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Macroeconomics Final Exam Study Guide: Key Concepts and Applications

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Three Key Economic Ideas

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    Marginal Analysis
    09:36
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    People Are Rational
    02:02
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    Economic Incentives
    01:40

Introduction to Supply and Demand

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    Perfect Competition
    03:23

The Basics of Demand

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    The Basics of Demand
    06:02

Shifting Demand

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

The Basics of Supply

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    The Basics of Supply
    02:43

Shifting Supply

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    Shifting Supply
    01:56
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    Nature
    01:00
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    Technology
    01:39

Supply and Demand Together: Equilibrium, Shortage, and Surplus

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

Price Ceilings, Price Floors, and Black Markets

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

Labor Force and Unemployment

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

Business Cycles and Their Characteristics

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

The Functions of Money; The Kinds of Money

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

Nominal Income and Real Income

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    Nominal Income and Real Income
    06:07

Monetary vs Fiscal Policy

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    Monetary vs Fiscal Policy
    03:13

Expansionary and Contractionary Monetary Policy

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    Expansionary Monetary Policy
    07:42
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    Contractionary Monetary Policy
    08:07

Expansionary and Contractionary Fiscal Policy

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    Contractionary Fiscal Policy
    03:48
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    Expansionary Fiscal Policy
    05:24

Productivity and the Per-Worker Production Function

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    Per-Worker Production Function:Change in Technology
    02:27
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    Catch-up Effect
    05:51
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    Per-Worker Production Function
    05:02