ECON 1022

UWO

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. Saving, Investment and the Financial System

43min

6.1.1. Financial System6 min

6.1.2. Example: Present Value1 min

6.1.3. Practice: Bonds2 min

6.2.1. Government Budget and National Savings8 min

6.2.2. Example: Paradox of Thrift2 min

6.2.3. Practice: Paradox of Thrift1 min

6.2.4. Practice: National Savings1 min

6.3.1. Loanable Funds12 min

6.3.2. Example: Loanable Funds3 min

6.3.3. Practice: Loanable Funds1 min

6.3.4. Practice: Supply and Demand for Loans1 min

6.3.5. Practice: Government Budget and Loans38 sec

6.3.6. Practice: Budget Deficit and Loans2 min

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

6.Q. Checkpoint Quiz0 Qns

7. Money and Prices in the Long Run

27min

7.1.1. Money Supply and Demand8 min

7.2.1. Velocity of Money6 min

7.3.1. Fisher Effect3 min

7.4.1. Costs of Inflation10 min

7.Q. Checkpoint Quiz0 Qns

8. Exchange Rates and the Balance of Payments

1.8hr

8.1.1. Balance of Payments1.5 hr

8.1.2. Practice Questions: The Balance of Payments

8.2.1. The Exchange Rate

8.2.2. The Supply of Foreign Exchange

8.2.3. The Demand of Foreign Exchange

8.2.4. Practice Questions: Foreign Exchange

8.3.1. Fixed (Pegged) Exchange Rate Regime

8.3.2. Flexible Exchange Rates

8.3.3. Changes in Flexible Exchange Rates

8.3.4. Practice Questions: Determination of Exchange Rates19 min

9. Aggregate Demand and Supply

40min

9.1.1. Aggregate Demand11 min

9.2.1. Short Run Aggregate Supply9 min

9.2.2. Long Run Aggregate Supply4 min

9.3.1. Output Gaps (Economic Fluctuations)9 min

9.4.1. Long Run Neutrality of Money7 min

9.Q. Checkpoint Quiz4 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. Monetary Policy

50min

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

11.2.1. Money Supply and Demand9 min

11.3.1. Monetary Injection and AD8 min

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

11.Q. Checkpoint Quiz3 Qns

12. Gains from Trade

46min

12.1.1. Absolute and Comparative Advantage11 min

12.1.2. Example: Absolute and Comparative Advantage7 min

12.1.3. Practice: Absolute and Comparative Advantage3 min

12.2.1. Gains from Trade8 min

12.2.2. Example: Gains from Trade4 min

12.2.3. Example: Consumption (Trading) Possibility Curve7 min

12.2.4. Practice: Gains from Trade5 min

13. The Monetary System

26min

13.1.1. Money and Banking Definitions10 min

13.1.2. Bank Reserves10 min

13.2.1. Bank Capital and Leverage Ratio6 min

13.Q. Checkpoint Quiz6 Qns

14. Open Economy Macroeconomics

30min

14.1.1. International Flows of Goods and Services8 min

14.1.2. Example: International Flows of Goods and Services3 min

14.1.3. Practice: International Flows of Goods and Service42 sec

14.1.4. Practice: Net Capital Outflow1 min

14.2.1. Purchasing Power Parity10 min

14.2.2. Example: Purchasing Power Parity4 min

14.2.3. Practice: Purchasing Power Parity3 min

14.2.4. Practice: Exchange Rate42 sec

14.Q. Checkpoint Quiz0 Qns

15. Aggregate Expenditure

52min

15.1.1. Aggregate Expenditure Graph6 min

15.2.1. Consumption and Savings12 min

15.2.2. Investment, Government, Net Exports13 min

15.3.1. Equilibrium Output12 min

15.4.1. Adjustments Towards Equilibrium5 min

15.5.1. Leakages and Injections3 min

16. International Trade (Exports and Imports)

33min

16.1.1. Exports9 min

16.1.2. Practice: Exports55 sec

16.2.1. Imports with Free Trade8 min

16.2.2. Imports with Tariff9 min

16.2.3. Practice: Tariff1 min

16.3.1. Pros and Cons of Trade5 min

16.3.2. Practice: Pros and Cons of Trade

17. Government Debt and Deficits

1.5hr

17.1.1. The Government Budget Constraint58 min

17.1.2. Debt-to-GDP Ratio

17.1.3. Practice Questions: Government Debts and Deficits

17.2.1. The Budget Deficit Function

17.2.2. Structural and Cyclical Budget Deficit

17.2.3. Practice Questions: The Budget Deficit

17.3.1. Crowding Out35 min

17.3.3. Practice Questions: Effects of Government Debt

Mock Exam

ME.1. Midterm 1 - Mock Assessment43 Qns

ME.1 Midterm 1 - Mock Assessment

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Midterm 1 - Mock Assessment

This mock exam has 43 questions

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