module economic growth in macroeconomic models krugman's macroeconomics for ap* 40 margaret ray...

6

Module Economic Growth in Macroeconomic Model KRUGMAN'S MACROECONOMICS for AP* 40 Margaret Ray and David Anderson

Upload: ashley-rodgers

Post on 06-Jan-2018

224 views

Category:

Documents

1 download

Report

Download

Embed Size (px):

DESCRIPTION

Long-run Economic Growth and the Production Possibilities Curve K’K C’ C Watch the slide animation. 1.What do points A, C and K represent? 2.What do points B, C’ and K’ represent? 3.What would have caused the shift to PPC’? LR growth is a shift outward of the PPC. SR fluctuation is a movement along PPC.

TRANSCRIPT

Page 1: Module Economic Growth in Macroeconomic Models KRUGMAN'S MACROECONOMICS for AP* 40 Margaret Ray and David Anderson

ModuleEconomic Growth inMacroeconomic Models

KRUGMAN'SMACROECONOMICS for AP*

40

Margaret Ray and David Anderson

Page 2: Module Economic Growth in Macroeconomic Models KRUGMAN'S MACROECONOMICS for AP* 40 Margaret Ray and David Anderson

What you will learnWhat you will learnin thisin this ModuleModule::

• How long-run economic growth is represented in macroeconomic models

• How to model the effects of economic growth policies

Page 3: Module Economic Growth in Macroeconomic Models KRUGMAN'S MACROECONOMICS for AP* 40 Margaret Ray and David Anderson

Long-run Economic Growth and Long-run Economic Growth and the Production Possibilities Curvethe Production Possibilities Curve

K’K

C’

C

Watch the slide animation.1.What do points A, C and K represent?2.What do points B, C’ and K’ represent?3.What would have caused the shift to PPC’?

LR growth is a shift outward of the PPC.SR fluctuation is a movement along PPC.

Page 4: Module Economic Growth in Macroeconomic Models KRUGMAN'S MACROECONOMICS for AP* 40 Margaret Ray and David Anderson

Long-run Economic Growth and the Long-run Economic Growth and the Aggregate Demand-Aggregate Supply ModelAggregate Demand-Aggregate Supply Model

Watch the slide animation. 1. What would shift LRAS to LRAS’?

Page 5: Module Economic Growth in Macroeconomic Models KRUGMAN'S MACROECONOMICS for AP* 40 Margaret Ray and David Anderson

Distinguishing Between Distinguishing Between Long-run Growth and Long-run Growth and Short-run FluctuationsShort-run Fluctuations

Watch the slide animation. Answer the following questions.1.What part of the business cycle are we in? How does the graph show this?2.What happens to P and Y as we move towards Yf?3.Where do P and Yf end up?

4.What part of the business cycle are we in? How does the graph show this?5.What happens to P and Y as we move towards Yf?6.Where do P and Yf end up?

Page 6: Module Economic Growth in Macroeconomic Models KRUGMAN'S MACROECONOMICS for AP* 40 Margaret Ray and David Anderson

Distinguishing Between Long-run Distinguishing Between Long-run Growth and Short-run FluctuationsGrowth and Short-run Fluctuations

Chapter 5. Prices And Unemployment. Most macroeconomics discussions: 1. Macroeconomics problems. 2. Macroeconomic theories. 3. Macroeconomic policies

Macroeconomic analysis: Essays in macroeconomics and econometrics

Module Saving, Investment, and the Financial System KRUGMAN'S MACROECONOMICS for AP* 22 Margaret Ray and David Anderson

Module Types of Inflation, Disinflation, and Deflation KRUGMAN'S MACROECONOMICS for AP* 33 Margaret Ray and David Anderson

Module Equilibrium in the Aggregate Demand- Aggregate Supply Model KRUGMAN'S MACROECONOMICS for AP* 19 Margaret Ray and David Anderson

KRUGMAN'S MACROECONOMICS for AP* 8 Margaret Ray and David Anderson Module Supply and Demand: Price Controls (Ceilings and Floors)

