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Summaries of the chapters included in the ECS2602 exam.

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• 8 items •
by johnbrd •
uploaded 13-05-2019

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ECS 2602 Chapter 3 - The Goods Market - Brief Summary • Summary
ECS 2602 Chapter 4 - The Financial Market - Brief Summary • Summary
ECS2602 - Chapter 5 - Goods and Financial Markets: The IS-LM model - Brief Summary • Summary
ECS2602 - Chapter 6 - The Labour Market - Brief Summary • Summary
ECS2602 - Chapter 7 - Putting All markets Together: The AS-AD Model - Brief Summary • Summary
And more ….

ECS2602 - Chapter 19 - The Goods Market in an Open Economy - Brief Summary

This chapter summary characterises the equilibrium condition in the goods market for an open economy. The effects of domestic and foreign influences on domestic output and trade balance are identified. Additionally, the effects of a real depreciation on output and the trade balance is identified.

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• 2 pages •
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ECS2602 - Chapter 20 - Output, the Interest Rate and the Exchange Rate - Brief Summary

This summary deals with equilibrium in the financial market as well as foreign exchange market. Goods and financial market equilibrium are put together to determine output, the interest rate and the exchange rate. The roe of policy under fixed and flexible exchange rates. Important terms are identified.

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Summary
• 3 pages •
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ESC2602 - Chapter 18 - Openness in the Goods and Financial Markets - Brief Summary

This summary delves deeper into the goods and financial markets, and explores these markets in an open economy.

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Summary
• 4 pages •
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ECS2602 - Chapter 7 - Putting All markets Together: The AS-AD Model - Brief Summary

This summary focuses on the AS-AD model and the interaction between variables like interest rate, output and natural level of output within the model.

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Summary
• 3 pages •
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ECS2602 - Chapter 6 - The Labour Market - Brief Summary

This summary focuses on the labour market. The summary covers unemployment, wage and price determination, equilibrium in the labour market, and the natural rate of unemployment.

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Summary
• 3 pages •
by johnbrd •
uploaded 12-05-2019

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ECS2602 - Chapter 5 - Goods and Financial Markets: The IS-LM model - Brief Summary

This summary deals with the IS-LM Model in economics. The relationships of this model with interest rate and output levels are discussed and key terms are identified.