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ECON102: Principles of Macroeconomics (2021.A.01)
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Bureau of Economic Analysis
General
Course Syllabus
Course Syllabus
Unit 1: Introduction to Economics
Macroeconomics Study Guides
1.1: The Economic Way of Thinking
Economics: The Study of Choice
Resources, Scarcity, and Choice
Introduction to Macroeconomics
Hypotheses, Theories, and Models
1.2: Choices in Production and the Production Possibilities Curve
Confronting Scarcity: Choices In Production
The Production Possibilities Curve (PPC)
1.3: Demand, Supply, and Market Equilibrium
Demand and Supply
More on Demand
More on Supply
Market Equilibrium
Market Equilibrium and Market Manipulation Quiz
1.4: The Circular Flow of Income and Expenditures
Demand, Supply, and Equilibrium
Circular Flow of Income and Expenditures
Circular Flow Model Quiz
1.5: Applications of Demand and Supply
Applications of Demand and Supply
Price Floors and Price Ceilings
Unit 2: Macroeconomics: Gross Domestic Product, Inflation, and Unemployment
2.1: Defining GDP and the Business Cycle
Macroeconomics: The Big Picture
Gross Domestic Product
Business Cycles
Bureau of Economic Analysis
2.2: Inflation, Nominal GDP, and Real GDP
Price-Level Changes
Inflation & Price Indexes, Real Income, and Real GDP
GDP Deflator, Real GDP, and Nominal GDP
Example Calculating Real GDP with a Deflator
Economic Commentary on the Costs of Inflation
Consumer Price Index
Introduction to Inflation
Hyperinflation
2.2 Discussion
Nominal GDP and Real GDP Quiz
2.3: Unemployment
Unemployment
Types of Unemployment
What Is the Natural Rate of Unemployment?
Unemployment and underemployment
Unemployment: Types, Kinds, and Quantities
The Bureau of Labor Statistics
Types and Measures of Unemployment Quiz
Unemployment Rate
2.4: GDP Components: Consumption, Investment, Government Purchases, and Net Exports
Measuring Total Output and Income
Components of GDP
The Business Cycle
Gross Domestic Product
2.5: Problems Using GDP as a Measure of Well-Being
GDP and Economic Well-Being
Unit 2 Discussion
Unit 2 Discussion
Unit 3: Aggregate Demand and Aggregate Supply
3.1: Aggregate Demand
Aggregate Demand and Aggregate Supply
More on Aggregate Demand and Aggregate Supply
3.2: Consumption, Investment, and the Aggregate Expenditures Model
Consumption and the Aggregate Expenditures Model
Investment and Economic Activity
More on the Aggregate Expenditure Model, and the Keynesian Cross
3.3: Aggregate Supply In the Short-Run and the Long-Run
Aggregate Demand and Aggregate Supply: The Long Run and the Short Run
Short-Run Aggregate Supply and Long-Run Aggregate Supply
Unit 4: Aggregate Equilibrium and Economic Growth
4.1: Short-Run and Long-Run Macroeconomic Equilibrium
Recessionary and Inflationary Gaps and Long-Run Macroeconomic Equilibrium
Cyclical Unemployment
Cost-Push Inflation and Demand-Pull Inflation
Macroeconomic Viewpoints & Keynesian Economics
4.1 Discussion
4.2: Economic Growth
Economic Growth
Solow Growth Model
Achieving Economic Growth
More on Economic Growth
GDP Quiz
GDP and Aggregate Expenditure Quiz
Unit 5: Money, Banking, and Monetary Policy
5.1: Money and the Money Creation Process
The Nature and Creation of Money
The Federal Reserve: "Federal Reserve Statistical Release"
What is Money?
