Macroeconomics

General Course

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. 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. Gains from Trade

46min

6.1.1. Absolute and Comparative Advantage11 min

6.1.2. Example: Absolute and Comparative Advantage7 min

6.1.3. Practice: Absolute and Comparative Advantage3 min

6.2.1. Gains from Trade8 min

6.2.2. Example: Gains from Trade4 min

6.2.3. Example: Consumption (Trading) Possibility Curve7 min

6.2.4. Practice: Gains from Trade5 min

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. Money and Banking

38min

8.1.1. Money and Banking Definitions10 min

8.1.2. Bank Reserves10 min

8.1.3. Practice: Loans and Money Supply3 min

8.1.4. Practice: Interest Rates3 min

8.1.5. Practice: Reserve Ratio1 min

8.1.6. Practice: Currency and Reserves1 min

8.1.7. Practice: M1 and M22 min

8.1.8. Practice: Money Supply1 min

8.2.1. Bank Capital and Leverage Ratio6 min

8.2.2. Practice: Leverage Ratio1 min

8.Q. Checkpoint Quiz6 Qns

9. Money Market and Velocity of Money

40min

9.1.1. Money Supply and Demand8 min

9.1.2. Practice: Money Neutrality2 min

9.2.1. Velocity of Money6 min

9.2.2. Practice: Quantity Theory of Money2 min

9.2.3. Practice: Quantity Equation54 sec

9.3.1. Fisher Effect3 min

9.3.2. Practice: Fisher Effect2 min

9.4.1. Costs of Inflation10 min

9.4.2. Practice: Hyperinflation2 min

9.4.3. Practice: Costs of Inflation4 min

9.Q. Checkpoint Quiz0 Qns

10. International Flows and Purchasing Power Parity

30min

10.1.1. International Flows of Goods and Services8 min

10.1.2. Example: International Flows of Goods and Services3 min

10.1.3. Practice: International Flows of Goods and Service42 sec

10.1.4. Practice: Net Capital Outflow1 min

10.2.1. Purchasing Power Parity10 min

10.2.2. Example: Purchasing Power Parity4 min

10.2.3. Practice: Purchasing Power Parity3 min

10.2.4. Practice: Exchange Rate42 sec

11. Balance of Payments and Foreign Currency Market

52min

11.1.1. Net Capital Outflow and Supply and Demand of Foreign Currency11 min

11.1.2. Practice: Interest Rate and Net Capital Outflow3 min

11.1.3. Practice: Appreciation and Depreciation5 min

11.1.4. Supply and Demand Of Foreign Currency9 min

11.1.5. Practice: Government and Net Capital Outflow3 min

11.1.6. Practice: Appreciation and Depreciation2 min

11.2.1. Capital Flight4 min

11.2.2. Practice: Capital Flight2 min

11.3.1. Balance of Payments8 min

11.3.2. Practice: Balance of Payments3 min

11.Q. Checkpoint Quiz2 Qns

12. Aggregate Demand and Supply

44min

12.1.1. Aggregate Demand11 min

12.1.2. Example: Aggregate Demand

12.1.3. Practice: Aggregate Demand59 sec

12.2.1. Short Run Aggregate Supply9 min

12.2.2. Long Run Aggregate Supply4 min

12.2.3. Example: Short Run Aggregate Supply

12.3.1. Output Gaps (Economic Fluctuations)9 min

12.3.2. Practice: Output Gaps

12.4.1. Long Run Neutrality of Money7 min

12.4.2. Practice: Long Run Neitrality of Money3 min

12.Q. Checkpoint Quiz4 Qns

13. Monetary Policy

39min

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

13.1.2. Practice: Overnight and Bank Rate2 min

13.2.1. Money Supply and Demand9 min

13.3.1. Monetary Injection and AD8 min

13.3.2. Practice: Money Supply and AD

13.3.3. Practice: Money Supply and Exchange Rates4 min

13.Q. Checkpoint Quiz3 Qns

14. Fiscal Policy

49min

14.1.1. Multiplier Effect11 min

14.1.2. Practice: Fiscal Policy

14.2.1. Crowding Out12 min

14.2.2. Practice: Crowding Out6 min

14.3.1. Automatic Stabilizers5 min

14.3.2. Practice: Automatic Stabilizers2 min

14.4.1. Budget Balance and Deficit12 min

14.Q. Checkpoint Quiz3 Qns

15. Short Run Tradeoff Between Inflation and Unemployment

57min

15.1.1. The Phillips Curve24 min

15.1.2. Practice: Phillips Curve2 min

15.1.3. Practice: Money Growth and Phillips Curve4 min

15.2.1. Supply Shocks and Sacrifice Ratio10 min

15.3.1. Stagflation17 min

15.3.2. Practice: Stagflation

15.Q. Checkpoint Quiz6 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. Aggregate Expenditure

