Macro Equilibrium

Chapter 10 Macro Equilibrium

I. Macro Equilibrium II. Aggregate Demand III. Aggregate Supply

IV. Static and Dynamic Equilibrium V. Videos, Readings, Major's Stuff

2024 Economy update Review Notes 8-14

Lectures Notes

1-page printable lecture notes

I. Macro Equilibrium





As prices drop, the amount of real gross domestic product purchased (AD) increases. AD = C + I + G + X_N   Like all demand curves, AD increases to the right and decreases to the left. Will this cause continued sloe growth in AD and resulting GDP?

III. Aggregate supply (AS)




Like all supply curves, AS increases to the right and
decreases to the left. Will less investment affect
the rate AS increases?

IV. Static equilibrium AD/AS intersect


V. Dynamic equilibrium depicts changes in AD and AS over time
A. GDP grows to Q'. B. Prices increase to P'.

B.   Dynamix Equilibrium Examples 4 min. video

V. Videos, Readings and Stuff for Econ Majors

     A. Demonstrations
        AD, AS, and Long Run Aggregate Supply- ACDC Economics
          Aggregate Demand and Aggregate Supply model
          The Aggregate Demand and Aggregate Supply Model
          by Dennis Kaufman of the University of Wisconsin-Parkside

      B. Lucas critique is a criticism of econometric policy evaluation
          procedures that fail to recognize that optimal decision rules of
          economic agents vary systematically with changes in policy.

      C. Readings
           US macro disequilibria (Oct 2008)
           What is economic equilibrium explores a few kinds. 4/10/13, N. Smith

D. Videos for econ majors
      Crash Course in Non-Equilibrium Economics

      Non-Equilibrium Economics Schumpeter, Fisher and Keynes 5/5/14

      AD As at E

E. Podcasts

    Econ. Speakers

    Econometrics

Econtalk

Note: There are no Quick Questions questions associated with this chapter as the material will be reexamined and questions posed in the next few chapters.

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Chapter 10 Class Discussion Questions Table of Contents

Chapter 10 Homework Questions Economics Internet Library

Lectures Notes 1-page printable lecture notes I. Macro Equilibrium	As prices drop, the amount of real gross domestic product purchased (AD) increases. AD = C + I + G + X_N Like all demand curves, AD increases to the right and decreases to the left. Will this cause continued sloe growth in AD and resulting GDP?
III. Aggregate supply (AS)	Like all supply curves, AS increases to the right and decreases to the left. Will less investment affect the rate AS increases?
IV. Static equilibrium AD/AS intersect V. Dynamic equilibrium depicts changes in AD and AS over time A. GDP grows to Q'. B. Prices increase to P'. B. Dynamix Equilibrium Examples 4 min. video
V. Videos, Readings and Stuff for Econ Majors A. Demonstrations AD, AS, and Long Run Aggregate Supply- ACDC Economics Aggregate Demand and Aggregate Supply model The Aggregate Demand and Aggregate Supply Model by Dennis Kaufman of the University of Wisconsin-Parkside B. Lucas critique is a criticism of econometric policy evaluation procedures that fail to recognize that optimal decision rules of economic agents vary systematically with changes in policy. C. Readings US macro disequilibria (Oct 2008) What is economic equilibrium explores a few kinds. 4/10/13, N. Smith D. Videos for econ majors Crash Course in Non-Equilibrium Economics Non-Equilibrium Economics Schumpeter, Fisher and Keynes 5/5/14 AD As at E E. Podcasts Econ. Speakers Econometrics Econtalk

Last Chapter	Next Chapter
Chapter 10 Class Discussion Questions	Table of Contents
Chapter 10 Homework Questions	Economics Internet Library