Fractional Reserve Banking
Weaknesses of Fractional Reserve Lending
Fractional Reserve Banking and Money Creation Quiz
5.2: Structure and Powers of the Federal Reserve System
The Federal Reserve System
The Fed
The Fed Today
The Federal Reserve: "Everyday Economics"
5.2 Discussion
5.3: Financial Markets
Financial Markets and the Economy
Overview of Bonds
Exchange Rates
Interest as Rent for Money
Money Supply and Demand Impacting Interest Rates
Financial Speculation
5.4: Monetary Policy and the Interest Rates
Monetary Policy and the Fed
Monetary Policy
The Federal Reserve: Monetary Policy
Unit 6: Fiscal Policy and the Relationship Between Inflation and Unemployment
6.1: Fiscal Policy
Government and Fiscal Policy
Fiscal Policy
More on Government and Fiscal Policy
Tax Lever of Fiscal Policy
6.2: Inflation and Unemployment
Inflation and Unemployment
More on Unemployment vs. Inflation
Phillips Curve
Monetary and Fiscal Policy
Aggregate Demand and Aggregate Supply Review
6.3: History of Economic Policy and the National Debt
Brief History of Macroeconomic Thought and Policy
Macroeconomic Policy and Sustainability
An Outline of the US Economy: Monetary and Fiscal Policy
Keynes and Classical Economics
Current Topics in Macroeconomics: Questions for Debate
Unit 6 Discussion and Assessment
Unit 6 Discussion
Unit 7: International Trade and Finance
Net Exports and International Finance
Trade Barriers
Balance of Payments: Current Account
International Capital Flows and Trade Balance
Twin Deficits
Study Guide
ECON102 Study Guide
Course Feedback Survey
Course Feedback Survey
Certificate Final Exam
ECON102: Certificate Final Exam
Saylor Direct Credit
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Course Syllabus
Macroeconomics Study Guides
Economics: The Study of Choice
Resources, Scarcity, and Choice
Introduction to Macroeconomics
Hypotheses, Theories, and Models
Confronting Scarcity: Choices In Production
The Production Possibilities Curve (PPC)
Demand and Supply
More on Demand
More on Supply
Market Equilibrium
Market Equilibrium and Market Manipulation Quiz
Demand, Supply, and Equilibrium
Circular Flow of Income and Expenditures
Circular Flow Model Quiz
Applications of Demand and Supply
Price Floors and Price Ceilings
Macroeconomics: The Big Picture
Gross Domestic Product
Business Cycles
Price-Level Changes
Inflation & Price Indexes, Real Income, and Real GDP
GDP Deflator, Real GDP, and Nominal GDP
Example Calculating Real GDP with a Deflator
Economic Commentary on the Costs of Inflation
Consumer Price Index
Introduction to Inflation
Hyperinflation
2.2 Discussion
Nominal GDP and Real GDP Quiz
Unemployment
Types of Unemployment
What Is the Natural Rate of Unemployment?
Unemployment and underemployment
Unemployment: Types, Kinds, and Quantities
The Bureau of Labor Statistics
Types and Measures of Unemployment Quiz
Unemployment Rate
Measuring Total Output and Income
Components of GDP
The Business Cycle
Gross Domestic Product
GDP and Economic Well-Being
Unit 2 Discussion
Aggregate Demand and Aggregate Supply
More on Aggregate Demand and Aggregate Supply
Consumption and the Aggregate Expenditures Model
Investment and Economic Activity
More on the Aggregate Expenditure Model, and the Keynesian Cross
Aggregate Demand and Aggregate Supply: The Long Run and the Short Run
Short-Run Aggregate Supply and Long-Run Aggregate Supply
Recessionary and Inflationary Gaps and Long-Run Macroeconomic Equilibrium
Cyclical Unemployment
Cost-Push Inflation and Demand-Pull Inflation
Macroeconomic Viewpoints & Keynesian Economics
4.1 Discussion
Economic Growth
Solow Growth Model
Achieving Economic Growth
More on Economic Growth
GDP Quiz
GDP and Aggregate Expenditure Quiz
The Nature and Creation of Money
The Federal Reserve: "Federal Reserve Statistical Release"
What is Money?
Fractional Reserve Banking
Weaknesses of Fractional Reserve Lending
Fractional Reserve Banking and Money Creation Quiz
The Federal Reserve System
The Fed
The Fed Today
The Federal Reserve: "Everyday Economics"
5.2 Discussion
Financial Markets and the Economy
Overview of Bonds
Exchange Rates
Interest as Rent for Money
Money Supply and Demand Impacting Interest Rates
Financial Speculation
Monetary Policy and the Fed
Monetary Policy
The Federal Reserve: Monetary Policy
Government and Fiscal Policy
Fiscal Policy
More on Government and Fiscal Policy
Tax Lever of Fiscal Policy
Inflation and Unemployment
More on Unemployment vs. Inflation
Phillips Curve
Monetary and Fiscal Policy
Aggregate Demand and Aggregate Supply Review
Brief History of Macroeconomic Thought and Policy
Macroeconomic Policy and Sustainability
An Outline of the US Economy: Monetary and Fiscal Policy
Keynes and Classical Economics
Current Topics in Macroeconomics: Questions for Debate
Unit 6 Discussion
Net Exports and International Finance
Trade Barriers
Balance of Payments: Current Account
International Capital Flows and Trade Balance
Twin Deficits
ECON102 Study Guide
Course Feedback Survey
ECON102: Certificate Final Exam
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