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Principles of Economics-Macro
University of California - Santa Barbara
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Browse the full collection of course materials, past exams, study guides and class notes for ECON 2 - Principles of Economics-Macro at University of California - Santa Barbara …

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Class Notes

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ECON 2 Lecture 1: ECON 2 Lecture 1

ECON 2 Lecture Notes - Lecture 1: Capital Accumulation, International Trade, Washing Machine

ECON 2 Lecture Notes - Lecture 1: Macroeconomics, International Trade, Microeconomics

Macroeconomics focuses on understanding the world around us as a whole, which differs from microeconomics which focused on individuals. Data paints us

ECON 2 Lecture Notes - Lecture 2: Comparative Advantage, Protectionism, Opportunity Cost

Econ 2 lecture 2 comparative advantage and international trades (graphs are from slides for lecture) Sign up for wsj (we are going to have readings on

ECON 2 Lecture Notes - Lecture 2: Absolute Advantage, Comparative Advantage, Opportunity Cost

Econ 2 lecture 2: international trade and gdp. Misconception: protectionism (the practice of enacting tariffs to protect your country"s industry) saves

ECON 2 Lecture 3: GDP and Inflation

Just as discussed last lecture, you can calculate gdp using either total spending on domestic goods, total payments, or sum of values added. It is impo

ECON 2 Lecture Notes - Lecture 5: Microsoft Powerpoint, Diminishing Returns, Production Function

Econ 2 lecture 5: productivity and economic growth. Lecture 4 was cancelled due to bad weather conditions. Productivity measures output per hour of an

ECON 2 Lecture 6: Productivity Models and Interest Rates

Econ 2 lecture 6: productivity models and interest rates. Until about 1800, we didn"t know what caused poverty or how to alleviate it. English poor law

ECON 2 Lecture Notes - Lecture 8: Federal Reserve Act, Cryptocurrency, Compound Interest

Say we wanted to find how much a loan will be in the future after interest. (loan value now)(yearly interest rate + 1) = (loan value in a year) We can

ECON 2 Lecture 9: Federal Reserve and Financial Crises

Econ 2 lecture 9: federal reserve and financial crises. In this lecture we continued the lecture 8 powerpoint from slide 24. There have been many chang

ECON 2 Lecture 10: Stocks

The federal reserve influences the supply of money by influencing the federal funds rate. The cost of holding money is nominal interest rate because yo

ECON 2 Lecture Notes - Lecture 11: Bitcoin, Barter, Comparative Advantage

In 2008, a bunch of banks were going bankrupt. The federal reserve leant jp morgan a bunch of money to buy failing banks and the aig (the insurance com

ECON 2 Lecture Notes - Lecture 12: William Jennings Bryan, Three-Cent Silver, Fiat Money

A 3 cent coin, but it was only made with 2 1/2 cents worth of silver. First time a coin was not fully backed by silver. The trime was used because it h

ECON 2 Lecture 13: Fiscal Policy

Debt ceiling: a limit on how much the government can borrow, put into place by the us. Fiscal policy refers to the use of government spending (g) and t

ECON 2 Lecture Notes - Lecture 14: John Maynard Keynes, Ricardian Equivalence, Potential Output

It covers topics from midterm 1 to today, and is cumulative. The stock of obligations owed by the government is the total value of government bonds out

ECON 2 Lecture Notes - Lecture 17: Lorenz Curve, Current Population Survey (Us), Opportunity Cost

ECON 2 Lecture Notes - Lecture 18: Real Interest Rate, Comparative Advantage, Autarky

Econ 2 lecture 18: trade and exchange rates. Benefits of international trade come from comparative advantages and specialization. Comparative advantage

ECON 2 Lecture Notes - Lecture 19: Real Interest Rate, Microsoft Powerpoint, Purchasing Power Parity

Econ 2 lecture 19: trade and exchange rates continued. Today"s lecture was a continuation of the powerpoint, which i already completely covered in the