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Principles of Macroeconomics: Comprehensive Study Guide

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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 - 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

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

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

Four Types of Goods and Two Characteristics

  • Guided course
    Rivalry and Excludability
    04:47
  • Guided course
    The Four Types of Goods: Private Goods, Club Goods, Common Resources, and Public Goods
    05:41

The Free Rider Problem and the Tragedy of the Commons

  • Guided course
    Tragedy of the Commons
    07:34
  • Guided course
    Free Rider Problem
    06:11

Public Goods: Demand Curve and Optimal Quantity

  • Guided course
    Demand Curve of a Public Good
    08:18
  • Guided course
    Demand Curve of a Private Good
    03:52

Exporting and Importing

  • Guided course
    Low World Price: Import
    06:36
  • Guided course
    Autarky
    04:
  • Guided course
    High World Price: Export
    09:03

Sources of Comparative Advantage

  • Guided course
    Sources of Comparative Advantage
    05:50

Tariffs

  • Guided course
    Tariffs on Imports
    14:35

Import Quotas and VERs

  • Guided course
    Import Quotas and VERs
    14:08
  • Guided course
    Import Quotas
    09:44

Arguments Against International Trade

  • Guided course
    Arguments Against International Trade
    07:50

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

Unemployment: Minimum Wage Laws and Efficiency Wages

  • Guided course
    Unemployment: Efficiency Wages
    02:18
  • Guided course
    Unemployment: Minimum Wage Laws
    04:58

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

Who is Affected by Inflation?

  • Guided course
    Who is Affected by Inflation?
    05:58

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

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

Institutions that Promote Economic Growth

  • Guided course
    Role of Government in Economic Growth
    08:45

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

PPF - Growth Analysis

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

Aggregate Expenditures Model and Macroeconomic Equilibrium

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

AE Model: Graphing Macroeconomic Equilibrium

  • Guided course
    Graphing Macroeconomic Equilibrium
    13:28

AE Model: Private Closed Economy

  • Guided course
    Private Closed Economy
    05:39

AE Model: Private Open Economy

  • Guided course
    Private Open Economy
    05:37

AE Model and the Multiplier

  • Guided course
    AE Model and the Multiplier
    11:37

AE Model: Algebraic Approach

  • Guided course
    Aggregate Expenditures
    04:46
  • Guided course
    Algebraic Approach to the AE Model
    02:20

Aggregate Demand

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

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

Shifting Aggregate Demand

  • Guided course
    Shifting Aggregate Demand
    04:27

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

Shifting Short Run Aggregate Supply

  • Guided course
    Shifting Short Run Aggregate Supply
    03:03
  • Guided course
    Factors Leading to Shifting Short Run Aggregate Supply
    05:32

AD-AS Model: Shifts in Aggregate Demand

  • Guided course
    Equilibrium After a Decrease in Aggregate Demand
    08:15
  • Guided course
    Equilibrium After an Increase in Aggregate Demand
    06:03

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

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

Monetary vs Fiscal Policy

  • Guided course
    Monetary vs Fiscal Policy
    03:13

Goals of Monetary Policy

  • Guided course
    Goals of Monetary Policy
    03:28

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

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

Expansionary and Contractionary Monetary Policy

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

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

Long Run Effects of Fiscal Policy

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

Criticisms of Fiscal Policy

  • Guided course
    Political Environment
    02:19
  • Guided course
    Pro-Cyclical Fiscal Policy
    01:39
  • Guided course
    Crowding Out Effect
    04:16