ECON 1BB3 Lecture 4: ECON 1BB3 Lecture 4 – Markets and the Canadian Economy

• School: McMaster University
• Department: Economics
• Course: ECON 1BB3
• Professor: Bridget O'Shaughnessy

Document Summary

Econ 1bb3 lecture 4 markets and the canadian economy. Test saturday, feb 2: 9:00 10:15. The early write is thursday, january 31st (tomorrow!) Chapters 1-5, 17 (lo1: covered weeks 1-3. Practice test is available in content" test 1 information". Room locations are assigned by student number: this is up on avenue, make sure you know your room, show up early. Bring the mcmaster calculator will have it taken away if it isn"t approved: not many you need them for until test 2, bring a pencil. Don"t need to bubble in a version number. Factors that shift supply and shift demand. Difference between a change in quantity demanded and demand : alternatively quantity supplied versus supply . Investment a company purchasing new machines, etc. Saving what is left over after consumption spending. Ad/as aggregate demand/aggregate supply: using this model and understanding it.