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Economics 216: The Macroeconomics of Development

Economics 216: The Macroeconomics of Development

Economics 216: The Macroeconomics of Development Lawrence J. Lau, Ph. D., D. Soc. Sc. (hon.) Kwoh-Ting Li Professor of Economic Development Department of Economics Stanford University Stanford, CA 94305-6072, U.S.A. Spring 2000-2001

By jacob
(405 views)

Fiscal Policy

Fiscal Policy

Fiscal Policy Key Concepts Summary ©2005 South-Western College Publishing What does this chapter cover? You will study demand-side and supply-side fiscal policies. What is a discretionary fiscal policy?

By jacob
(469 views)

What Is Money and Why Do We Need It?

What Is Money and Why Do We Need It?

What Is Money and Why Do We Need It? Money Assets that people are generally willing to accept in exchange for goods and services or for payment of debts. Asset Anything of value owned by a person or a firm. The Functions of Money • Medium of exchange : buy stuff with money

By MartaAdara
(220 views)

STICKY PRICES AND THEIR MACROECONOMIC CONSEQUENCES

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?.

By PamelaLan
(599 views)

Long-Run Equilibrium

Long-Run Equilibrium

Long-Run Equilibrium. Output, Wages, Prices and the Exchange Rate in the Long Run. Aggregate Demand & Aggregate Supply. LRAS. AS. AS”. P”. AD”. AS’. P. P’. AD. AD’. o. Q. Q. Money Stock and the Economy. Money and the real output in the long run

By bobby
(3 views)

Chapter 26 Inflation, expectations and credibility

Chapter 26 Inflation, expectations and credibility

Chapter 26 Inflation, expectations and credibility. David Begg, Stanley Fischer and Rudiger Dornbusch, Economics , 8th Edition, McGraw-Hill Education, 2005 PowerPoint presentation by Alex Tackie and Damian Ward. Inflation is . Inflation is a rise in the price level.

By otto
(394 views)

Real GDP & Aggregate Output

Real GDP & Aggregate Output

Real GDP & Aggregate Output. Chapter 7-2. Comparing GDP Across Time. GDP can grow due to: 1) Economy producing more 2) Prices having risen. Calculating GDP and Real GDP in a Simple Economy. Nominal GDP.

By razi
(129 views)

7. The Aggregate Supply Curve

7. The Aggregate Supply Curve

7. The Aggregate Supply Curve. Abel, Bernanke, and Croushore (chapters 3 and 9.6). Syllabus Outline. Introduction to Macroeconomics The measurement and structure of the national economy Goods market equilibrium: the IS curve Money market equilibrium: the LM curve The IS-LM model

By oded
(225 views)

Activity 41

Activity 41

Activity 41. The neutrality of money. Money is neutral. In the long run changes in money supply will only change price level and have no change on real output. In the short run, explain what happens to real output.

By ted
(153 views)

Chapter Two

Chapter Two

Chapter Two. ROOTS AND BRANCHES. Chapter 2. Outline. Traces the history of economic growth theory Begins with Adam Smith who started it all Shows how Smith’s theory evolved, and culminated in the Harrod-Domar model Explains why Solow rebelled against classical growth theory …

By more
(235 views)

Aggregate Demand, Aggregate Supply, and the Self-Correcting Economy

Aggregate Demand, Aggregate Supply, and the Self-Correcting Economy

Aggregate Demand, Aggregate Supply, and the Self-Correcting Economy. Chapter 7. Flexible Prices and the AD Curve. What is meant by the “Keynes effect” of a change in the aggregate price level? How does this shift the LM curve for a given IS curve?

By thane
(320 views)

The Economics of Stimulus

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:

By ted
(134 views)

Fiscal Policy

Fiscal Policy

Fiscal Policy. Key Concepts Summary. ©2005 South-Western College Publishing. What does this chapter cover?. You will study demand-side and supply-side fiscal policies. What is a discretionary fiscal policy?.

By walda
(122 views)

Economic Development and Regeneration

Economic Development and Regeneration

Economic Development and Regeneration. Learning outcomes. By studying this section students will be able to: define and explain economic growth review critically the concept of economic growth understand the determinants of economic growth

By kenny
(66 views)

Models of word reading

Models of word reading

Models of word reading. Questions from your text. Are words recognized as whole-words or using subword features? Are words identified through meaning or through phonology? Is word recognition top-down (dependent on context) or bottom-up (stimulus-driven)?

By ferguson
(186 views)

Open Economy

Open Economy

Open Economy. Presence of foreign sector Trade Investment. Trade. Y = C + I + G + X – M M – imports Consumer spending on foreign output Investment spending on foreign output Government spending on foreign output X – exports Foreign spending on domestic output.

By zeal
(107 views)

Ch.22 GDP Worksheet 1-calculations

Ch.22 GDP Worksheet 1-calculations

Ch.22 GDP Worksheet 1-calculations. Year Production of X Price X 2000 20 $5 2001 20 $10 2002 20 $20 Nominal GDP (P x Q) Real GDP (current year Q x base yr P) $100 2000 $100 $200 2001 $100 $400 2002 $100. Economic Growth? .

By maegan
(88 views)

CONVEGNO REGIONALE CLIL – 21.11.2006 WORKSHOP TEMATICI – Economia politica

CONVEGNO REGIONALE CLIL – 21.11.2006 WORKSHOP TEMATICI – Economia politica

CONVEGNO REGIONALE CLIL – 21.11.2006 WORKSHOP TEMATICI – Economia politica. AGGREGATE DEMAND AND INCOME MULTIPLIER. Lesson 1 The aggregate demand function Lesson 2 Spontaneous and induced changes in aggregate demand Lesson 3 The income (GDP) multiplier. LESSON 1 PLAN (main topics ).

By filia
(81 views)

Attacks on the Traditional Approaches to Macroeconomics

Attacks on the Traditional Approaches to Macroeconomics

Attacks on the Traditional Approaches to Macroeconomics. Lecture 14. Alternative Theories to Define Alternative Policies. Monetarism is an argument against discretionary monetary policy to counter the business cycle

By grant
(68 views)

Money & The Bank of Canada

Money & The Bank of Canada

Money & The Bank of Canada. Three criteria of Money. A Medium of Exchange A Store of Value A Unit of Account. Medium of Exchange. Money is easy to exchange and readily available Money must have a high value relative to its weight and composition .

By upton
(81 views)

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