Some facts in business-cycle Real-business-cycle theory's explanation to some important economic variables Explanation to the fluctuations of output, consumption investment Explanations to employment fluctuation Explanations to monetary fluctuation Evaluation to Real-business-cycle theory

Content A simple closed model The static solution of simple model Basic concepts of disequilibrium theory

5.1 The Goods Market Equilibrium and IS Curve 5.2 Financial Markets and LM Curve 5.3 Goods and Financial Markets: IS- LM Model

Topics to be Discussed Basic principles of building macroeconomic model Micro basis of macroeconomics &Choices of households Choices of firms Introduction to labor market

9.1 Decision of investment 9.2 Investment function 9.3 Inventory investment& Investment in residential structures

8.1 Keynesian consumption function 8.2 A simple two-period model 8.3 Consumption theory after Keynes Permanent-income Hypothesis Life-style Hypothesis 8.4 Real interest& decision-making- between consumption and saving

7.1 Fiscal policies and effects 7.2 Monetary policies and effects 7.3 Policy mix 7.4 Economic fluctuation and eliminating the fluctuations with economic policies 7.5 Macroeconomic policy practice

Main Idea Nominal Rigidity nominal price rigidity nominal wage rigidity Real Rigidity Real price rigidity Real wage rigidity Unemployment, Economic Cycle and Policy Suggestion

Economists\ on some level are mathematicians, historians, diplomatists, philosophers..and they are as indifferent and honest as artists

一、消费函数与消费倾向 二、储蓄函数 三、两部门经济国民收入决定