Xuefu Tang

[Xuefu Tang @XuefuT]

We review the final exam in class. Briefly review all of chapter we leared over this semester. #ECO2307

[Baylor University @Baylor]

Campus is lit up teal tonight for #SAAM — including these lights near the “What Were You Wearing” exhibit outside Carroll Science. #ItsOnUsBU

[Xuefu Tang @XuefuT]

Because of multiplier effect, Government will make 1.5 trillion infrastructure investment within 10 years. it will Boost Productivity and Growth, which adds between 0.1 and 0.2 percentage point to average annual real growth.
https://t.co/XP2HydYZkg via @whitehouse

[Xuefu Tang @XuefuT]

Job Growth in the First Quarter of 2018 is stronger than in 2017. it makes people can easy to find jobs, even people who do not have high-education. Higher job growth make a higher employment. It directly decreases unemployment rate to 4.1%
https://t.co/4R7R2deqxs via @whitehouse

[Xuefu Tang @XuefuT]

The zero-lower bound causes a very lower interest rate. People will hold cash rather than save their money in the bank. It causes the deficit in loanable funds market. Also, Using inflation to adjust interest rate is not a perect method.
https://t.co/MrzuK9SNH2 via @BrookingsInst

[Xuefu Tang @XuefuT]

Companies buy more financing products than sell their own products. #M4N

[Xuefu Tang @XuefuT]

After 1971, inflation and unemployment increased together. People have to pay more money to buy one thing. #M4N

[Xuefu Tang @XuefuT]

The fed purchases and sell bonds to decrease and increase the interest rate #M4N

[Xuefu Tang @XuefuT]

Because of the panic of 1907, the fed created and they tried to control monetary system. #M4N

[Xuefu Tang @XuefuT]

Decrease or increase the expected inflation cause the short run Philips curve shifts. But in the long run, the philips curve is a vertical curve. Chage the infaltion rate cannot affect unemployment rate. #ECO2307

[Xuefu Tang @XuefuT]

In thd long run, inflation and unemployment are unrelated. Faster money growth only causes faster inflation. But in short run, lower agg demand, lower inflation and higher unemployment rate. #ECO2307

[Xuefu Tang @XuefuT]

Government spending can increase income. That increase income lead to more consumption. But government spedings,may use uo resource, making them unvailable for private use. It will cause decrease investment. This amount will offset consumption increase. #ECO2307

[Xuefu Tang @XuefuT]

We talked about how the fed adjust monetary policy. When price level decreases in market, the fed will purchase bounds to decrease real interest rate. The output then back to natural output. #ECO2307

[Xuefu Tang @XuefuT]

Oil stock will decrease aggregate supply, increase price level and fall. In the long run, aggregate supply will shifts back if policy makers do nothing. But if policy makers try to boost aggregate demand, the equlibrium will be higher. #ECO2307

[Xuefu Tang @XuefuT]

Output deviate from natural output when expected price level deviate from actual price level. When actual price level less than expected price level, the actual output will less than natural output, vise versa. #ECO2307

[Tianhui Li @TINWEI_LEI]

#ECO2307 The moblab experiment helps me understand the insurance better. How the insurance company make decision —— according to the percentage of damaging house. You can’t set a high price which nobody will buy. On the other hand, low price would give you negative profit.

[Tianhui Li @TINWEI_LEI]

#ECO2307 Finance — make decision in risky situations. The function of Present value and Future value really works. It could be use for calculating deposit, Salary, retirement of the present and future value. People make better decision in economical life if they learn about Fin.

[Tianhui Li @TINWEI_LEI]

#ECO2307 We learn more about CPI. Practicing the problem to learn how to calculate CPI and I also learned the disadvantages of CPI. CPI fixed basket so it may not be adjust to the bias situations we talked in classes. Therefore, it may be overstated.

[Tianhui Li @TINWEI_LEI]

CPI have many ways to use such as the calculation of inflation rate and dollar value. Although the menu of McDonald's menu in 1953 seems much cheaper than 2017. But it's slightly more expensive than 2017 if we calculate the dollar value between these two years.#ECO2307

[Tianhui Li @TINWEI_LEI]

We do an experiment on Moblob today. This is like a game, and two diferrent role — Worker and Firm. When I was a “Worker”, I considered about the Unemployment compensation and stay-at-home value. While playing as a Firm, I gave wage according to the revenue from Worker. #ECO2307