1 8. Classical Macroeconomics in the AD-AS Model Abel, Bernanke and Croushore (chapter 10)
1 10. The Relationship between Unemployment and Inflation Abel, Bernanke and Croushore (chapter 12.1)
Slide #1 Goods & Financial Markets: The IS-LM Model The IS-LM Model The determination of output and interest rates in the short-run.
ECON 102 Tutorial: Week 21 Ayesha Ali [email protected] office hours: 8:00AM – 8:50AM tuesdays LUMS.
Slide 17-1Copyright © 2003 Pearson Education, Inc. Why Study Fixed Exchange Rates? Four reasons to study fixed exchange rates: Managed floating Regional.
7. The Aggregate Supply Curve Abel, Bernanke, and Croushore (chapters 3 and 9.6)
X. Keynesian model of a closed economy. John Maynard Keynes 1883-1946 Cambridge, UK Thinker – economics, logic, probability Practitioner – Treasury during.
VII Keynesian revolution - theory. Remark Lectures VII and VIII – closed economy only But see Lectures XI and XII.
Chapter 5 The Behavior of Interest Rates The Behavior of Interest Rates.
The IS-LM/AD-AS Model: A General Framework for Macroeconomic Analysis.
Chapter 9
Money : Economic functions and creation process Money: its nature, function and creation process.
