Key concepts and graphs
Concepts: Marginal propensity to consume, the multiplier effect, reasons for a downward sloping aggregate demand curve, determinants of aggregate demand, aggregate supply in the short and long run, sticky vs flexible prices and wages, determination of equilibrium output and price level, actual vs full employment
Graphs: Investment demand curve
Aggregate demand and short run aggregate supply curve
Aggregate demand and long run aggregate supply curve
Key words and terms
Marginal propensity to consume, marginal propensity to save, investment, multiplier, investment schedule, leakage, injection, real balances effect, interest-rate effect, foreign purchases effect, aggregate demand, short run aggregate supply, equilibrium price level, equilibrium real output.
- Aggregate demand
- Determinants of aggregate demand
- Multiplier and crowding out effects
- Aggregate supply
- Short-run and long-run analyses
- Sticky vs flexible wages and prices
- Determinants of aggregate supply
- Macroeconomic equilibrium
- Real output and price level
- Short and long run
- Actual vs full employment output
- Economic fluctuations
Key concepts and graphs
Concepts: Marginal propensity to consume, the multiplier effect, reasons for a downward sloping aggregate demand curve, determinants of aggregate demand, aggregate supply in the short and long run, sticky vs flexible prices and wages, determination of equilibrium output and price level, actual vs full employment
Graphs: Investment demand curve
Aggregate demand and short run aggregate supply curve
Aggregate demand and long run aggregate supply curve
Key words and terms
Marginal propensity to consume, marginal propensity to save, investment, multiplier, investment schedule, leakage, injection, real balances effect, interest-rate effect, foreign purchases effect, aggregate demand, short run aggregate supply, equilibrium price level, equilibrium real output.
Lectures
Module 16: multiplier.pptx Module 17: aggregate_demand.pptx Module 18: aggregate_supply.pptx Module 19: ad_as_equilibrium.pptx Module 20: fiscal_and_monetary_policy.pptx Module 21: taxes_multiplier_and_stablizers_.pptx |
Materials
Module 16 ACDC - MPC and MPS Multiplier practice Module 17 Intro to AD video AD Practice Module 18 AS practice Module 19 AD/AS Equilibrium Equilibrium practice Module 20 ACDC - Output gaps Circular Flow Fiscal policy video Fiscal Policy practice Module 21 Tax and transfer multiplier Fiscal Policy and Multiplier Discretionary or Not |