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Comprehensive Macroeconomics Study Guide

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Positive and Normative Statements

  • Percorso guidato
    Identifying Statements
    02:48
  • Percorso guidato
    Positive Statements vs. Normative Statements
    04:35

Production Possibilities Frontier (PPF) - Introduction and Productive Efficiency

  • Percorso guidato
    Understanding the PPF
    06:23
  • Percorso guidato
    PPF - Attainable and Efficient
    04:48

PPF - Increasing Marginal Opportunity Costs and Allocative Efficiency

  • Percorso guidato
    PPF - Graphing Increasing Marginal Opportunity Costs
    03:33
  • Percorso guidato
    PPF - The Law of Increasing Opportunity Costs
    05:04

PPF - Outward Shifts

  • Percorso guidato
    PPF - General Economic Growth
    01:55
  • Percorso guidato
    PPF - Technological Advances in an Industry
    02:49

PPF - Comparative Advantage and Absolute Advantage

  • Percorso guidato
    Opportunity Costs and Comparative Advantage
    04:36
  • Percorso guidato
    Different PPFs and Absolute Advantage
    02:03

PPF - Comparative Advantage and Trade

  • Percorso guidato
    Comparative Advantage and Specialization in Trade
    05:30

Introduction to Supply and Demand

  • Percorso guidato
    Perfect Competition
    03:23

The Basics of Demand

  • Percorso guidato
    The Basics of Demand
    06:02

Shifting Demand

  • Percorso guidato
    Substitute and Complementary Goods
    01:27
  • Percorso guidato
    Shifting Demand
    03:59
  • Percorso guidato
    Consumer Preferences
    01:44

The Basics of Supply

  • Percorso guidato
    The Basics of Supply
    02:43

Shifting Supply

  • Percorso guidato
    Shifting Supply
    01:56
  • Percorso guidato
    Nature
    01:00
  • Percorso guidato
    Technology
    01:39

Supply and Demand Together: Equilibrium, Shortage, and Surplus

  • Percorso guidato
    Equilibrium
    02:41
  • Percorso guidato
    Law of Supply and Demand
    02:43
  • Surplus and Shortage
    02:56

Willingness to Pay and Consumer Surplus

  • Percorso guidato
    Willingness to Pay and Consumer Surplus
    03:39
  • Percorso guidato
    Consumer Surplus
    02:15
  • Percorso guidato
    Consumer Surplus and Market Demand
    06:03

Willingness to Sell and Producer Surplus

  • Percorso guidato
    Willingness to Sell and Producer Surplus
    03:04
  • Percorso guidato
    Producer Surplus and Market Supply
    04:03
  • Percorso guidato
    Producer Surplus
    01:30

Economic Surplus and Efficiency

  • Percorso guidato
    Deadweight Loss and Market Failure
    07:08
  • Percorso guidato
    Economic Surplus
    11:37

Price Ceilings, Price Floors, and Black Markets

  • Percorso guidato
    Price Ceilings
    07:05
  • Percorso guidato
    Price Floors and Black Markets
    08:03
  • Percorso guidato
    Price Floors
    02:18

Introducing Taxes and Tax Incidence

  • Percorso guidato
    Tax Incidence
    03:21
  • Percorso guidato
    Taxes and Tax Incidence
    13:27

Effects of Taxes on a Market

  • Percorso guidato
    Effects of Taxes
    07:49
  • Percorso guidato
    Tax Revenue
    03:59

Expenditure Approach for Measuring GDP

  • Percorso guidato
    Calculating GDP Using the Expenditure Approach
    02:31

Detailed Explanation of GDP Components

  • Percorso guidato
    Government Purchases and Net Exports
    02:12
  • Percorso guidato
    Consumption
    02:38
  • Percorso guidato
    Investment
    02:01

Nominal GDP and Real GDP

  • Percorso guidato
    Nominal GDP and Real GDP
    09:15
  • Percorso guidato
    Inflation and the GDP Deflator
    03:04

Shortcomings of GDP

  • Percorso guidato
    Shortcomings of GDP
    02:21

Labor Force and Unemployment

  • Percorso guidato
    Problems with Measuring Unemployment
    04:35
  • Percorso guidato
    Labor Force and Unemployment
    05:58

