PPT-Aggregate Demand

AD C I G X M Consumption What determines the level of consumption or whether consumption should rise or fall In pairs discuss the influence on the card you have been given You will need to prepare a presentation to the rest of the class . 29. McGraw-Hill/Irwin. Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved.. Aggregate Demand. Real GDP desired at each price level. Inverse relationship. Real balances effect. Steve Keen. Kingston University London. IDEAeconomics. Minsky Open Source System Dynamics. www.debtdeflation.com/blogs. What does Economics have in common with Ptolemy?. (1) The propensity to start from “. Spring 2011. Dr. Gary Gaukler. Two-equation Smoothing Model. Add linear trend:. Assume . D. t. = . m. + t . G. + . e. t. . . S. t. = . a. . D. t. + (1-. a. ) [. S. t-1. + 1 . G. t-1. ],. Chapter . 15 . of . Macroeconomics. , . 8. th. . edition, by N. Gregory . Mankiw. ECO62. . Udayan. . Roy. PART V Topics in Macroeconomic Theory. Inflation and dynamics in the short run. So far, to analyze the short run we have used. Lecture 12 Part 1. The Global Financial Crisis. Empirical Data & . Modelling. Biggest crisis since the Great Depression... For . almost. every country. Australia (you’re standing in it) the exception. Operations Management. Dr. Ron . Lembke. Learning Objectives. Describe planning. Distinguish the types of plans. Define aggregate scheduling. Relate aggregate scheduling to the overall planning process. odel. KRUGMAN'S. MACROECONOMICS for . AP*. 20. Margaret Ray and David Anderson . What you will learn. in this. . Module. :. How the AD-AS model is used to formulate macroeconomic policy. The rationale for stabilization policy. The Global Financial Crisis. Empirical Data & . Modelling. Biggest crisis since the Great Depression... For . almost. every country. Australia (you’re standing in it) the exception. Reasons why discussed later. Derive AS/AD model . Understand cause & consequences of change in AS/AD. Short run vs Long run. Effects on economic growth, prices, unemployment.. Different schools of thought in macroeconomics. Macroeconomic Long Run and Short Run. Chapter 11: Learning Objectives. You should be able to:. Explain what aggregate planning is and how it is useful. Identify the variables decision makers have to work with in aggregate planning and some of the possible strategies they can use. Chapter 11. McGraw-Hill/Irwin. Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved.. Chapter 11: Learning Objectives. You should be able to:. Explain what aggregate planning is and how it is useful. Introduction & Determinants. Aggregate Demand Curve . (Inverse) Relationship between price level & quantity of aggregate output demanded for the economy as a whole. Aggregate Price Level (measured with GDP deflator). The Influence of Monetary and Fiscal Policy on Aggregate Demand. Monetary policy refers to the control of a country’s quantity of money by its central bank. We saw the . long-run effects. of monetary policy in Chapter 12 (Money Growth and Inflation). AD - The Model. PL. RGDP. AD. PL = Price Level. ALL prices in the economy. Real Gross Domestic Product = Dollar value of ALL domestically produced final goods and services adjusted for inflation. AD = Aggregate demand. The total amount of goods and services people will purchase at ALL price levels. Has the same components as GDP..