Macro-Economics

GDP | Circular Flow of Income and Spending

This session will introduce you to the three major flows in the macro-economy to understand how different sectors of the economy interact:

• Income, Production& Spending 
• These three will be used to explain Gross Domestic Product (GDP)

Keynesian Models Part 1

This is the first part of a 5 part series on income determination using Keynesian models.

Keynesian Models Part 2

• Explore a closed economy with government involvement- No taxes yet- just an increase in autonomous spending
• Revisit Keynesian Models Part 1 first before attending to this session.

Keynesian Models Part 3

• In this part 3 of the income determination series, we introduce income taxes into our closed economy. 
• Now that the government takes a percentage of income, the multiplier changes.

Two approachs: (1) Marginal Propensity to Consume & (2) Summing marginal Propensity to Withraw.

Keynesian Models Part 5

• In  this part 5 of the income determination series, we factor in both autonomous and induced imports- those independent of income and those dependent on it.
• How changes in net imports affect equilibrium income
• Discussion of how savings, taxes and imports act as withdrawals or leakages from the economy.

The Monetary Sector Part 1

This session introduces you to the following;

• Understanding money's journey; What is money?
• Characteristics and Functions of money.

The monetary Sector Part 2

Aspects covered includes;

• Real vs Financial Sector
• Financial Intermediaries
• The Central Bank's Role

The monetary sector Part 3

• Keynes' Liquidity Preference Theory
• Motives for holding money
• Monetary Policy and Money Market Equilibrium