We do not grow old as long as we strive to improve ourselves.
The relative effectiveness of fiscal and monetary policies is analyzed from the perspective of each school (Keynes vs. classical). It addresses liquidity traps and whether full employment equilibri...
The relationship between prices and national income is analyzed through aggregate demand and aggregate supply curves. Covers differences in the shape of short- and long-term aggregate supply curves...
We analyze the difference between adaptive expectations and rational expectations, and cover the Lucas Critique and Policy Ineffectiveness Proposition.
We analyze traditional business cycle theory and real business cycle (RBC) theory. It covers trends in modern macroeconomics, including balanced economic fluctuations and menu cost models.
We closely analyze Solow's neoclassical growth model, which analyzes the determinants of long-term growth. Covers capital deepening, the Golden Rule, and the convergence hypothesis.
We analyze endogenous growth theories (AK model, Romer model) that attempt to explain technological progress within the model. Covers the impact of human capital and R&D investments on long-term gr...
We analyze the specific implementation principles of macroeconomic policies, policy lags, and political economic fluctuation theory. It covers modern operating methods such as Taylor's rule and inf...
Learn the essence of macroeconomics — analyzing simultaneous equilibrium in the goods market (IS) and the money market (LM). Use the interactive simulator to see the effects of fiscal and monetary policy firsthand.
Learn the gains from trade through David Ricardo's theory of comparative advantage — how countries benefit by specializing in what they produce at the lowest opportunity cost. Analyze it yourself with the interactive opportunity cost calculator.
When the other person's choice affects your outcome, what should you choose? Learn the Prisoner's Dilemma — the pinnacle of strategic equilibrium — and Nash Equilibrium through an interactive game simulation.