we are talking about Change in
real gdp per capita
- Annual growth rates that seem small become large when
compounded for many years.
- Compounding refers to the accumulation of a
Tutorial macroeconomics week 6
Economic growth: growth rate in real gdp of a country.
Standard of living: wellbeing in society. The standard of living in a
country depends on the economys ability to produce goods and
Productivity: the quantity o
Tute week 9 inflation.
Inflation: increase in overall level of prices in the economy.
We need to know inflation to distinguish between real and nominal variables such as real and nominal
Money supply : the quantity of money circulating in the economy
The consumer price index (CPI) is a measure of the overall cost of the goods
and services bought by a typical consumer. (basket of goods)
Inflation rate calculated by
CPI of year 2 CPI of year 1 x 100.
CPI of year 1
- Nominal interest rate is the intere
Lecture 7 Week 7 The monetary system
Money is what money does
Money is the set of assets in an economy that people regularly use to buy goods and services from other
Credit cards at the end of the day it is not your money. It is a form of deferr
GDP is the market value of all final goods and services produced within a country in a given period of
There are three approaches to measuring GDP.
1. GDP expenditure approach: How much is spent on goods and services.
Y = C + I + G + NX.
2. GDP inco
Macroeconomics lecture 1- week 1.
Economics can be used in everyday life, because in economics we study about decisions of
individual, firm and the governments and the consequences of those decisions.
What do economists do?
Economists are extremely influe
the most output possible for a given set of inputs
A given level of output for minimum inputs possible
Use resources wisely to minimize waste.
Equity is about fairness
Concept of fairness is subjective
Lecture 2 The flow of funds and determination of interest rates
Economy can be divided into two . Close economy and open economy. Close economy is also
known as domestic economy.
Rest of the world
Workshop 2: Business computing.
IPO = INPUT PROCESSING output chart.
You decide an output first. then you decide what things are required to get to the output . these things
are called the inputs. The process involves the calculation required that use the
Lecture 9 notes Innovation and designing business solutions.
The starting point is to understand what the business is about. Organizations can
be thought of as open systems composed of interrelated subsystems with specific
organizational missions and obje
Lecture 7 notes. Usable business systems.
Why study usability?
-We want to support and enhance human activity, so we should design with the users in mind.
-technology is not useful unless it is usable.
-usable systems lead to increased productivity and gr
Lecture 3 notes
What is Data Visualisation?
Data visualisation is the visual representation of data, to facilitate the exploration of that data, to
generate insights that can increase understanding, and to inform decision making
Data visualisation is not
Lecture 6 Social networks mobile technologies.
cell phone technology has disrupted communications to the point that
the private landline is no longer necessary
There are now serious concerns being raised that Social Networks
can distract workers and lead
Business Computing Lecture 4: Identifying business opportunities.
Problem or opportunity?
ProblemA situation that may cause damage to or provide opportunities for the operation of
The five step approach to business problem solving:
Step 1 Pr
Lecture 11 Managing ethical conduct, IS security and risk
Ethics are the rules and guidelines that evolve over time in a society to enhance coexistence.
They are the principles that guide our behaviour.
Guidelines for deciding what is right and wrong.