Economics 144 Test 3 and Exam Video Classes

Monetary Policy (Chapter 10)

  • The money market
  • Transmission mechanisms
  • The Monetarist transmission mechanism
  • The Keynesian transmission mechanism
  • The Keynesian transmission mechanism may be blocked
  • Interest rate insensitive investment
  • The liquidity trap
  • Monetary Policy
  • Expansionary monetary policy
  • Contractionary monetary policy
  • The Activist vs. Nonactivist monetary policy

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Expectations Theory (Chapter 11)

  • The Phillips Curve
  • Adaptive expectations and Friedman`s Natural Rate Theory
  • Rational expectations and New Classical Theory
  • Policy correctly anticipated: Policy Ineffectiveness Proposition (PIP)
  • Policy incorrectly anticipated: bias upward
  • Policy incorrectly anticipated: bias downward
  • Rational expectations and New Keynesian Theory

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Economic Growth: Resources, Technology, Ideas, and Institutions (Chapter 12)

  • The Production Function
  • The Neoclassical Growth Theory vs. New Growth Theory
  • Economic Growth Factors in South Africa

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International Trade (Chapter 16)

  • Comparative Advantage
  • Terms of Trade
  • Trade Restrictions
  • The distributional Effect of Trade Restrictions
  • Arguments in favour of Trade Restrictions

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International Finance (Chapter 17)

  • The Balance of Payments
  • The Foreign Exchange Market
  • Flexible Exchange Rates and factors that affect the Equilibrium Exchange Rate.

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