Sample Essays & Free Papers For You

A reliable academic resource for high school and college students.
Essay database with free papers will provide you with original and creative ideas.

IS, LM model and explanations(in the form of an essay).

Date Submitted: 09/09/2006 22:32:37
Category: / Social Sciences / Economics
Length: 5 pages (1410 words)
Views: 39196

Essay topic1. Introduction: During the years after World War II, the development of the IS-LM model took several directions. Probably, the most prominent ideas on that theory were expressed in the work of John Hicks called "Mr. Keynes and the Classics". The model expressed in the article was largely based on the works of John Maynard Keynes and became a widely accepted as the alternative framework to standard Keynesian analysis. The IS-LM model is a …

Is this essay helpful? Join now to read this particular paper and access over 480,000 just like it!

…into account in order to make the model more accurate. Nevertheless, John Hicks framework is still unquestionably one of the greatest contributions to the modern economic science and an extremely useful tool for the fiscal and monetary policy analysis. References: 1.<Tab/>Richard T. Froyen, 2002, "Macroeconomics: Theories and Policies", chapters 5,6 and 7. 2.<Tab/>Stephen Pattern, 2002, economics notes, IS-LM framework analysis. 3.<Tab/>Sloman, J, "Economics", chapters 16,17.

Need a unique paper?