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ECS1601 KEYNESIAN MODEL

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ECS1601 - Economics IB (ECS1601)
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KEYNESIAN MODEL

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Simple Keynesian model

Given =100million


=200 million


C=


Autonomous spending

Calculate the value of the multiplier

Equilibrium level of income



(a) Autonomous Spending
100million + 200 million=300 million
(b) Therefore 1st find the value of α (your multiplier) then multiply this by your total autonomous
components



α=



=



=


=5

(c) Now we can find equilibrium level of income



y= 5× [100million +200 million]

y = 1500million

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