ECON 1BB3

Mac

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. Gains from Trade

46min

2.1.1. Absolute and Comparative Advantage11 min

2.1.2. Example: Absolute and Comparative Advantage7 min

2.1.3. Practice: Absolute and Comparative Advantage3 min

2.2.1. Gains from Trade8 min

2.2.2. Example: Gains from Trade4 min

2.2.3. Example: Consumption (Trading) Possibility Curve7 min

2.2.4. Practice: Gains from Trade5 min

3. Demand and Supply

43min

3.1.1. Demand9 min

3.1.2. Example: Demand1 min

3.1.3. Practice: Demand2 min

3.2.1. Supply7 min

3.2.2. Practice: Supply1 min

3.3.1. Market Equilibrium5 min

3.3.2. Example: Equilibrium with a Table4 min

3.3.3. Example: Drawing Graphs4 min

3.3.4. Practice: Drawing Graphs3 min

3.3.5. Practice: Graphs with One Good2 min

3.3.6. Practice: Graphs with Two Different Goods3 min

3.3.7. Practice: Equilibrium with Equations2 min

4. Measuring a Nation's Income

55min

4.1.1. Nominal GDP, Real GDP and Deflator9 min

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

4.1.3. Example: Deflator Calculation3 min

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

4.1.5. Practice: Real and Nominal GDP1 min

4.2.1. Real GDP Per Capita8 min

4.2.2. Example: Real GDP Per Capita53 sec

4.2.3. Practice: Real GDP Per Capita23 sec

4.3.1. Circular Flow Diagram3 min

4.3.2. Practice: Circular Flow Diagram Practice Question1 min

4.4.1. GDP - Expenditure Approach6 min

4.4.2. Example: GDP - Expenditure Approach55 sec

4.4.3. Practice: GDP - Expenditure Approach40 sec

4.4.4. Practice: GDP and Investment Expenditure35 sec

4.4.5. Practice: GDP and Inventory1 min

4.5.1. GDP - Income Approach5 min

4.5.2. Example: GDP - Income Approach4 min

4.6.1. GDP vs GNP53 sec

4.6.2. Example: GDP vs GNP1 min

4.6.3. Practice: GDP vs GNP55 sec

5. Measuring the Cost of Living and Inflation

28min

5.1.1. CPI (Consumer Price Index)13 min

5.1.2. Example: CPI5 min

5.1.3. Practice: CPI34 sec

5.1.4. Practice: CPI Definition59 sec

5.1.5. Practice: CPI Calculation2 min

5.2.1. Real and Nominal Interest3 min

5.2.2. Example: Real and Nominal Interest2 min

5.2.3. Practice: Real Interest and CPI1 min

5.Q. Checkpoint Quiz1 Qn

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. Example: Types of Unemployment2 min

6.2.3. Practice: Unemployment1 min

6.Q. Checkpoint Quiz1 Qn

7. Production and Growth

16min

7.1.1. Production and Growth9 min

7.1.2. Example: Production and Growth 2 min

7.1.3. Example: Catch Up Effect2 min

7.1.4. Practice: Production and Growth34 sec

7.1.5. Practice: Catch Up Effect55 sec

7.1.6. Practice: Rule of 7038 sec

7.1.7. Practice: Human Capital59 sec

8. Saving, Investment and the Financial System

43min

8.1.1. Financial System6 min

8.1.2. Example: Present Value1 min

8.1.3. Practice: Bonds2 min

8.2.1. Government Budget and National Savings8 min

8.2.2. Example: Paradox of Thrift2 min

8.2.3. Practice: Paradox of Thrift1 min

8.2.4. Practice: National Savings1 min

8.3.1. Loanable Funds12 min

8.3.2. Example: Loanable Funds3 min

8.3.3. Practice: Loanable Funds1 min

8.3.4. Practice: Supply and Demand for Loans1 min

8.3.5. Practice: Government Budget and Loans38 sec

8.3.6. Practice: Budget Deficit and Loans2 min

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

8.Q. Checkpoint Quiz0 Qns

9. Aggregate Expenditure

52min

9.1.1. Aggregate Expenditure Graph6 min

9.2.1. Consumption and Savings12 min

9.2.2. 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

10. Aggregate Demand and Supply

40min

10.1.1. Aggregate Demand11 min

10.2.1. Short Run Aggregate Supply9 min

10.2.2. Long Run Aggregate Supply4 min

10.3.1. Output Gaps (Economic Fluctuations)9 min

10.4.1. Long Run Neutrality of Money7 min

10.Q. Checkpoint Quiz4 Qns

11. The Monetary System

26min

11.1.1. Money and Banking Definitions10 min

11.1.2. Bank Reserves10 min

11.2.1. Bank Capital and Leverage Ratio6 min

11.Q. Checkpoint Quiz6 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. Monetary Policy

53min

14.1.1. Monetary Policy Response3 min

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

14.3.1. Money Supply and Demand9 min

14.4.1. Monetary Injection and AD8 min

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

14.Q. Checkpoint Quiz3 Qns

15. Fiscal Policy

29min

15.1.1. Multiplier Effect11 min

15.2.1. Crowding Out12 min

15.3.1. Automatic Stabilizers5 min

15.Q. Checkpoint Quiz3 Qns

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

18. Exchange Rates and the Balance of Payments

1.8hr

18.1.1. Balance of Payments1.5 hr

18.1.2. Practice Questions: The Balance of Payments

18.2.1. The Exchange Rate

18.2.2. The Supply of Foreign Exchange

18.2.3. The Demand of Foreign Exchange

18.2.4. Practice Questions: Foreign Exchange

18.3.1. Fixed (Pegged) Exchange Rate Regime

18.3.2. Flexible Exchange Rates

18.3.3. Changes in Flexible Exchange Rates

18.3.4. Practice Questions: Determination of Exchange Rates19 min

19. Unemployment Fluctuations and the NAIRU

46min

19.1.1. Employment46 min

19.1.2. Flows in the Labour Market

19.1.3. Practice Questions: Employment and Unemployment

19.2.1. Market Clearing Theory

19.2.2. Non-Market Clearing Theories

19.2.3. Reducing Unemployment

19.2.4. Practice Questions: Unemployment Fluctuations

20. Inflation and Disinflation

1.9hr

20.1.1. Employment1.9 hr

20.1.3. The Phillips Curve

20.1.5. Constant Inflation

20.1.6. Practice Questions: Wages

20.1.7. Practice Questions: Inflation

20.2.1. Demand Shocks

20.2.2. Supply Shocks

20.3.1. Disinflation

20.3.2. The Cost of Disinflation

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Samuel B

what sections cover which midterms?

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Is each lesson and practice number separated by chapter?

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