The cambridge o level economics syllabus develops an understanding. Microeconomics deals with small segments of the society. The main aims of macroeconomics have to do with i economic growth and ii cycles, as measured by various statistical representations of the variables that describe the economy economic growth. Join our community just now to flow with the file economics notes and make our shared file collection even more complete and exciting. His continuous support in my research endeavor was a source of inspiration. We are interested to determine what drives the relative price of nontraded goods, p n. Macroeconomics 1880 1900 1920 1940 1960 1980 2000 matthiasdoepke universityofchicago andreaslehnert boardofgovernorsofthe federalreservesystem andreww. Ragnar frisch coined the words micro and macro in 1933 to denote the two branches of economic theory, namely, microeconomics and macroeconomics microeconomics.
International macroeconomics advanced level lecture notes. A level economics year 1 as macroeconomics study notes. For instance, once you have studied this section of the course you will know about free trade, protectionism, exchange rates, the balance of payments, economic integration and, for hl students, the terms of trade. The overriding goal of the course is to begin provide methodological tools for advanced research in macroeconomics. The lecture notes are from one of the discussion sections for the course.
Driscoll brown university and nber1 december 21, 2003 1department of economics, brown university, box b, providence ri 02912. The sellers supply of goods also plays a role in determining market prices and quantities. Neeraj hatekar, professor, department of economics, university of mumbai, mumbai, india. Weve made the notes available for helping the students prepare for their examinations in an effective way. International macroeconomics balassasamuelson effect 1. Of the three most important macroeconomic statistics, output, un. Lecture notes intermediate macroeconomics economics mit. I lecture notes will become available weekly on my website. The best ib economics notes and study guide for slhl. A change in supply or shift of the supply curve is not caused by a change in the price of the good being supplied. Lecture notes principles of macroeconomics economics. Seven lecture notes from a graduate course archived from spring 2002 are held here. We build entirely on models with microfoundations, i. Notes for macroeconomics ii, ec 607 university of michigan.
Shocks, uncertainty, and the consumptionsaving choice. Cbse class 12 economics notes free pdf download ncert. Archived on this site are lecture notes and images used in various courses given by danby. Why do prices rise rapidly in some periods and remain stable in others. Motivation consider the handout labeled the first measured century.
An example of a supply schedule for a certain good x is given. Macroeconomics considers the aggregate performance of all markets in the market system and is concerned with the choices made by the large subsectors of the economythe household sector, which includes all consumers. Economics lecture notes, economics tuition singapore. Cbse class 12 economics notes free pdf download june 21, 2019 by kishen leave a comment economic is a subject, which has been not studied since childhood like maths, english, and science. Macroeconomics notes pdf macroeconomics class 12 notes lecture notes on macroeconomics pdf advanced macroeconomics lecture notes mankiw, ng 1997, macroeconomics, worth publishers edgmand, m. For international economics, as the name suggests, you will learn about how countries interact and trade with each other. If we observed y t c t, then assets would grow at a rate greater than rand so this would generally also be higher than the growth rate of gdp. Economy question specially related to indian economy are asked in prelims, mains as well as in interviews. Why is average income high in some countries and low in others.
The economics of the 2000s from stability to financial crisis 19922007 the great moderation a period of economic growth between 1992 and 2007 201016 the austerity years the economic record of cameron and osborne. Mustwatch revision videos before sitting a level economics paper 2. Below is a topicbytopic listing of the available study notes for the macroeconomics topics for year 1 as a level economics here on tutor2u. The best economics o level notes, revision guides, tips and websites compiled from all around the world at one place for your ease so you can prepare for your tests and examinations with the satisfaction that you have the best resources available to you. It could also be used by graduate students seeking a refresher in advanced undergraduate macroeconomics. Access these online notes at free of cost and get the maximum out of it. Because historical episodes allow diverse interpretations, many conclusions of macroeconomics are not coercive. The cost of something is what you give up to get it eg. Oct 10, 2015 may 09, 2020 microeconomics principle of economics. Lesson 1 business economics meaning, nature, scope and.
Cambridge international as and a level economics builds on. This database hosts comprehensive ib economics revision notes me and my study group made for the post20 examinations syllabus currently sl material only. Lecture notes in macroeconomics university of houston. A rightward shift of the original supply curve s a to the new supply curve s c, as depicted in figure b, results in an increased supply of good x at all prices. Find materials for this course in the pages linked along the left. Aspirants who are new to these exams can use these economy notes to get their basics cleared, more experienced students can use this study.
Decision making means the process of selecting one out of. Reducing unemployment and inflation are two of the key macroeconomic objectives of any government. Download the education resources of bbs 2 nd year business economics ii macroeconomics from our collection. This book represents a substantial makeover and extension of the course notes for intermediate macroeconomics which have been provided publicly on eric simss personalwebsitefor several years.
Economics is a dynamic social science, forming part of group 3 individuals and societies. The difference between macroeconomics and microeconomics macroeconomics includes those concepts that deal with the entire economy or large components of the economy or the world. The study of economics is essentially about dealing with scarcity, resource allocation and the methods and processes by which choices are made in the satisfaction of human wants. The emphasis is on theory, although data guides the theoretical explorations. The nations unemployment rate, inflation rates, interest rates, federal government budgets and government fiscal policies, economic growth, the federal reserve system.
