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1. Prepare a PowerPoint (PPT) Presentation with at least 5-7 slides

o Slide 1: TOPIC and Group member names and student numbers
o Slide 2: Learning outcomes/objectives
o Slides 3-5: Content
o Slide 6: Summary/Conclusion
o Slide 7: References (use Harvard referencing style)
2. Prepare 10 Multiple-Choice Questions (including the memorandum to the questions) – the question may comprise 5xMultiple-Choice Questions and 5xTrue/False Questions

Topic Groups
1 Chapter 18

18.1 The Keynesian model with a government
sector - Government spending (G)


2 Chapter 18

18.1 The Keynesian model with a government
sector - Taxes (T)


3 Chapter 18

18.1 The Keynesian model with a government
sector - The combined effect of the introduction of
government expenditure and taxes on the equilibrium
level of income - The Keynesian model with a government sector: a
summary


4 Chapter 18

18.2 Introducing the foreign sector into the
Keynesian model: the open economy - Exports (X)


5 Chapter 18

18.2 Introducing the foreign sector into the
Keynesian model: the open economy - Imports (Z)


6 Chapter 18

18.3 Factors that determine the size of the
multiplier





7 Chapter 19

19.1 The aggregate demand-aggregate supply
model - The aggregate demand curve - The slope of the AD curve
• The wealth effect
• The interest rate effect


2

8 Chapter 19

19.1 The aggregate demand-aggregate supply
model - The aggregate demand curve - The slope of the AD curve
• The international trade effect


9 Chapter 19

19.1 The aggregate demand-aggregate supply
model - The aggregate demand curve - The position of the AD curve


10 Chapter 19

19.1 The aggregate demand-aggregate supply
model - The aggregate supply curve - The slope of the short-run AS curve - The position of the AS curve - The long-run AS curve (LRAS)


11 Chapter 19

19.1 The aggregate demand-aggregate supply
model - The aggregate demand curve - Changes in aggregate demand


12 Chapter 19

19.1 The aggregate demand-aggregate supply
model - The aggregate demand curve - Changes in short-run aggregate supply


13 Chapter 19

19.2 The monetary transmission mechanism - The links between interest rates, investment
spending and the rest of the economy


14 Chapter 19

19.2 The monetary transmission mechanism - Other links between interest rates and the rest of
the economy
• The interest rate channel
• The exchange rate channel


15 Chapter 19


3

19.2 The monetary transmission mechanism - Other links between interest rates and the rest of
the economy
• The asset price channel
• The credit channel

16 Chapter 19

19.3 Monetary and fiscal policy in the AD-AS
framework - Expansionary and contractionary monetary and
fiscal policies - Monetary and fiscal policy lags
• The recognition lag


17 Chapter 19

19.3 Monetary and fiscal policy in the AD-AS
framework - Expansionary and contractionary monetary and
fiscal policies - Monetary and fiscal policy lags
• The decision lag


18 Chapter 19

19.3 Monetary and fiscal policy in the AD-AS
framework - Expansionary and contractionary monetary and
fiscal policies - Monetary and fiscal policy lags
• The implementation lag


19 Chapter 19

19.3 Monetary and fiscal policy in the AD-AS
framework - Expansionary and contractionary monetary and
fiscal policies - Monetary and fiscal policy lags
• The impact lag


20 Chapter 19

19.3 Monetary and fiscal policy in the AD-AS framework - Expansionary and contractionary monetary and
fiscal policies - The relative effectiveness of monetary and fiscal policy

1 answer

PowerPoint Presentation Outline on "The Keynesian Model and its Impacts"

Slide 1: Title Slide

  • Title: The Keynesian Model with Government and Foreign Sectors
  • Group Members:
    • Name 1, Student Number 1
    • Name 2, Student Number 2
    • Name 3, Student Number 3
    • Name 4, Student Number 4
  • Course Name/Code
  • Date

Slide 2: Learning Outcomes/Objectives

  • Understand the components of the Keynesian model, including government spending and taxes.
  • Analyze the impact of government expenditure and taxes on the equilibrium level of income.
  • Explore the effects of introducing the foreign sector into the Keynesian model.
  • Discuss the factors influencing the size of the multiplier in the economy.
  • Evaluate the aggregate demand and supply model and its implications for fiscal policy.

Slide 3: Government Spending (G) in the Keynesian Model

  • Definition of Government Spending
  • Role of Government Spending in Economic Activity
    • Stimulates demand and influences overall economic output
    • Multiplier effect of government spending
  • Example: Government investment in infrastructure leading to job creation

Slide 4: Taxes (T) in the Keynesian Model

  • Definition of Government Taxes
  • Effect of Taxes on Disposable Income and Consumption
    • Income tax tiers affecting consumer behavior
    • Relationship between taxes, consumption, and economic growth
  • Example: Tax cuts as a fiscal stimulus to boost spending

Slide 5: Combined Effects of G and T

  • Interaction of Government Spending and Taxes
  • Impact on Equilibrium Level of Income
    • How adjustments in G and T affect aggregate demand
  • Summary of Findings: Government budget balance and its implications

Slide 6: Summary/Conclusion

  • The Keynesian model highlights the significance of government intervention in managing economic fluctuations.
  • Both government spending and tax policy are essential tools for influencing income levels and economic stability.
  • Introduction of the foreign sector adds complexity to the Keynesian analysis, emphasizing the global interconnectedness of economies.
  • Understanding these dynamics is crucial for policymakers to foster sustainable economic growth.

Slide 7: References

Multiple-Choice Questions and Memorandum

  1. Question 1: What is the primary role of government spending in the Keynesian model?
    A) To decrease aggregate demand
    B) To stimulate economic growth
    C) To increase taxes
    D) To eliminate inflation

    Answer: B) To stimulate economic growth

  2. Question 2: In the Keynesian framework, what is the impact of increased taxes on consumer spending?
    A) It increases consumer spending
    B) It decreases consumer spending
    C) No impact on consumer spending
    D) It encourages savings

    Answer: B) It decreases consumer spending

  3. Question 3: Government expenditure has a multiplier effect on the economy. What does this mean?
    A) A decrease in productivity
    B) Increased overall spending due to an initial injection
    C) Reduced tax revenues
    D) Higher interest rates immediately

    Answer: B) Increased overall spending due to an initial injection

  4. Question 4: How do imports (Z) affect the Keynesian model?
    A) They increase aggregate demand
    B) They decrease aggregate demand
    C) They have no impact on the economy
    D) They stabilize currency

    Answer: B) They decrease aggregate demand

  5. Question 5: In an open economy, which of the following components is NOT included in the aggregate demand formula?
    A) Consumption
    B) Investment
    C) Imports
    D) Government Spending

    Answer: C) Imports

  1. Question 6: True or False: Higher government spending always leads to the same proportionate increase in equilibrium income.
    Answer: False

  2. Question 7: True or False: The Keynesian model predicts that reducing taxes will have a stimulative effect on the economy.
    Answer: True

  3. Question 8: True or False: The AD curve slopes downward due to the wealth effect and interest rate effect.
    Answer: True

  4. Question 9: True or False: The Keynesian multiplier effect is smaller in an open economy compared to a closed economy.
    Answer: True

  5. Question 10: True or False: In the Keynesian model, the position of the aggregate supply curve is fixed in the short run.
    Answer: False

This outline will help you create an engaging PowerPoint presentation and a set of quiz questions related to the Keynesian model. Adjust the content further based on specific group discussions and areas of focus.