Introductory Economic Models

PPF - Price of the Trade

The Price of the Trade

Learn the toughest concepts covered in your Macroeconomics class with step-by-step video tutorials and practice problems.

Brian

Macroeconomics

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Brian Krogol

Introduction to Macroeconomics

Supply and Demand

Elasticity

Consumer and Producer Surplus; Price Ceilings and Price Floors

Introduction to Taxes

Externalities

The Types of Goods

International Trade

Introducing Economic Concepts

Gross Domestic Product (GDP) and Consumer Price Index (CPI)

Unemployment and Inflation

Productivity and Economic Growth

The Financial System

Income and Consumption

Deriving the Aggregate Expenditures Model

Aggregate Demand and Aggregate Supply Analysis

The Monetary System

Monetary Policy

Fiscal Policy

Revisiting Inflation, Unemployment, and Policy

Balance of Payments

Exchange Rates

Macroeconomic Schools of Thought

Dynamic AD/AS Model

Special Topics

[BOOK MACROECON] Clutch

Net Exports Equal Net Foreign Investment

Quantitative Analysis of Price Ceilings and Floors: Finding Points

Determinants of Consumption and Saving

Long Run Phillips Curve

Detailed Explanation of GDP Components

Criticisms of Fiscal Policy

Producer Surplus and Willingness to Sell

Other Measures of Total Production and Total Income

Deriving the Multiplier Algebraically

Short Run Phillips Curve

The Gold Standard

Consumer Surplus and WIllingness to Pay

Dynamic AD-AS Model: Introduction

Disinflation and Deflation

Federal Reserve Policies during the 2007-2009 Recession

Economic Surplus and Efficiency

Costs of Inflation: Shoe-leather Costs and Menu Costs

Institutions that Promote Economic Growth

Unemployment: Minimum Wage Laws and Efficiency Wages

Austrian Model

Balance of Payments: Current Account

Price Ceilings, Price Floors, and Black Markets

Introducing Concepts - Trade Deficit and Surplus

Nominal Income and Real Income

Government Purchases and the Multiplier Effect

Industrially Advanced Countries (IACs) and Developing Countries (DVCs)

Income Elasticity of Demand

Individual Demand and Market Demand

Introduction to Economics

Classical Model and Keynesian Model

The Basics of Demand

Phillips Curve and Supply Shocks

The Functions of Money; The Kinds of Money

Growth Rates and the Rule of 70

Total Revenue Along a Linear Demand Curve

Supply and Demand Together: Both Shift

Nominal GDP and Real GDP

Introduction to Fiscal Policy

Elasticity and the Midpoint Method

Public Goods: Demand Curve and Optimal Quantity

AE Model: Graphing Macroeconomic Equilibrium

Monetarist Model

PPF - Comparative Advantage and Absolute Advantage

Financial System Definitions

Sacrifice Ratio

AE Model and the Multiplier

AE Model: Algebraic Approach

Value Added Method for Measuring GDP

Dynamic AD-AS Model: Inflation and Recession

Exchange Rates: Nominal and Real

Exchange Rates and Net Exports

Expansionary and Contractionary Fiscal Policy

The Money Supply on the Graph

Quantity Theory of Money

Public Solutions to Externalities

Calculating Bond and Stock Prices

Calculating GDP Using the Income Approach

Exchange Rates: Introduction

Balance of Payments: Financial Account and Capital Account

Types of Unemployment

Determinants of Price Elasticity of Demand

Expansionary and Contractionary Monetary Policy

Price Elasticity of Supply

Unemployment Trends

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

Goals of Monetary Policy

Taylor Rule

The Federal Reserve and the Money Supply

Business Cycles and Their Characteristics

Import Quotas and VERs

Introducing Concepts - Nominal GDP and Real GDP

Demand-Pull and Cost-Push Inflation

The Consumption Function

Sources of Comparative Advantage

Quantitative Analysis of Price Ceilings and Floors: Finding Areas

Positive and Normative Statements

Graphing Review

Shifting Short Run Aggregate Supply

Introducing Concepts - Business Cycle

Total Revenue Test

Exporting and Importing

Supply and Demand: Quantitative Analysis

Defining the Money Supply: M1 and M2

Problems with the Consumer Price Index (CPI)

Market for Loanable Funds

Introducing Concepts - Savings and Investment

Nominal Interest, Real Interest, and the Fisher Equation

PPF - Growth Analysis

Using CPI to Adjust for Inflation

AE Model: Private Open Economy

Introduction to the Federal Reserve

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

Consumer Price Index (CPI)

Long Run Aggregate Supply

Exchange Rates: Equilibrium

Dynamic AD-AS Model: Fiscal Policy

Productivity and the Per-Worker Production Function

Developing Countries: Obstacles to Development

Savings Equal Investment

Shifting Aggregate Demand

Elasticity and Taxes

Balance of Payments: Introduction

The Laffer Curve

Factors of Production

Shifting Demand

Price Elasticity of Supply on a Graph

Tariffs on Imports

Arguments Against International Trade

Percentage Change and Price Elasticity of Demand

Introducing Taxes and Tax Incidence

The Free Rider Problem and the Tragedy of the Commons

Monetary Policy and Aggregate Demand

Elasticity Summary

Budget Surplus and Budget Deficit

History of the US Banking System

Exchange Rates: Shifts in Supply and Demand

Average Propensity to Consume and Save

Risk and Diversification

Aggregate Expenditures Model and Macroeconomic Equilibrium

The Saving Function

AD-AS Model: Shifts in Aggregate Demand

Real Business Cycle Model

Three Key Economic Ideas

Shifting Supply

Multiplier Effect of Investment Spending

New Classical Model

Exchange Rates: Purchasing Power Parity

Time Value of Money Calculations

AE Model: Private Closed Economy

Exchange Rates: Fixed, Flexible, and Managed Float

Big Daddy Shift Summary

Effects of Taxes on a Market

Risk and Insurance

Required Reserves and the Deposit Multiplier

Price Elasticity of Demand on a Graph

Percentage and Decimal Review

Calculating GDP

Short Run Aggregate Supply

The Bretton Woods System

Stocks, Bonds, and Mutual Funds

Shifts in the Market for Loanable Funds

Deriving Aggregate Demand from the AE Model

Labor Force and Unemployment

Production Possibilities Frontier (PPF) - Introduction and Productive Efficiency