IS and LM curves, their characteristics, and limitations to understand macroeconomic equilibrium in goods and money markets.

When presenting shifts in the IS and LM curves, instructors should explain the size of these shifts as measured both horizontally and vertically. Students will observe that the relationship between ...

The simplest large country IS/LM/BP model (Mundell-Fleming Model) predicts that an increase in Government spending in the US would cause an increase in Gross Domestic Product (GDP) for countries with ...