Macroeconomics II (1^st Year)

Date: 2024

ISBN: 978-1-9256311-9-7

Format: A4, 2-page, Laminated Card

Description

The aim of this Student Guide Card is to provide first year students with an outline of the basic concepts and principles of Macroeconomics II. In particular, the topics discussed in this title include: (i) the business cycle; (ii) the aggregated expenditure model; (iii) actual aggregate expenditure; (iv) planned aggregate expenditure; (v) household consumption expenditure; (vi) the consumption function; (vii) short-run equilibrium in the aggregate expenditure (AE) model; (viii) the paradox of thrift; (ix) the role of stabilisation policies; (x) fiscal policy; (xi) purposes of fiscal policy; (xii) fiscal policy to eliminate output gaps (expenditure); (xiii) fiscal policy to eliminate output gaps (taxes and transfers); (xiv) limitations of fiscal policy; (xv) monetary policy; (xvi) monetary policy to control money supply.