Скачать или смотреть EC1002 Chapter 12 Lesson 1 - ISLM Equilibrium and Fiscal Policy [Full]

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Key Topics:
What is the intuition behind combining the IS and LM to derive the ISLM equilibrium?
Common mistake: Too simple analysis of the ISLM model. How do we avoid that?
Detailed explanation on how the ISLM model works with the Goods and Money market diagrams in the background to explain the macroeconomic mechanics
Introduction to the crowding in/out effect and what is the intuition behind this effect
Simple breakdown of the Classical View versus the Keynesian View
Brief introduction of the ADAS Model
How is an increase in government spending financed?
How does each financing method affect the economy?
How can the crowding out effect be avoided?