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Macroeconomics

Free

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Course Level

Intermediate

Video Tutorials

220

Free

Course content

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

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4.45 /5

62 Courses

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