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– Introduces aggregate demand and aggregate supply curves. mankiw macroeconomics 10th edition ppt full
Analyze how saving, population growth, and technological progress affect the level of an economy’s output and its growth over time. Is there a (like the IS-LM or Solow
: Visual derivations of the IS curve (from the Keynesian Cross) and the LM curve (from the Liquidity Preference Theory). The slides show how monetary and fiscal policies shift these curves. : Visual derivations of the IS curve (from
– Analyzes the natural rate of unemployment, job search frictions, and wage rigidity. 3. Growth Theory: The Economy in the Very Long Run
– Explores the short-run tradeoff between inflation and unemployment (the Phillips Curve). 5. Macroeconomic Policy and Micro-Foundations
The introductory slides define the scope of macroeconomics, data measurement (GDP, CPI, and unemployment), and national income distribution. You will explore how the classical dichotomy separates real and nominal variables in the long run. 2. Growth Theory: The Solow Model