Why study social systems?
Ecology is defined as:
Interaction with environment includes
Abiotic (light, heat, nutrients)
Biotic = other organisms
Their own species
Fundamental Equation of Behavior
Outline for Reflective Response
Introduction (one paragraph):
Discuss any background information or contextual information that your reader may not already know.
This information would ideally help them understand the response better.
Write a short summ
THE AS/AD MODEL
Shifts in AS & AD
Using AS/AD shifts to explain the business cycle
Short-run vs long-run
Macro Equilibrium & Full Employment
Unlike micro equilibrium, macro equilibrium may not be optimal real GDP can
be above or below full employment