ECON 211 • Final • Fundamentals of Economics

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 (Labor Market and Structural Unemployment)

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

Solow Model

Question (Labor Productivity)

Question (Economic Growth)

Question (Economic Growth)

Question (Production Function)

Components of GDP

Components of GDP

Components of GDP

GDP Calculation

Nominal GDP Calculation

Nominal GDP Calculation

GDP vs GNP

GDP vs GNP

GDP vs GNP

Expenditure Method

Expenditure Method

Expenditure Method

Real GDP

Nominal vs Real GDP

GDP Deflator

Real GDP, Nominal GDP and Deflator

Real GDP, Nominal GDP and Deflator

Calculation of Disposable Income

Labor Force

Labor Force

Unemployment/Labor Force

Types of Unemployment

Types of Unemployment

Types of Unemployment

Types of Unemployment

Types of Unemployment

CPI

CPI and Inflation

Nominal vs Real Values

Nominal vs Real Interest

Measuring Inflation with CPI

Production Function

Labor Productivity

Economic Growth

Consumption and Saving

Saving and Investment

Saving

Disequilibrium and Change in Inventories

Aggregate Expenditure and Equilibrium

Aggregate Expenditure and Equilibrium

Aggregate Expenditure and Equilibrium

Aggregate Expenditure and Equilibrium

Aggregate Expenditure and Equilibrium

Aggregate Expenditure and Equilibrium

Aggregate Expenditure and Equilibrium

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)

What is Money?

Example (Functions of Money)

Money Supply

Example (Money Supply)

The Role of Commercial Banks

Creating Money

Example (Creating Money)

Central Bank and Monetary Policy

Quantity Theory of Money

Money Market

Question (Money Supply)

Question (Creating Money)

Question (Creating Money)

The Aggregate Supply

Example

The IS and Fed Rule Curves

Change in IS and Fed Curves - Example

Example

Example

The Aggregate Demand

Example

Example

Short-Run Equilibrium and Change in AD or AS

Example

Long-Run Aggregate Supply

Long-Run Equilibrium and Long-Run Adjustment

Question

Question

Exam-like Question 1

Exam-like Question 2

Exam-like Question 3

Fiscal Policy

Crowding Out and Long Run Effects of Fiscal Policy

Example

Example

Monetary Policy

Example

Example

Example

Question

Question

Question

Exam-like Question 1

Exam-like Question 2

Exam-like Question 3

Exam-like Question 4

Exam-like Question 5

Exam-like Question 6

Exam-like Question 7

Money Supply

Money Mulitplier

Money Market

Interest Rates and Central Bank

Interest Rates and Bond Prices

Interest Rates and Money Demand

Aggregate Supply

Aggregate Supply

Aggregate Supply

Aggregate Supply

Investment

Interest Rate and Aggregate Expenditure

IS Curve

IS Curve

IS and Fed Rule Curves

IS and Fed Rule Curves

AD/AS Model

AD/AS Model

AD/AS Model

AD/AS Model

AD/AS Model

AD/AS Model

AD/AS Model

Long-run Adjustment

Fiscal Policy

Fiscal Policy

Fiscal Policy

Monetary Policy

Monetary Policy

Monetary and Fiscal Policy

Labor Market

Labor Market

Labor Market

Labor Market

Phillips Curve

Phillips Curve

Labor Market

Labor Market