Mit opencourseware makes the materials used in the teaching of almost all of mits subjects available on the web, free of charge. An aggregate is a multitude of economic subjects that share some common features. It uses media from around the web, including some economics educators youtube channels. These lecture notes were prepared by xingze wang, yinghsuan lin, and frederick jao specifically for mit opencourseware. Lecture notes intermediate macroeconomics economics. Intermediate macroeconomics lecture 1 introduction to economic growth zs o a l. Theory a mankiw, ng 1997, macroeconomics, worth publishers. Economics notes on microeconomics and macroeconomics. Bbs 2nd year business economics ii macroeconomics notes.
If you are in research and interested in macroeconomics then it would be helpful for you. This document is highly rated by commerce students and has been viewed 33926 times. Vajiram economics notes upsc 2020 pdf download,latest and updated materials for upsc prelims and mains exam. This document is highly rated by class 11 students and has been viewed 60147 times. Notes, sem 1, du edurev notes is made by best teachers of class 11.
Apr 08, 2015 the best economics as and a level notes, revision guides, tips and websites compiled from all around the world at one place for your ease so you can prepare for your tests and examinations with the satisfaction that you have the best resources available to you. Economics lecture notes economics cafe provides economics lecture notes which are not confined to use by students taking economics tuition at the learning centre. Business economics meaning, nature, scope and significance introduction and meaning. University college dublin, advanced macroeconomics notes, 2020 karl whelan page 4 rate of gdp. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Intermediate macroeconomics lecture 1 introduction to economic growth. Please take note that although succinct notes are essential towards your revision, they should not be the only materials you cover working through practice. With more than 2,200 courses available, ocw is delivering on the promise of open sharing of knowledge. Paper 2 involves data response questions focussing on international trade and development economics, but a good foundation on macro is needed as well. By contrast, microeconomics treats economic processes that concern individuals. The best economics as and a level notes, revision guides, tips and websites compiled from all around the world at one place for your ease so you can prepare for your tests and examinations with the satisfaction that you have the best resources available to you. I besides the lectures, there will be 6 tutorials i september 15, september 29, october, november 10, november 17, december 1. Here is a topicbytopic listing of the available study notes for the macroeconomics topics for year 2 a level economics here on tutor2u. Online text and notes in principles of macroeconomics.
Lecture notes principles of microeconomics economics. Studying the longrun performance of the economy economic growth 3. Economics 14 class notes spring 2005 introduction scarcity and choice. Economics holds special importance in civil services exam be it upsc, rpsc or other state psc exams. This section provides lecture notes from the course. We will study investment activity in more detail later. Khanchi business economics, also called managerial economics, is the application of economic theory and methodology to business. This is macroeconomics and here are some interesting objectivesquestions. This is a summary of some basic mathematics for handling constrained optimization problems. Edmund quek, for everyone who can benefit from them. Introducing a leisurelabor choice in the ramsey model. Online text and notes in advanced macroeconomics the. Like the buyers demand, the sellers supply can be represented in three different ways.
The subtopics for each lecture are related to the chapters in the textbook. Willem buiter cambridge, lectures on really useful ad hoc macroeconomics john driscoll fed, lecture notes in macroeconomics brian krauth simon fraser, macroeconomic. Macro notes for money supply, money demand, goods and money markets, and aggregate demand and supply. Macroeconomics this section of economics predominantly lends itself to paper 1, where we have to answer a two part essay question purely on macroeconomics plus another one on micro. This is an open online course, including text, interactive graphs, assignments and discussion topics, video clips, and interactive questions, based on the openstax principles of economics textbook and refined after testing in some us universities and community colleges in 2017. Jun 15, 2018 seven lecture notes from a graduate course archived from spring 2002 are held here. Online text and notes in principles of macroeconomics the. The prefix macro means large, indicating that macroeconomics is concerned with the study of the market system on a large scale. Understanding and forecasting shortunderstanding and forecasting shortrun fluctuations therun fluctuations the business cyclebusiness cycle 2. They have been written by the principal economics tutor, mr. Ch 23 measuring a nations income introduction microeconomics studies how households and firms make decisions and how they interact in markets. University college dublin, advanced macroeconomics notes.
Jan 25, 2017 bbs 2nd year business economics ii macroeconomics notes. The word micro is derived from the greek word mikros meaning small. A level economics year 2 macroeconomics study notes tutor2u. The buyers demand for goods is not the only factor determining market prices and quantities. May 09, 2020 microeconomics principle of economics. Topics in microeconomics and macroeconomics, international trade, taxation, assets classes, investment, manufacturing, the service sector, and. We also recommend you work through some of the as macro revision videos on the entry below. In macroeconomics, the term investment is reserved for purchases by firms of capital machines, buildings, etc and purchases by households of some durable goods such as housing. Mar 10, 2020 the economics of the 2000s from stability to financial crisis 19922007 the great moderation a period of economic growth between 1992 and 2007 201016 the austerity years the economic record of cameron and osborne. Governments rarely want high unemployment as it is a waste of resources.