{"id":431,"date":"2015-05-05T03:58:09","date_gmt":"2015-05-05T03:58:09","guid":{"rendered":"https:\/\/pressbooks.ccconline.org\/accmacro\/chapter\/learning-objective-keynesian-economics\/"},"modified":"2023-07-14T19:07:44","modified_gmt":"2023-07-14T19:07:44","slug":"learning-objective-keynesian-economics","status":"publish","type":"chapter","link":"https:\/\/pressbooks.ccconline.org\/accmacro\/chapter\/learning-objective-keynesian-economics\/","title":{"raw":"Outcome: Keynesian Economics and the AD-AS Model","rendered":"Outcome: Keynesian Economics and the AD-AS Model"},"content":{"raw":"<h2>What you'll learn to do:\u00a0understand the tenets of Keynesian Economics and apply the tenets through the aggregate demand\u00a0and supply\u00a0model<\/h2>\nIn this section, you\u00a0will learn about the basics behind Keynesian Economics and analyze the AD\/AS model\u00a0through the lens of the Keynesian\u00a0perspective.\n\nThe specific things you\u2019ll learn in this section include:\n<ul>\n\t<li>Identify the Keynesian portion of the AS curve and explain the logic for it<\/li>\n\t<li>Use the Income-Expenditure model to explain periods of recession and expansion<\/li>\n\t<li>Find the GDP Gap (negative or positive)<\/li>\n<\/ul>\n<h3>LEARNING ACTIVITIES<\/h3>\nThe learning activities for this section include:\n<ul>\n\t<li>Reading: Introduction to the Keynesian Perspective<\/li>\n\t<li>Reading: Keynes' Law and\u00a0Demand<\/li>\n\t<li>Reading: Aggregate Demand in Keynesian Analysis<\/li>\n\t<li>Reading: The Building Blocks of Keynesian Analysis<\/li>\n\t<li>Self Check: The Keynesian Perspective<\/li>\n\t<li>Reading: \u00a0The GDP Gap<\/li>\n\t<li>Self Check: The GDP Gap<\/li>\n\t<li>Reading: \u00a0The Phillips Curve<\/li>\n\t<li>Self Check: The Keynesian Portion of the AS Curve<\/li>\n\t<li>Reading: The Keynesian Perspective on Market Forces<\/li>\n<\/ul>\nTake time to review and reflect on each of these activities in order to improve your performance on the assessment for this section.","rendered":"<h2>What you&#8217;ll learn to do:\u00a0understand the tenets of Keynesian Economics and apply the tenets through the aggregate demand\u00a0and supply\u00a0model<\/h2>\n<p>In this section, you\u00a0will learn about the basics behind Keynesian Economics and analyze the AD\/AS model\u00a0through the lens of the Keynesian\u00a0perspective.<\/p>\n<p>The specific things you\u2019ll learn in this section include:<\/p>\n<ul>\n<li>Identify the Keynesian portion of the AS curve and explain the logic for it<\/li>\n<li>Use the Income-Expenditure model to explain periods of recession and expansion<\/li>\n<li>Find the GDP Gap (negative or positive)<\/li>\n<\/ul>\n<h3>LEARNING ACTIVITIES<\/h3>\n<p>The learning activities for this section include:<\/p>\n<ul>\n<li>Reading: Introduction to the Keynesian Perspective<\/li>\n<li>Reading: Keynes&#8217; Law and\u00a0Demand<\/li>\n<li>Reading: Aggregate Demand in Keynesian Analysis<\/li>\n<li>Reading: The Building Blocks of Keynesian Analysis<\/li>\n<li>Self Check: The Keynesian Perspective<\/li>\n<li>Reading: \u00a0The GDP Gap<\/li>\n<li>Self Check: The GDP Gap<\/li>\n<li>Reading: \u00a0The Phillips Curve<\/li>\n<li>Self Check: The Keynesian Portion of the AS Curve<\/li>\n<li>Reading: The Keynesian Perspective on Market Forces<\/li>\n<\/ul>\n<p>Take time to review and reflect on each of these activities in order to improve your performance on the assessment for this section.<\/p>\n","protected":false},"author":32,"menu_order":214,"template":"","meta":{"pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-431","chapter","type-chapter","status-publish","hentry"],"part":428,"_links":{"self":[{"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/chapters\/431","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/wp\/v2\/users\/32"}],"version-history":[{"count":1,"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/chapters\/431\/revisions"}],"predecessor-version":[{"id":432,"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/chapters\/431\/revisions\/432"}],"part":[{"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/parts\/428"}],"metadata":[{"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/chapters\/431\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/wp\/v2\/media?parent=431"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/chapter-type?post=431"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/wp\/v2\/contributor?post=431"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/wp\/v2\/license?post=431"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}