Intermediate Macro Econ

1. Intro

1.1. Kuhnian 'paradigm'

1.2. Classical School of economics

1.3. Neo-Classical School (human prosperity)

1.4. The Keynesian School

1.5. 'Monetarism I' and 'Monetarism II'

1.6. "Keynesian model" or the "Monetarist view",

2. Core

2.1. 3. The Goods Market

2.1.1. Samuelson's 'Keynesian Cross' Income-Expenditure model

2.1.2. Keynes YE = (1/(1-d) x Ao

2.1.2.1. The General Theory of Employment, Interest & Money

2.1.2.1.1. I=S

2.1.2.2. Gov Intervention

2.1.2.3. Aggregate Demand, Ad, Output,

2.1.2.4. the Multiplier

2.1.2.5. Liquidity preference

2.1.2.6. Animal Spirit

2.1.3. effect of exogenous shocks

2.1.4. IS-LM model

2.1.4.1. LM = M/P = YL (i)

2.1.4.2. IS, Y = C(Y-T) + I(Y,i) + G

2.1.5. GDP=C+I+G

2.1.6. 3types of Equations

2.1.6.1. Identity (sign) =

2.1.6.1.1. Demand for goods, Z = C+I+G+X-M

2.1.6.2. Behavioural

2.1.6.2.1. C= C(Yd) ,

2.1.6.3. Equilibrium= Y= Z

2.2. 4. Financial Markets

2.3. 5.Goods and Financial Markets: The IS–LM Model

3. Others

3.1. 6.The Labour Market

3.2. 7.Putting All Markets Together: The AS–AD Model

3.3. 8.The Natural Rate of Unemployment and the Phillips Curve

3.4. 9.Inflation and Economic Activity

3.5. 10.The Facts of Growth

3.6. 11.Saving, Capital Accumulation and Output

3.7. 12.Technological Progress and Growth

3.8. 13.Technological Progress, Wages and Unemployment

3.9. 14.Expectations: The Basic Tools

3.10. 15.Financial Markets and Expectations

3.11. 16.Expectations, Consumption and Investment

3.12. 17.Expectations, Output and Policy

3.13. 18.Openness in Goods and Financial Markets

3.14. 19.The Goods Market in an Open Economy

3.15. 20.Output, the Interest Rate and the Exchange Rate

3.16. 21.Exchange Rate Regimes

3.17. 22.The Macroeconomics of Financial Market Crises

3.18. 23.Depressions and Slumps

3.19. 24.High Inflation

3.20. 25.Should Policy-makers Be Restrained?

3.21. 26.Monetary Policy: A Summing Up

3.22. 27.Fiscal Policy: A Summing Up

3.23. 28.Epilogue: The Story of Macroeconomics