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Chapter 4: What Macroeconomics Is All About – Key Macroeconomic Variables and Growth Versus Fluctuations

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Expenditure Approach for Measuring GDP

  • Guided course
    Calculating GDP Using the Expenditure Approach
    02:31

Nominal GDP and Real GDP

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    Nominal GDP and Real GDP
    09:15
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    Inflation and the GDP Deflator
    03:04

Labor Force and Unemployment

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

Types of Unemployment

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    Frictional, Structural, and Cyclical Unemployment
    05:44
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    Definition of Full Employment
    02:44

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

Inflation and Consumer Price Index (CPI)

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    Calculating CPI and Inflation Rate
    08:35
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    Consumer Price Index (CPI)
    04:40
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    Inflation
    03:34

Nominal Interest, Real Interest, and the Fisher Equation

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    Nominal Interest, Real Interest, and the Fisher Equation
    05:05

Exchange Rates: Introduction

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    Exchange Rates
    06:12
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    Exchange Rates: Introduction
    05:25

Exporting and Importing

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    Low World Price: Import
    06:36
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    Autarky
    04:
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    High World Price: Export
    09:03

Long-Run Economic Growth

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    Economic Growth
    02:07

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