Monetary policy used by the federal reserve to influence the economy in times of a recessionary or inflationary gap.
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EA900.10 – Keynesian Model – Short Run or Demand Side
Keynesian short run or demand model includes business cycles aggregate demand, short term aggregate supply, and long term aggregate supply. The basis for monetary and fiscal policy recommendations.
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EA10,000.10 Classical Model – Long Run, Growth, Supply – Side
Classical model, long run, growth or supply-side, discussing the model most economists held before the 1930 and that has had some concepts come back since the 1970s.
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EA600.10 Economic History Classical And Keynesian, Short Term, Long Term
Economic history of macro economics introducing classical economics, Keynesian economics and the business cycle.
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EA700.10 Gross Domestic Product GDP
Gross domestic product GDP, basic macro economic accounting term measuring performance, including C Consumption + I Income + G Government Spending + Net exports (exports – imports).
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EA800.10 Market Problems – Government Problems
Market problems including externalities, public goods, and uneven information including pros and cons of government intervention for these market problems.
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Economic terms of demand and utility allowing us to graph diminishing marginal utility.
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EA400.10 Elasticity
Economic concept of elasticity crucial economic concept in many economic models, applied to elastic of demand and elasticity of supply.
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EA300.10 Supply, Demand, & Equilibrium
Economic core concepts of supply, demand & equilibrium including movement along supply and demand curve, shit in supply and demand curve, and discussion of market based economy & centrally planned economy.
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EA200.10 Production Possibility Frontier & Comparative Advantage
Economic topic of production possibility frontier & comparative advantage are core principles in economics, demonstrating the use of models and concepts of scarcity, opportunity cost, and trade-offs in decision making.
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