Keynesian Economics

Overfull Employment
Understanding the concept of overfull employment and its implications in economics
Overheating
An examination of overheating in economic terms, primarily from a Keynesian perspective.
animal spirits - Definition and Meaning
An economic concept introduced by John Maynard Keynes that refers to the instincts and emotions that influence human behavior in economic decision-making.
Asset Motive
The incentive to hold money as a store of value based on economic conditions.
Classical Dichotomy
An examination of the classical dichotomy in economic theory, exploring its fundamental meaning, historical development, and analytical frameworks.
Demand for Money
A comprehensive overview of the demand for money in economics, including its motives and factors.
Demand Management
The use of monetary and fiscal policy to influence the level of aggregate real effective demand in the economy.
Demand-Deficiency Unemployment
A form of unemployment resulting from inadequate aggregate demand, leading to insufficient job creation in the economy.
Effective Demand
An economic concept representing the planned expenditure by people who have the means to pay.
Fixprice
An economic model where prices are fixed in the short run, allowing quantities to adjust faster than prices.
IS Curve
The IS curve depicts combinations of interest rates and national income where ex ante savings and investment are equal, reflecting product market equilibrium in Keynesian economics.
IS–LM model: Definition and Meaning
The IS–LM model is a foundational concept in Keynesian economics, representing equilibrium in the commodity and money markets to analyze the effects of various economic policies.
Keynesian Economics
An economic theory focusing on the role of aggregate demand in influencing economic outcomes, developed by John Maynard Keynes in the 1930s.
LM Curve
An introduction to the LM curve, a Keynesian economics concept representing money market equilibrium
Marginal Efficiency of Investment (MEI)
Understanding the concept of the marginal efficiency of investment (MEI), its historical context, major analytical frameworks, and practical applications.
Multiplier
An economics term relating an initial change in spending to the total change in economic activity which results.
Natural Rate of Unemployment
An examination of the natural rate of unemployment, its definition, historical context, and analytical frameworks in various economic schools of thought.
Real Balance Effect
The effect on spending of changes in the real value of money balances, influencing inflation and savings behavior.
Stop–Go Cycle
A sequence of alternations of official policy between expanding and contracting effective demand within Keynesian economics.