icRem Nores ~ Maceo Econ ° \questments — | Shows the love eR goads,ceruwer + Pid | between pies and hounelihdS _ Sk twechons BOOST Cee. Plas oP income. — Leakeges Decazase Cec Flow of \acom RINT = eure | atk Ve_study of oopregere economy: — 4s Ge > Ll of prod measurement oPrctond, oulpuh. — = og a nin ea at ile conerdering, feces 4 such ov: Lffichon + pucchosing Power: Macro Eon. Def = branch ff economies concerned oe > domestic. \uis. oP preduchon woithin 2. Courtry,- : used. by investors 42 Wenhgy coustiies os posible “ai Ciccular Mow ob Toe ors 08 _prodaction —Leckoges. + Injections moy_oceue. Scanned with CamScannerNomina NenoN aL Tenth en) aggregate income oP” o country expres) in_curcency + Value Added. Scanned with CamScannerCEXPANSION Business CUCLG —= ot 3, SEE ee ‘Consists. .generelly oP the -pateen |) “Trecked by GDR:4..Unemployenent A “Hea =| Buswiess _CACUE —nolurel_ciseod fell of economic. grout over a tine peice) N >. Eee ret —— ons: } ‘Economie factors price bainto ty) L rent J | Eeenonnic. Culput 7 — Restors of prod price Lact: Loi. of Living = Sid oP Ling wv AS Contraction ay PEAK ze ! Steady decline of demand. = growth Pexpacsion peaks — At moxin. Vina So > Exonoraic Packors ove ot Yeo hghes. Scanned with CamScanner| Fiscat_PoLicyy. 2 Becton + opening 2 EN NSCE \ Tala wed twee reve Fe es Hie-gou Gov. Spend: as 4 ronspeccing, sseks_Prom_gov. 4o_the public. Essaanteataed = ~ lowsece tones Tall ga ceidlag | e etekes paprletion see ter Tia ef le. anno TIONAE. - TP tesces Va. Spendiag: rou | ° ee ee s1s3Sa= in L J Neb _lacome b_Spentag J 3 4 TP iban @ | Scanned with CamScanner| CRAM NoTES — MACLO ECoNOM« ol —-@ ag 7 MICS OPien_a_meosure 4. the. econc economy's health Chen mearured by the = unenPeouenT. RA _——_*Sluenpgel/ nsf) ¥ 00 n't Assess > nee, ,Genoee, RACE _ap.components_ of the __ Pee meopurcement = | @ — + Unerplayment:pguies cen. be + Ovestoled + Understated = Unemployment Types: 1.1. Cucuical.. } | in sectn tpre kl output produced @ tential GOP. = Actucl Outputs. Potentie\ Output: 2 | FRICTION AL | =Geused by time gop during the switch of jobs |___|-asscccted vith turnover cote cole oP tobour. Temporary eWoluatang). i '@ STRUCTURAL UNEMPLOUMENT.§ —— amt po Scanned with CamScannerNeveu _Non- electing nglotion Rate o or sage monet, © 7 - Positive takes: time: Rr labouc +o ‘move. behaeen Jobs. __ Lnpuenced_ by Government Wlicies The_natura\ cate oP Unemploymeat Con_be _- Frichional,_and_ Structural. Sg Gates aed. cipuaereaind ante eed neat |__| 1 eliminating invaluatocy unemployment» Cyclical: Unemployment 9 = AO pricing ab Cee ae et soe As Gctivg ———|__Manpauzer_polictes__ refocrarin Wning_iagtiturio. —— |= Aik buld apo lonyieim urompaynet Scanned with CamScannerCRAM NOTES — Macro ECON. La ( ( i M4 R =lIs. APenecd. op patil” @DP mpi, roth sm ote 4 + Welrare. : Q = Benerirs, a 1 Poe-Grthineg 3+ Graah-odLiisge |__| =used_against_poverty _= Tproduchon_+ gov: spending. serene cise tases sep di advances. + icone Raitt - 1 Overalh Sd. of Ning loSocicl [Persona\— loss oP jot 0 Time _distcibubions of costs + ben ps_dueto newte. -oNegptive_extemnalities_of growtin= pollution > industcicl gcowk ects DETERMINANTS, | =Growth_ia_Loleourt fe OL UE | ~Technolen Col Chonge | Aduai ea UM [= \nedes-ia Pupial. Hurnaagiah Scanned with CamScannerte Anctyzes PV EDUCATION , STO. OF LIVING + HEALTH. Scanned with CamScannerCRAM Notes - MACLO_ ECON ___|nfletion= when money supply “ragecth +serble avcil fic easinpton INFLATION at . 2 wlog — Hoitsbilsty! « Cena? nieanel Kaul basso lo HYPER VELATLON Ages bs remo ih am Rinerete o i erkoprenen rh, etc. = aggregate demand? aegegct : Suppl. 7 ; Scanned with CamScanner» [Validation — Policy, feachon cousins, increme in Supply 94a E O._ 101 Scanned with CamScannerFe CLAM_ Notes - MaceoEconomts ney set Ha generally. roomie |_ =) — = 1 Vv i 55 > dust i cu. Hornagentiy elit \ torteble 4 (ideatical Units) 4 = OP, wee en the i ‘ alo a » aMehves, Sor Molding Menes S Z -. 