ECON 102

UBC

Course Overview

Lessons & Practice

I. Welcome

1. Economic Concepts

29min

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. Positive vs Normative Economics1 min

1.3.2. Practice: Positive and Normative Statements1 min

2. Measuring a Nation's Income

55min

2.1.1. Nominal GDP, Real GDP and Deflator9 min

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

2.1.3. Example: Deflator Calculation3 min

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

2.1.5. Practice: Real and Nominal GDP1 min

2.2.1. Real GDP Per Capita8 min

2.2.2. Example: Real GDP Per Capita53 sec

2.2.3. Practice: Real GDP Per Capita23 sec

2.3.1. Circular Flow Diagram3 min

2.3.2. Practice: Circular Flow Diagram Practice Question1 min

2.4.1. GDP - Expenditure Approach6 min

2.4.2. Example: GDP - Expenditure Approach55 sec

2.4.3. Practice: GDP - Expenditure Approach40 sec

2.4.4. Practice: GDP and Investment Expenditure35 sec

2.4.5. Practice: GDP and Inventory1 min

2.5.1. GDP - Income Approach5 min

2.5.2. Example: GDP - Income Approach4 min

2.6.1. GDP vs GNP53 sec

2.6.2. Example: GDP vs GNP1 min

2.6.3. Practice: GDP vs GNP55 sec

3. Measuring the Cost of Living and Inflation

28min

3.1.1. CPI (Consumer Price Index)13 min

3.1.2. Example: CPI5 min

3.1.3. Practice: CPI34 sec

3.1.4. Practice: CPI Definition59 sec

3.1.5. Practice: CPI Calculation2 min

3.2.1. Real and Nominal Interest3 min

3.2.2. Example: Real and Nominal Interest2 min

3.2.3. Practice: Real Interest and CPI1 min

3.Q. Checkpoint Quiz1 Qn

4. Unemployment

29min

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

4.2.1. Types of Unemployment9 min

4.2.2. Example: Types of Unemployment2 min

4.2.3. Practice: Unemployment1 min

4.Q. Checkpoint Quiz1 Qn

5. Production and 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. Aggregate Expenditure

52min

6.1.1. Aggregate Expenditure Graph6 min

6.2.1. Consumption and Savings12 min

6.2.2. Investment, Government, Net Exports13 min

6.3.1. Equilibrium Output12 min

6.4.1. Adjustments Towards Equilibrium5 min

6.5.1. Leakages and Injections3 min

7. Aggregate Demand and Supply

40min

7.1.1. Aggregate Demand11 min

7.2.1. Short Run Aggregate Supply9 min

7.2.2. Long Run Aggregate Supply4 min

7.3.1. Output Gaps (Economic Fluctuations)9 min

7.4.1. Long Run Neutrality of Money7 min

7.Q. Checkpoint Quiz4 Qns

8. The Monetary System

26min

8.1.1. Money and Banking Definitions10 min

8.1.2. Bank Reserves10 min

8.2.1. Bank Capital and Leverage Ratio6 min

8.Q. Checkpoint Quiz6 Qns

9. Monetary Policy

53min

9.1.1. Monetary Policy Response3 min

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

9.3.1. Money Supply and Demand9 min

9.4.1. Monetary Injection and AD8 min

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

9.Q. Checkpoint Quiz3 Qns

10. Fiscal Policy

29min

10.1.1. Multiplier Effect11 min

10.2.1. Crowding Out12 min

10.3.1. Automatic Stabilizers5 min

10.Q. Checkpoint Quiz3 Qns

11. Saving, Investment and the Financial System

43min

11.1.1. Financial System6 min

11.1.2. Example: Present Value1 min

11.1.3. Practice: Bonds2 min

11.2.1. Government Budget and National Savings8 min

11.2.2. Example: Paradox of Thrift2 min

11.2.3. Practice: Paradox of Thrift1 min

11.2.4. Practice: National Savings1 min

11.3.1. Loanable Funds12 min

11.3.2. Example: Loanable Funds3 min

11.3.3. Practice: Loanable Funds1 min

11.3.4. Practice: Supply and Demand for Loans1 min

11.3.5. Practice: Government Budget and Loans38 sec

11.3.6. Practice: Budget Deficit and Loans2 min

11.3.7. Practice: Factors That Affect Supply and Demand for Loans2 min

11.Q. Checkpoint Quiz0 Qns

12. Open Economy Macroeconomics

30min

12.1.1. International Flows of Goods and Services8 min

12.1.2. Example: International Flows of Goods and Services3 min

12.1.3. Practice: International Flows of Goods and Service42 sec

12.1.4. Practice: Net Capital Outflow1 min

12.2.1. Purchasing Power Parity10 min

12.2.2. Example: Purchasing Power Parity4 min

12.2.3. Practice: Purchasing Power Parity3 min

12.2.4. Practice: Exchange Rate42 sec

12.Q. Checkpoint Quiz0 Qns

13. Macroeconomic Theory of the Small Open Economy

23min

13.1.1. Supply and Demand of Foreign Currency11 min

13.2.1. Capital Flight4 min

13.3.1. Balance of Payments8 min

13.Q. Checkpoint Quiz2 Qns

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. Exchange Rates and the Balance of Payments

1.8hr

15.1.1. Balance of Payments1.5 hr

15.1.2. Practice Questions: The Balance of Payments

15.2.1. The Exchange Rate

15.2.2. The Supply of Foreign Exchange

15.2.3. The Demand of Foreign Exchange

15.2.4. Practice Questions: Foreign Exchange

15.3.1. Fixed (Pegged) Exchange Rate Regime

15.3.2. Flexible Exchange Rates

15.3.3. Changes in Flexible Exchange Rates

15.3.4. Practice Questions: Determination of Exchange Rates19 min

16. Unemployment Fluctuations and the NAIRU

46min

16.1.1. Employment46 min

16.1.2. Flows in the Labour Market

16.1.3. Practice Questions: Employment and Unemployment

16.2.1. Market Clearing Theory

16.2.2. Non-Market Clearing Theories

16.2.3. Reducing Unemployment

16.2.4. Practice Questions: Unemployment Fluctuations

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

Midterm Test 2 Overview

Course Notes

Wizeprep's course notes with hundreds of easy-to-understand explanations, diagrams, and practice problems.

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