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Teaching Aggregate Demand and Supply Models

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Author Info

  • Wells, Graeme

    ()
    (School of Economics and Finance, University of Tasmania)

Abstract

This note analyses the inflation-targeting model that underlies recent textbook expositions of the Aggregate Demand-Aggregate Supply approach used in introductory courses in macroeconomics. The paper shows how numerical simulations of a model with inflation inertia can be used as a tool to help students understand adjustments in response to demand and supply shocks of various kinds.

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File URL: http://eprints.utas.edu.au/2173/
File Function: First version, 2007
Download Restriction: no

Bibliographic Info

Paper provided by University of Tasmania, School of Economics and Finance in its series Working Papers with number 2173.

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Length: 18 pages
Date of creation: Sep 2007
Date of revision: Sep 2007
Publication status: Published by University of Tasmania, School of Economics and Finance working paper put online Sept 3, 2007
Handle: RePEc:tas:wpaper:2173

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Postal: Private Bag 85, Hobart, Tasmania 7001
Phone: +61 3 6226 7672
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Web page: http://www.utas.edu.au/economics-finance/
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Related research

Keywords: economic modeling; econometrics; teaching methods; instructional materials;

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