Principles of macroeconomics econ 231 spring 2010
Download
1 / 4

Principles of Macroeconomics Econ 231 Spring 2010 - PowerPoint PPT Presentation


  • 112 Views
  • Uploaded on

Principles of Macroeconomics Econ 231 Spring 2010. William J. Polley Department of Economics College of Business and Technology Western Illinois University. Top 10 Things to Know for the Final Exam. 10. Labor force, employment, unemployment: How to calculate, definitions

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about ' Principles of Macroeconomics Econ 231 Spring 2010' - mikel


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
Principles of macroeconomics econ 231 spring 2010

Principles of MacroeconomicsEcon 231 Spring 2010

William J. Polley

Department of Economics

College of Business and Technology

Western Illinois University


Top 10 things to know for the final exam
Top 10 Things to Know for the Final Exam

  • 10. Labor force, employment, unemployment: How to calculate, definitions

  • 9. Price indexes, inflation, quantity theory, neutrality of money

  • 8. AD-AS model

    • Difference between real business cycle theory and new Keynesian theory

    • Great Depression


Top 10 things to know for the exam
Top 10 Things to Know for the Exam

  • 7. Federal Reserve System

    • Structure, members, FOMC, etc.

  • 6. Tools of monetary policy

    • Required reserve ratio

    • Discount rate

    • Open market operations (know how they work)

  • 5. Why do real shocks present a problem for the Fed? Explain with AD-AS model.

  • 4. Current economic conditions: If you have a good essay, you should be prepared. Don’t forget what you have learned!!


Top 10 things to know for the exam1
Top 10 Things to Know for the Exam

  • 3. Fiscal Policy: Major categories of taxes and spending, average vs. marginal, flat vs. progressive, debt vs. deficit

  • 2. Explaining fiscal policy with AD-AS model

  • 1. Opportunity cost; comparative advantage


ad