Y1 - Macroeconomics 1

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Lectures

Week 4

Universiteit van Amsterdam · Economics and Business Economics

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Lecture 4A: Unemployment
A model for the natural unemployment rate.
Frictional unemployment
Structural unemployment
The rise in European Unemployment
Lecture 4B: Introduction to Neoclassical Business Cycle Theory
Neoclassical business cycle theory:
Two Keynesian building blocks:
The IS-LM model
The Mundell-Fleming model:
The AD-AS model (dynamic model of aggregate demand and aggregate supply):

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