Introduction
In this lecture, we'll finish off the PC model and extend it's solution set to include expectations. What we are left with is the workhorse model of structuralist macroeconomics, onto which we can bolt on many other things, including an open economy, a growing economy, and a welfare economy.
Length: 1.5 hours.
Click the link below to download slides, handouts, and get links to further reading.
Slides
Handouts
Further Reading
Godley and Lavoie, Chapter 6.