Summary Macroeconomic Models; Consumption-Saving Decision; Credit Market Frictions

This 10 page review covers chapters 5, 9 and 10 of Stephen D. Williamson, Macroeconomics, Sixth Edition textbook. With this overview I made a 90 on the exam! It breaks the notes down perfectly in a highly visual manner by definitions and models, so you will be able to connect basic properties of intermediate macroeconomics to real-world problems: and ace your next exam! The summaries provide an overview of important definitions/equations including: -A concise overview page perfect for an open-book exam -Production Possibilities Frontier -Pareto Optimum -Examples of using macroeconomics models: Effects of government spending, distorting tax, changes in TFP, etc. -Summary of consumption-savings decision model -Credit market frictions: Asymmetric Information and Limited Commitment