Types of Unemployment

  • Percorso guidato
    Frictional, Structural, and Cyclical Unemployment
    05:44
  • Percorso guidato
    Definition of Full Employment
    02:44

Inflation and Consumer Price Index (CPI)

  • Percorso guidato
    Calculating CPI and Inflation Rate
    08:35
  • Percorso guidato
    Consumer Price Index (CPI)
    04:40
  • Percorso guidato
    Inflation
    03:34

Using CPI to Adjust for Inflation

  • Percorso guidato
    Using CPI to Adjust for Inflation
    04:34
  • Percorso guidato
    Using CPI to Adjust for Inflation
    02:49

Nominal Income and Real Income

  • Percorso guidato
    Nominal Income and Real Income
    06:07

The Consumption Function

  • Percorso guidato
    1 = MPC + MPS
    02:45
  • Percorso guidato
    Equation of the Consumption Function
    02:49
  • Percorso guidato
    Marginal Propensity to Consume and Save
    04:20

The Saving Function

  • Percorso guidato
    Saving Function (Saving Schedule)
    06:14

Determinants of Consumption and Saving

  • Percorso guidato
    Determinants of Consumption and Saving
    05:13

Multiplier Effect of Investment Spending

  • Percorso guidato
    Multiplier
    01:36
  • Percorso guidato
    Multiplier Effect of Investment Spending
    07:46

Aggregate Expenditures Model and Macroeconomic Equilibrium

  • Percorso guidato
    Aggregate Expenditures Model and Macroeconomic Equilibrium
    07:08
  • Percorso guidato
    Numerical Aggregate Expenditures
    10:19

AE Model: Graphing Macroeconomic Equilibrium

  • Percorso guidato
    Graphing Macroeconomic Equilibrium
    13:28

AE Model: Private Closed Economy

  • Percorso guidato
    Private Closed Economy
    05:39

AE Model: Private Open Economy

  • Percorso guidato
    Private Open Economy
    05:37

AE Model and the Multiplier

  • Percorso guidato
    AE Model and the Multiplier
    11:37

Aggregate Demand

  • Percorso guidato
    AD-AS Model: Aggregate Demand
    02:56
  • Percorso guidato
    Interest Rate Effect
    05:48
  • Percorso guidato
    Wealth Effect
    02:47

Deriving Aggregate Demand from the Aggregate Expenditure Model

  • Percorso guidato
    Deriving Aggregate Demand from the Aggregate Expenditure Model with Constant Prices
    04:13
  • Percorso guidato
    Deriving Aggregate Demand from the Aggregate Expenditure Model
    08:18

Shifting Aggregate Demand

  • Percorso guidato
    Shifting Aggregate Demand
    04:27

Long Run Aggregate Supply

  • Percorso guidato
    Long Run Aggregate Supply
    04:36
  • Percorso guidato
    Shifting Long Run Aggregate Supply
    04:35

Short Run Aggregate Supply

  • Percorso guidato
    Short Run Aggregate Supply Slopes Upwards
    04:16
  • Percorso guidato
    Short Run Aggregate Supply
    02:52

Shifting Short Run Aggregate Supply

  • Percorso guidato
    Shifting Short Run Aggregate Supply
    03:03
  • Percorso guidato
    Factors Leading to Shifting Short Run Aggregate Supply
    05:32

AD-AS Model: Equilibrium in the Short Run and Long Run

  • Percorso guidato
    Long Run Equilibrium in the AD-AS Model
    02:28
  • Percorso guidato
    Short Run Equilibrium in the AD-AS Model
    02:35

AD-AS Model: Shifts in Aggregate Demand

  • Percorso guidato
    Equilibrium After a Decrease in Aggregate Demand
    08:15
  • Percorso guidato
    Equilibrium After an Increase in Aggregate Demand
    06:03

The Functions of Money; The Kinds of Money

  • Percorso guidato
    Kinds of Money
    01:33
  • Percorso guidato
    Functions of Money
    04:06
  • Percorso guidato
    Definition of Money; Barter Economy; Double Coincidence of Wants
    02:30

Defining the Money Supply: M1 and M2

  • Percorso guidato
    Defining the Money Supply: M1 and M2
    02:14

Required Reserves and the Deposit Multiplier

  • Percorso guidato
    Bank Balance Sheet and Money Supply
    05:31
  • Percorso guidato
    Required Reserves and the Deposit Multiplier
    03:16

