《宏观经济学 Macroeconomics》课外读物：Keynes's General Theory：Interpreting the Interpretations

《宏观经济学 Macroeconomics》课外读物：Keynes, Lucas, and Scientific Progress

《宏观经济学 Macroeconomics》课外读物：Money, Credit, and Prices in a Real Business Cycle

Introduction The objective of this chapter is to study how employment is determined in the labor market We are considering the labor market in which the following relation should always hold:

Normative Definition: Economics is the science that studies how to efficiently allocate economic resources Positive Definition: Economics is the science that studies how an economy operates or how economic variables are determined under the given economic system. The System of an Economy:

1. Please express the model of natural rate of unemployment according to Blanchard’s book and then give your comments. 2. How can you explain the aggregate demand and aggregate supply curves. How they are different from the usual definition on demand and supply curves

(Continued with question 1 in exercise for chapter 3). Suppose instead of given 2000 there is an investment function which takes the form

The objective of this chapter is to study how money and interest rate is determined in the money and financial market. The money and financial market is the market in which money and various financial assets (such as, bonds and stocks) are exchanged

Question 1: Suppose in an open economy the consumption function take the form C 8Yd =100 + 0. Tax is the proportion of income with the tax rate to be given by 0.2. Meanwhile import depends on the domestic income with the function given by

The aim of this chapter is to study how output is determined in Keynesian framework. The analysis in this chapter is often named multiplier analysis