Comprehensive study guide and lecture series on Economics.
Analyze the factors determining household consumption and firm investment. Learn from the Absolute Income Hypothesis to the Permanent Income Hypothesis and Tobin's q theory.
Learn the IS-LM model, which represents the simultaneous equilibrium of the product and money markets, and through it, master the principles of Aggregate Demand (AD) and Aggregate Supply (AS).
Analyze the causes of unemployment and inflation, the two major challenges of macroeconomics, and study the Phillips curve, which represents the relationship between them.
Analyze the causes of short-term business cycles and the drivers of long-term economic growth. Focus on the role of capital accumulation and technological progress in the Solow growth model.
Discuss the policy debates over whether government intervention is necessary. Analyze rational expectations, Ricardian Equivalence, and the difference between rules and discretion.
Study the principles of international trade through comparative advantage and exchange rate determination mechanisms, and summarize macroeconomic policies in an open economy.