This text examines the economic consequences that there brought the war of independence of Peru in the short one and the long term. It examines which was the trend or economic cycle in the twilights of the colonial period, which were the costs of the war and which was the economic politics...

The third part, which consists of four chapters, presents the Mundell-Fleming model; the model of aggregate supply and demand; expectations and contracts as determinants of aggregate supply; the Phillips curve, and the model incorporating the Monetary Policy Reaction Function. The development of...

The seventh chapter presents the IS-LM model of simultaneous equilibrium in the goods and services market and the money market. IS-LM model determines the Aggregate Demand and, consequently, the level of output and employment, under the assumption of fixed prices or infinitely elastic Aggregate...

The second part, which consists of three chapters, shows the Keynesian income expenditure model, the money market and the IS-LM model. The fifth chapter presents the components of aggregate expenditure or Demand, and develops a model of income determination in the short term. Then, it studies...