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

Decks in this class (16)

Introduction
Micro vs macro 1,
Normative analysis 2,
Social objective 3
20  cards
1.1: Introduction to GDP and Production (2.1-2.2)
National income accounts 1,
Product approach 2,
Income approach 3
22  cards
1.2: Labor Supply (3.1 & 3.3)
Production function 1,
Marginal product of capital mpk 2,
Marginal product of labor mpn 3
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 1,
Growth accounting equation 2,
Diminishing marginal productivity...
4  cards
2.1 Expenditure Approach (2.2 pp 30-33)
Income expenditure identity 1,
Consumption accounts for ____ of ...,
Consumption expenditure has 3 cat...
5  cards
2.2 Interest Rates (2.5)
Interest rate 1,
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 1,
Saving 2,
Private saving private saving rate 3
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 1,
Y a f k n 2,
Total factor productivity 3
30  cards
Lecture Notes: 2 National Income Accounting and GDP
National income accounting 1,
Fundamental identity of national ...,
Gdp product approach 3
8  cards
Lecture Notes: 4 Inequality and Wage Skill Premium
0  cards
Lecture Notes 5: Wealth and Wealth Accumulation
Wealth 1,
Asset 2,
Real asset 3
11  cards
Lecture Notes 7 Investment, Funds Market, General Equilibrium
Present value 1,
As the real interest rate increas...,
Temporary shock 3
5  cards

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Macroeconomics

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