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Macroeconomics

About Course

Macroeconomics is a branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole. This includes regional, national, and global economies. Macroeconomics is about whole economies. What is GDP? Why does the economy boom and bust? How is the government involved? We hit the traditional ... This is the property of khanacademy.org and is available for free on their website.

Topics for this course

220 Lessons

Basic economics concepts

Introduction to macroeconomics
Introduction to economics
Scarcity
Normative and positive statements
Economic models
Command and market economies
Opportunity cost and the Production Possibilities Curve
Production possibilities curve
Opportunity cost
Increasing opportunity cost
PPCs for increasing, decreasing and constant opportunity cost
Production Possibilities Curve as a model of a country’s economy
Comparative advantage and the gains from trade
Comparative advantage, specialization, and gains from trade
Comparative advantage and absolute advantage
Opportunity cost and comparative advantage using an output table
Terms of trade and the gains from trade
Input approach to determining comparative advantage
When there aren’t gains from trade
Comparative advantage worked example
Demand
Law of demand
Price of related products and demand
Change in expected future prices and demand
Changes in income, population, or preferences
Normal and inferior goods
Change in demand versus change in quantity demanded
Supply
Law of supply
Factors affecting supply
Change in supply versus change in quantity supplied
Markets
Market equilibrium
Changes in market equilibrium
Changes in equilibrium price and quantity when supply and demand change

Economic indicators and the business cycle

National income and price determination

Financial sector

Long-run consequences of stabilization policies

Open economy: international trade and finance

Keynesian approaches and IS-LM

About the instructors

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56 Courses

294 students

Free

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