Topics to be Discusses Aggregate Demand (AD) Function Aggregate Supply (AS) Function AS-AD Model Price Changes and Determination of Output Price Adjustment Process
Topics to be Discussed National Income Accounting and the Balance of Payments other concepts The determination of exchange rate floating exchange rate system Fixed exchange rate system Trade environment and policy o Summary of the open economy
Topics to be Discussed 11.1 Summary Initial research about the economic growth The definition about the economic growth Weighing standard about the economic growth Headspring of the economic growth Economic growth and economic development
Introduction to New Classical Theories R.lucas Supply Function Rational Expectations and R.lucas Criterion Policy Implications Comparisons between New Classical and Keynesian Theories