Peer reviewedERIC Number: EJ533345
Record Type: Journal
Publication Date: 1996
Pages: N/A
Abstractor: N/A
ISBN: N/A
ISSN: ISSN-0022-0485
EISSN: N/A
Available Date: N/A
Textbook Treatments of the Financial Market in the IS-LM Model.
Barron, John M.; Lowenstein, Mark A.
Journal of Economic Education, v27 n2 p156-69 Spr 1996
Criticizes the beginning of period version of the IS-LM model found in most textbooks. Argues that this model fails to capture the effects of the issuance of financial assets to finance current investment spending by firms and current deficit spending by the government. Recommends an end-of- period model. (MJP)
Descriptors: Academic Education, Banking, Causal Models, Economic Factors, Economic Research, Economics, Economics Education, Educational Objectives, Higher Education, Instructional Effectiveness, Instructional Improvement, Investment, Macroeconomics, Teaching Methods, Textbook Content, Theory Practice Relationship
Publication Type: Reports - Descriptive; Journal Articles
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Grant or Contract Numbers: N/A
Author Affiliations: N/A
