We do not grow old as long as we strive to improve ourselves.
Analyze the factors determining household consumption and firm investment. Learn from the Absolute Income Hypothesis to the Permanent Income Hypothesis and Tobin's q theory.
Learn the IS-LM model, which represents the simultaneous equilibrium of the product and money markets, and through it, master the principles of Aggregate Demand (AD) and Aggregate Supply (AS).
Analyze the causes of unemployment and inflation, the two major challenges of macroeconomics, and study the Phillips curve, which represents the relationship between them.
Analyze the causes of short-term business cycles and the drivers of long-term economic growth. Focus on the role of capital accumulation and technological progress in the Solow growth model.
Discuss the policy debates over whether government intervention is necessary. Analyze rational expectations, Ricardian Equivalence, and the difference between rules and discretion.
Study the principles of international trade through comparative advantage and exchange rate determination mechanisms, and summarize macroeconomic policies in an open economy.
We analyze various theories that regulate consumption, including the absolute income hypothesis, relative income hypothesis, permanent income hypothesis, and life cycle hypothesis. It addresses liq...
We analyze the investment decision principles of companies through present value method, marginal efficiency theory, and Tobin's q theory. We cover acceleration principles and flexible acceleration...
The relative effectiveness of fiscal and monetary policies is analyzed from the perspective of each school (Keynes vs. classical). It addresses liquidity traps and whether full employment equilibri...
The relationship between prices and national income is analyzed through aggregate demand and aggregate supply curves. Covers differences in the shape of short- and long-term aggregate supply curves...