Macroeconomics

  1. Short-Run Economic Fluctuations
    1. Business Cycles
      1. Facts about Economic Fluctuations
        1. Frequency and Duration
          1. Amplitude
            1. Impact on Output and Employment
              1. Sectoral Differences
              2. Business Cycle Indicators
                1. Leading Indicators
                  1. Coincident Indicators
                    1. Lagging Indicators
                    2. Explaining Short-Run Fluctuations
                      1. Aggregate Demand Shocks
                        1. Aggregate Supply Shocks
                          1. Role of Expectations
                            1. Propagation Mechanisms
                            2. Theories of Business Cycles
                              1. Keynesian Theory
                                1. Monetarist Theory
                                  1. Real Business Cycle Theory
                                    1. New Keynesian Theory
                                  2. The Aggregate Demand and Aggregate Supply Model
                                    1. The Aggregate Demand Curve
                                      1. Why the AD Curve Slopes Downward
                                        1. The Wealth Effect
                                          1. The Interest-Rate Effect
                                            1. The Exchange-Rate Effect
                                            2. Deriving the AD Curve
                                              1. Shifts in the AD Curve
                                                1. Changes in Consumption
                                                  1. Consumer Confidence
                                                    1. Wealth Effects
                                                      1. Tax Changes
                                                      2. Changes in Investment
                                                        1. Business Confidence
                                                          1. Interest Rates
                                                            1. Technology
                                                            2. Changes in Government Purchases
                                                              1. Fiscal Policy
                                                                1. Automatic Stabilizers
                                                                2. Changes in Net Exports
                                                                  1. Exchange Rates
                                                                    1. Foreign Income
                                                                      1. Trade Policies
                                                                  2. The Aggregate Supply Curve
                                                                    1. The Long-Run Aggregate Supply Curve
                                                                      1. Why LRAS is Vertical
                                                                        1. Full Employment Output
                                                                          1. Potential GDP
                                                                            1. Shifts in LRAS Curve
                                                                              1. Changes in Labor Force
                                                                                1. Changes in Capital Stock
                                                                                  1. Changes in Natural Resources
                                                                                    1. Changes in Technology
                                                                                      1. Changes in Institutions
                                                                                    2. The Short-Run Aggregate Supply Curve
                                                                                      1. Why SRAS Slopes Upward
                                                                                        1. Sticky-Wage Theory
                                                                                          1. Sticky-Price Theory
                                                                                            1. Misperceptions Theory
                                                                                            2. Deriving the SRAS Curve
                                                                                              1. Shifts in SRAS Curve
                                                                                                1. Input Prices
                                                                                                  1. Expected Price Level
                                                                                                    1. Supply Shocks
                                                                                                      1. Productivity Changes
                                                                                                  2. Equilibrium in the AD-AS Model
                                                                                                    1. Short-Run Equilibrium
                                                                                                      1. Long-Run Equilibrium
                                                                                                        1. Adjustment Process
                                                                                                        2. Two Causes of Economic Fluctuations
                                                                                                          1. Shifts in Aggregate Demand
                                                                                                            1. Demand-Pull Inflation
                                                                                                              1. Recession from Demand Shocks
                                                                                                              2. Shifts in Aggregate Supply
                                                                                                                1. Cost-Push Inflation
                                                                                                                  1. Stagflation
                                                                                                                    1. Supply-Side Recessions
                                                                                                                  2. Adjustment from Short Run to Long Run
                                                                                                                    1. Self-Correction Mechanism
                                                                                                                      1. Speed of Adjustment
                                                                                                                        1. Policy Intervention