AS-AD Model Part 1: Aggregate Supply and Aggregate Demand Curves

The AS-AD (aggregate supply and aggregate demand) model has long been one of the workhorse models in undergraduate macroeconomics. In this video, I show how it can be motivated by i) aggregating over individual markets and ii) via the IS-LM model and the Phillips curve.
For adjustments dynamics from the short-run equilibrium to the medium-run equilibrium and for policy analysis within the AS-AD model, please refer to part 2 of the lecture:
• AS-AD Model Part 2: Po...

[@Mood-uy8vh]

Please more videos , ❤❤❤ whole macroeconomics and microeconomics topics . I love the way how you teach 😊 it’s from books Oliver Blanchard , David 🫶🫶🫶 thank u a lot for your works ❤

[@KlausPrettner]

Thank you very much for your positive feedback! I am glad you like the lectures and will do my best to keep posting videos regularly.