ECON 2006

Course Overview

Lessons & Practice

I. Welcome

48 sec

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. Demand and Supply

43min

2.1.1. Demand9 min

2.1.2. Example: Demand1 min

2.1.3. Practice: Demand2 min

2.2.1. Supply7 min

2.2.2. Practice: Supply1 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 a Nation's Income

55min

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. Real GDP Per Capita8 min

3.2.2. Example: Real GDP Per Capita53 sec

3.2.3. Practice: Real GDP Per Capita23 sec

3.3.1. Circular Flow Diagram3 min

3.3.2. Practice: Circular Flow Diagram Practice Question1 min

3.4.1. GDP - Expenditure Approach6 min

3.4.2. Example: GDP - Expenditure Approach55 sec

3.4.3. Practice: GDP - Expenditure Approach40 sec

3.4.4. Practice: GDP and Investment Expenditure35 sec

3.4.5. Practice: GDP and Inventory1 min

3.5.1. GDP - Income Approach5 min

3.5.2. Example: GDP - Income Approach4 min

3.6.1. GDP vs GNP53 sec

3.6.2. Example: GDP vs GNP1 min

3.6.3. Practice: GDP vs GNP55 sec

4. Measuring the Cost of Living and Inflation

28min

4.1.1. CPI (Consumer Price Index)13 min

4.1.2. Example: CPI5 min

4.1.3. Practice: CPI34 sec

4.1.4. Practice: CPI Definition59 sec

4.1.5. Practice: CPI Calculation2 min

4.2.1. Real and Nominal Interest3 min

4.2.2. Example: Real and Nominal Interest2 min

4.2.3. Practice: Real Interest and CPI1 min

4.Q. Checkpoint Quiz1 Qn

5. Unemployment

29min

5.1.1. Labor Force and Unemployment5 min

5.1.2. Example: Labor Force and Unemployment6 min

5.1.3. Practice: Labor Force and Unemployment4 min

5.1.4. Practice: Labor Force2 min

5.1.5. Practice: Unemployment Rate41 sec

5.2.1. Types of Unemployment9 min

5.2.2. Example: Types of Unemployment2 min

5.2.3. Practice: Unemployment1 min

5.Q. Checkpoint Quiz1 Qn

6. Production and Growth

16min

6.1.1. Production and Growth9 min

6.1.2. Example: Production and Growth 2 min

6.1.3. Example: Catch Up Effect2 min

6.1.4. Practice: Production and Growth34 sec

6.1.5. Practice: Catch Up Effect55 sec

6.1.6. Practice: Rule of 7038 sec

6.1.7. Practice: Human Capital59 sec

7. Saving, Investment and the Financial System

43min

7.1.1. Financial System6 min

7.1.2. Example: Present Value1 min

7.1.3. Practice: Bonds2 min

7.2.1. Government Budget and National Savings8 min

7.2.2. Example: Paradox of Thrift2 min

7.2.3. Practice: Paradox of Thrift1 min

7.2.4. Practice: National Savings1 min

7.3.1. Loanable Funds12 min

7.3.2. Example: Loanable Funds3 min

7.3.3. Practice: Loanable Funds1 min

7.3.4. Practice: Supply and Demand for Loans1 min

7.3.5. Practice: Government Budget and Loans38 sec

7.3.6. Practice: Budget Deficit and Loans2 min

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

7.Q. Checkpoint Quiz0 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. Money and Prices in the Long Run

27min

9.1.1. Money Supply and Demand8 min

9.2.1. Velocity of Money6 min

9.3.1. Fisher Effect3 min

9.4.1. Costs of Inflation10 min

9.Q. Checkpoint Quiz0 Qns

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. Fiscal Policy

29min

11.1.1. Multiplier Effect11 min

11.2.1. Crowding Out12 min

11.3.1. Automatic Stabilizers5 min

11.Q. Checkpoint Quiz3 Qns

12. Monetary Policy

53min

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

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

12.Q. Checkpoint Quiz3 Qns

13. Government Debt and Deficits

1.5hr

13.1.1. The Government Budget Constraint58 min

13.1.2. Debt-to-GDP Ratio

13.1.3. Practice Questions: Government Debts and Deficits

13.2.1. The Budget Deficit Function

13.2.2. Structural and Cyclical Budget Deficit

13.2.3. Practice Questions: The Budget Deficit

13.3.1. Crowding Out35 min

13.3.2. Theory

13.3.3. Practice Questions: Effects of Government Debt

14. Exchange Rates and the Balance of Payments

1.8hr

14.1.1. Balance of Payments1.5 hr

14.1.2. Practice Questions: The Balance of Payments

14.2.1. The Exchange Rate

14.2.2. The Supply of Foreign Exchange

14.2.3. The Demand of Foreign Exchange

14.2.4. Practice Questions: Foreign Exchange

14.3.1. Fixed (Pegged) Exchange Rate Regime

14.3.2. Flexible Exchange Rates

14.3.3. Changes in Flexible Exchange Rates

14.3.4. Practice Questions: Determination of Exchange Rates19 min

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. Inflation and Disinflation

1.9hr

16.1.1. Employment1.9 hr

16.1.2. Wages

16.1.3. The Phillips Curve

16.1.4. Prices

16.1.5. Constant Inflation

16.1.6. Practice Questions: Wages

16.1.7. Practice Questions: Inflation

16.2.1. Demand Shocks

16.2.2. Supply Shocks

16.2.3. Theory

16.3.1. Disinflation

16.3.2. The Cost of Disinflation

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Unanswered

Samuel B

what sections cover which midterms?

Unanswered

Anonymous

Is each lesson and practice number separated by chapter?

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