{"id":457,"date":"2015-05-05T03:57:00","date_gmt":"2015-05-05T03:57:00","guid":{"rendered":"https:\/\/pressbooks.ccconline.org\/accmacro\/chapter\/learning-objective-neoclassical-economics\/"},"modified":"2023-07-25T20:57:44","modified_gmt":"2023-07-25T20:57:44","slug":"learning-objective-neoclassical-economics","status":"publish","type":"chapter","link":"https:\/\/pressbooks.ccconline.org\/accmacro\/chapter\/learning-objective-neoclassical-economics\/","title":{"raw":"Outcome: Classical\/Neoclassical Economics and the AD-AS Model","rendered":"Outcome: Classical\/Neoclassical Economics and the AD-AS Model"},"content":{"raw":"<h2>What you'll learn to do: understand the tenets of Classical and Neoclassical Economics<\/h2>\r\nIn this section, you will learn about the foundational concept of the Classical model with Say's law that leads to Neoclassical economics. You'll also learn to analyze aggregate demand and supply through the Classical\/Neoclassical perspective.\r\n\r\nHere are some\u00a0of the\u00a0specific things you\u2019ll learn to do in this section:\r\n<ul>\r\n \t<li>Identify the Classical\/Neoclassical portion of the AS curve and explain the logic for it<\/li>\r\n \t<li>Differentiate between the long run and short run aggregate supply curves<\/li>\r\n<\/ul>\r\n<h3>LEARNING ACTIVITIES<\/h3>\r\nThe learning activities for this section include:\r\n<ul>\r\n \t<li>Reading: Introduction to the Classical\/Neoclassical Perspective<\/li>\r\n \t<li>Reading: Say\u2019s Law and the Macroeconomics of Supply<\/li>\r\n \t<li>Reading: The Neoclassical Perspective and Aggregate Demand and Supply<\/li>\r\n \t<li>Reading: The Neoclassical Perspective and Flexible Prices<\/li>\r\n \t<li>Self Check: The Neoclassical Perspective<\/li>\r\n<\/ul>\r\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: understand the tenets of Classical and Neoclassical Economics<\/h2>\n<p>In this section, you will learn about the foundational concept of the Classical model with Say&#8217;s law that leads to Neoclassical economics. You&#8217;ll also learn to analyze aggregate demand and supply through the Classical\/Neoclassical perspective.<\/p>\n<p>Here are some\u00a0of the\u00a0specific things you\u2019ll learn to do in this section:<\/p>\n<ul>\n<li>Identify the Classical\/Neoclassical portion of the AS curve and explain the logic for it<\/li>\n<li>Differentiate between the long run and short run aggregate supply curves<\/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 Classical\/Neoclassical Perspective<\/li>\n<li>Reading: Say\u2019s Law and the Macroeconomics of Supply<\/li>\n<li>Reading: The Neoclassical Perspective and Aggregate Demand and Supply<\/li>\n<li>Reading: The Neoclassical Perspective and Flexible Prices<\/li>\n<li>Self Check: The Neoclassical Perspective<\/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":2,"template":"","meta":{"pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-457","chapter","type-chapter","status-publish","hentry"],"part":769,"_links":{"self":[{"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/chapters\/457","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":4,"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/chapters\/457\/revisions"}],"predecessor-version":[{"id":835,"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/chapters\/457\/revisions\/835"}],"part":[{"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/parts\/769"}],"metadata":[{"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/chapters\/457\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/wp\/v2\/media?parent=457"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/chapter-type?post=457"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/wp\/v2\/contributor?post=457"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/wp\/v2\/license?post=457"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}