1)How you can help the future students to be successful macroeconomics class?

2)Degrees of price and wage flexibility play an important role in macroeconomics. Explain why.

1)I will teach and it's quite different than ordering or giving waste speeches. I have to play my role as a leader that might give them a universal approach. I would like to create a research-oriented atmosphere in my classroom, would like to be guided more and teach less as they are not kids and are well grown up. Moreover, I will secure the possibilities, in them, of giving something new in all the branches of macroeconomics.

2)

• The classical economic theory relied upon the assumption of price flexibility to generate full employment in the economy. The proponents of the Keynesian macroeconomics challenged the classical belief of price flexibility in restoring equilibrium at the full employment levels in the economy.
• In macroeconomics, an inverse relationship exists between wages and employment. If wages exceed the full employment level, the economy will face the problem of unemployment. If wages are flexible, it would adjust quickly in the face of unemployment. Hence any persistence of unemployment is attributed to wage rigidity.

Classical unemployment takes place when the real wage (money wage/price level) exceeds the marginal product of labour at full employment. In order to maintain normal profits firms may cut down real wages to restore full employment equilibrium.

Keynesian unemployment is caused by deficiency of aggregate demand. However cut in money wages and prices, may raise real aggregate demand. Hence it is the downward rigidity of money wages in the Keynesian system that explains persistence of unemployment in the economy.