EC 202

MSU

Course Overview

Lessons & Practice

I. Welcome

1. Introductory ideas

1.5hr

1.1.1. Definitions8 min

1.1.2. Practice: Definitions51 sec

1.2.1. Production Possibilities Frontier: Concave PPF8 min

1.2.2. Production Possibilities Frontier: Linear PPF3 min

1.2.3. Example: PPF and Opportunity Cost1 min

1.2.4. Example: PPF and Efficiency2 min

1.2.5. Practice: PPF2 min

1.2.6. Practice: Opportunity Cost2 min

1.3.1. Production and Allocative Efficiency9 min

1.3.2. Example: Production and Allocative Efficiency2 min

1.3.3. Example: Efficiency with Different Market Structures1 min

1.4.1. Marginal Benefit and Marginal Cost5 min

1.4.2. Practice: Marginal Benefit and Cost3 min

1.5.1. Absolute and Comparative Advantage11 min

1.5.2. Example: Absolute and Comparative Advantage7 min

1.5.3. Practice: Absolute and Comparative Advantage3 min

1.5.4. Gains from Trade8 min

1.5.5. Example: Gains from Trade4 min

1.5.6. Example: Consumption (Trading) Possibility Curve7 min

1.5.7. Practice: Gains from Trade5 min

2. Supply and demand

43min

2.1.1. Supply7 min

2.1.2. Practice: Supply1 min

2.2.1. Demand9 min

2.2.2. Example: Demand1 min

2.2.3. Practice: Demand2 min

2.3.1. Market Equilibrium5 min

2.3.2. Example: Equilibrium with a Table4 min

2.3.3. Example: Drawing Graphs4 min

2.3.4. Practice: Drawing Graphs3 min

2.3.5. Practice: Graphs with One Good2 min

2.3.6. Practice: Graphs with Two Different Goods3 min

2.3.7. Practice: Equilibrium with Equations2 min

3. Measuring GDP

52min

3.1.1. Nominal GDP, Real GDP and Deflator9 min

3.1.2. Example: Nominal GDP, Real GDP and Deflator3 min

3.1.3. Example: Deflator Calculation3 min

3.1.4. Practice: Nominal GDP, Real GDP and Deflator1 min

3.1.5. Practice: Real and Nominal GDP1 min

3.2.1. Circular Flow Diagram3 min

3.2.2. Practice: Circular Flow Diagram Practice Question1 min

3.3.1. GDP - Expenditure Approach6 min

3.3.2. Example: GDP - Expenditure Approach55 sec

3.3.3. Practice: GDP - Expenditure Approach40 sec

3.3.4. Practice: GDP and Investment Expenditure35 sec

3.3.5. Practice: GDP and Inventory1 min

3.3.6. GDP - Income Approach5 min

3.3.7. Example: GDP - Income Approach4 min

3.4.1. Real GDP Per Capita8 min

3.4.2. Example: Real GDP Per Capita53 sec

3.4.3. Practice: Real GDP Per Capita23 sec

4. The Phillips curve

1.4hr

4.1.1. Labor Force and Unemployment5 min

4.1.2. Example: Labor Force and Unemployment6 min

4.1.3. Practice: Labor Force and Unemployment4 min

4.1.4. Practice: Labor Force2 min

4.1.5. Practice: Unemployment Rate41 sec

4.1.6. Types of Unemployment9 min

4.1.7. Example: Types of Unemployment2 min

4.1.8. Practice: Unemployment1 min

4.2.1. CPI (Consumer Price Index)13 min

4.2.2. Example: CPI5 min

4.2.3. Practice: CPI34 sec

4.2.4. Practice: CPI Definition59 sec

4.2.5. Practice: CPI Calculation2 min

4.2.6. Costs of Inflation10 min

4.3.1. The Phillips Curve24 min

5. Economic growth

16min

5.1.1. Production and Growth9 min

5.1.2. Example: Production and Growth 2 min

5.1.3. Example: Catch Up Effect2 min

5.1.4. Practice: Production and Growth34 sec

5.1.5. Practice: Catch Up Effect55 sec

5.1.6. Practice: Rule of 7038 sec

5.1.7. Practice: Human Capital59 sec

6. The AS-AD model

40min

6.1.1. Short Run Aggregate Supply9 min

6.1.2. Long Run Aggregate Supply4 min

6.2.1. Aggregate Demand11 min

6.3.1. Output Gaps (Economic Fluctuations)9 min

6.4.1. Long Run Neutrality of Money7 min

6.Q. Checkpoint Quiz4 Qns

7. Multipliers

11min

7.1.1. Multiplier Effect11 min

8. Business Cycles

27min

8.1.1. Supply Shocks and Sacrifice Ratio10 min

