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Macroeconomics Concept Videos

Macroeconomics Video Lessons

Concept, example, and practice videos to guide you through the topics in your specific textbook.

Ch. 1 - Introduction to Macroeconomics

Introduction to Economics Three Key Economic Ideas Productive and Allocative Efficiency Factors of Production Positive and Normative Statements Circular Flow Diagram Graphing Review Percentage and Decimal Review Fractions Review

Ch. 2 - Introductory Economic Models

Production Possibilities Frontier (PPF) - Introduction and Productive Efficiency PPF - Increasing Marginal Opportunity Costs and Allocative Efficiency PPF - Outward Shifts PPF - Comparative Advantage and Absolute Advantage PPF - Comparative Advantage and Trade PPF - Price of the Trade

Ch. 3 - Supply and Demand

Introduction to Supply and Demand The Basics of Demand Individual Demand and Market Demand Shifting Demand The Basics of Supply Individual Supply and Market Supply Shifting Supply Big Daddy Shift Summary Supply and Demand Together: Equilibrium, Shortage, and Surplus Supply and Demand Together: One-sided Shifts Supply and Demand Together: Both Shift Supply and Demand: Quantitative Analysis

Ch. 4 - Elasticity

Percentage Change and Price Elasticity of Demand Elasticity and the Midpoint Method Price Elasticity of Demand on a Graph Determinants of Price Elasticity of Demand Total Revenue Test Total Revenue Along a Linear Demand Curve Income Elasticity of Demand Cross-Price Elasticity of Demand Price Elasticity of Supply Price Elasticity of Supply on a Graph Elasticity Summary

Ch. 5 - Consumer and Producer Surplus; Price Ceilings and Price Floors

Consumer Surplus and WIllingness to Pay Producer Surplus and Willingness to Sell Economic Surplus and Efficiency Quantitative Analysis of Consumer and Producer Surplus at Equilibrium Price Ceilings, Price Floors, and Black Markets Quantitative Analysis of Price Ceilings and Floors: Finding Points Quantitative Analysis of Price Ceilings and Floors: Finding Areas

Ch. 6 - Introduction to Taxes

Introducing Taxes and Tax Incidence Effects of Taxes on a Market Elasticity and Taxes Subsidies The Laffer Curve Quantitative Analysis of Taxes

Ch. 7 - Externalities

Externalities: Social Benefits and Social Costs Public Solutions to Externalities Private Solutions to Externalities: The Coase Theorem

Ch. 8 - The Types of Goods

Four Types of Goods and Two Characteristics The Free Rider Problem and the Tragedy of the Commons Public Goods: Demand Curve and Optimal Quantity

Ch. 9 - International Trade

Exporting and Importing Sources of Comparative Advantage Tariffs on Imports Import Quotas and VERs Arguments Against International Trade

Ch. 10 - Introducing Economic Concepts

Introducing Concepts - Business Cycle Introducing Concepts - Nominal GDP and Real GDP Introducing Concepts - Unemployment and Inflation Introducing Concepts - Economic Growth Introducing Concepts - Savings and Investment Introducing Concepts - Trade Deficit and Surplus Introducing Concepts - Monetary Policy and Fiscal Policy

Ch. 11 - Gross Domestic Product (GDP) and Consumer Price Index (CPI)

Calculating GDP Detailed Explanation of GDP Components Value Added Method for Measuring GDP Nominal GDP and Real GDP Shortcomings of GDP Calculating GDP Using the Income Approach Other Measures of Total Production and Total Income Consumer Price Index (CPI) Using CPI to Adjust for Inflation Problems with the Consumer Price Index (CPI)

Ch. 12 - Unemployment and Inflation

Labor Force and Unemployment Types of Unemployment Labor Unions and Collective Bargaining Unemployment: Minimum Wage Laws and Efficiency Wages Unemployment Trends Nominal Interest, Real Interest, and the Fisher Equation Nominal Income and Real Income Who is Affected by Inflation? Demand-Pull and Cost-Push Inflation Costs of Inflation: Shoe-leather Costs and Menu Costs

