'Marginal propensity' diaporamas de présentation

Microfoundations

Microfoundations. Consumption and Investment. Learning Objectives. Understand the difference between the long-run consumption function and the short-run consumption function. Understand the logic of the permanent income hypothesis and the life cycle hypothesis.

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Chapter 19 The Keynesian Model in Action

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The Keynesian Model in Action

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Chapter 16 Output and the Exchange Rate in the Short Run

Chapter 16 Output and the Exchange Rate in the Short Run. Supplementary Notes. Introduction. This chapter builds on the short run and long models of exchange rates to explain how output and the exchange rate are determined in the short run.

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The Influence of Monetary and Fiscal Policy on Aggregate Demand

16. The Influence of Monetary and Fiscal Policy on Aggregate Demand . Recap: Shifts of the Aggregate-Demand Curve. The AD curve shifts rightward when we have Consumption: consumer optimism, tax cuts , increases in prices of assets (stocks, bonds, real estate)

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Aggregate Expenditure

14. Aggregate Expenditure. CHAPTER. C H A P T E R C H E C K L I S T. When you have completed your study of this chapter, you will be able to. 1 Distinguish between autonomous expenditure and induced expenditure and explain how real GDP influences expenditure plans.

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Aggregate Expenditure Multiplier

14. Aggregate Expenditure Multiplier. CHECKPOINTS. Checkpoint 14.1. Checkpoint 14.2. Checkpoint 14.3. Problem 1. Problem 1. Problem 1. Clicker version. Problem 2. Problem 2. Problem 2. Clicker version. Problem 3. Problem 3. Problem 3. Clicker version. Clicker version.

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Robert J. Gordon, Macroeconomics, 10 th edition, 2006, Addison-Wesley

Robert J. Gordon, Macroeconomics, 10 th edition, 2006, Addison-Wesley. Chapter 3 Spending, Income, and Interest Rates. Spending, Income, and Interest Rates. Business Cycles and the Theory of Income Determination

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Unit 3.3 Macroeconomic Models U nit Overview

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Fiscal Policy

Fiscal Policy. Taxing and spending decisions by government (Congress and President). I. Demand-Side Economics. Keynes: GD because neither producers nor consumers had incentive to spend enough to cause increase in production Washington Baby Sitter Co-op

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Open-Economy Macroeconomics: The Balance of Payments and Exchange Rates

Open-Economy Macroeconomics: The Balance of Payments and Exchange Rates. CHAPTER OUTLINE. The Balance of Payments Equilibrium Output (Income) in an Open Economy The Open Economy with Flexible Exchange Rates. Adapted from:. Fernando & Yvonn Quijano. 20.1 Introduction.

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Chapter 13 Consumption and the Aggregate Expenditures Model

Chapter 13 Consumption and the Aggregate Expenditures Model. 1. DETERMINING THE LEVEL OF CONSUMPTION. Learning Objectives Explain and graph the consumption function and the saving function, explain what the slopes of these curves represent, and explain how the two are related to each other.

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EXPENDITURE MULTIPLIERS: THE KEYNESIAN MODEL

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STICKY PRICES AND THEIR MACROECONOMIC CONSEQUENCES

9.1. STICKY PRICES AND THEIR MACROECONOMIC CONSEQUENCES. short run in macroeconomics The period of time in which prices do not change or do not change very much. 9.2. UNDERSTANDING AGGREGATE DEMAND. What Is the Aggregate Demand Curve?.

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mankiw's macroeconomics modules

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Basic Econometrics

Basic Econometrics. Introduction : What is Econometrics?. Introduction What is Econometrics ?. Definition 1 : Economic Measurement

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Spending and Output in the Short Run

Spending and Output in the Short Run. Chapter 13. Chapter 13 Learning Objectives. You should be able to:. List the components of investment. Distinguish between actual and planned aggregate expenditure. Describe the consumption function, graph the consumption function.

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Introduction: T he Aggregate Expenditure Model

Introduction: T he Aggregate Expenditure Model. The Basic Macroeconomic Relationships. Why do we Learn the Aggregate Expenditures Model. We learn the aggregate expenditures model so that we can better predict changes in the business cycle and GDP.

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