- Unit 1A: Basic Economic Concepts
- Unit 1B: Introduction to Trade
- Unit 2A: Measuring the Economy: Economic Goals
- Unit 2B: Aggregate Expenditures Model
- Unit 2C: Aggregate Demand-Aggregate Supply Model
- Unit 3: Money & Banking
- Unit 4: Long-Run Considerations
Unit 2C: Aggregate Demand & Aggregate Supply
It is now time to add a little more reality to our model of the Aggregate Economy (but not too much reality). In the AD-AS model we will add back the price level. We will now look at what impact changes in Aggregate Expenditures will have not just on output (Real GDP) but how will impact inflation!
Online Textbook Resources
Unfortunately, due to the age of the textbook, the publisher has removed all online content associated with our textbook. While we will use the book as an important source, the links given therein are no loner functioning. As a result, I will look online for other sources related to the topics in our text. Likewise, I encourage you to let me know of any useful websites that you come across in your studies so that I may add them to the site and share with everyone.
Online notes/summary of the McConnell & Brue 15th edition.
Link to Quizlet! Vocabulary is the key to understanding any subject. Once you can break down the barrier of language the ideas and concepts are wide open. Here you can find the vocabulary for the unit to practice by using online flash cards and by practicing online generated vocabulary quizzes.