Economics
Forum reference:
Book page:
http://course-notes.org/Economics
Chapter 19 - Disputes Over Macro Theory and Policy
Introduction: Disagreements about Macro Theory and Policy
- This chapter contrasts the classical and Keynesian macroeconomic theories.
- Contempo
Chapter 18 - Deficits, Surpluses and the Public Debt
Definitions of deficit, surplus and debt
- A budget deficit is the amount by which government's expenditures exceed its revenues during a particular yea
Chapter 17 - Economic Growth and the New Economy
Introduction
- Two definitions of economics growth were given in Chapter 8.
- The increase in real GDP, which occurs over a period of time.
Chapter 16 - Extending the Analysis of Aggregate Supply
Introduction
- Recent focus on the long-run adjustments and economic outcomes has renewed debates about stabilization policy and causes of instability.<
Chapter 15 - Monetary Policy
Introduction to Monetary Policy
- Reemphasize Chapter 13's points:The Fed's Board of Governors formulates policy, and twelve Federal Reserve Banks imple
Chapter 14 - How Banks and Thrifts Create Money
Introduction: Although we are fascinated by large sums of currency, people use checkable deposits for most transactions.
- Most transaction accounts are
Chapter 13 - Money and Banking
Functions of Money
- Medium of exchange:Money can be used for buying and selling goods and services.
- Unit of account:Prices are quoted in dolla
Chapter 12 - Fiscal Policy
Introduction
- One major function of the government is to stabilize the economy (prevent unemployment or inflation).
- Stabilization can be achie
Chapter 11 - Aggregate Demand and Aggregate Supply
Introduction to AD-AS Model
- AD-AS model is a variable price model.The aggregate expenditures model in Chapters 9 and 10 assumed constant price.
Pages
Need Help?
We hope your visit has been a productive one. If you're having any problems, or would like to give some feedback, we'd love to hear from you.
For general help, questions, and suggestions, try our dedicated support forums.
If you need to contact the Course-Notes.Org web experience team, please use our contact form.
Need Notes?
While we strive to provide the most comprehensive notes for as many high school textbooks as possible, there are certainly going to be some that we miss. Drop us a note and let us know which textbooks you need. Be sure to include which edition of the textbook you are using! If we see enough demand, we'll do whatever we can to get those notes up on the site for you!
