Keynesian approaches and IS-LM
The global Great Depression of the late 1920s and 1930s rocked the entire discipline of economics. This lead to a fundamental rethinking of some of the fundamental assumptions made about markets and price adjustments up to that point. In this unit, we explore one of the intellectual developments from this era that reshaped how many economists think about national income determination.
This course contains 4 segments:
The consumption function
The basis of the Keynesian model is the consumption function. Learn about the consumption function, and how to graph it, in this lesson.
The Keynesian cross
The Keynsesian cross builds on the consumption function to develop a model to explain business cycles. Learn about the Keynesian cross in this lesson.
IS-LM
The investment-savings, liquidity-money model (IS-LM) is a Keynesian model that illustrates the connection between the market for goods and the market for savings and money. Learn about the IS-LM model in this lesson.
Keynesian economics and its critiques
Learn about the Keynesian way of thinking about macroeconomic issues, and critiques of the Keynesian approach in this lesson.
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| Length | 4 segments |
| Starts | On Demand (Start anytime) |
| Cost | Free |
| From | Khan Academy |
| Download Videos | On all desktop and mobile devices |
| Language | English |
| Subjects | Business Social Sciences |
| Tags | Economics-Finance-Domain Macroeconomics |
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| Rating | Not enough ratings |
|---|---|
| Length | 4 segments |
| Starts | On Demand (Start anytime) |
| Cost | Free |
| From | Khan Academy |
| Download Videos | On all desktop and mobile devices |
| Language | English |
| Subjects | Business Social Sciences |
| Tags | Economics-Finance-Domain Macroeconomics |
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