ECON 295

McGill

Course Overview

Grade Boosters

Lessons & Practice

1. Measuring a Nation's Income

55min

1.1.1. Nominal GDP, Real GDP and Deflator9 min

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

1.1.3. Example: Deflator Calculation3 min

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

1.1.5. Practice: Real and Nominal GDP1 min

1.2.1. Real GDP Per Capita8 min

1.2.2. Example: Real GDP Per Capita53 sec

1.2.3. Practice: Real GDP Per Capita23 sec

1.3.1. Circular Flow Diagram3 min

1.3.2. Practice: Circular Flow Diagram Practice Question1 min

1.4.1. GDP - Expenditure Approach6 min

1.4.2. Example: GDP - Expenditure Approach55 sec

1.4.3. Practice: GDP - Expenditure Approach40 sec

1.4.4. Practice: GDP and Investment Expenditure35 sec

1.4.5. Practice: GDP and Inventory1 min

1.5.1. GDP - Income Approach5 min

1.5.2. Example: GDP - Income Approach4 min

1.6.1. GDP vs GNP53 sec

1.6.2. Example: GDP vs GNP1 min

1.6.3. Practice: GDP vs GNP55 sec

2. Measuring the Cost of Living and Inflation

28min

2.1.1. CPI (Consumer Price Index)13 min

2.1.2. Example: CPI5 min

2.1.3. Practice: CPI34 sec

2.1.4. Practice: CPI Definition59 sec

2.1.5. Practice: CPI Calculation2 min

2.2.1. Real and Nominal Interest3 min

2.2.2. Example: Real and Nominal Interest2 min

2.2.3. Practice: Real Interest and CPI1 min

2.Q. Checkpoint Quiz1 Qn

3. Unemployment

29min

3.1.1. Labor Force and Unemployment5 min

3.1.2. Example: Labor Force and Unemployment6 min

3.1.3. Practice: Labor Force and Unemployment4 min

3.1.4. Practice: Labor Force2 min

3.1.5. Practice: Unemployment Rate41 sec

3.2.1. Types of Unemployment9 min

3.2.2. Example: Types of Unemployment2 min

3.2.3. Practice: Unemployment1 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. Aggregate Expenditure

52min

5.1.1. Aggregate Expenditure Graph6 min

5.2.1. Consumption and Savings12 min

5.2.2. Investment, Government, Net Exports13 min

5.3.1. Equilibrium Output12 min

5.4.1. Adjustments Towards Equilibrium5 min

5.5.1. Leakages and Injections3 min

6. Aggregate Demand and Supply

40min

6.1.1. Aggregate Demand11 min

6.2.1. Short Run Aggregate Supply9 min

6.2.2. Long Run Aggregate Supply4 min

6.3.1. Output Gaps (Economic Fluctuations)9 min

6.4.1. Long Run Neutrality of Money7 min

6.Q. Checkpoint Quiz4 Qns

7. Fiscal Policy

29min

7.1.1. Multiplier Effect11 min

7.2.1. Crowding Out12 min

7.3.1. Automatic Stabilizers5 min

7.Q. Checkpoint Quiz3 Qns

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. The Monetary System

26min

9.1.1. Money and Banking Definitions10 min

9.1.2. Bank Reserves10 min

9.2.1. Bank Capital and Leverage Ratio6 min

9.Q. Checkpoint Quiz6 Qns

10. Monetary Policy

53min

10.1.1. Monetary Policy Response3 min

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

10.3.1. Money Supply and Demand9 min

10.4.1. Monetary Injection and AD8 min

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

10.Q. Checkpoint Quiz3 Qns

11. Inflation and Disinflation

1.9hr

11.1.1. Employment1.9 hr

11.1.3. The Phillips Curve

11.1.5. Constant Inflation

11.1.6. Practice Questions: Wages

11.1.7. Practice Questions: Inflation

11.2.1. Demand Shocks

11.2.2. Supply Shocks

11.3.1. Disinflation

11.3.2. The Cost of Disinflation

12. Unemployment Fluctuations and the NAIRU

46min

12.1.1. Employment46 min

12.1.2. Flows in the Labour Market

12.1.3. Practice Questions: Employment and Unemployment

12.2.1. Market Clearing Theory

12.2.2. Non-Market Clearing Theories

12.2.3. Reducing Unemployment

12.2.4. Practice Questions: Unemployment Fluctuations

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

13.3.3. 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

Mock Exam

ME.1. Midterm Exam - Mock Assessment58 Qns

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