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 jacobFiscal 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 jacobWhat 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 MartaAdara9.1. 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 PamelaLanLong-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 bobbyChapter 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 ottoReal 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 razi7. 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 odedActivity 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 tedChapter 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 moreAggregate 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 thaneThe 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 tedFiscal 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 waldaEconomic 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 kennyModels 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 fergusonOpen 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 zealCh.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 maeganCONVEGNO 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 filiaAttacks 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 grantView Real output PowerPoint (PPT) presentations online in SlideServe. SlideServe has a very huge collection of Real output PowerPoint presentations. You can view or download Real output presentations for your school assignment or business presentation. Browse for the presentations on every topic that you want.