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The Basics of Aggregate Demand Management

This chapter talks about the role of government induced tools, such as actions by the central bank or actions in budget spending and tax decisions, towards a stabilization policy. Stabilization…

From  SDG Academy 60 plays

Output Determination in the IS-LM Model

This chapter explains the IS-LM model of John Hicks to understand aggregate demand management. Assuming that wages are sticky and that the price that the business charges is a fixed markup over the…

From  SDG Academy 40 plays

Partial-Employment Economy

In this chapter, Professor Sachs discusses an economy that is not fully employed, or an economy that is in an economic recession or depression. He explains the factors that are responsible for…

From  SDG Academy 31 plays

Macroeconomic Pathologies

In this chapter, Professor Sachs compares a macroeconomy to a human body, addresses what pathologies could afflict a macroeconomy, as well as addresses what a healthy economy looks like. A healthy…

From  SDG Academy 40 plays