Philip Leatherwood, Lecturer

Kazakhstan Institute of Management, Economics, and Strategic Planning

10 April, 2001

1. The J Curve
2. Monetary Approach to the Balance of Payments (IMF procedure)
3. Purchasing Power Parity
4. The Role of Expectations in Exchange Rate Determination and Interest Rate Differentials
5. Interest Rates and Inflation (The Fischer equation)
6. The Rational Expectations School (money policy)
7. The Monetarist School
8. Life Cycle—Permanent Income Theory
9. The Money Multiplier and Money Policy Targets
10. The Random Walk
11. Phillips Curve and Aggregate Supply
12. Fiscal Policy and Crowding Out
13. Deriving the IS-LM Model
14. The Demand for Money
15. Foreign Trade and the Exchange Rate
16. Macroeconomic Effects of Protectionism
17. Applying the IS-LM Model to Kazakhstan's Money Policy
18. Applying the IS-LM Model to Kazakhstan's Fiscal Policy