Midterm Review
Macroeconomics
March 25, 2016
1
Chapter 4
Measures of Money
Formula for calculating total money supply under fractional reserve banking
system
Formula for calculating total money sup
Chapter 11: Section 1: Aggregate Expenditure Model
Dr. Amlan Datta
March 9, 2016
1
The Aggregate Expenditure Function
From National Income Accounting(for a closed economy)we have:
Y = AE = C + I + G
(
Final Review
Macroeconomics
April 22, 2016
1
Chapter 11
1.1
Aggregate Expenditure Model
Components of Aggregate Expenditure
What is the key difference between Actual Aggregate Expenditure and
Keynes
Chapter 5:Inflation
Dr. Amlan Datta
March 25, 2016
1
Inflation and Interest rates
Types of Interest Rates
Nominal Interest Rates [i]: Interest rate i not adjusted for inflation, .
Example: The intere
Chapter 4: Monetary System
Dr. Amlan Datta
February 17, 2016
Types of Money
Fiat Money:Money that has no intrinsic value is called Fiat Money, because it
is established as money by government decree,
Chapter 7:Unemployment and the Labor
Market
Dr. Amlan Datta
March 26, 2016
1
Natural rate of Unemployment
1.1
Concept of Natural rate of Unemployment
The average rate of unemployment around which the
Chapter 11: Section 2: IS-LM Model
March 25, 2016
1
1.1
Goods Market
The IS [Investment-Saving ] curve
Derivation of IS Curve from The Keynesian Aggregate Expenditure model
Figure 1
In figure 1 the IS
SUPPLEMENT: Aggregate Demand Curve and
Special Cases of IS-LM slopes
Dr. Amlan Datta
April 6, 2016
1
Derivation of AD curve from IS-LM
In Fig 1 as the price level increases from P 1 to P 2 to P 3, the
Chapter 8:Economic Growth, Solow Growth
Model
Dr. Amlan Datta
April 22, 2016
1
Why Growth Matters ?
Economic growth raises living standards and reduces poverty. Some Facts:
In Pakistan, 85% of people