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Unformatted text preview: Make sure you understand: Ch. 9: AD/AS model in the short and long run; Shocks & Policies. Ch. 10: Keynesian Cross; IS Curve (derivation); Liquidity Preference Theory; LM Curve (derivation). Ch. 11: IS/LM model application (e.g. in case of an increase in G); MP and FP interactions; Shocks; AD derivation and case studies. Ch. 5: Identity Equations; S/I model; NX/Real Exchange Rate model; Nominal ER and PPP Make sure to go over the practice questions. You need to understand the answers for these. (also make sure to understand what makes a wrong answer wrong) You can use a calculator. (NO graphing calculators. NO cell phones)...
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- Spring '12