{"id":443,"date":"2015-05-05T03:57:00","date_gmt":"2015-05-05T03:57:00","guid":{"rendered":"https:\/\/courses.candelalearning.com\/masterymacro1xngcxmaster\/?post_type=chapter&#038;p=443"},"modified":"2015-07-17T01:58:54","modified_gmt":"2015-07-17T01:58:54","slug":"learning-objective-neoclassical-economics","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/suny-hccc-macroeconomics\/chapter\/learning-objective-neoclassical-economics\/","title":{"raw":"Outcome: Neoclassical Economics and the AD-AS Model","rendered":"Outcome: Neoclassical Economics and the AD-AS Model"},"content":{"raw":"<h2>What you'll learn to do:\u00a0understand the tenets of Neoclassical Economics<\/h2>\r\nIn this section, you\u00a0will learn about the foundational concept of Neoclassical economics and Say's Law. You'll also learn to analyze aggregate demand\u00a0and supply\u00a0through the 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 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 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:\u00a0understand the tenets of Neoclassical Economics<\/h2>\n<p>In this section, you\u00a0will learn about the foundational concept of Neoclassical economics and Say&#8217;s Law. You&#8217;ll also learn to analyze aggregate demand\u00a0and supply\u00a0through the 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 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 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\n\t\t\t <section class=\"citations-section\" role=\"contentinfo\">\n\t\t\t <h3>Candela Citations<\/h3>\n\t\t\t\t\t <div>\n\t\t\t\t\t\t <div id=\"citation-list-443\">\n\t\t\t\t\t\t\t <div class=\"licensing\"><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Original<\/div><ul class=\"citation-list\"><li><strong>Authored by<\/strong>: Steven Greenlaw and Lumen Learning. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/licenses\/by\/4.0\/\">CC BY: Attribution<\/a><\/em><\/li><\/ul><\/div>\n\t\t\t\t\t\t <\/div>\n\t\t\t\t\t <\/div>\n\t\t\t <\/section>","protected":false},"author":74,"menu_order":15,"template":"","meta":{"_candela_citation":"[{\"type\":\"original\",\"description\":\"\",\"author\":\"Steven Greenlaw and Lumen Learning\",\"organization\":\"\",\"url\":\"\",\"project\":\"\",\"license\":\"cc-by\",\"license_terms\":\"\"}]","CANDELA_OUTCOMES_GUID":"4c4fee36-4952-4ccf-b205-318ae7a056c3, 23caeab2-8226-446d-b366-df862caf31e5, 6a9d4573-8d25-4880-9a20-74ebb99fdad0","pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-443","chapter","type-chapter","status-publish","hentry"],"part":186,"_links":{"self":[{"href":"https:\/\/courses.lumenlearning.com\/suny-hccc-macroeconomics\/wp-json\/pressbooks\/v2\/chapters\/443","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/courses.lumenlearning.com\/suny-hccc-macroeconomics\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/courses.lumenlearning.com\/suny-hccc-macroeconomics\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/suny-hccc-macroeconomics\/wp-json\/wp\/v2\/users\/74"}],"version-history":[{"count":19,"href":"https:\/\/courses.lumenlearning.com\/suny-hccc-macroeconomics\/wp-json\/pressbooks\/v2\/chapters\/443\/revisions"}],"predecessor-version":[{"id":3231,"href":"https:\/\/courses.lumenlearning.com\/suny-hccc-macroeconomics\/wp-json\/pressbooks\/v2\/chapters\/443\/revisions\/3231"}],"part":[{"href":"https:\/\/courses.lumenlearning.com\/suny-hccc-macroeconomics\/wp-json\/pressbooks\/v2\/parts\/186"}],"metadata":[{"href":"https:\/\/courses.lumenlearning.com\/suny-hccc-macroeconomics\/wp-json\/pressbooks\/v2\/chapters\/443\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/courses.lumenlearning.com\/suny-hccc-macroeconomics\/wp-json\/wp\/v2\/media?parent=443"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/suny-hccc-macroeconomics\/wp-json\/pressbooks\/v2\/chapter-type?post=443"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/suny-hccc-macroeconomics\/wp-json\/wp\/v2\/contributor?post=443"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/suny-hccc-macroeconomics\/wp-json\/wp\/v2\/license?post=443"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}