ECON 102 • Midterm • Principles of Macroeconomics

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)

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)

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)

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)

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)

Question (Production Function)

Question (Production Function)

Question (Labor Productivity)

Question (Economic Growth)

Question (Change in AD)

Question (Change in AS)

Question (Change in AS)

Question (Change in AD)

Question (Change in AD)

Question (Change in AD)