An economic concept introduced by John Maynard Keynes that refers to the instincts and emotions that influence human behavior in economic decision-making.
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.
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.
Understanding the concept of the marginal efficiency of investment (MEI), its historical context, major analytical frameworks, and practical applications.
An examination of the natural rate of unemployment, its definition, historical context, and analytical frameworks in various economic schools of thought.