Economics Lecture Notes Review

These flashcards cover key economic concepts related to investments, dividends, government policies, and consumption patterns discussed in the lectures.

Dividend

A payment made by a corporation to its shareholders, usually in the form of cash or additional shares.

Yield

The income return on an investment, typically expressed as a percentage.

Energy Transfer

A major pipeline company in the U.S. specializing in natural gas transportation.

Rule of 72

A formula used to estimate the number of years required to double the investment at a fixed annual rate of return.

Filibuster

A political procedure where one or more members of a legislature extend debate on a proposed piece of legislation, delaying or preventing a vote.

Marginal Propensity to Consume (MPC)

The increase in consumer spending resulting from an increase in disposable income.

Dissaving

The amount by which consumption exceeds disposable income, resulting in the reduction of savings.

Multiplier Effect

The proportional amount that an increase in spending, such as government expenditure, generates in terms of national income.

Autonomous Consumption

The level of consumption that consumers would engage in even if their income is at zero.

Equilibrium Output

The level of output in the economy where total spending (consumption and investment) equals total output.