Re: aggregate supply

Shirley (SGEDEON%UVMVM.BITNET@mitvma.mit.edu)
Thu, 08 Apr 93 21:01:17 EST

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I have found it to be very confusing for introductory students to jump from cha
pters on supply and demand curves to aggregate demand and supply curves then to
chapters on upward sloping consumption functions and the Keynesian cross diagr
ams. They don't understand why aggregate demand curves slope downward but aggr
egate expenditure upward. For the past several years I have skipped the chapte
rs in Kohler and McConnell on AD/AS analysis until after I have generated the K
eynesian cross analysis. After the multipliers and money & banking chapters, I
then put prices into the Keynesian cross analysis, generate the downward slopi
ng Aggregate Demand curve and discuss macroeconomic policies utilizing the AD/A
S analysis. It then becomes a full review of the course.

Are there any other suggestions as to how to handle this? Shirley Gedeon

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Maybe in reply to: Paul G. Straub: "aggregate supply"
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