Before Class on Tuesday, 10/26
Read: The Economy, Sections 14.1, 14.2, & 14,3
Watch (9:19): Khan (2013)
In Class
Slides: Keynesian Cross
Before Class on Thursday, 10/28
have done or attempted all of Weekly Review 8
In Class
Sequiera, Robbie. (2021). “How stimulus might not be enough to help poor or economy.” The Gainesville Times. 10 March.
Material Links
The CORE Program. (2021). “Unemployment and Fiscal Policy: the transmission of shocks, the multiplier process'” The Economy. https://www.core-econ.org/the-economy/book/text/14.html#141-the-transmission-of-shocks-the-multiplier-process
“The multiplier model” https://www.core-econ.org/the-economy/book/text/14.html#141-the-transmission-of-shocks-the-multiplier-process
“Target household wealth, collateral, and consumption spending,” https://www.core-econ.org/the-economy/book/text/14.html#143-household-target-wealth-collateral-and-consumption-spending
Khan, Sal. (2013) “Keynesian Cross.” Khan Academy. https://www.khanacademy.org/economics-finance-domain/macroeconomics/income-and-expenditure-topic/macroeconomics-the-keynesian-cross/v/keynesian-cross
) The author talked about how the more we get paid, the more we tend to use use our money. Do you agree or disagree and why?
2. a piece of information that I learned is that “if target wealth is above expected wealth then the household will increase savings and decrease consumption but if the target wealth is below expected wealth then the household will decrease savings and increase consumption.
3. I didn’t really have a favorite or a least favorite part