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Macroeconomics Final Exam Review: Key Concepts and Calculations

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Introduction to Economics

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

Positive and Normative Statements

  • Guided course
    Identifying Statements
    02:48
  • Guided course
    Positive Statements vs. Normative Statements
    04:35

Percentage and Decimal Review

  • Guided course
    Calculating Percentage Change
    02:29
  • Guided course
    Converting Percentages and Decimals
    05:14

The Basics of Demand

  • Guided course
    The Basics of Demand
    06:02

Shifting Demand

  • Guided course
    Substitute and Complementary Goods
    01:27
  • Guided course
    Shifting Demand
    03:59
  • Guided course
    Consumer Preferences
    01:44

The Basics of Supply

  • Guided course
    The Basics of Supply
    02:43

Shifting Supply

  • Guided course
    Shifting Supply
    01:56
  • Guided course
    Nature
    01:00
  • Guided course
    Technology
    01:39

Supply and Demand Together: Equilibrium, Shortage, and Surplus

  • Guided course
    Equilibrium
    02:41
  • Guided course
    Law of Supply and Demand
    02:43
  • Surplus and Shortage
    02:56

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

Shortcomings of GDP

  • Guided course
    Shortcomings of GDP
    02:21

Growth Rates and the Rule of 70

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

Long-Run Economic Growth

  • Guided course
    Economic Growth
    02:07

Labor Force and Unemployment

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

Types of Unemployment

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

Aggregate Demand

  • Guided course
    AD-AS Model: Aggregate Demand
    02:56
  • Guided course
    Interest Rate Effect
    05:48
  • Guided course
    Wealth Effect
    02:47

Long Run Aggregate Supply

  • Guided course
    Long Run Aggregate Supply
    04:36
  • Guided course
    Shifting Long Run Aggregate Supply
    04:35

Short Run Aggregate Supply

  • Guided course
    Short Run Aggregate Supply Slopes Upwards
    04:16
  • Guided course
    Short Run Aggregate Supply
    02:52

Introduction to Fiscal Policy

  • Guided course
    Introduction; Discretionary Policy and Automatic Stabilizers
    09:33

Expansionary and Contractionary Fiscal Policy

  • Guided course
    Contractionary Fiscal Policy
    03:48
  • Guided course
    Expansionary Fiscal Policy
    05:24

Government Purchases and the Multiplier Effect

  • Guided course
    Government Purchases GDP Multiplier
    08:02

Taxes, the Multiplier Effect, and Automatic Stabilizers

  • Guided course
    Taxes as an Automatic Stabilizer
    03:50
  • Guided course
    Taxes and the GDP Multiplier
    05:11

The Consumption Function

  • Guided course
    1 = MPC + MPS
    02:45
  • Guided course
    Equation of the Consumption Function
    02:49
  • Guided course
    Marginal Propensity to Consume and Save
    04:20

The Saving Function

  • Guided course
    Saving Function (Saving Schedule)
    06:14

Determinants of Consumption and Saving

  • Guided course
    Determinants of Consumption and Saving
    05:13

Multiplier Effect of Investment Spending

  • Guided course
    Multiplier
    01:36
  • Guided course
    Multiplier Effect of Investment Spending
    07:46

Aggregate Expenditures Model and Macroeconomic Equilibrium

  • Guided course
    Aggregate Expenditures Model and Macroeconomic Equilibrium
    07:08
  • Guided course
    Numerical Aggregate Expenditures
    10:19

Investment, Savings, and the Financial System

  • Guided course
    Investment and Savings
    02:01
  • Guided course
    The Financial System
    02:10

Savings Equal Investment

  • Guided course
    National Savings, Private Savings, and Public Savings
    04:53
  • Guided course
    Saving Equals Investment
    07:48
  • Guided course
    Savings Equals Investment in an Open Economy
    03:56

Market for Loanable Funds

  • Guided course
    Market for Loanable Funds
    04:42

The Functions of Money; The Kinds of Money

  • Guided course
    Kinds of Money
    01:33
  • Guided course
    Functions of Money
    04:06
  • Guided course
    Definition of Money; Barter Economy; Double Coincidence of Wants
    02:30

Defining the Money Supply: M1 and M2

  • Guided course
    Defining the Money Supply: M1 and M2
    02:14

Required Reserves and the Deposit Multiplier

  • Guided course
    Bank Balance Sheet and Money Supply
    05:31
  • Guided course
    Required Reserves and the Deposit Multiplier
    03:16