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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

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

Business Cycles and Their Characteristics

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

Labor Force and Unemployment

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

Growth Rates and the Rule of 70

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    Growth Rates and the Rule of 70
    02:50
  • Guided course
    Growth Rates and the Rule of 70
    05:47

Exporting and Importing

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