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Macroeconomics Midterm 1 Study Guide: Key Concepts and Formulas

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Introduction to Economics

  • Percorso guidato
    Defining Economic Terms: Scarcity, Trade-offs, and Opportunity Costs
    04:30
  • Percorso guidato
    Definition of Economics: Micro vs. Macro
    02:04
  • Percorso guidato
    Economic Systems
    01:42

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

Circular Flow Diagram

  • Percorso guidato
    Households and Firms
    01:32
  • Percorso guidato
    The Circular Flow Diagram
    04:20

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

Value Added Method for Measuring GDP

  • Percorso guidato
    GDP and the Value-Added Approach
    02:21

Expenditure Approach for Measuring GDP

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

Calculating GDP Using the Income Approach

  • Percorso guidato
    Comparison of U.S. GDP Calculation
    03:07
  • Percorso guidato
    Calculating GDP Using the Income Approach
    07:44

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

Nominal Interest, Real Interest, and the Fisher Equation

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

Long-Run Economic Growth

  • Percorso guidato
    Economic Growth
    02:07

Factors of Production

  • Percorso guidato
    Human Capital and Entrepreneurship
    02:08
  • Percorso guidato
    Land, Labor, and Physical Capital
    03:09