21 jReeasaction Mohwe7 amt et =held_|Speculotwe. Mobue= excess. | __ hd for daly Aronsict.__for_unfseen expenditure nega pir ahd. —_ —=Inereanes. 0.5 income. facie “lyk Ateckd by interest {Used when holding hon a : — taken. rs perceried an less csi ese Reds 19 Ae Yon investment: ~ hau 3 as I" Held ia hope of ning Scanned with CamScannerTotal Shock 19 the economy, ovaiilcble, boas insti . ~ Gsiis P_M: slong. tecm epost, wr Talls Sioce of Ublue func on Scanned with CamScannere a__|_MoneTAaR4 or |_- uned_te tngluence _lul.of aggregcte. — oy ee — Sota sence er terest: bin ad vcd | ws On ee T= Odmnat cere by the CB nee | = Uses the: polaotig, ose nce liin — 1D _Low_ungmPcoyMentron 30, 1 nu 2 SUA | Low_inFvarion Se) one aie Oe | Gal._of 4 Pe a mmm nae ea TUPES oF MONETARY» POUCH. sotudainn) — @ Open Market Operahons |= aele + purchane, oP gov. bonds issued +ceguloted_by the FED. =a Roti Re semve Ros, decreaced 2 banks make mor_loons_ incr. Suplaly of monte 3 Fed, Eunds \aletot Cote, ——|-The cetes banks _cherge other banks por orriich| loan. | Ul Special rH ——A_specipied sum lodged vat the C.B vie nequosd Scanned with CamScanner- Poet SET oy =$ aly_oP Moa Demond 2 - Demdad bold b ald_bond.s = supply. ovat able 40 be held): LEquillibrives \nemst tate = Appencs ot He intersection of Hi. dena Yor money. Curve + Supply, for ane Curves Scanned with CamScanner@ ‘Cram_Neores - Macro - E0oN —— pecihiegee iat ah. curny al ce gal forstnotherys.cohich: effects. rede Flows» se~ >> d = domestic currency ? value= exports Tia pace pd fo NET NEE ES Scanned with CamScanner|= ge etiaga a ule Gaus uses fixed assets._oF oblige: -alrenay to deter poses | domesho currency uelue, causing the CB to make hac | trangactions_at_a prised rote __|+ long + (Wibewen hh ates on eC prices f° oP 2 coat 2 * exchange me_aaustwents Aiwa = | pr haeaey = demand p om meee Scanned with CamScannerBarance oF PAYMENTS Stclement of all transactions made between entthe 1a _acountry vs the rest _oP the Ore): - Two _comntrrer eoitegorien e CURRENT ACCT — records exports impocts , Sauices + unilolera\ tr la capiman + FwaNcal acct exons toneachons of __ purchabe + ga\e of Porerdyn_ansets + \iclotlit\ in_a_cortaln weer Scanned with CamScanner—_— e CRAM NoTES — 1 MacRO..GOON ~ the .exchonge of capila\,, good $ + services across intl tentlorén Benefits 04: Treo. e e : ' lower! prices ebeller Products fc -consumers beter iatlpothoalutes petty a ie ane aerating ' — yea mnore_pe epticient production tne, Lola _ lowe _morgina\ coats thon another country = |COmPARATIV E. . AOUANTAGE. im the Steppe ce neers .1.n_oppuctunity costs between countrien .. frou rough proouckOn, op a cing. Product__ ot _lowee sesagpas cost. Scanned with CamScannerTA * hos ecter _Eftdiert)\*specelize im ITH" |_sisaqvantaggs. ‘Trarants to inconipetttwe, Sectors=Some — Yack mex oto gpd. yehar pods ibe Katong Hows bones frBelionie. @SA be usolde to cele yolth cheng ‘nye XN AY WNIS2 1 Die onpocts. 3) Mndinipldjmnerd - 2 Eta Fousinan \eunoge. te iabap 9 ia Qan \ Jct ing deen | pjoutour® Ceo wifi rad ta ee Scanned with CamScanner{ i Teams_or Teace = | Rolin_belween export prices of @ awuntry VS import prices a ince’ (exports) & imports) % 100 7 — = ToT <100%2_more_capita_is leawi “Yann entering a. county, = ar escapee ey | 0 imports a | — -— _¥* ToT 1s an indicator of Economic HEALT H © Impacted by prce.changes_in exports sieparts \\ndioates how _gouns 04 trade, a ~ al Foemuca — ToT ( Aug Export Poce + Pug logoct Pace) #400 oc (Px + Pm) x 100. oe (le Factors AFFECTING ToT 1 Jesareity= grerter-omt.op goods foc sale the more. cvedocss ti fo _sel\. -clene $Qual. of Goods goods sell? price vendor can parchane gaz “=| Gross from Trade —_advantoges ab a result_of teade. * FREE Trane vS. PRorectionism” ____ FT» |no_goverament_interrerence = P -snterperence to protect domestic __| taducteies From foreign countries _| —| falas sted nll — P= henthnas i ee wal at mer nap geeter_encompons more Fran folal income. _| <{_ —fsuncon_a'. $i noe Ciloloat iacome. Scanned with CamScanner