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Concept
New Classical Economics
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Summary
New Classical Economics
is like a
Big Idea
that says people make
Smart choices
with their money because they know a lot about what might happen. It also believes that things like prices and jobs will
Fix themselves
if we just
Let them be free
and not try to
Change them too much
.
Concepts
Rational Expectations
Market Equilibrium
Supply And Demand
Economic Efficiency
Monetary Policy
Microfoundations
Lucas Critique
Real Business Cycle Theory
Rational Expectations Theory
Relevant Degrees
Economic Theory and Concepts 67%
History of Economic Thought 33%
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