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Macroeconomics Commons

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Full-Text Articles in Macroeconomics

Introducing Students To The Competing Schools Of Thought In Intermediate Macroeconomics, Harlan M. Smith Ii Mar 2013

Introducing Students To The Competing Schools Of Thought In Intermediate Macroeconomics, Harlan M. Smith Ii

Harlan M. Smith

The article discusses how the intermediate macroeconomics instructor can introduce students to ways of old and new Keynesians and classical theorists addressed the question on why output and employment fluctuate. Keynesian macroeconomics characterizes a school of thought developed around two central prepositions. New Keynesians develop alternative ways of explaining short-run movements in output and employment in the early 1970's. All individuals maximize utility, firm maximizes profits. Recently, new classicals developed an alternative approach in explaining short-run fluctuation in employment and output by redefining the concept of the short run.


Introducing Students To The Competing Schools Of Thought In Intermediate Macroeconomics, Harlan M. Smith Ii Jul 1997

Introducing Students To The Competing Schools Of Thought In Intermediate Macroeconomics, Harlan M. Smith Ii

Economics Faculty Research

The article discusses how the intermediate macroeconomics instructor can introduce students to ways of old and new Keynesians and classical theorists addressed the question on why output and employment fluctuate. Keynesian macroeconomics characterizes a school of thought developed around two central prepositions. New Keynesians develop alternative ways of explaining short-run movements in output and employment in the early 1970's. All individuals maximize utility, firm maximizes profits. Recently, new classicals developed an alternative approach in explaining short-run fluctuation in employment and output by redefining the concept of the short run.


Evaluation Of Price Control And Price Intelligence Agency At Work, F. U. Ezeuduji Sep 1978

Evaluation Of Price Control And Price Intelligence Agency At Work, F. U. Ezeuduji

Bullion

This paper evaluates the effectiveness of price regulation in Nigeria and the role played by Price Intelligence Agency. it also provides some that a new body should be given the poranr and hecessary fund not only to study the price structure and price movements an the economy but also to study the supply and demand potentials in the economy with a view to forecasting the demand and supply position to be expected in the near future.