3.3+Macroeconomic+Models

=3.3 Macroeconomic Models=

Ch 16 Aggregate Demand
-- use this for the AD questions 1-17

Lecture: Aggregate Demand

Ch 17 Aggregate Supply
- use this for AS questions 1-12

Lecture: Aggregate Supply

Ch 18 Macroeconomic Equilibrium
- use this for Macro Equilibrium questions 1-30 = = Lecture: AS/AD and business cycle Lecture: Fiscal and Monetary Policy

Lecture: Multiplier, Accelerator and Crowding Out

Investment - Energy projects pur on hold in response to lower prices Jobs - Jobless claims at highest level in 26 years
 * ===**__Aggregate Demand – components__**===
 * ===**__Aggregate supply__**===
 * Short run
 * Long run – Keynesian vs. Neo-Classical Approach


 * ===**__Full employment level of national income__**===


 * ===**__Equilibrium level of national income__**===

Economists plumb the depths of the downturn, [[file:Economists Plumb the Depths of the Downturn.doc]]
Uncomfortable Answers to questions of hte economy, Return of the State,


 * ===**__Inflationary gap__**===


 * ===**__Deflationary gap__**===

Gloomy Predictions in the UK, GDP to decrease by 2.9% in 2009 [[file:Gloomy prediction for UK economy.doc]]

 * ===**__Diagram illustrating trade / business cycle__**===