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Principles of Macroeconomics: Comprehensive Study Notes for Final Exam Preparation

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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

Shortcomings of GDP

  • Guided course
    Shortcomings of GDP
    02:21

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

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

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

Institutions that Promote Economic Growth

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

Investment, Savings, and the Financial System

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

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

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

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

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

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

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

Defining the Money Supply: M1 and M2

  • Guided course
    Defining the Money Supply: M1 and M2
    02:14

Required Reserves and the Deposit Multiplier

  • Guided course
    Bank Balance Sheet and Money Supply
    05:31
  • Guided course
    Required Reserves and the Deposit Multiplier
    03:16

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

Quantity Theory of Money

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

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

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

Deriving the Multiplier Algebraically

  • Guided course
    Deriving the Multiplier Algebraically
    07:15

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

Sources of Comparative Advantage

  • Guided course
    Sources of Comparative Advantage
    05:50

Exporting and Importing

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

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

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