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Problem Set 4: Econ 101b: Fall 2005
Lecture: October 10: The Phillips Curve, Expectations, and Monetary Policy

Lecture: October 7: Optional: The Money Market and the LM Curve

  • Optional: The money market and the LM curve
    • The money market and the money stock
      • Wealth, bonds, and the demand for money
      • Money supply
      • Money supply and money demand
        • Liquidity preference and the quantity theory of money: what's the relation? 8 Bond prices and interest rates
    • The LM curve
      • Interest rates and the LM curve
      • Drawing the LM curve
      • When is the LM curve relevant
        • When central banks are passive--or target money stocks
        • When the supply of money is given--as under a gold standard
    • The IS-LM framework
      • IS-LM equilibrium
      • IS shocks
      • LM shocks
      • Classifying disturbances
  • Optional: Aggregate supply and aggregate demand
    • The price level and aggregate demand
    • The price level and aggregate supply
    • Prices: stuck? sticky? flexible?
    • The AS-AD diagram
      • Understanding demand and supply shocks

October 13, 2005 at 21:00 in Econ 101b Fall 2005, Econ 101b Fall 2005 Lectures |