'Autonomous spending' presentation slideshows

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Introduction to Macroeconomics

Introduction to Macroeconomics. Chapter 22. Keynesian Macroeconomics. Chapter 22. Keynesian Macroeconomics. 1. John Maynard Keynes 2. Consumption 3. Simple Equilibrium Model 4. Add Investment to the Model 5. Add Government Spending to the Model 6. Autonomous Spending Multiplier

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Chapter 9

Chapter 9. The IS Curve. Preview. To develop the IS curve as the first building block to understand aggregate demand To examine factors that cause the IS curve to shift

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Aggregate Expenditure and Equilibrium Output

Aggregate Expenditure and Equilibrium Output. The Core of Macroeconomic Theory. Aggregate Output and Aggregate Income ( Y ). Aggregate output is the total quantity of goods and services produced (or supplied) in an economy in a given period.

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Chapter 9 Income and Spending

Chapter 9 Income and Spending. Introduction. One of the central questions in macroeconomics is why output fluctuates around its potential level Business cycle: output fluctuates around trend of potential output

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Spending, Income, and Interest Rates Chapter 3 Instructor: MELTEM INCE

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The Economics of Stimulus

The Economics of Stimulus. Keynesian Economics, Multipliers, Ricardian Equivalence, PIP, etc. Present Value and MEC. In the classical model , the business decision maker compared the interest rate to the current marginal productivity of capital:

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The Aggregate Expenditure Model

The Aggregate Expenditure Model. The Aggregate Expenditure Model. Also know as the Income-Expenditure model or the Keynesian Cross model Assumes price level is fixed Based on planned spending , called aggregate expenditure (AE),a measure of what is wanted : AE = C + I + G + NX

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Chapter 3

Chapter 3. Income and Interest Rates: The Keynesian Cross Model and the IS Curve. Theory of Business Cycles: Outline. Ch 3: Spending, Income and Interest Rates Use the Keynesian Cross Model to derive the IS curve Ch 4: Monetary and Fiscal Policy in the IS/LM Model

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Income and Spending

Income and Spending. Chapter #10. AD and Equilibrium Output. The Keynesian model (flat AS curve) develops the theory of AD: ? in autonomous spending causes additional ? in AD (feed back) Total amount of goods demanded in economy is AD = C + I + G + NX

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