Economics 201

1

• Economics 201
• Review of Chapters
• 6 - 11

2

• CHAPTER 6
• Gross Domestic Product P.106-108
• Expenditure Approach P.108-110
• Disposable Income P. 114
• Nominal vs. Real GDP P.116-118
• Shortcomings of GDP P119-121

3

• CHAPTER 7
• Economic Growth P125-126
• Business Cycle P.127-128
• Unemployment P.129-134
• Inflation P.134-137
• Redistribution Effects of Inflation P.137-140
• Does Inflation Affect Output P140-141

4

• CHAPTER 8
• Consumption Saving Relationships P.147-152
• Investment P.153-158
• Multiplier Effect P158-162

5

• CHAPTER 9
• Consumption Investment Schedule P167
• Equilibrium GDP P.168-170
• Adding International Trade Public Sector
  P.173-175
• Adding Public Sector P175-179
• Application U.S. Recession 2001 Inflation in
  the late 19802 P180-181
• Limitations of the Model P183

6

• CHAPTER 10
• Aggregate Demand P188-191
• Aggregate Supply P192-196
• Changes in Equilibrium P.196-202
• Chapter 10 Appendix P205-206

7

• CHAPTER 11
• Fiscal Policy AD-AS Model P.209-211
• Built-In Stability P.212-213
• Evaluating Fiscal Policy P213-216
• Problems, Criticisms Complications P.216-218
• Public Debt P218-220
• False Concerns Substantive Issues P220-222