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Class notes Macroeconomic Theory Principles of Microeconomics, ISBN: 9781260326475 CA$11.11   Add to cart
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Class notes Macroeconomic Theory Principles of Microeconomics, ISBN: 9781260326475
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This bundle is all in one for the whole course in one term! Principle of Macronomic. This includes all the PowerPoint from the professor and the explained in detail powerpoint (2 PowerPoint versions) that have all 13 chapters of the macroeconomic course. With my own personal class note and summary ...

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  • December 13, 2022
  • 137
  • 2021/2022
  • Class notes
  • Cam
  • Chapter 3

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Introduction

,Economics
— Studies the ways that humans and societies organize
themselves to make choices about the use of scarce
resources , which are used to produce the goods and
services necessary to satisfy human wants and needs

Scarce =
limited
↳ human wants / needs
which are used to produce goods 1 services

output
input

COmmc
?⃝

,Macroeconomic
3
goals
-
:




+ Economic growth
+
Price

, Production Possibilities Moder


to move along
Good 41 . In order we have

some
to

good Y
carfice
good ✗
get

→



cioodx
to the right , economic growth
Red line -

Shift
produce
more
more resources,
↳




more
Eco growth → tech advance ,
✓ resources




resource ,
tech
don't have
→
e




→,
•




Good •



Y maximum output ( get the most production)




↑
1-
•
E
Outside the curve -
it's not sustainable

Good ✗
doesn't last
long
Inside the curve -




unemployment
Un
efficient
unemployment

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