TAILIEUCHUNG - Lecture Macroeconomics - Chapter 8: Building the aggregate expenditure model

Chapter 8 - Building the aggregate expenditure model. In this chapter you will learn: The factors that determine consumption expenditure and saving, the factors that determine investment spending, how equilibrium GDP is determined in a closed economy without a government sector, about the effects of the multiplier on changes in equilibrium GDP, | Building the Aggregate Expenditure Model Chapter 8 SLIDES PREPARED BY JUDITH SKUCE, GEORGIAN COLLEGE In this chapter you will learn The factors that determine consumption expenditure and saving The factors that determine investment spending How equilibrium GDP is determined in a closed economy without a government sector About the effects of the multiplier on changes in equilibrium GDP In this chapter you will learn How international trade affects equilibrium output How adding the public sector affects equilibrium output The distinction between equilibrium and full-employment GDP The limitations of the aggregate expenditure model Chapter 8 Topics Simplifications Tools of the Aggregate Expenditures Model Consumption & Saving Investment Equilibrium GDP Other Features of Equilibrium GDP Changes in Equilibrium GDP & the Multiplier International Trade & Equilibrium Output Adding the Public Sector Equilibrium vs Full-Employment GDP Simplifications A private closed economy No government No .

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• Macroeconomic activity
• Lecture Macroeconomics
• Macroeconomic environment
• Financial system
• Aggregate expenditures model
• Equilibrium GDP
• Macroeconomic adjustments
• Method of economics
• Nature of economics
• Macroeconomic policy
• Macroeconomic
• Theoretical Model
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