Chapter 7. The IS-LM model at fixed prices
The aim of this chapter is to show you that a fiscal policy financed in different ways (by borrowing, by raising taxes, compensated by monetary policy, etc.) will not have the same effects on the economy.
The aim of this chapter is to show you that a fiscal policy financed in different ways (by borrowing, by raising taxes, compensated by monetary policy, etc.) will not have the same effects on the economy.
The aim of this Tutorial Sheet is for you to understand what GDP is, inflation rate, the difference between nominal and real GDP, and to be able to calculate them.
The objective of this chapter is to determine the level of national income in the short and medium term. For this, it is necessary to consider the simultaneous equilibrium on all markets (goods and services, money, labor).
The aim of this Tutorial Sheet is for you to understand what GDP is, inflation rate, the difference between nominal and real GDP, and to be able to calculate them.
The purpose of this chapter is to study the relationship between inflation and unemployment. At first glance, these are two phenomena with no obvious link, this is indeed true in the long term but in the short term, it can be shown that there is an inverse relationship between inflation and unemployment.
The objective of this Tutorial Sheet is on the one hand that you understand the determinants of consumption and savings and on the other hand that you are able to differentiate between the consumption function of Keynes, the theory of relative income , permanent income theory and life cycle theory.