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Principles of Macroeconomics: Comprehensive Study Guide

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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

Production Possibilities Frontier (PPF) - Introduction and Productive Efficiency

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

PPF - Comparative Advantage and Trade

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

Introduction to Supply and Demand

  • Guided course
    Perfect Competition
    03:23

The Basics of Demand

  • Guided course
    The Basics of Demand
    06:02

The Basics of Supply

  • Guided course
    The Basics of Supply
    02:43

Shifting Demand

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

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

Detailed Explanation of GDP Components

  • Guided course
    Government Purchases and Net Exports
    02:12
  • Guided course
    Consumption
    02:38
  • Guided course
    Investment
    02:01

Nominal GDP and Real GDP

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

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

Long-Run Economic Growth

  • Guided course
    Economic Growth
    02:07

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

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

New Growth Theory

  • Guided course
    New Growth Theory
    06:15

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

Market for Loanable Funds

  • Guided course
    Market for Loanable Funds
    04:42

Shifts in the Market for Loanable Funds

  • Guided course
    Demand Shifts in the Market for Loanable Funds
    06:56
  • Guided course
    Supply Shifts in the Market for Loanable Funds
    06:16

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

Introduction to the Federal Reserve

  • Guided course
    Organization of the Federal Reserve
    05:05
  • Guided course
    Role of the Federal Reserve
    03:11

The Federal Reserve and the Money Supply

  • Guided course
    Money Supply:Discount Policy and Required Reserves
    05:42
  • Guided course
    Money Supply:Open Market Operations
    06:01

The Demand for Money

  • Guided course
    Money Demand
    01:51
  • Guided course
    Shifting Money Demand
    02:17

The Money Supply on the Graph

  • Guided course
    Money Supply and Equilibrium in Money Market
    11:53

Quantity Theory of Money

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

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

Short Run Aggregate Supply

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

Long Run Aggregate Supply

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

AD-AS Model: Equilibrium in the Short Run and Long Run

  • Guided course
    Long Run Equilibrium in the AD-AS Model
    02:28
  • Guided course
    Short Run Equilibrium in the AD-AS Model
    02:35

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

The Saving Function

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

Aggregate Expenditures Model and Macroeconomic Equilibrium

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

Multiplier Effect of Investment Spending

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

Deriving Aggregate Demand from the Aggregate Expenditure Model

  • Guided course
    Deriving Aggregate Demand from the Aggregate Expenditure Model with Constant Prices
    04:13
  • Guided course
    Deriving Aggregate Demand from the Aggregate Expenditure Model
    08:18

Demand-Pull and Cost-Push Inflation

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

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

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

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

Government Purchases and the Multiplier Effect

  • Guided course
    Government Purchases GDP Multiplier
    08:02

Long Run Effects of Fiscal Policy

  • Guided course
    Persistent Budget Deficit
    03:39
  • Guided course
    Long Run Tax Policy
    02:40

The Laffer Curve

  • Guided course
    The Laffer Curve
    09:01

Monetary vs Fiscal Policy

  • Guided course
    Monetary vs Fiscal Policy
    03:13

Goals of Monetary Policy

  • Guided course
    Goals of Monetary Policy
    03:28

Expansionary and Contractionary Monetary Policy

  • Guided course
    Expansionary Monetary Policy
    07:42
  • Guided course
    Contractionary Monetary Policy
    08:07

Monetary Policy and Aggregate Demand

  • Guided course
    Price Levels and the Money Market
    06:24
  • Guided course
    Monetary Policy and Aggregate Demand
    04:53
  • Guided course
    Interest Rates and Aggregate Demand
    06:42