PPT-Introduction to Post Keynesian Economics

Introduction Post Keynesian Economics and Political Economy Kingston 2015 Engelbert Stockhammer Kingston University Outline Foundations Fundamental uncertainty Social conflict Effective demand. Malcolm Sawyer. University of Leeds. Introduction. Heterodox macroeconomics includes what may be termed Post-Keynesian and . Kaleckian. macroeconomics . Reading:. M. Sawyer, ‘. T. he central core of heterodox macroeconomics. Summer session I. Appendix . ch. 24 + other sources. Macroeconomic Schools of Thought . Philosophical Debates in Economics. Consider a riddle:. “A man and his son are driving to a championship football game. It is late December and the roads are covered with snow. They hit a patch of ice and crash into a telephone pole. An ambulance rushes the son to a nearby hospital and operating room. The doctor walks in and says, “I can’t operate, that’s my son.” How could this be true?”. 1. Behavioral Economics. The model of economic behavior we have considered . in this course is . restrictive in a number of ways. Economic agents are assumed to be perfectly rational. Agents are assumed to perfectly understand risk and uncertainty. Written by: Peter Ireland. in the Journal of Money, Credit and Banking, Vol. 43. Tyler Halberg, Dylan Adler, and Kevin Reitz. Thesis. In terms of its macroeconomics, does the Great Recession of 2007-2009 really stand apart from its two immediate predecessors: the milder recessions of 1990-1991 and 2001?. : www.iata.org/economics 1 CARGO CHARTBOOKOVERVIEW IATA Economics: www.iata.org/economics 2 Cargo eChartbook – Q 1 2015 Economic Outlook & Traffic GrowthThe global economy is expected to grow fa EFFECTIVENESS OF MONETARY POLICY AND RATIONAL EXPECTATION. Content. Relative effectiveness of Monetary Policy – the IS-LM again…. Intermediate Targeting. Keynesian versus Monetarist. Rational Expectations. Review AD articles. Introduction to two schools of economics. - Introduction to IAs – Week of 23 March. Are you a monetarist or a Keynesian?. Workpoint. . 14.6 (p. 179. ) - AD. 2. Explain why “Germany’s high-end capital goods are especially sought-after in booming emerging countries.”. and the . Historical . Development of Macroeconomics. The Historical Evolution . of Macroeconomics. The Great Depression . and . Macroeconomics. The Great Depression exerted a huge impact . on macroeconomics. Monetarists vs. Keynes. Friedman and the Monetarist View. We can imagine a “market” for money…. --money demand depends on income (mostly) and on interest rates (slightly). --money supply affects spending directly:. Macroeconomics. David Colander. Middlebury College. 1. “Today, if you ask a mainstream economist a question about almost any aspect of economic life, the response will be: suppose we model that situation and see what happens.” (Solow, 1997, 90). Cedar Mountain post acute rehabilitation center provide a therapeutic environment for our residents Yucaipa. Individualized treatment programs are developed with the interdisciplinary team of nursing, social services, Healthcare and dietary in consultation with your physicians. Module 35. Problems of Fiscal Policy. Problems of timing. recognition lag. administrative lag. operational lag. Political problems. Political business cycles. - fiscal policy may be corrupted for political purposes and may . Class : B.Com-I (IInd Semester). Subject : Macro Economics. Topic : Keynesian Theory of Output. College: IB (PG) College, Panipat. (Affiliated to Kurukshetra University, . . Austrian Economics & the Financial Markets. May 22, 2010. Joseph Calandro, Jr.. 1. Contents. Background. Introduction – Austrian Economics & Investing. Investing & “Value Investing”.