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New Blogs For 2nd Year 9 Sep 2010 | 11:22 am
Hello anyone who reads these things! Just thought I'd let you know, I'm starting some new subject blogs for the impending school year. I'm going to be making one for -PSYC 207 (Contemporary Topics in...
Exchange Rates and the BOP 20 Apr 2010 | 07:49 pm
FINALLY: EXCHANGE RATES AND THE BALANCE OF PAYMENTS!!!!!!!!!!!!!! Okay- final bit, and then we can all write our exams and promptly forget everything we ever needed to know about economics! =D What ...
Trade Policy 19 Apr 2010 | 07:24 am
This chapter looks at the policies which either facilitate or impede free trade in the world! As economists, we usually are in favor of free trade. We recognize that free trade offers many benefits t...
Gains from International Trade 18 Apr 2010 | 11:26 am
OKAY! Let's talk turkey about international trade. Over time, while world GDP had been increasing at a fairly constant rate, world trade has increased exponentially! Canada is, itself, involved in q...
Unemployment 15 Apr 2010 | 04:55 pm
Okay- I'm really behind in these online notes, but I'm going to catch up as much as I possibly can tonight. Unemployment is scary stuff! Here we go! CHANGES IN UNEMPLOYMENT: -In the long run, increa...
More Irritating Details About Inflation 28 Mar 2010 | 09:57 am
The Phillips Curve & Accelerating Inflation -We know what the Phillips curve is. I'm not explaining it again. -At Y* and U*, there is no gap inflation -When the economy is in an inflationary gap, the...
Demand Shocks and Accelerating Inflation 28 Mar 2010 | 08:27 am
INFLATIONARY DEMAND SHOCKS AND INFLATION -An increase in consumption, investment, government expenditures, and net exports causes an increase in aggregate expenditure, a rightward shift in aggregate d...
Inflation and Supply Shocks 28 Mar 2010 | 08:26 am
FROM WAGE CHANGES TO PRICE CHANGES -If a change in money wages is positive (wages increase), short run aggregate supply will decrease (it shifts to the left due to increased costs). This causes prices...
The Gap Effect, and the Expectation Effect 28 Mar 2010 | 08:25 am
THE WONDERFUL WORLD OF INFLATION: People talk about inflation a LOT, so its probably a good idea know what it is. If you've survived macroeconomics without knowing what inflation is up until this poi...
Monetary Policy in Canada 18 Mar 2010 | 01:03 pm
This is the last piece of the puzzle! This chapter is all about how the government of Canada uses policy instruments to change the money supply! The central bank can set the money supply and let the ...