52min

17.1.1. Aggregate Expenditure Graph6 min

17.1.2. Example: Aggregate Expenditure Graph

17.1.3. Practice: Aggregate Expenditure Graph

17.2.1. Consumption and Savings12 min

17.2.2. Investment, Government, Net Exports13 min

17.2.3. Example: Government and Taxes

17.2.4. Practice: Consumption and Savings

17.2.5. Example: Consumption and Savings

17.2.6. Practice: Consumption Equation

17.2.7. Example: Investment

17.3.1. Equilibrium Output12 min

17.3.2. Example: Equilibrium Output

17.3.3. Practice: Equilibrium Output

17.4.1. Adjustments Towards Equilibrium5 min

17.4.2. Example: Adjustments Towards Equilibrium

17.4.3. Practice: Adjustments Towards Equilibrium

17.5.1. Leakages and Injections3 min

18. Inflation and Disinflation

1.9hr

18.1.1. Employment1.9 hr

18.1.2. Wages

18.1.3. The Phillips Curve

18.1.4. Prices

18.1.5. Constant Inflation

18.1.6. Practice Questions: Wages

18.1.7. Practice Questions: Inflation

18.2.1. Demand Shocks

18.2.2. Supply Shocks

18.2.3. Theory

18.3.1. Disinflation

18.3.2. The Cost of Disinflation

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. Government Debt and Deficits

1.5hr

20.1.1. The Government Budget Constraint58 min

20.1.2. Debt-to-GDP Ratio

20.1.3. Practice Questions: Government Debts and Deficits

20.2.1. The Budget Deficit Function

20.2.2. Structural and Cyclical Budget Deficit

20.2.3. Practice Questions: The Budget Deficit

20.3.1. Crowding Out35 min

20.3.2. Theory

20.3.3. Practice Questions: Effects of Government Debt

21. Exchange Rates and the Balance of Payments

1.8hr

21.1.1. Balance of Payments1.5 hr

21.1.2. Practice Questions: The Balance of Payments

21.2.1. The Exchange Rate

21.2.2. The Supply of Foreign Exchange

21.2.3. The Demand of Foreign Exchange

21.2.4. Practice Questions: Foreign Exchange

21.3.1. Fixed (Pegged) Exchange Rate Regime

21.3.2. Flexible Exchange Rates

21.3.3. Changes in Flexible Exchange Rates

21.3.4. Practice Questions: Determination of Exchange Rates19 min

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AI Tutor answered

Anonymous

Is this website enough to understand all concepts or should I use this and other ones 

Wize AI Tutor

I can't tell from here exactly how well this course lines up with your class, so I can't promise it covers everything you'll be tested on.

A good way to check:

Compare the chapter list here with your syllabus or course outline. Anything missing is a topic to cover from your lectures or textbook.
Use your own lecture notes and textbook alongside this. Your professor decides what's on the exam, so their material is the final word on scope and notation.
Do past exams or practice problems from your class if you have them. If you can work through those, you understand the concepts well enough, whatever source you learned them from.

Using lots of other websites usually isn't necessary and can get confusing if they explain things differently. It's more useful to pick one main resource, fill any gaps from your class materials, and spend most of your time practicing problems.

If you want to know how closely this course matches your specific class, your Wizeprep Prof is the best person to ask.

AI Tutor answered

Samuel B

what sections cover which midterms?

Wize AI Tutor

I don't have the course outline or your school's midterm schedule here, so I can't say which sections line up with which midterm without guessing.

Midterm coverage often depends on your professor and term. The most reliable place to check is your course syllabus from your school. Your Wizeprep Prof can also tell you which sections of this course match each midterm, so it's worth asking them.

AI Tutor answered

Anonymous

Is each lesson and practice number separated by chapter?

Wize AI Tutor

Yes, the course is organized by chapter. Each chapter is split into sections, and the lessons and practice for a topic sit inside that chapter's sections.

Question numbers like Q.1, Q.2 restart within each practice set rather than running across the whole chapter. If a practice set is divided into parts, the numbering restarts in each part too (for example, Q.2.1 is the first question of part 2).

I can't see the exact layout of your course from here, so if you meant a specific numbering you're seeing, your Wizeprep Prof can confirm how it maps to your chapters.

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