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ECS1601

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University Of South Africa (Unisa)
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ECS1601 - Economics IB (ECS1601)
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ECS1601

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Introduction to Keynesian theory
and Keynesian Economic Policies
Engelbert Stockhammer
Kingston University

,Outline

• foundations
• Fundamental uncertainty
• Social conflict
• Effective demand
• Macroeconomics
• Investment → savings
• Involuntary unemployment
• Credit → money
• Financial instability
• Context: Synthesis and New Keynesians
• Economic Policy

, Post Keynesian Economics


Effective
demand



Fundamental Social
uncertainty conflict

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