1.Chapter 3 Consumption and Investment 2. Consumption (C) and investment (I) Since we are more concerned with two sector model in our course, we will discuss about consumption…
UNIT 1 CLASSICAL AND KEYNESIAN APPROACHES structure 1.0 Objectives 1 . I Iiltroduction 1.2 Some Cencepts 1.2.1 Aggregate Supply 1.2.2 Supply of and Demand for Labour 1.2.3…
Slide 1 What explains differences and changes in consumption during economic development? AGEC 340: International Economic Development Course slides for week 3 (Jan. 26 &…
Slide 1 Chapter 5 The Consumption Sector Copyright 2005 by The McGraw-Hill Companies, Inc. All rights reserved. 5-1 Slide 2 Chapter Objectives The average propensity…
Slide 1 Slide 2 The Aggregate Economy Price Level AD AS RGDP LRAS FEQ1 PL1 Slide 3 The Aggregate Economy Economic well being is determined by the level of Real GDP The level…