ECON*1100

University of Guelph

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. Production and Growth

16min

4.1.1. Production and Growth9 min

4.1.2. Example: Production and Growth 2 min

4.1.3. Example: Catch Up Effect2 min

4.1.4. Practice: Production and Growth34 sec

4.1.5. Practice: Catch Up Effect55 sec

4.1.6. Practice: Rule of 7038 sec

4.1.7. Practice: Human Capital59 sec

5. Saving, Investment and the Financial System

43min

5.1.1. Financial System6 min

5.1.2. Example: Present Value1 min

5.1.3. Practice: Bonds2 min

5.2.1. Government Budget and National Savings8 min

5.2.2. Example: Paradox of Thrift2 min

5.2.3. Practice: Paradox of Thrift1 min

5.2.4. Practice: National Savings1 min

5.3.1. Loanable Funds12 min

5.3.2. Example: Loanable Funds3 min

5.3.3. Practice: Loanable Funds1 min

5.3.4. Practice: Supply and Demand for Loans1 min

5.3.5. Practice: Government Budget and Loans38 sec

5.3.6. Practice: Budget Deficit and Loans2 min

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

5.Q. Checkpoint Quiz0 Qns

6. Unemployment

29min

6.1.1. Labor Force and Unemployment5 min

6.1.2. Example: Labor Force and Unemployment6 min

6.1.3. Practice: Labor Force and Unemployment4 min

6.1.4. Practice: Labor Force2 min

6.1.5. Practice: Unemployment Rate41 sec

6.2.1. Types of Unemployment9 min

6.2.2. Practice: Unemployment1 min

6.2.3. Example: Types of Unemployment2 min

6.Q. Checkpoint Quiz1 Qn

7. The Monetary System

26min

7.1.1. Money and Banking Definitions10 min

7.1.2. Bank Reserves10 min

7.2.1. Bank Capital and Leverage Ratio6 min

7.Q. Checkpoint Quiz6 Qns

8. Money and Prices in the Long Run

27min

8.1.1. Money Supply and Demand8 min

8.2.1. Velocity of Money6 min

8.3.1. Fisher Effect3 min

8.4.1. Costs of Inflation10 min

8.Q. Checkpoint Quiz0 Qns

9. Open Economy Macroeconomics

30min

9.1.1. International Flows of Goods and Services8 min

9.1.2. Example: International Flows of Goods and Services3 min

9.1.3. Practice: International Flows of Goods and Service42 sec

9.1.4. Practice: Net Capital Outflow1 min

9.2.1. Purchasing Power Parity10 min

9.2.2. Example: Purchasing Power Parity4 min

9.2.3. Practice: Purchasing Power Parity3 min

9.2.4. Practice: Exchange Rate42 sec

9.Q. Checkpoint Quiz0 Qns

10. Macroeconomic Theory of the Small Open Economy

23min

10.1.1. Supply and Demand of Foreign Currency11 min

10.2.1. Capital Flight4 min

10.3.1. Balance of Payments8 min

10.Q. Checkpoint Quiz2 Qns

11. Aggregate Demand and Supply

40min

11.1.1. Aggregate Demand11 min

11.2.1. Short Run Aggregate Supply9 min

11.2.2. Long Run Aggregate Supply4 min

11.3.1. Output Gaps (Economic Fluctuations)9 min

11.4.1. Long Run Neutrality of Money7 min

11.Q. Checkpoint Quiz4 Qns

12. Monetary Policy

37min

12.1.1. Monetary Policy Response3 min

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

12.3.1. Money Supply and Demand9 min

12.4.1. Monetary Injection and AD8 min

12.Q. Checkpoint Quiz3 Qns

13. Fiscal Policy

29min

13.1.1. Multiplier Effect11 min

13.2.1. Crowding Out12 min

13.3.1. Automatic Stabilizers5 min

13.Q. Checkpoint Quiz3 Qns

14. Short Run Tradeoff Between Inflation and Unemployment

51min

14.1.1. The Phillips Curve24 min

14.2.1. Supply Shocks and Sacrifice Ratio10 min

14.3.1. Stagflation17 min

14.3.2. Practice: Stagflation

14.Q. Checkpoint Quiz6 Qns

15. International Trade (Exports and Imports)

33min

15.1.1. Exports9 min

15.1.2. Practice: Exports55 sec

15.2.1. Imports with Free Trade8 min

15.2.2. Imports with Tariff9 min

15.2.3. Practice: Tariff1 min

15.3.1. Pros and Cons of Trade5 min

15.3.2. Practice: Pros and Cons of Trade

16. Gains from Trade

46min

16.1.1. Absolute and Comparative Advantage11 min

16.1.2. Example: Absolute and Comparative Advantage7 min

16.1.3. Practice: Absolute and Comparative Advantage3 min

16.2.1. Gains from Trade8 min

16.2.2. Example: Gains from Trade4 min

16.2.3. Example: Consumption (Trading) Possibility Curve7 min

16.2.4. Practice: Gains from Trade5 min

17. Aggregate Expenditure

52min

17.1.1. Aggregate Expenditure Graph6 min

17.2.1. Consumption and Savings12 min

17.2.2. Investment, Government, Net Exports13 min

17.3.1. Equilibrium Output12 min

17.4.1. Adjustments Towards Equilibrium5 min

17.5.1. Leakages and Injections3 min

18. Unemployment Fluctuations and the NAIRU

46min

18.1.1. Employment46 min

18.1.2. Flows in the Labour Market

18.1.3. Practice Questions: Employment and Unemployment

18.2.1. Market Clearing Theory

18.2.2. Non-Market Clearing Theories

18.2.3. Reducing Unemployment

18.2.4. Practice Questions: Unemployment Fluctuations

19. Government Debt and Deficits

1.5hr

19.1.1. The Government Budget Constraint58 min

19.1.2. Debt-to-GDP Ratio

19.1.3. Practice Questions: Government Debts and Deficits

19.2.1. The Budget Deficit Function

19.2.2. Structural and Cyclical Budget Deficit

19.2.3. Practice Questions: The Budget Deficit

19.3.1. Crowding Out35 min

19.3.3. Practice Questions: Effects of Government Debt

20. Exchange Rates and the Balance of Payments

1.8hr

20.1.1. Balance of Payments1.5 hr

20.1.2. Practice Questions: The Balance of Payments

20.2.1. The Exchange Rate

20.2.2. The Supply of Foreign Exchange

20.2.3. The Demand of Foreign Exchange

20.2.4. Practice Questions: Foreign Exchange

20.3.1. Fixed (Pegged) Exchange Rate Regime

20.3.2. Flexible Exchange Rates

20.3.3. Changes in Flexible Exchange Rates

20.3.4. Practice Questions: Determination of Exchange Rates19 min

21. Inflation and Disinflation

1.9hr

21.1.1. Employment1.9 hr

21.1.3. The Phillips Curve

21.1.5. Constant Inflation

21.1.6. Practice Questions: Wages

21.1.7. Practice Questions: Inflation

21.2.1. Demand Shocks

21.2.2. Supply Shocks

21.3.1. Disinflation

21.3.2. The Cost of Disinflation

I Welcome

Free Activity

Welcome

0:00 / 0:49

Ask a Question

Upgrade to Wizeprep Plus and get unlimited questions answered.

Unanswered

Samuel B

what sections cover which midterms?

Unanswered

Anonymous

Is each lesson and practice number separated by chapter?

Want a tour?