Principles of Economics

Philip Leatherwood, Lecturer

Kazakhstan Institute of Management, Economics, and Strategic Planning

13 February, 2001

Lecture and Activities Outline

  1. The Keynesian Income-Expenditures Model
  2. Testing Fiscal Policy
  3. Deriving the multipliers
  4. Targeting Full Employment Income
  5. The Phillips Curve and the Inflation-Unemployment Trade-off
  6.  

    For next week:

    The Banking Sector: how the fractional reserve system works and monetary policy.

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