Macroeconomics Case Study: Chinese Macroeconomic … · Macroeconomics Case Study: Chinese Macroeconomic Policy Position Paper1 ... drafts of this paper. ... 5.2 Labor Market Reforms

Eco 200 – Principles of Macroeconomics Chapter 16: Alternative macroeconomic models

BEHAVIORAL MACROECONOMICS AND MACROECONOMIC BEHAVIOR -

BEHAVIORAL MACROECONOMICS AND MACROECONOMIC BEHAVIOR · PDF fileBEHAVIORAL MACROECONOMICS AND MACROECONOMIC BEHAVIOR Prize Lecture, December 8, 2001 by GEORGE A. AKERLOF* Department

Advanced Macroeconomics Lecture 1. Macroeconomic Goals and Instruments

Pump Primer : Define Keynesian Economics.. Module History and Alternative Views of Macroeconomics KRUGMAN'S MACROECONOMICS for AP* 35 Margaret Ray and

Module The Foreign Exchange Market KRUGMAN'S MACROECONOMICS for AP* 42 Margaret Ray and David Anderson

Lecture 11 Macroeconomic Analysis 2003 Approaches to Macroeconomics

Module Supply and Demand: Supply and Equilibrium KRUGMAN'S MACROECONOMICS for AP* 6 Margaret Ray and David Anderson

FIN 30220: Macroeconomic Analysis Open Economy Macroeconomics

MBA ECONOMICS MACROECONOMICS LECTURER: JACK WU Macroeconomic Indicators

Module Interpreting Real Gross Domestic Product KRUGMAN'S MACROECONOMICS for AP* 11 Margaret Ray and David Anderson

Module The Measurement and Calculation of Inflation KRUGMAN'S MACROECONOMICS for AP* 15 Margaret Ray and David Anderson

Macroeconomics What is Macroeconomics? Important Macro Variables What is GDP? Macroeconomic Policy

Module Comparative Advantage and Trade KRUGMAN'S MACROECONOMICS for AP* 4 Margaret Ray and David Anderson

Towards a post-Keynesian consensus in macroeconomics...Paper presented for the 12th conference of the Research Network Macroeconomics and Macroeconomic Policy, “Macroeconomic Policies

Macroeconomics Unit 17 Global Macroeconomic Issues

Module The Production Possibilities Curve Model KRUGMAN'S MACROECONOMICS for AP* 3 Margaret Ray and David Anderson

Second Part Macroeconomics Lecture 7 Macroeconomic Aggregates

Macroeconomic Issues AMBA Managerial Economics Macroeconomics I

Module Monetary Policy and the Interest Rate KRUGMAN'S MACROECONOMICS for AP* 31 Margaret Ray and David Anderson

KRUGMAN'S MACROECONOMICS for AP* 26 Margaret Ray and David Anderson Module The Federal Reserve System: History and Structure

Module History and Alternative Views of Macroeconomics KRUGMAN'S MACROECONOMICS for AP* 35 Margaret Ray and David Anderson John Maynard Keynes & Milton

Macroeconomics: Discretion in the Choice of Macroeconomic

Module Supply and Demand: Introduction and Demand KRUGMAN'S MACROECONOMICS for AP* 5 Margaret Ray and David Anderson

American University · Macroeconomics: Questions and Methods A First Look at Macro Data Measuring the Macroeconomy Macroeconomic Inquiries Macroeconomic Modeling Macroeconomic Inquiries

Module Inflation and Unemployment: The Phillips Curve KRUGMAN'S MACROECONOMICS for AP* 34 Margaret Ray and David Anderson

Module Aggregate Supply: Introduction and Determinants KRUGMAN'S MACROECONOMICS for AP* 18 Margaret Ray and David Anderson

Behavioral Macroeconomics and Macroeconomic Behavioraronatas/project/academic/...Behavioral Macroeconomics and Macroeconomic Behavior† By GEORGE A. AKERLOF* Think about Richard Scarry’s