1. HISTORY ANDALTERNATIVEVIEWS OFMACROECONOMICSMODULE 35 2. CLASSICAL MACROECONOMICSThe term “macroeconomics” was first used in 1933 by the Norwegian economist Ragnar…
1. Introducing Macroeconomics 2. Economics, but on a different scale…International economicsNational economy Micro to MacroMarketsFirmsConsumers 3. "To dig holes in…
1.An illuminating phronesis antenarrative on practicismTowards an-otherness wentelechistic eco- social qualiorders through the logics ofanotherness vaguenesses1The practicistic…
1.Consumption Function2. ConsumptionIncome is used for consumption andsavings Yd = C + S 3. If C = a + bYdThen S = Yd – C= Yd – a – bYd= - a + (1-b)YdWhere Yd = personal…
1. The View of Money:Keynes vs. Friedman Chahir ZakiFEPS, Cairo University Second semester, 2012 2. Outline1. Introduction2. Keynes’ view of Money3. Friedman’s view of…
1. The View of Money:Keynes vs. Friedman Chahir ZakiFEPS, Cairo University Second semester, 2012 2. Outline1. Introduction2. Keynes’ view of Money3. Friedman’s view of…
1. The View of Money:Keynes vs. Friedman Chahir ZakiFEPS, Cairo University Second semester, 2012 2. Outline1. Introduction2. Keynes’ view of Money3. Friedman’s view of…
T H E I S – L M F R A M E W O R K Modeling the Demand Curve in Detail—The IS–LM Framework This additional chapter has been written by David Miles and Andrew Scott to…