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EnhanceTuition
The Laffer Curve
Existence of government failure in macroeconomic policies
Effectiveness of policy options to meet all macroeconomic objectives
The Phillips Curve - Inflation vs Unemployment
The interconnectedness of problems: Inflation, BOP and the Internal and External Value of Money
Government macro policy aims
The impact of corruption and the importance of the legal framework in an economy
External debt, the role of the IMF and World Bank
Trade and investment, the role of MNCs and FDI
Types of aid, the nature of dependency
The liquidity preference model
Keynesians vs Monetarists
The transmission mechanism of monetary policy
Total currency flow
Quantitative Easing
Sources of money in an open economy - government borrowing
Sources of money in an open economy - credit creation
Broad money vs narrow money
The quantity theory of money
The accelerator effect
Injections and leakages approach to determining equilibrium income
Aggregate expenditure and income determination
The aggregate expenditure function
The multiplier
