{"id":445,"date":"2015-05-05T03:58:09","date_gmt":"2015-05-05T03:58:09","guid":{"rendered":"https:\/\/courses.candelalearning.com\/masterymacro1xngcxmaster\/?post_type=chapter&#038;p=445"},"modified":"2015-07-16T03:25:50","modified_gmt":"2015-07-16T03:25:50","slug":"learning-objective-keynesian-economics","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/suny-macroeconomics\/chapter\/learning-objective-keynesian-economics\/","title":{"raw":"Outcome: Keynesian Economics and the AD-AS Model","rendered":"Outcome: Keynesian Economics and the AD-AS Model"},"content":{"raw":"<h2>What you'll learn to do:\u00a0understand the tenets of Keynesian Economics and apply the tenets through the aggregate demand\u00a0and supply\u00a0model<\/h2>\r\nIn this section, you\u00a0will learn about the basics behind Keynesian Economics and analyze the AD\/AS model\u00a0through the lens of the Keynesian\u00a0perspective.\r\n\r\nThe specific things you\u2019ll learn in this section include:\r\n<ul>\r\n\t<li>Identify the Keynesian portion of the AS curve and explain the logic for it<\/li>\r\n\t<li>Use the Income-Expenditure model to explain periods of recession and expansion<\/li>\r\n\t<li>Find the GDP Gap (negative or positive)<\/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 Keynesian Perspective<\/li>\r\n\t<li>Reading: Keynes' Law and\u00a0Demand<\/li>\r\n\t<li>Reading: Aggregate Demand in Keynesian Analysis<\/li>\r\n\t<li>Reading: The Building Blocks of Keynesian Analysis<\/li>\r\n\t<li>Self Check: The Keynesian Perspective<\/li>\r\n\t<li>Reading: \u00a0The GDP Gap<\/li>\r\n\t<li>Self Check: The GDP Gap<\/li>\r\n\t<li>Reading: \u00a0The Phillips Curve<\/li>\r\n\t<li>Self Check: The Keynesian Portion of the AS Curve<\/li>\r\n\t<li>Reading: The Keynesian Perspective on Market Forces<\/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 Keynesian Economics and apply the tenets through the aggregate demand\u00a0and supply\u00a0model<\/h2>\n<p>In this section, you\u00a0will learn about the basics behind Keynesian Economics and analyze the AD\/AS model\u00a0through the lens of the Keynesian\u00a0perspective.<\/p>\n<p>The specific things you\u2019ll learn in this section include:<\/p>\n<ul>\n<li>Identify the Keynesian portion of the AS curve and explain the logic for it<\/li>\n<li>Use the Income-Expenditure model to explain periods of recession and expansion<\/li>\n<li>Find the GDP Gap (negative or positive)<\/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 Keynesian Perspective<\/li>\n<li>Reading: Keynes&#8217; Law and\u00a0Demand<\/li>\n<li>Reading: Aggregate Demand in Keynesian Analysis<\/li>\n<li>Reading: The Building Blocks of Keynesian Analysis<\/li>\n<li>Self Check: The Keynesian Perspective<\/li>\n<li>Reading: \u00a0The GDP Gap<\/li>\n<li>Self Check: The GDP Gap<\/li>\n<li>Reading: \u00a0The Phillips Curve<\/li>\n<li>Self Check: The Keynesian Portion of the AS Curve<\/li>\n<li>Reading: The Keynesian Perspective on Market Forces<\/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-445\">\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":2,"template":"","meta":{"_candela_citation":"[{\"type\":\"original\",\"description\":\"\",\"author\":\"Steven Greenlaw and Lumen Learning\",\"organization\":\"\",\"url\":\"\",\"project\":\"\",\"license\":\"cc-by\",\"license_terms\":\"\"}]","CANDELA_OUTCOMES_GUID":"661df19b-6b5d-42b1-8dae-121402aba150, 23caeab2-8226-446d-b366-df862caf31e5","pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-445","chapter","type-chapter","status-publish","hentry"],"part":186,"_links":{"self":[{"href":"https:\/\/courses.lumenlearning.com\/suny-macroeconomics\/wp-json\/pressbooks\/v2\/chapters\/445","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/courses.lumenlearning.com\/suny-macroeconomics\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/courses.lumenlearning.com\/suny-macroeconomics\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/suny-macroeconomics\/wp-json\/wp\/v2\/users\/74"}],"version-history":[{"count":19,"href":"https:\/\/courses.lumenlearning.com\/suny-macroeconomics\/wp-json\/pressbooks\/v2\/chapters\/445\/revisions"}],"predecessor-version":[{"id":3199,"href":"https:\/\/courses.lumenlearning.com\/suny-macroeconomics\/wp-json\/pressbooks\/v2\/chapters\/445\/revisions\/3199"}],"part":[{"href":"https:\/\/courses.lumenlearning.com\/suny-macroeconomics\/wp-json\/pressbooks\/v2\/parts\/186"}],"metadata":[{"href":"https:\/\/courses.lumenlearning.com\/suny-macroeconomics\/wp-json\/pressbooks\/v2\/chapters\/445\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/courses.lumenlearning.com\/suny-macroeconomics\/wp-json\/wp\/v2\/media?parent=445"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/suny-macroeconomics\/wp-json\/pressbooks\/v2\/chapter-type?post=445"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/suny-macroeconomics\/wp-json\/wp\/v2\/contributor?post=445"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/suny-macroeconomics\/wp-json\/wp\/v2\/license?post=445"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}