Review an economics professor's lecture on extending the Keynesian model to include factors such as government purchases, taxes and deficit.
Learn about the Keynesian revolution and understand the school of thought's concept of money, uncertainty, aggregate demand and the multiplier.
Outlines Keynes' criticisms of the classical tenets and presents his views on aggregate demand and government spending.
Economics professor Roger Garrison discusses the Keynesian legacy and presents "myths" associated with the production possibilities frontier.
Critique of the Keynesian model discusses the financial gap, the lack of distinction between money and credit and focus on business investment.