8.2.1. Stagflation17 min

8.2.2. Practice: Stagflation

9. Fiscal Policy

1.3hr

9.1.1. Government Budget and National Savings8 min

9.1.2. Example: Paradox of Thrift2 min

9.1.3. Practice: Paradox of Thrift1 min

9.1.4. Practice: National Savings1 min

9.2.1. Aggregate Expenditure Graph6 min

9.2.2. Consumption and Savings12 min

9.2.3. Investment, Government, Net Exports13 min

9.3.1. Equilibrium Output12 min

9.4.1. Adjustments Towards Equilibrium5 min

9.5.1. Leakages and Injections3 min

9.6.1. Automatic Stabilizers5 min

9.7.1. Crowding Out12 min

9.Q. Checkpoint Quiz3 Qns

10. Money and Prices

44min

10.1.1. Money and Banking Definitions10 min

10.1.2. Bank Reserves10 min

10.2.1. Bank Capital and Leverage Ratio6 min

10.3.1. Money Supply and Demand8 min

10.4.1. Velocity of Money6 min

10.5.1. Fisher Effect3 min

10.Q. Checkpoint Quiz6 Qns

11. Monetary Policy

53min

11.1.1. Monetary Policy, Open Market Operations and Overnight Rate16 min

11.2.1. Monetary Policy Response3 min

11.3.1. Money Supply and Demand9 min

11.4.1. Monetary Injection and AD8 min

11.4.2. Monetary Injection with a Flexible/Fixed Exchange Rate16 min

11.Q. Checkpoint Quiz3 Qns

12. Balance of Payments

20min

12.1.1. Supply and Demand of Foreign Currency11 min

12.1.2. Practice: Exchange Rate42 sec

12.2.1. Balance of Payments8 min

13. Trade Policy

44min

13.1.1. International Flows of Goods and Services8 min

13.1.2. Example: International Flows of Goods and Services3 min

13.1.3. Practice: International Flows of Goods and Service42 sec

13.1.4. Pros and Cons of Trade5 min

13.1.5. Practice: Pros and Cons of Trade

13.1.6. Exports9 min

13.1.7. Practice: Exports55 sec

13.1.8. Imports with Free Trade8 min

13.2.1. Imports with Tariff9 min

13.2.2. Practice: Tariff1 min

14. Government Debt and Deficits

1.5hr

14.1.1. The Government Budget Constraint58 min

14.1.2. Debt-to-GDP Ratio

14.1.3. Practice Questions: Government Debts and Deficits

14.2.1. The Budget Deficit Function

14.2.2. Structural and Cyclical Budget Deficit

14.2.3. Practice Questions: The Budget Deficit

14.3.1. Crowding Out35 min

14.3.3. Practice Questions: Effects of Government Debt

15. Unemployment Fluctuations and the NAIRU

46min

15.1.1. Employment46 min

15.1.2. Flows in the Labour Market

15.1.3. Practice Questions: Employment and Unemployment

15.2.1. Market Clearing Theory

15.2.2. Non-Market Clearing Theories

15.2.3. Reducing Unemployment

15.2.4. Practice Questions: Unemployment Fluctuations

16. Exchange Rates and the Balance of Payments

1.8hr

16.1.1. Balance of Payments1.5 hr

16.1.2. Practice Questions: The Balance of Payments

16.2.1. The Exchange Rate

16.2.2. The Supply of Foreign Exchange

16.2.3. The Demand of Foreign Exchange

16.2.4. Practice Questions: Foreign Exchange

16.3.1. Fixed (Pegged) Exchange Rate Regime

16.3.2. Flexible Exchange Rates

16.3.3. Changes in Flexible Exchange Rates

16.3.4. Practice Questions: Determination of Exchange Rates19 min

17. Inflation and Disinflation

1.9hr

17.1.1. Employment1.9 hr

17.1.3. The Phillips Curve

17.1.5. Constant Inflation

17.1.6. Practice Questions: Wages

17.1.7. Practice Questions: Inflation

17.2.1. Demand Shocks

17.2.2. Supply Shocks

17.3.1. Disinflation

17.3.2. The Cost of Disinflation

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Samuel B

what sections cover which midterms?

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Anonymous

Is each lesson and practice number separated by chapter?

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