Concept
Shock therapy (economics)
Related lectures (6)
Electricity Market: Balancing and Liberalization
Explores ancillary services, capacity market, and electricity market liberalization, emphasizing system balancing and peak demand challenges.
Electricity Market Organization: Part 1
Explores the organization of electricity markets, models for restructuring, and the impact on consumer choice and market performance.
Labor Market Equilibrium Analysis
Analyzes labor market equilibrium, tax impacts, and steady-state hours.
Electricity Market Mechanisms
Explores RTE operation, market liberalization, frequency control, capacity market, and load management.
Monetary Policy and Household Decisions
Explores household optimization, monetary policy impact, and price flexibility in the New Keynesian model.