Macroeconomic Models. Tutorial Cluster 4.
Detailed App Info:
Application Description
Tutorial Cluster 4 of “Macroeconomic Models” includes tutorials 10 and 11 on the IS/LM model.
The IS/LM model of Tutorial 10 combines the model of the economy’s market for goods and services with the model of the economy’s money market to explain the short term relationship between the equilibrium nominal interest rate and equilibrium output and income.
Tutorial 10 explains how the IS relation is the AE relation with an added term that reflects the effect of the nominal interest rate on aggregate expenditure and how the LM relation and LM curve are derived from the money market model.
Tutorial 11 explains how fiscal and monetary policies affect the IS and LM curves. The tutorial shows how the IS/LM model may be applied as a practical tool for analyzing the effect of both stabilization policies.
It appears that the efficiency of fiscal policy may be reduced by crowding out. Also, the money supply as a monetary policy instrument appears to be less efficient than monetary policy based on the central bank’s direct setting of the nominal interest rate.
Key topics of Tutorial 10:
•The role of central banks.
•The quantity theory of money.
•The monetary response to output gaps.
•The monetary transmission mechanism.
•Deriving the IS curve from the market for goods and services diagram.
•Defining the IS curve.
•Deriving the LM curve from the money market diagram.
•Defining the LM curve.
Key topics of Tutorial 11:
•Fiscal and monetary policies in the IS/LM model.
•The IS curve and the IS relation.
•Shifts of the IS curve.
•The efficiency of fiscal policy.
•Crowding ou.t
•The LM curve and the LM relation.
•Shifts of the LM curve.
•The efficiency of monetary policy.
•Exogenous and endogenous money supply.
Tutorial Cluster 4 includes 2 out of 15 tutorials in macroeconomic models. The tutorials present macroeconomic models in a fabulous new, innovative and interactive design. The tutorials’ animated graphics with voice over goes beyond the static texts and graphics of traditional textbooks and e-books and introduce a wholly new and dynamic approach to learning economics.
The tutorials’ clarity and focused structure supported by case studies and an interactive design facilitates the understanding of macroeconomic models and their application to reality.
“Macroeconomic Models” lets you review a particular model in about 15 minutes or the main models of most P-of-M courses in less than 4 hours - on your iPad wherever and whenever you wish.
Each of the 15 tutorials includes a glossary of macroeconomic terms and concepts.
The IS/LM model of Tutorial 10 combines the model of the economy’s market for goods and services with the model of the economy’s money market to explain the short term relationship between the equilibrium nominal interest rate and equilibrium output and income.
Tutorial 10 explains how the IS relation is the AE relation with an added term that reflects the effect of the nominal interest rate on aggregate expenditure and how the LM relation and LM curve are derived from the money market model.
Tutorial 11 explains how fiscal and monetary policies affect the IS and LM curves. The tutorial shows how the IS/LM model may be applied as a practical tool for analyzing the effect of both stabilization policies.
It appears that the efficiency of fiscal policy may be reduced by crowding out. Also, the money supply as a monetary policy instrument appears to be less efficient than monetary policy based on the central bank’s direct setting of the nominal interest rate.
Key topics of Tutorial 10:
•The role of central banks.
•The quantity theory of money.
•The monetary response to output gaps.
•The monetary transmission mechanism.
•Deriving the IS curve from the market for goods and services diagram.
•Defining the IS curve.
•Deriving the LM curve from the money market diagram.
•Defining the LM curve.
Key topics of Tutorial 11:
•Fiscal and monetary policies in the IS/LM model.
•The IS curve and the IS relation.
•Shifts of the IS curve.
•The efficiency of fiscal policy.
•Crowding ou.t
•The LM curve and the LM relation.
•Shifts of the LM curve.
•The efficiency of monetary policy.
•Exogenous and endogenous money supply.
Tutorial Cluster 4 includes 2 out of 15 tutorials in macroeconomic models. The tutorials present macroeconomic models in a fabulous new, innovative and interactive design. The tutorials’ animated graphics with voice over goes beyond the static texts and graphics of traditional textbooks and e-books and introduce a wholly new and dynamic approach to learning economics.
The tutorials’ clarity and focused structure supported by case studies and an interactive design facilitates the understanding of macroeconomic models and their application to reality.
“Macroeconomic Models” lets you review a particular model in about 15 minutes or the main models of most P-of-M courses in less than 4 hours - on your iPad wherever and whenever you wish.
Each of the 15 tutorials includes a glossary of macroeconomic terms and concepts.
Requirements
Your mobile device must have at least 21.77 MB of space to download and install Macroeconomic Models. Tutorial Cluster 4. app. Macroeconomic Models. Tutorial Cluster 4. is available on iTunes for $4.99
If you have any problems with installation or in-app purchase, found bugs, questions, comments about this application, you can visit the official website of Didacon Aps Didacon ApS at http://didacon@didacon.com.
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