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Macroeconomics

This class was created by Brainscape user Caitlin O'Donnell. Visit their profile to learn more about the creator.

By: Caitlin O'Donnell
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Decks in this class (16)

Introduction
Micro vs macro,
Normative analysis,
Social objective
20  cards
1.1: Introduction to GDP and Production (2.1-2.2)
National income accounts,
Product approach,
Income approach
22  cards
1.2: Labor Supply (3.1 & 3.3)
Production function,
Marginal product of capital mpk,
Marginal product of labor mpn
9  cards
1.3: Labor Market (3.2 & 3.4)
To maximize profit firms will con...,
Marginal revenue product of labor...,
All else being equal a decrease i...
6  cards
1.4: Economic Growth Applications (6.1)
Production function,
Growth accounting equation,
Diminishing marginal productivity...
4  cards
2.1 Expenditure Approach (2.2 pp 30-33)
Income expenditure identity,
Consumption accounts for ____ of ...,
Consumption expenditure has 3 cat...
5  cards
2.2 Interest Rates (2.5)
Interest rate,
An interest rate indicates how qu...,
Real interest rate real rate of r...
6  cards
2.3: Savings and Wealth (2.3, 5.1-5.2)
Wealth,
Saving,
Private saving private saving rate
27  cards
2.4 Microfoundations of Personal Consumption and Saving (4.1 and appendix 4a)
0  cards
2.5 Fiscal Policy and Investment (4.1-4.2)
0  cards
2.6 Equilibrium in Economies (4.3, 5.3-5.4)
0  cards
Lecture Notes: 3 Production Model of GDP
National income accounting,
Y a f k n,
Total factor productivity
30  cards
Lecture Notes: 2 National Income Accounting and GDP
National income accounting,
Fundamental identity of national ...,
Gdp product approach
8  cards
Lecture Notes: 4 Inequality and Wage Skill Premium
0  cards
Lecture Notes 5: Wealth and Wealth Accumulation
Wealth,
Asset,
Real asset
11  cards
Lecture Notes 7 Investment, Funds Market, General Equilibrium
Present value,
As the real interest rate increas...,
Temporary shock
5  cards

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Macroeconomics

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