ECON 103 • Final • Principles 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)

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 (Labor Market and Structural Unemployment)

Question (Unemployment - Classification)

Question (Problems with Measuring Unemployment)

Question (Labor Market and Structural Unemployment)

Question (CPI)

Question - CPI and Inflation

Question (Nominal vs Real Values)

Question (Nominal vs Real Interest)

Question (Measuring Inflation with CPI)

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)

Aggregate Demand

Example (Change in AD)

Example (Interest Rate Effects)

Aggregate Supply

Example (Change in SRAS)

Example (SRAS Curve)

Example (LRAS)

Macroeconomic Equilibrium

Effects of Change in Aggregate Demand

Example (Effects of Change in AD)

Example (Effects of Change in AD)

Effects of Change in Short-run Aggregate Supply

Dynamic AD-AS Model

Example (Dynamic AD-AS Model)

Question (Change in AD)

Question (Change in AS)

Question (Change in AD)

Question (Change in LRAS)

Question (Change in SRAS)

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)

What is Monetary Policy?

Example (Monetary Policy)

Money Market and Equilibrium

Example (Money Market and Equilibrium)

Monetary Policy and Its Effects

Example (Monetary Policy and Its Effects)

Example (Monetary Policy and Its Effects)

Reserve Markets and Monetary Policy

Example (Reserve Markets and Monetary Policy)

Example (Reserve Markets and Monetary Policy)

Monetary Policy in Dynamic AD-AS Model

Example (Monetary Policy in Dynamic AD-AS Model)

Taylor Rule

Example (Taylor Rule)

Question (Monetary Policy Effects)

Question (Money Market)

Question (Expansionary Monetary Policy)

Question (Contractionary Monetary Policy)

Question (Dynamic AD-AS Model)

What is Fiscal Policy?

Fiscal Policy and Its Effects

Example (Fiscal Policy and Its Effects)

Example (Fiscal Policy and Its Effects)

Government Budget and Automatic Stabilizers

Example (Government Budget)

Example (Automatic Stabilizers)

Limitations of Fiscal Policy (Crowding Out Effect)

Example (Crowding Out Effect)

Fiscal Policy and Economic Growth

Example (Fiscal Policy and Economic Growth)

Question (Fiscal Policy and Its Effects)

Question (Effects of Fiscal policy)

Question (Types of fiscal policy)

Question (Automatic Stabilizers)

Question (Types of fiscal policy)

Current Account

Financial and Capital Accounts

Example (Net Export)

Example (Financial Account)

Example (Balance on Current and Financial Accounts)

Question (Preparing Balance of Payment)

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)

Question (Equilibrium and Fiscal Policy)

Question (Equilibrium and Fiscal Policy)

Question (Change in AD)

Question (Change in AS)

Question (Change in AS)

Question (Change in AD)

Question (Change in AD)

Question (Change in AD)

Question (Monetary Policy Effects)

Question (Expansionary Monetary Policy)

Question (Contractionary Monetary Policy)

Question (Effects of Fiscal Policy)

Question (Monetary vs Fiscal Policy)

Question (Crowding Out Effect)

Question (Types of Fiscal Policy)

Question (Fiscal Policy and Long-Run Growth)