ECON 102 • Midterm • Introduction to Economics II

Main Concerns of Macroeconomics

Output Growth and Business Cycle

Circular Flow Model

What is GDP?

Measuring GDP - Prodution or Value-Added Method

Measuring GDP - Expenditure Method

Example (Expenditure Method)

Measuring GDP - Income Approach and other National Income Accounts

Nominal vs Real GDP

GDP Deflator

Economic Well Being (GDP Per Capita)

Question (GDP Calculation)

Question (Components of GDP)

Question (Expenditure Method)

Question (Real GDP, Nominal GDP and Deflator)

Unemployment - Definitions and Concepts

Example (Labor Force Participation Rate and Unemployment Rate Calculation)

Example (Labor Force Participation Rate and Unemployment Rate Calculation)

Types of Unemployment

Example (Types of Unemployment)

Problems with Measuring Unemployment

Question (Unemployment and Labor Force Participation Rate Calculation)

Question (Unemployment/Labor Force)

Question (Unemployment/Labor Force)

Question (Calculation Unemployment Rate)

Question (Labor Force)

Inflation - Definitions and Concepts

Example (Definition of Inflation)

Measuring Inflation - CPI

Example (Calculating CPI)

Example (Measuring Inflation with CPI)

Example (Measuring Inflation with CPI)

Measuring Inflation - PPI

Problems with CPI

CPI vs GDP Deflator

Example (CPI vs Deflator)

Nominal vs Real Interest Rates

Example (Nominal Values and Real Values)

Costs of Inflation

Question (CPI vs GDP Deflator)

Question (CPI)

Question (Nominal vs Real Values)

Question (Nominal vs Real Interest)

Question (CPI vs GDP Deflator)

Production Function

Example (Diminishing Marginal Returns)

Economic Growth

Example (Economic Growth)

Example (Economic Growth)

Determinants of Long-Run Economic Growth

Example (Labor Productivity)

Example (Labor Productivity)

Policies for Promoting Economic Growth

Question (Labor Productivity)

Question (Economic Growth)

Question (Economic Growth)

Question (Production Function)

Aggregate Expenditure

Consumption Function

Example (Consumption and Saving)

Investment

Example (Investment)

Government Purchases

Net Export

Planned Aggregate Expenditure and Equilibrium

Example (Aggregate Expenditure and Equilibrium)

Example (Aggregate Expenditure and Equilibrium)

Spending Multiplier and Tax Multiplier

Example (Multipliers)

Multipliers with Proportional Income Tax

Example (Multipliers with Proportional Income Tax)

Fiscal Policy in Aggregate Expenditure Model

Government Budget and Automatic Stabilizers

Example (Automatic Stabilizers)

Question (Consumption Function)

Question (Aggregate Expenditure)

Question (Disequilibrium and Change in Inventories)

Question (Spending Multiplier with Proportional Income Tax and Equilibrium)

Question (Equilibrium and Fiscal Policy)

Fiscal Policy in Aggregate Expenditure Model

Spending Multiplier and Tax Multiplier

Multipliers with Proportional Income Tax

Example

Government Budget and Automatic Stabilizers

Example

Question - Spending Multiplier with Proportional Income Tax and Equilibrium

Question - Equilibrium and Fiscal Policy

Exam like Question - Equilibrium and Fiscal Policy

Exam like Question - Equilibrium and Fiscal Policy

Question (Components of GDP)

Question (Components of GDP)

Question (Components of GDP) 2

Question (GDP Calculation)

Question (Nominal GDP Calculation)

Question (Nominal GDP Calculation)

Question (GDP vs GNP)

Question (GDP vs GNP)

Question (GNP and NNP)

Question (Expenditure Method)

Question (Expenditure Method)

Question (Expenditure Method)

Question (Real GDP)

Question (Nominal vs Real GDP)

Question (GDP Deflator)

Question (Real GDP, Nominal GDP and Deflator)

Question (Real GDP, Nominal GDP and Deflator)

Question (Calculation of Disposable Income)

Question (Labor Force)

Question (Labor Force)

Question (Unemployment/Labor Force)

Question (Types of Unemployment) 1

Question (Types of Unemployment) 2

Question (Types of Unemployment)

Question (Types of Unemployment)

Question (Types of Unemployment)

Question (CPI)

Question - CPI and Inflation

Question (Nominal vs Real Values)

Question (Nominal vs Real Interest)

Question (Measuring Inflation with CPI)

Question (Production Function)

Question (Labor Productivity)

Question (Economic Growth)

Question (Consumption and Saving)

Question (Saving and Investment)

Question (Saving)

Question (Disequilibrium and Change in Inventories)

Question (Aggregate Expenditure and Equilibrium)

Question (Aggregate Expenditure and Equilibrium) 1

Question (Aggregate Expenditure and Equilibrium) 2

Question (Aggregate Expenditure and Equilibrium)

Question (Aggregate Expenditure and Equilibrium)

Question (Planned Aggregate Expenditure and Equilibrium)

Question (Aggregate Expenditure and Equilibrium)