Macroeconomics: The IS-LM Model
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Macroeconomics: The IS-LM Model

A guide to understand and formulate economic policies
4.6 (5 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
708 students enrolled
Created by Abdullahil Mamun
Last updated 1/2017
English
Current price: $10 Original price: $30 Discount: 67% off
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Includes:
  • 1 hour on-demand video
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Construct the IS-LM model
  • Use the model in interpreting various policy effects on economy
  • Formulate macroeconomic policy suggestions
View Curriculum
Requirements
  • Basic concepts of macroeconomics
Description

The course ‘Macroeconomics: The IS-LM Model’ will offer a detail outline of various components of an economy. It will also help understand the effects of various policy measures taken by governments and central banks on an economy.

The course is divided into four sections-

In section A, an overview of the economy with special reference to goods and asset markets will be presented to make the learners familiar with the components that constitute an economy. Different components of aggregate demand, determination of national income in the Keynesian framework, various motives for money demand, money supply and determination of interest rate in the money market will be discussed in detail.

Section B defines and derives both IS & LM curves and thereby introduces goods and money markets in technical way. It also explains the effects of possible changes in goods and money markets on IS and LM curve.

In section C, learners will be familiar with demand management policies and their effects on IS and LM curves.

And in the final section, that is, in section D, simultaneous equilibrium of an economy will be analysed along with the effects of fiscal and monetary policies that will equip the learners to evaluate the impacts of a particular policy measure on an economy and also make them able to formulate policy suggestions. 

Who is the target audience?
  • Students of both of economics and business will be benefited from the course
  • An easy going course for all
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Curriculum For This Course
20 Lectures
01:11:18
+
Section A
6 Lectures 23:03

Interdependence between goods and asset market

Preview 01:58

Introduction to goods market and its components

Overview of an Economy
02:52

Determination of equilibrium national income in the Keynesian model

Goods Market
04:35

Motives for money demand

Keynesian Model of Income Determination
04:50

Motives for money demand

Demand for Money
05:20

Determination of interest rate in the money market

Preview 03:28
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Section B
6 Lectures 22:42

Defining IS curve

Preview 03:54

Derivation of IS curve from goods market

Derivation of IS Curve
04:14

When does IS curve shift to right and when to left?

Shift in IS Curve
05:13

What does LM curve show?

LM Curve: Definition
03:25

How can we derive the LM curve?

Derivation of LM Curve
03:12

When does LM shift to left and when to right?

Shift in LM Curve
02:44
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Section C
5 Lectures 17:10

What is meant by Demand Management Policy?

Preview 01:11

Fiscal & Monetary Policies with their instruments

Fiscal & Monetary Policies
07:26

Fiscal policy and its effect on IS curve

Effects of Fiscal Policy on IS Curve
03:06

Role of monetary policy in determining interest rate

Monetary Policy and Interest rate Determination
02:15

Monetary policy and its effects on LM curve

Effect of Monetary Policy on LM Curve
03:12
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Section D
3 Lectures 08:23

Simultaneous equilibrium of the economy

Preview 02:43

Fiscal policy and its effect on equilibrium

Effects of Fiscal Policy on an Economy
03:20

Monetary policy and its effects on economy's equilibrium

Lecture 20: Effects of Monetary Policy on an Economy
02:20
About the Instructor
Abdullahil Mamun
3.9 Average rating
26 Reviews
2,650 Students
4 Courses
Academician

I am a practicing academician of Economics at IIUC and currently working as a fellow of the Scientific and Technological Research Council of Turkey (TUBITAK). I have more than 10 years of teaching experiences both at undergraduate (BBA) and post graduate (MBA) levels. I am extremely passionate in teaching and thus here to share my teaching experiences with students worldwide.