S10 MyCh09 - Ch. 10 IS-LM, AS AD Analysis Review Ch. 9...

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Unformatted text preview: Ch. 10 IS-LM, AS AD Analysis Review Ch. 9 discusses the Keynesian framework in its basics, later chapters supply the extension. Keynesian model arose to solve macro-economic problems The solution often has side effects, giving rise to the (New) Classicals The Great Recession calls for action; Lucas does not deny. The Agenda The framework The equilibrium The comparative statics: Shocks causes deviation Policy redress the problem Ch. 10 IS-LM, AS AD Analysis Review The IS LM Model Real magnitudes Unemployment 3 Markets 3 Curves Labor Market FE Curve Goods Market IS Curve Asset Market LM Curve The AD AS Model Nominal magnitudes Inflation 3 Curves AD Curve LRAS SRAS Ch. 10 IS-LM, AS AD Analysis Review The IS LM Model Real magnitudes Unemployment 3 Markets 3 Curves Labor Market FE Curve Goods Market IS Curve Asset Market LM Curve The AD AS Model Nominal magnitudes Inflation 3 Curves AD Curve LRAS SRAS Ch. 10 IS-LM, AS AD Analysis Review The IS LM Model...
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This note was uploaded on 06/01/2010 for the course ECON 3140 at Cornell University (Engineering School).

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S10 MyCh09 - Ch. 10 IS-LM, AS AD Analysis Review Ch. 9...

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