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CB2: Business Economics Exam Prep (CB2)
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Module 9
Macroeconomic Indicators and Objectives
1
Calculating GDP: Expenditure, Income, and Output Approaches
Calculate GDP using the expenditure, income, and output (value-added) approaches from given data.
2
Nominal vs. Real GDP & the GDP Deflator
Convert nominal GDP to real GDP and calculate the GDP deflator.
3
Understanding Inflation: CPI & Price Indices
Calculate inflation rates from CPI data and explain key differences between price indices.
4
Calculating Real Interest Rates with the Fisher Equation
Calculate the real interest rate using the Fisher equation.
5
Inflation and Wealth Redistribution
Analyse the wealth redistribution effects of unexpected inflation using numerical examples.
6
Unemployment: Types and Calculation
Calculate the unemployment rate and classify unemployment as frictional, structural, or cyclical.
7
Phillips Curve: Inflation-Unemployment Trade-off Calculation
Calculate the inflation-unemployment trade-off implied by a given Phillips curve equation.
8
Output Gaps and the Business Cycle
Define potential output, calculate the output gap, and identify phases of the business cycle from data.
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Market Failures and Government Intervention
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International Trade and Finance