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. The advanced treatment of the IS-LM framework within
the context of government monetary and fiscal policies and in relation to
output, employment, prices and inflation.
- Teacher: Mustapha Adamu Zubairu