This week we looked into solving the SIM model by hand, and looking at the Keynesian Multiplier in the Process. The handouts from today are available for download below:
EC6012 Lecture 5_sildes_handout.pdf
EC6012_L5_numerical_example.jpg
For next week: we'll finish off Dynamics in the SIM model, and move onto chapter 4 of GL. You should read chapter 4 before the lecture. I'll also be handing out sample exams.