Basic model of income determination and extension from a simple closed economy to a four-sector economy with the derivation of the multipliers. Detailed theories of consumption (KIH, RIH, PIH & LCH) and investment (Accelerator theories, MEC, MEI, Profit Theory, Profit & Residual, Cash Flow and many others), (including under conditions of uncertainly) of the classical, Neo-Classical, Keynesian and Post-Keynesian economists; and the relevance of the theories to emerging and developing countries.
ESUT B.Sc. Economics · 400 Level, First Semester · 2 units. Course pack developed with IntelliScan Standards Institute; reviewed and signed off by the ESUT Course Lead.
- Teacher: Chidera Eze