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Eco 242
Macroeconomic Theory and Policy

Eshragh Motahar
Winter 2019

Office Hours:  Tuesdays and Thursdays 4:00-5:00, and by appointment.  Telephone:  388-6065.  E-mail:  motahare@union.edu
 

 

From the Short to the Medium Run

The IS-LM Model and the Phillips Curve
• The IS-LM Model revisited

• Dynamics of the medium-run equilibrium

• Fiscal and Monetary Policy in the Short Run and in the Medium Run

• The consequences of oil shocks
 

  Check the summary and key terms at the end of each chapter. Also, do the problems and questions at the end of each chapter.
 

Reading Assignment

Textbook and MyEconLab: Chapter 9.  Please note that ALL of the material in these two chapters is required.  However, you may skip question 9 on p. 196.

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