Ch. 13 - Productivity and Economic Growth

Productivity and the Per-Worker Production Function Institutions that Promote Economic Growth Growth Rates and the Rule of 70 New Growth Theory PPF - Growth Analysis Introducing Concepts - Business Cycle Business Cycles and Their Characteristics

Ch. 14 - The Financial System

Financial System Definitions Savings Equal Investment Market for Loanable Funds Shifts in the Market for Loanable Funds Stocks, Bonds, and Mutual Funds Risk and Insurance Risk and Diversification Time Value of Money Calculations Calculating Bond and Stock Prices

Ch. 15 - Income and Consumption

The Consumption Function The Saving Function Determinants of Consumption and Saving Average Propensity to Consume and Save Multiplier Effect of Investment Spending

Ch. 16 - Deriving the Aggregate Expenditures Model

Aggregate Expenditures Model and Macroeconomic Equilibrium AE Model: Graphing Macroeconomic Equilibrium AE Model: Private Closed Economy AE Model: Private Open Economy AE Model and the Multiplier AE Model: Components AE Model: Algebraic Approach Deriving the Multiplier Algebraically

Ch. 17 - Aggregate Demand and Aggregate Supply Analysis

Aggregate Demand Deriving Aggregate Demand from the AE Model Shifting Aggregate Demand Long Run Aggregate Supply Short Run Aggregate Supply Shifting Short Run Aggregate Supply AD-AS Model: Equilibrium in the Short Run and Long Run AD-AS Model: Shifts in Aggregate Demand

Ch. 18 - The Monetary System

The Functions of Money; The Kinds of Money Defining the Money Supply: M1 and M2 Required Reserves and the Deposit Multiplier Introduction to the Federal Reserve The Federal Reserve and the Money Supply History of the US Banking System The Financial Crisis of 2007-2009 (The Great Recession)

Ch. 19 - Monetary Policy

Goals of Monetary Policy The Demand for Money The Money Supply on the Graph Monetary Policy and Aggregate Demand Expansionary and Contractionary Monetary Policy Taylor Rule Quantity Theory of Money Federal Reserve Policies during the 2007-2009 Recession

Ch. 20 - Fiscal Policy

Introduction to Fiscal Policy Expansionary and Contractionary Fiscal Policy Government Purchases and the Multiplier Effect Taxes, the Multiplier Effect, and Automatic Stabilizers Budget Surplus and Budget Deficit Long Run Effects of Fiscal Policy Criticisms of Fiscal Policy

Ch. 21 - Revisiting Inflation, Unemployment, and Policy

Short Run Phillips Curve Long Run Phillips Curve Phillips Curve and Expected Inflation Phillips Curve and Supply Shocks Sacrifice Ratio Disinflation and Deflation

Ch. 22 - Balance of Payments

Balance of Payments: Introduction Balance of Payments: Current Account Balance of Payments: Financial Account and Capital Account Net Exports Equal Net Foreign Investment Balance of Trade; Trade Deficit and Trade Surplus

Ch. 23 - Exchange Rates

Exchange Rates: Introduction Exchange Rates: Nominal and Real Exchange Rates: Equilibrium Exchange Rates: Shifts in Supply and Demand Exchange Rates and Net Exports Exchange Rates: Fixed, Flexible, and Managed Float Exchange Rates: Purchasing Power Parity The Gold Standard The Bretton Woods System

Ch. 24 - Macroeconomic Schools of Thought

Classical Model and Keynesian Model Monetarist Model Quantity Theory of Money New Classical Model Real Business Cycle Model Austrian Model Communism and Karl Marx

Ch. 25 - Dynamic AD/AS Model

Dynamic AD-AS Model: Introduction Dynamic AD-AS Model: Inflation and Recession Dynamic AD-AS Model: Fiscal Policy Dynamic AD-AS Model: Monetary Policy

Ch. 26 - Special Topics

Industrially Advanced Countries (IACs) and Developing Countries (DVCs) Developing Countries: Obstacles to Development Vicious Circle of Poverty

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