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Macroeconomics Exam Study Guide: Key Topics and Concepts

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Expenditure Approach for Measuring GDP

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

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

Other Measures of Total Production and Total Income

  • Percorso guidato
    Other Measures of Total Production and Total Income
    05:10

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 Interest, Real Interest, and the Fisher Equation

  • Percorso guidato
    Nominal Interest, Real Interest, and the Fisher Equation
    05:05

Costs of Inflation: Shoe-leather Costs and Menu Costs

  • Percorso guidato
    Costs of Inflation: Shoe-leather Costs, Menu Costs, and Tax Costs
    04:37

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

Investment, Savings, and the Financial System

  • Percorso guidato
    Investment and Savings
    02:01
  • Percorso guidato
    The Financial System
    02:10

Business Cycles and Their Characteristics

  • Percorso guidato
    Business Cycle Characteristics
    01:46
  • Percorso guidato
    Causes of Business Cycles
    04:18
  • Percorso guidato
    Key Ideas of the Business Cycle
    02:33

Aggregate Demand

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

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

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

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

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

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

Balance of Payments: Introduction

  • Percorso guidato
    Balance of Payments: Introduction
    05:29

Sources of Comparative Advantage

  • Percorso guidato
    Sources of Comparative Advantage
    05:50

Tariffs

  • Percorso guidato
    Tariffs on Imports
    14:35

Import Quotas and VERs

  • Percorso guidato
    Import Quotas and VERs
    14:08
  • Percorso guidato
    Import Quotas
    09:44

Arguments Against International Trade

  • Percorso guidato
    Arguments Against International Trade
    07:50