Comprehensive study guide and lecture series on Economics.
We analyze various theories that regulate consumption, including the absolute income hypothesis, relative income hypothesis, permanent income hypothesis, and life cycle hypothesis. It addresses liq...
We analyze the investment decision principles of companies through present value method, marginal efficiency theory, and Tobin's q theory. We cover acceleration principles and flexible acceleration...
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.