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  1. www.khanacademy.org › v › keynesian-economicsKhan Academy

    Keynesian economics. Risks of Keynesian thinking. Macroeconomic perspectives on demand and supply. Keynes’ Law and Say’s Law in the AD/AS model. Aggregate demand in Keynesian analysis. The building blocks of Keynesian analysis. The Phillips curve in the Keynesian perspective.

  2. Unit 1 Basic economics concepts. Unit 2 Economic indicators and the business cycle. Unit 3 National income and price determination. Unit 4 Financial sector. Unit 5 Long-run consequences of stabilization policies. Unit 6 Open economy: international trade and finance. Unit 7 Keynesian approaches and IS-LM.

  3. www.khanacademy.org › economics-finance-domain › macroeconomicsKhan Academy

    Showing how a change in government spending can lead to a new equilibrium. Created by Sal Khan.

  4. A general equilibrium is defined as a state in which all markets and all decision-making units are in simultaneous equilibrium. A general equilibrium exists if each market is cleared at a positive price, with each consumer maximising satisfaction and each firm maximising profit.

  5. The Keynesian approach, with its focus on aggregate demand and sticky prices, has proved useful in understanding how the economy fluctuates in the short run and why recessions and cyclical unemployment occur.

  6. Within the Keynesian model, if the output of an economy is less than the full-employment level, then a. a reduction in government expenditures will direct the economy back to full-employment equilibrium. b. a reduction in wage rates and resource prices will quickly restore full-employment equilibrium. c.

  7. We will use the Simple Keynesian Model to illustrate the notions of the equilibrium solution, the equilibration process, and the comparative statics properties that are common to all equilibrium systems.