Macroeconomics III (1^st Year)

Date: 2024

ISBN: 978-1-9256312-0-3

Format: A4, 2-page, Laminated Card

Description

The aim of this Student Guide Card is to provide first year students with an outline of the basic concepts and principles of Macroeconomics III. In particular, the topics discussed in this title include: (i) monetary policy to eliminate output gaps; (ii) the aggregate demand-aggregate supply (AD-AS) model; (iii) the AD curve; (iv) shifts of the AD curve; (v) the AS curve; (vi) shifts of the AS curve; (vii) the AD-AS equilibrium; (viii) the role of stabilisation policy; (ix) stabilisation and short-run monetary policy; (x) stabilisation and long-run monetary policy; (xi) whether stabilisation can cause more harm than good?; (xii) inflation inertia; and (xiii) inside and outside lags.