Economic theory, Microeconomics

Much of undergraduate macroeconomic theory is discussed on the assumption that, in the short run, the expectations of economic agents about the future values of macroeconomic variables are given. The rationale for this treatment of expectations in macroeconomic theory can be derived fiom Keynes' views on the nature of expectations, including his discussion in the General Theory. While Keynes' views on the nature of uncertainty and expectations form the basis for the writings of many Post-Keynesian economists, most of modern macroeconomic theory treats uncertainty and expectations in a radically different manner.

Posted Date: 4/3/2013 5:36:52 AM | Location : United States







Related Discussions:- Economic theory, Assignment Help, Ask Question on Economic theory, Get Answer, Expert's Help, Economic theory Discussions

Write discussion on Economic theory
Your posts are moderated
Related Questions
Measures used to restrict International Trade: These are taxes imposed on traded commodities as they cross national boarders. These are two main types of tariffs. An import ta

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

discuss how economic theory explains the optimum pattern of consumption of an individual consumer

Compare and contrast the different measures of revenue

how microeconomic issues maybe represented using production posibility curve

illustrate and explain the changing demand gor big Mac using the indifference curves and budget line

Average product and marginal product: Average product (AP) is the output per unit of the variable factor employed. In other words, it is the productivity of the variable facto

Using the key distinguishing features of any market structure describe the market structure for the South African mobile telecommunications industry


explain how microeconomic and macroeconomic issues may be represented using the production possibility curve