1. What is necessary, according to Marshall, for the law of diminishing marginal utility to work?
2. How is Marshall's theory of value different from Jevon's?
3. What is Marshall's innovation to the theory of supply?
4. What determines the price of a good in the market period?
5. What determines the price of a good in the short run?
6. What determines the price of a good in the long run?
7. What determines the interest rate/profit rate for Marshall?
8. What is Marshall's theory of profits?
9. For Marshall, what determines households' willingness to save? What motivates of firms to invest in new capital?
10. What is Marshall's theory of unemployment?
11. Why do workers supply labor according to Marshall?
12. For Marshall, what equilibrates the supply and demand for labor?
13. What is Marshall's theory of the firm?
14. What is Marshall's theory of progress?
15. What is Keynes's view of the historical mission of capitalism?
16. How does capitalism maximize the accumulation of capital?
17. What economic and social problems did Keynes believe can put a stop to economic progress?
18. What did Keynes believe is the main justification of the inequality of income and wealth in a capitalist economy?
19. What is Keynes's theory of effective demand? What role does effective demand play in a macro-economy?
20. What is Keynes' theory of consumption?
21. For Keynes, how does uncertainty influence the decision to invest in new capital?
22. Why does Keynes believe that the amount of savings does not determine how much capitalists are willing to invest?
23. How does uncertainty prevent capitalists from investing in new capital?
24. Why does unemployment increase in a slump?
25. Why is it difficult for workers to find jobs in a slump?
26. Why does inflation rise in an economic boom?
27. Why does Keynes believe unemployment is involuntary during an economic slump?
28. How does the multiplier worsen the macro-impact of a fall in investment spending?
29. What did pre-Keynesians believe is the cure for excess supplies of goods and labor?
30. Why did Keynes believe that an increase in government spending can increase output and employment in a slump?
31. What did Keynes believe the central bank can do in a slump to increase output and employment?
32. What is the difference between Marshall's and Keynes' theory of unemployment?
33. What is the difference between Marshall's and Keynes' theory of investment in capital?
34. What is the difference between Marshall's and Keynes' theory of consumption?