Y1 - Macroeconomics 1

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Lectures

Week 2

Universiteit van Amsterdam · Economics and Business Economics

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Lecture 2A
Classical theory – introduction
Circular flow models
Money and Inflation
Circular flow model for a closed economy
How does the economy converge to an equilibrium?
Applications
Lecture 2B
Circular flow model for a small open economy
The exchange rate
The model
Applications

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