Aggregate Demand/Aggregate
Supply and
Fiscal Policy
Fiscal Policy
Aggregate Supply
Lecture notes for Chapter 11 (for reference)
View Video on Aggregate Supply.
Homework
Complete Aggregate Supply Worksheet #1
Online tutorials for Aggregate Supply
Aggregate Supply
Aggregate Demand
1. Define Aggregate Demand, Aggregate Supply and Equilibrium
2. List and explain the basic causes of shifts in Aggregate Demand and Aggregate Supply
3. Graph Aggregate Demand and Aggregate Supply
4. Describe what determines the amount of goods and services produced and the level of employment in the Classical theory of Aggregate Supply-Aggregate Demand
5. Describe what determines the amount of goods and services produced and the level of employment in the Keynesian theory of Aggregate Supply-Aggregate Demand Lecture notes for Chapter 11 (for referencE)
Worksheet for AD/AS HERE
Online Tutorials for Aggregate Demand
Components of Aggregate Demand
Slope of the Aggregate Demand Curve
Tutorial for AD and AS and PPF
Fiscal Policy
1. Describe how Fiscal Policy can be used to stabilize the economy
2. Distinguish between Automatic and Discretionary Stabilizers
3. Distinguish between a Contractionary and Expansionary Fiscal Policy
4. Evaluate Macroeconomic conditions and determine the Fiscal Policy that can be used to improve those conditions 5. List and explain the complications encountered in employing Fiscal Policy
Lecture Notes for Fiscal Policy
Powerpoint for Fiscal Policy
Online Interactives
Slope of the Aggregate Demand Curve
Tutorial for AD and AS and PPF
Fiscal Policy
1. Describe how Fiscal Policy can be used to stabilize the economy
2. Distinguish between Automatic and Discretionary Stabilizers
3. Distinguish between a Contractionary and Expansionary Fiscal Policy
4. Evaluate Macroeconomic conditions and determine the Fiscal Policy that can be used to improve those conditions 5. List and explain the complications encountered in employing Fiscal Policy
Lecture Notes for Fiscal Policy
Powerpoint for Fiscal Policy
View Video on Fiscal Policy
Homework
Online Tutorials
Deficit vs
DebtOnline Interactives
Keynesian Multipliers
1. Explain how Consumption and Saving are related to Disposable Income in the Keynesian model
2. Describe and calculate from given data the Marginal Propensity to Consume and the Marginal Propensity to Save
3. Describe the Multiplier
4. Given values for the marginal Propensity to Consume, calculate the values for the Multiplier
5. Calculate the change in total spending that occurs from a given change in Business or Government expenditures when MPC is known View Videos on Multiplier Effect.. Worksheet that accompanies video here.
Online Tutorial
Multiplier Effect
ONLINE QUIZ
Keynesian Multiplier
Online Interactive
Spending Multiplier
Crowding Out Effect of Government Borrowing
Powerpoint for Crowding Out Effect
View Video on Crowding Out Effect. Worksheet that accompanies video here.
Homework
Online Tutorials
Crowding Out Effect
Online Interactive
Practice with Mkt for Loanable Funds
Phillips Curve---Short Run and Long Run
1.Use a Phillips Curve to illustrate tradeoffs between inflation and unemployment in the short run and the long run
2. Analyze the tradeoffs involved in various economic policy prescriptions
Powerpoint for Phillips Curve
View Videos on Phillips Curve. Worksheets that accompanies the videos
Online Tutorials
Phillips Curve
Online Interactives
Phillips Curve Interactive
Phillips Curve Interactive #2
Phillips Curve Interaction with AD/AS Model
Supplemental Readings on the Phillips
Curve
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