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Macroeconomics Models & Issues

Classical Models - The Role of Aggregate Supply. A Simple Classical Model. Keynesian Models - The Role of Aggregate Demand. The Simple Keynesian Model. The IS/LM Model with Flexible Prices. A Simple IS/MP Model. Challenges, Responses, and Extensions - A Historical View. The Natural Rate of Unemployment. The New Classical Economics. Production Function and Demand for Labor. National Income and Product Accounts (NIPA). Loanable Funds (Consumption, Saving and Investment). Inflation and Price Indices.

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Macroeconomics Models & Issues | econmacro.com Reviews

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Classical Models - The Role of Aggregate Supply. A Simple Classical Model. Keynesian Models - The Role of Aggregate Demand. The Simple Keynesian Model. The IS/LM Model with Flexible Prices. A Simple IS/MP Model. Challenges, Responses, and Extensions - A Historical View. The Natural Rate of Unemployment. The New Classical Economics. Production Function and Demand for Labor. National Income and Product Accounts (NIPA). Loanable Funds (Consumption, Saving and Investment). Inflation and Price Indices.

<META> KEYWORDS

1 introduction

2 welcome

3 acknowledgements

4 overview

5 the classical model

6 the is/lm model

7 the is/mp model

8 the great depression

9 the phillips curve

10 the keynesian heyday

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introduction,welcome,acknowledgements,overview,the classical model,the is/lm model,the is/mp model,the great depression,the phillips curve,the keynesian heyday,crowding out,monetarism,real business cycles,supply side economics,new keynesian economics

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Macroeconomics Models & Issues | econmacro.com Reviews

https://econmacro.com

Classical Models - The Role of Aggregate Supply. A Simple Classical Model. Keynesian Models - The Role of Aggregate Demand. The Simple Keynesian Model. The IS/LM Model with Flexible Prices. A Simple IS/MP Model. Challenges, Responses, and Extensions - A Historical View. The Natural Rate of Unemployment. The New Classical Economics. Production Function and Demand for Labor. National Income and Product Accounts (NIPA). Loanable Funds (Consumption, Saving and Investment). Inflation and Price Indices.

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econmacro.com

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Welcome

http://www.econmacro.com/welcome.htm

Macroeconomics Models and Issues. William R. Parke. These pages present a view of macroeconomics organized around the debate between classical and Keynesian theories of business cycles, including the more modern new classical and new Keynesian refinements. The level of the discussion targets students in economics courses and visitors interested in economics. Supplemental links encourage visitors to work interactively with classical and Keynesian models using the EconModel.

2

Crowding Out

http://www.econmacro.com/challenges/crowding_out.htm

An increate in government borrowing G - T raises the interest rate and thus has the potential to lead to less private investment. Government borrowing can then be said to crowd out private borrowing. The change in G. Which is the horizontal movement of the I G-T. Curve, can be decomposed into an increase in S. And a decrease in I. How important could this effect be? Keep in mind that the $40,000 per unemployed worker is only one year's deficit.

3

The Classical Model

http://www.econmacro.com/classical/classical_model.htm

This page describes the. The Production Function and the Demand for Labor. In the classical production function. Y is taken to be a function of capital. N (The notation for labor suggests the number of hours or the number of workers.) In the short run the capital stock is taken to be fixed at. The marginal product of labor is dY/dN = MPN. Which should be a decreasing function of Y. A profit-maximizing firm should hire additional workers if P MPN. P MPN = W. Or, equivalently, MPN = W/P. The Supply of Labor.

4

Keynesian Heyday

http://www.econmacro.com/challenges/keynesian_heyday.htm

The election of John Kennedy in 1960 opened the way for the academic Keynesians to bring their ideas to actual government policies. In the days of vacuum tube televisions. A channel selector switched among channels 2 through 13. A fine tuning knob made the incremental adjustment necessary to get a clear picture for a given channel. (Digital controls have eliminated fine tuning.). To get the flavor of this period, have a look at the Economic Report of the President: 1962. The Kennedy-Johnson Tax Cut.

5

The IS/MP Model

http://www.econmacro.com/keynesian/ismp_model.htm

In the IS/LM Model, the nominal interest rate appears on the vertical axis of the IS/LM diagram and the price level appears on the vertical axis of the AS/AD diagram. This mismatch of a rate of increase with a level does not make it easy to discuss the relation between the interest rate and the rate of inflation. The real interest rate appears on the vertical axis. Several Keynesian models incorporate an IS Curve. The expanded discussion. Covers all these cases. The Monetary Policy Curve. A shift in the ...

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CristhianReyesCanizares - Enlaces Económicos

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Skip to main content. Create interactive lessons using any digital content including wikis with our free sister product TES Teach. Get it on the web. Contenido de la Wiki. Enlaces a las Wikis. LDU el Campeón de América. Lo Mejor de la Fórmula 1. Aquí encontrarás los enlaces económicos más destacados, en donde podrás obtener información verás, eficaz y valiosa para tu interés. Banco Central del Ecuador. Períodico Económico del Ecuador. Sistema Integrado de Indicadores Sociales del Ecuador.

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