'Permanent income hypothesis' presentation slideshows

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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C hapter 21

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Chapter 21

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Department of Land Economy

Department of Land Economy. LECTURE 1 EMERGENCE OF NCM Philip Arestis University of Cambridge and University of the Basque Country. LECTURE 1: INTRODUCTION. Circular Flow of Income Real Sector Monetary Sector Foreign Sector Inflation Neoclassical Synthesis New Classical Economics

765 views • 65 slides

Department of Land Economy

Department of Land Economy. LECTURE 1 EMERGENCE OF NCM Philip Arestis University of Cambridge and University of the Basque Country. LECTURE 1: INTRODUCTION. Circular Flow of Income Real Sector Monetary Sector Foreign Sector Inflation Neoclassical Synthesis New Classical Economics

675 views • 65 slides

Consumption and Investment

Consumption and Investment. Graduate Macroeconomics I ECON 309 -- Cunningham. Keynesian Theory. Recall that Keynes argues that C= C 0 + cY, with C 0 > 0 and the average propensity to consume (APC = C/Y) is greater than the marginal propensity to consume (MPC = c):

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TOPIC 3

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Intermediate Macroeconomics

Intermediate Macroeconomics. Chapter 10 Consumption and Savings. Consumption. Keynesian Consumption Function Empirical Studies Life Cycle Hypothesis Expectations Permanent Income Hypothesis Recent Empirical Results Policy Implications. 1. Keynesian Consumption Function.

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Formations of expectations in econometric models

Formations of expectations in econometric models. Gregory C Chow. Importance of expectations in empirical work: national income determination in China.

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Monetarism Chapter 10

Monetarism Chapter 10. Professor Steve Cunningham Intermediate Macroeconomics ECON 219. The Effects of Money Supply Changes on the Real Economy. r. LM 1. IS. r. LM 2. IS. LM 1. LM 2. ?. Y. Y. Keynesian View. Monetarist View. The Effects of Fiscal Changes on the Real Economy.

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Consumption Function

Chapter 5. Consumption Function. Consumption/Saving Function. 1. Significance. AD and AS determine Y, u and P. Consumption is the major component of AD Saving is inevitable for investment which increases both AD and AS. 2. What is Consumption ?. Non-durable goods : fairly stable.

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Income and Expenditure

Income and Expenditure. MPC, MPS & Investment Spending. The Multiplier: An Introduction. We use the multiplier to explain the effects of changes in spending on the economy Ceteris paribus, an increase in spending increases income & GDP by that same amount

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What do we know about Price and Income Elasticities of Demand for Wine?

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Permanent Income Hypothesis

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Economics 161

Economics 161. Principles of Economics Quiz # 1 Spring 2012. Rules of Engagement. The quiz is worth 10 points to be added onto the next exam after the curve is computed. The quiz is open book, open note, and students may freely collaborate in small groups. Current Events.

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