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Economics 204 Test 3 Review

 

Part 1:

Chapter 7

 

Tax principles

Types of taxes

Public goods

 

Chapter 8

 

GDP

Disposable income

Economic Growth

Economics Fluctuations

Phases

Unemployment

Inflation

Money Market determines interest rates

Macroeconomic Policy in the Gaps (2)

Leading Economic Indicators

 

Chapter 9

 

Functional Relationship

Ceteris paribus

Regression Analysis

Dummy Variable

Statements

Fallacies of Presentation

 

Part 2: Regression (you will need a calculator)

 

T-stat

F-stat

r-squared

Estimation