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Macroeconomics: Foundations, National Accounts, and Growth

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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

Circular Flow Diagram

  • Guided course
    Households and Firms
    01:32
  • Guided course
    The Circular Flow Diagram
    04:20

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

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

Production Possibilities Frontier (PPF) - Introduction and Productive Efficiency

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

Long-Run Economic Growth

  • Guided course
    Economic Growth
    02:07

Productivity and the Per-Worker Production Function

  • Guided course
    Per-Worker Production Function:Change in Technology
    02:27
  • Guided course
    Catch-up Effect
    05:51
  • Guided course
    Per-Worker Production Function
    05:02

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

Business Cycles and Their Characteristics

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

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

Aggregate Expenditures Model and Macroeconomic Equilibrium

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

Aggregate Demand

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

Shifting Aggregate Demand

  • Guided course
    Shifting Aggregate Demand
    04:27

Price Elasticity of Demand on a Graph

  • Guided course
    Price Elasticity of Demand on a Graph
    11:34

Price Elasticity of Supply

  • Guided course
    Price Elasticity of Supply
    05:38

Elasticity Summary

  • Guided course
    Elasticity Summary
    04:06

Willingness to Pay and Consumer Surplus

  • Guided course
    Willingness to Pay and Consumer Surplus
    03:39
  • Guided course
    Consumer Surplus
    02:15
  • Guided course
    Consumer Surplus and Market Demand
    06:03

Willingness to Sell and Producer Surplus

  • Guided course
    Willingness to Sell and Producer Surplus
    03:04
  • Guided course
    Producer Surplus and Market Supply
    04:03
  • Guided course
    Producer Surplus
    01:30

Economic Surplus and Efficiency

  • Guided course
    Deadweight Loss and Market Failure
    07:08
  • Guided course
    Economic Surplus
    11:37

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

Introducing Taxes and Tax Incidence

  • Guided course
    Tax Incidence
    03:21
  • Guided course
    Taxes and Tax Incidence
    13:27

Effects of Taxes on a Market

  • Guided course
    Effects of Taxes
    09:45
  • Guided course
    Tax Revenue
    03:59

Elasticity and Taxes

  • Guided course
    Elasticity and Taxes: Perfectly Elastic Demand and Perfectly Inelastic Demand
    02:58
  • Guided course
    Elasticity and Taxes
    07:03

Subsidies

  • Guided course
    Subsidies
    09:29

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

Inflation and Consumer Price Index (CPI)

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

Using CPI to Adjust for Inflation

  • Guided course
    Using CPI to Adjust for Inflation
    04:34
  • Guided course
    Using CPI to Adjust for Inflation
    02:49

Problems with the Consumer Price Index (CPI)

  • Guided course
    Problems with CPI
    05:24

Nominal Income and Real Income

  • Guided course
    Nominal Income and Real Income
    06:07

Nominal Interest, Real Interest, and the Fisher Equation

  • Guided course
    Nominal Interest, Real Interest, and the Fisher Equation
    05:05

Demand-Pull and Cost-Push Inflation

  • Guided course
    Demand-Pull Inflation
    03:53
  • Guided course
    Cost-Push Inflation
    02:22

Costs of Inflation: Shoe-leather Costs and Menu Costs

  • Guided course
    Costs of Inflation: Shoe-leather Costs, Menu Costs, and Tax Costs
    04:37

Investment, Savings, and the Financial System

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

Nominal Interest, Real Interest, and the Fisher Equation

  • Guided course
    Nominal Interest, Real Interest, and the Fisher Equation
    05:05

Taylor Rule

  • Guided course
    Taylor Rule
    03:35
  • Guided course
    Taylor Rule
    03:35

Quantity Theory of Money

  • Guided course
    Quantity Theory of Money and Inflation
    05:17
  • Guided course
    Quantity Theory of Money
    04:25

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

Short Run Phillips Curve

  • Guided course
    Short Run Phillips Curve
    09:33

Long Run Phillips Curve

  • Guided course
    Long Run Phillips Curve
    06:07

Phillips Curve and Expected Inflation

  • Guided course
    Shifting the Phillip's Curve
    07:46
  • Guided course
    Expectations of Future Inflation
    09:52

Phillips Curve and Supply Shocks

  • Guided course
    Shifting the Phillips Curve: Supply Shocks
    05:19

Balance of Payments: Introduction

  • Guided course
    Balance of Payments: Introduction
    05:29

Balance of Payments: Current Account

  • Guided course
    Balance of Payments: Current Account
    08:08

Balance of Payments: Financial Account and Capital Account

  • Guided course
    Balance of Payments: Financial Account and Capital Account
    07:10

Net Exports Equal Net Foreign Investment

  • Guided course
    Net Exports Equal Net Foreign Investment
    07:24

Balance of Trade; Trade Deficit and Trade Surplus

  • Guided course
    Trade Deficit and Trade Surplus
    06:55

Exchange Rates: Introduction

  • Guided course
    Exchange Rates
    06:12
  • Guided course
    Exchange Rates: Introduction
    05:25

Exchange Rates: Nominal and Real

  • Guided course
    Nominal and Real Exchange Rates
    09:46

Exchange Rates: Equilibrium

  • Guided course
    Market for Foreign Exchange: Demand
    04:19
  • Guided course
    Market for Foreign Exchange: Supply
    03:41

Exchange Rates: Shifts in Supply and Demand

  • Guided course
    Exchange Rates: Shifts in Supply
    05:01
  • Guided course
    Exchange Rates: Shifts in Demand
    06:48

Exchange Rates and Net Exports

  • Guided course
    Exchange Rates and Net Exports
    06:02

Exchange Rates: Purchasing Power Parity

  • Guided course
    Purchasing Power Parity
    03:53

The Gold Standard

  • Guided course
    The Gold Standard
    04:53

The Bretton Woods System

  • Guided course
    Bretton Woods System: Collapse
    02:53
  • Guided course
    Bretton Woods System: Introduction
    04:04

Classical Model and Keynesian Model

  • Guided course
    Classical Model
    02:54
  • Guided course
    Graphical Comparison of Classical Model and Keynesian Model
    03:41
  • Guided course
    Keynesian Model
    03:04

Dynamic AD-AS Model: Introduction

  • Guided course
    Dynamic AD-AS Model: Introduction
    04:59

Dynamic AD-AS Model: Inflation and Recession

  • Guided course
    Dynamic AD-AS Model: Recession
    06:30
  • Guided course
    Dynamic AD-AS Model: Inflation
    04:05

Dynamic AD-AS Model: Fiscal Policy

  • Guided course
    Dynamic AD-AS Model: Expansionary Fiscal Policy
    05:25
  • Guided course
    Dynamic AD-AS Model: Contractionary Fiscal Policy
    03:59

Dynamic AD-AS Model: Monetary Policy

  • Guided course
    Dynamic AD-AS Model: Contractionary Monetary Policy
    03:15
  • Guided course
    Dynamic AD-AS Model: Expansionary Monetary Policy
    04:37