Econ1002 Study guides, Class notes & Summaries

Econ 1002 Final Test • Question 1 Which of the following is the best example of a positive externality? • Question 2 As a result of a negative externality, the market equilibrium quantity is too ______ compared to the socially optimal quantity. As a result of a positive externality, the market equilibrium quantity is too ______ compared to the socially optimal quantity. • Question 3 Based on the diagram below, the deadweight loss area associated with the market equilibrium equals: • Ques...

• 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

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.

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.

Notes including lecture notes, reading notes and extra resources including videos.