15. Examine critically the supply-side economics and its applicability to economics facing the problem of recession and unemployment.

Lucas, Robert E. and Thomas J. Sargent, “After Keynesian Macroeconomics” in After the Phillips Curve :

Perspective of High Inflation and High Unemployment (Federal Reserve Bank of Boston, Boston, 1978).

Meyer, Lawrence H., Supply-Side Effects of Economic Policy, St. Louis, Center for the Study of American Business, Pub. No., 39, May 1981.

Mayer, Thomas, The Structure of Monetarism (NY, Norton, 1978).

Roberts, Paul Graig, The Supply-Side Revolution (Mass., Harvard University Press, 1983).

Stanley Fischer (ed.), Rational Expectations and Economic Policy (Chicago University Press, Chicago, 1980).

Solow, Robert, “Alternative Approaches to Macroeconomic Theory: A Partial View,” The Canadian Journal of Economics, August 1979.

Vane Howard R. and Thompson John L., Monetarism: Theory, Evidence, and Policy (NY, Holsted Press, 1979).