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Macroeconomics Final Exam Structure and Study Guidance

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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

Three Key Economic Ideas

  • Guided course
    Marginal Analysis
    09:36
  • Guided course
    People Are Rational
    02:02
  • Guided course
    Economic Incentives
    01:40

Positive and Normative Statements

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

Graphing Review

  • Guided course
    Calculating Slope of a Curve: Point Method
    03:40
  • Guided course
    Interpreting Graphs (Part One)
    03:27
  • Guided course
    Finding Maximum and Minimum on a Graph
    02:32

Factors of Production

  • Guided course
    Human Capital and Entrepreneurship
    02:08
  • Guided course
    Land, Labor, and Physical Capital
    03:09

Production Possibilities Frontier (PPF) - Introduction and Productive Efficiency

  • Guided course
    Understanding the PPF
    06:23
  • Guided course
    PPF - Attainable and Efficient
    04:48

PPF - Increasing Marginal Opportunity Costs and Allocative Efficiency

  • Guided course
    PPF - Graphing Increasing Marginal Opportunity Costs
    03:33
  • Guided course
    PPF - The Law of Increasing Opportunity Costs
    05:04

PPF - Outward Shifts

  • Guided course
    PPF - General Economic Growth
    01:55
  • Guided course
    PPF - Technological Advances in an Industry
    02:49

PPF - Growth Analysis

  • Guided course
    Production Possibilities Frontier:Economic Growth Analysis
    06:58

PPF - Comparative Advantage and Absolute Advantage

  • Guided course
    Opportunity Costs and Comparative Advantage
    04:36
  • Guided course
    Different PPFs and Absolute Advantage
    02:03

PPF - Comparative Advantage and Trade

  • Guided course
    Comparative Advantage and Specialization in Trade
    05:30

PPF - Price of the Trade

  • Guided course
    The Price of the Trade
    03:47

Introduction to Supply and Demand

  • Guided course
    Perfect Competition
    03:23

The Basics of Demand

  • Guided course
    The Basics of Demand
    06:02

Individual Demand and Market Demand

  • Guided course
    Individual and Market Demand
    03:59

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

Individual Supply and Market Supply

  • Guided course
    Individual Supply and Market Supply
    06:04

Shifting Supply

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

Overview of Supply and Demand Shifts

  • Guided course
    Overview of Supply and Demand Shifts
    04:05

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

Supply and Demand Together: One-sided Shifts

  • Guided course
    Demand Shifts
    04:26
  • Guided course
    Supply Shifts
    03:36

Supply and Demand Together: Both Shift

  • Guided course
    Results of Both Shifting
    06:34
  • Guided course
    Both Shift - Warning!
    07:32

Price Ceilings, Price Floors, and Black Markets

  • Guided course
    Price Ceilings
    07:05
  • Guided course
    Price Floors and Black Markets
    08:03
  • Guided course
    Price Floors
    02:18