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Principles of Macroeconomics: Comprehensive Final Exam Study Guide

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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

Unemployment: Minimum Wage Laws and Efficiency Wages

  • Percorso guidato
    Unemployment: Efficiency Wages
    02:18
  • Percorso guidato
    Unemployment: Minimum Wage Laws
    04:58

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

Problems with the Consumer Price Index (CPI)

  • Percorso guidato
    Problems with CPI
    05:24

Nominal Income and Real Income

  • Percorso guidato
    Nominal Income and Real Income
    06:07

Nominal Interest, Real Interest, and the Fisher Equation

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

Who is Affected by Inflation?

  • Percorso guidato
    Who is Affected by Inflation?
    05:58

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

Productivity and the Per-Worker Production Function

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

Institutions that Promote Economic Growth

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

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

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

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: 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

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

Quantity Theory of Money

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

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

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