ECON3092 Macroeconomics (II)

Content

Chapter 8 Business Cycles

What Is a Business Cycle? | The American Business Cycle: The Historical Record | Business Cycle Facts | Business Cycle Analysis: A Preview

Chapter 9 The IS-LM/AD-AS Model: A General Framework for Macroeconomic Analysis

The FE Line: Equilibrium in the Labor Market | The IS Curve: Equilibrium in the Goods Market | The LM Curve: Asset Market Equilibrium | General Equilibrium in the Complete IS-LM Model | Price Adjustment and the Attainment of General Equilibrium | Aggregate Demand and Aggregate Supply

Quiz 1

Chapter 8 ~ 9

Mid-term Exam

Chapter 8 ~ 9

Chapter 10 Classical Business Cycle Analysis: Market-Clearing Macroeconomics

The Real Business Cycle Theory | Fiscal Policy Shocks in the Classical Model | Unemployment in the Classical Model | Money in the Classical Model | The Misperceptions Theory and the Nonneutrality of Money

Chapter 11 Keynesianism: The Macroeconomics of Wage and Price Rigidity

Real-Wage Rigidity | Price Stickiness | Monetary and Fiscal Policy in the Keynesian Model | The Keynesian Theory of Business Cycles and Macroeconomic Stabilization

Quiz 2

Chapter 10 ~ 11

Chapter 12 Unemployment and Inflation

Unemployment and Inflation: Is There a Trade-Off? | Macroeconomic Policy and the Phillips Curve | The Problem of Unemployment | The Problem of Inflation | Fighting Inflation: The Role of Inflationary Expectations

Chapter 13 Exchange Rates, Business Cycles, and Macroeconomic Policy in the Open Economy

Exchange Rates | How Exchange Rates Are Determined: A Supply-and-Demand Analysis | The IS-LM Model for an Open Economy | Macroeconomic Policy in an Open Economy with Flexible Exchange Rates | Fixed Exchange Rates