Macroeconomics Models & Issues
William R. Parke
These pages present a view of macroeconomics organized around the debate between classical and Keynesian theories of business cycles, including the more modern new classical and new Keynesian refinements. The level of the discussion targets students in economics courses and visitors interested in economics.
Supplemental links encourage visitors to work interactively with classical and Keynesian models using the EconModel program. The EconModel software presents models graphically in a more sophisticated environment than is possible on web pages.
The header graphic is the U.S. unemployment rate with recessions shaded.