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)

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 (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)

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

Question - Money Supply

Question - Money Mulitplier

Question - Money Market

Question - Interest Rates and Central Bank

Question - Interest Rates and Bond Prices

Question - Interest Rates and Money Demand

Question - Aggregate Supply

Question - Aggregate Supply

Question - Aggregate Supply

Question - Aggregate Supply

Question - Investment

Question - Interest Rate and Aggregate Expenditure

Question - IS Curve

Question - IS Curve

Question - IS and Fed Rule Curves

Question - IS and Fed Rule Curves

Question - AD/AS Model

Question AD/AS Model

Question - AD/AS Model

Question - AD/AS Model

Question - AD/AS Model

Question - AD/AS Model

Question - AD/AS Model

Question - Long-run Adjustment

Question - Fiscal Policy

Question - Fiscal Policy

Question - Fiscal Policy

Question - Monetary Policy

Question - Monetary Policy

Question - Monetary and Fiscal Policy