From Ms Janeo!

Pointers:
Macro variables Concepts/Terms 
Measure and concepts of money = m1, m2, m3, m4, inflation, how is it controlled
QTm
Unemployment
- Computation of Labor and employment data
- Causes and Reasons of Frictional and Stuctural unemployment. 
Deriving savings and investment and interest rate from Y=C+I+G; demand and
supply of loanable funds
Fisher effect, fisher equation
Open economy
Determinants of unemployment
Computation of real interest rate given nominal interest rate and inflation rate
For computation and analysis:
QTM
Computing for real gdp using a base price
Changes in some variables (in an open economy) when there are changes in govt
spending
Effect of fiscal policy on savings, investment, and interest rate. 
Determinants of unemployment
Review the concepts emphasized in class.
Type of exam
true or false
Multiple Choice
Enumeration
Computation and Analysis
Bring calculator and test booklet. 
Use of cellphone will not be allowed.
Exam is on tues (Aug 26); 2:00pm to 4:30pm, Acb 202.
Business fixed investment –

Residencial fixed investment -

Inventory – increase in firms, inventories of goods

CPI – price of the market basket

Market basket – price of the goods and services that a typical consumer usually purchases

Comparing it to the price of the base year

Money – a stock of assets that can be readily used to make transactions.

Factors of production

1. Capital – set of tools being used

2. Land -
3. Labor – time people spend working
4. Entrepreneur –

Relationship between the

Total output – determines the factors of production and the production function together determine the
total output.

Neo classical – demand for each factor of production depends on the marginal productivity of that factor