Peer reviewedERIC Number: EJ670546
Record Type: Journal
Publication Date: 2001
Pages: N/A
Abstractor: N/A
ISBN: N/A
ISSN: ISSN-0022-0485
EISSN: N/A
Oil-Price Shocks: Beyond Standard Aggregate Demand/Aggregate Supply Analysis.
Elwood, S. Kirk
Journal of Economic Education, v32 n4 p381-86 Fall 2001
Explores the problems of portraying oil-price shocks using the aggregate demand/aggregate supply model. Presents a simple modification of the model that differentiates between production and absorption of goods, which enables it to better reflect the effects of oil-price shocks on open economies. (RLH)
Descriptors: Economics Education, Higher Education, Imports, Macroeconomics, Models, Supply and Demand, Teaching Methods
Publication Type: Journal Articles; Reports - Descriptive
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Grant or Contract Numbers: N/A
