UCL ECONS ECON0004 Study Notes
• 51-pages handwritten study notes with important concepts, formulae & diagrams for ECON0004 Applied Economics (previously ECON1003) • Seller achieved a 1st for this module • Does not contain L1
Transactions, Asset, and Total Demand for Money (Ch.16)
Textbook & In-Class note document on transactions demand for money, nominal GDP, asset demand for money, total demand for money, Federal Reserve, open-market operations, discount rate, and reserve ratio.
AD-AS Model & Fiscal Policy (Ch. 13)
Providing in-depth, educational notes on fiscal policy (both expansionary & discretionary), the Aggregate Demand-Aggregate Supply model and it\\\'s factors. Additionally, notes on demand-pull inflation and cost-push inflation, US Fiscal policy history, tax systems, the Rachet Effect, along with equations for average tax revenue and marginal tax revenue.