Introduction to the Federal Reserve

  • Percorso guidato
    Organization of the Federal Reserve
    05:05
  • Percorso guidato
    Role of the Federal Reserve
    03:11

The Federal Reserve and the Money Supply

  • Percorso guidato
    Money Supply:Discount Policy and Required Reserves
    05:42
  • Percorso guidato
    Money Supply:Open Market Operations
    06:01

History of the US Banking System

  • Percorso guidato
    History of the US Banking System
    09:10

The Financial Crisis of 2007-2009 (The Great Recession)

  • Percorso guidato
    Great Recession
    10:32

Monetary vs Fiscal Policy

  • Percorso guidato
    Monetary vs Fiscal Policy
    03:13

Goals of Monetary Policy

  • Percorso guidato
    Goals of Monetary Policy
    03:28

The Demand for Money

  • Percorso guidato
    Money Demand
    01:51
  • Percorso guidato
    Shifting Money Demand
    02:17

The Money Supply on the Graph

  • Percorso guidato
    Money Supply and Equilibrium in Money Market
    11:53

Monetary Policy and Aggregate Demand

  • Percorso guidato
    Price Levels and the Money Market
    06:24
  • Percorso guidato
    Monetary Policy and Aggregate Demand
    04:53
  • Percorso guidato
    Interest Rates and Aggregate Demand
    06:42

Expansionary and Contractionary Monetary Policy

  • Percorso guidato
    Expansionary Monetary Policy
    07:42
  • Percorso guidato
    Contractionary Monetary Policy
    08:07

Quantity Theory of Money

  • Percorso guidato
    Quantity Theory of Money and Inflation
    05:17
  • Percorso guidato
    Quantity Theory of Money
    04:25

Federal Reserve Policies during the 2007-2009 Recession

  • Percorso guidato
    Federal Reserve Policies during the 2007-2009 Recession
    08:06

Introduction to Fiscal Policy

  • Percorso guidato
    Introduction; Discretionary Policy and Automatic Stabilizers
    09:33

Expansionary and Contractionary Fiscal Policy

  • Percorso guidato
    Contractionary Fiscal Policy
    03:48
  • Percorso guidato
    Expansionary Fiscal Policy
    05:24

Government Purchases and the Multiplier Effect

  • Percorso guidato
    Government Purchases GDP Multiplier
    08:02

Taxes, the Multiplier Effect, and Automatic Stabilizers

  • Percorso guidato
    Taxes as an Automatic Stabilizer
    03:50
  • Percorso guidato
    Taxes and the GDP Multiplier
    05:11

Long Run Effects of Fiscal Policy

  • Percorso guidato
    Persistent Budget Deficit
    03:39
  • Percorso guidato
    Long Run Tax Policy
    02:40

Criticisms of Fiscal Policy

  • Percorso guidato
    Political Environment
    02:19
  • Percorso guidato
    Pro-Cyclical Fiscal Policy
    01:39
  • Percorso guidato
    Crowding Out Effect
    04:16

The Laffer Curve

  • Percorso guidato
    The Laffer Curve
    09:01

Short Run Phillips Curve

  • Percorso guidato
    Short Run Phillips Curve
    09:33

Long Run Phillips Curve

  • Percorso guidato
    Long Run Phillips Curve
    06:07

Phillips Curve and Expected Inflation

  • Percorso guidato
    Shifting the Phillip's Curve
    07:46
  • Percorso guidato
    Expectations of Future Inflation
    09:52

Phillips Curve and Supply Shocks

  • Percorso guidato
    Shifting the Phillips Curve: Supply Shocks
    05:19

Sacrifice Ratio

  • Percorso guidato
    Sacrifice Ratio
    08:29

Disinflation and Deflation

  • Percorso guidato
    Deflation
    02:29
  • Percorso guidato
    Disinflation (Paul Volcker)
    07:18

Long-Run Economic Growth

  • Percorso guidato
    Economic Growth
    02:07

Growth Rates and the Rule of 70

  • Percorso guidato
    Growth Rates and the Rule of 70
    02:50
  • Percorso guidato
    Growth Rates and the Rule of 70
    05:47

Institutions that Promote Economic Growth

  • Percorso guidato
    Role of Government in Economic Growth
    08:45