TAILIEUCHUNG - Lecture Macroeconomics: Lecture 28 - Prof. Dr.Qaisar Abbas

This chapter presents the following content: The science of macroeconomics; the data of macroeconomics- GDP, unemployment & inflation; national income: where it comes from and where it goes; economic growth; money and inflation;. | 1. The Fed can control the money supply with open market operations the reserve requirement the discount rate 2. Portfolio theories of money demand stress the store of value function posit that money demand depends on risk/return of money & alternative assets Review of the previous lecture 1 3. The Baumol-Tobin model is an example of the transactions theories of money demand, stresses “medium of exchange” function money demand depends positively on spending, negatively on the interest rate, and positively on the cost of converting non-monetary assets to money Review of the previous lecture 2 Lecture 28 Review of the previous lectures Instructor: Prof. Dr. Qaisar Abbas 3 This chapter sets up the IS-LM model, which chapter 11 then uses extensively to analyze the effects of policies and economic shocks. This chapter also introduces students to the Keynesian Cross and Liquidity Preference models, which underlie the IS curve and LM curve, respectively. If you would like to spend less time

• Kinh tế học
• Lecture Macroeconomics
• Principles of microeconomics
• Economic models
• Science of macroeconomics
• Tools of microeconomics
• Microeconomic transactions
• Bài giảng Kinh tế vĩ mô
• Kinh tế vĩ mô
• Data of macroeconomics
• Unemployment rate
• Inflation rate
• Natural rate of unemployment
• Consumer price index
• National income
• Agriculture sector
• Agricultural policies
• Economic fluctuations
• Macroeconomic policy
• Business cycle theory