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Macroeconomics Foundations: Key Concepts, Models, and Applications
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Introduction to Economics
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04:30
Defining Economic Terms: Scarcity, Trade-offs, and Opportunity Costs
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02:04
Definition of Economics: Micro vs. Macro
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01:42
Economic Systems
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Nominal GDP and Real GDP
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09:15
Nominal GDP and Real GDP
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03:04
Inflation and the GDP Deflator
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Expenditure Approach for Measuring GDP
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02:31
Calculating GDP Using the Expenditure Approach
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Labor Force and Unemployment
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05:58
Labor Force and Unemployment
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04:35
Problems with Measuring Unemployment
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Costs of Inflation: Shoe-leather Costs and Menu Costs
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04:37
Costs of Inflation: Shoe-leather Costs, Menu Costs, and Tax Costs
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