Economics And Finance
ECN2758
Principles of Macroeconomics

This course from Saylor presents topics generally covered in a typical freshman level Macroeconomics course. The course description from Saylor.org is as follows:<br><br>The purpose of this course is to provide you with a fundamental understanding of the principles of macroeconomics. Macroeconomists study how a country’s economy works and try to determine the best choices to improve the overall wellbeing of a nation. Typical topics include inflation (the overall level of prices), employment, fiscal policy (government taxing and spending), and money and banking (interest rates and lending policies). Individuals and firms need to consider how macroeconomic events will affect their own prosperity. By studying macroeconomics and understanding the critical ideas used to measure economic data, you will have a better perspective on the issues and problems discussed in contemporary economics.

Overview of Economics

Unit 1: Overview of Economics A study of economics usually begins by dividing the subject into microeconomics and macroeconomics. The former focuses on the exchanges between consumers and firms in markets for goods and services. In contrast, the latter focuses on exchanges that occur across all markets within a country, taking into account the interrelated actions of consumers, businesses, government agencies, financial intermediaries, and global trading partners as they exchange resources, goods, and services as well as facilitate currency and quantity flows. Furthermore, microeconomics concerns itself narrowly with the profit maximization goal, and macroeconomics addresses what should be done to achieve a greater, broader set of goals. Moreover, a feature common to a successful study of economics is your ability to distinguish changes that occur moving along a curve versus those that

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The Business Cycle

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Principles of Macro: Supply and Demand

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Demand and Supply Reading

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Economic Growth Reading

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Demand and Supply Reading: Assignments

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Circular flow of income and expenditures

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Applications of Demand and Supply

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AP Macroeconomics Study Guide

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Macroeconomics - Introduction

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The Demand Side of the Economy

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Introduction to Macroeconomic Data

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The Circular Flow of Income

Unemployment and Inflatio...

Unit description from Saylor.org: The average person understands the economic concepts of unemployment and inflation: unemployment reflects number of people out of work, and inflation indicates a rising price level of goods and services. Macroeconomics, however, distinguishes between the labor force, which includes both employed and unemployed (those able and willing to work but not currently working), and those not in the labor force (full time students, nonworking spouses, and retirees). It also differentiates between frictional unemployment (or temporary unemployment), structural unemployment (affecting whole sectors of the economy), and cyclical unemployment (caused by downturns in the economy).

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Introduction to Inflation

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Actual CPI-U Basket of Goods

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Stagflation

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Hyperinflation

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Unemployment Rate Primer

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Demand-Pull Inflation Under Johnson

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Cost Push Inflation

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Real GDP Video

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Unemployment

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Unemployment Statistics

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Labor Statistics

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Unemployment Rate Reading

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Principles of Macro: Price Level Changes

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Price-Index Theory Reading

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Economic Commentary on the Cost of Inflation

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Principles of Macro: Relating Inflation and Unempl...

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Unemployment vs. Inflation

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Principles of Macro: Unemployment

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Unemployment

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Unemployment and underemployment - Reading

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Unemployment: Types, Kinds and Quantities

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Full Employment

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The role of inflation in the economy

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Bestiary of Behavioral Economics/Money Illusion

Aggregate Demand and Supp...

Unit description from Saylor.org: Since macroeconomics studies the whole economy, it looks at the main forces affecting growth, inflation, and unemployment by aggregating, or totaling, output (via the GDP) and prices (via a price index). Unlike microeconomics, which studies the demand and supply of individual goods and services, macroeconomics considers demand and supply for all goods and services in a national economy.

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Shifts in Aggregate Demand

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Short Run Aggregate Supply

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Long-Run Aggregate Supply

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Demand-Pull Inflation Under Johnson

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Real GDP Driving Price

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Cost Push Inflation

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Aggregate Demand/Supply, Business Cycles

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AD, AS, Monetary & Fiscal Policy

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Aggregate Demand & Aggregate Supply

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Principles of Macro: Aggregate Demand and Aggregat...

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Gross Domestic Product

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AS & AD Tests 1 & 2

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Aggregate Demand Video

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Inflationary and Recessionary Gaps Video #2

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Monetary Policy and the Economy

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Aggregate Demand Notes

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Principles of Macro: Consumption and the Aggregate...

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Demand-Pull Inflation Video

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Spending Multiplier Video

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Expenditure Multipliers Quiz

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Interactive Graph Links

Fiscal Policy

Unit 5: Fiscal Policy Using various policies and tools, a government attempts to steer the macroeconomy toward three main goals: full employment, price stability, and economic growth. The remaining units in the course will cover conflicts and complexities in relation to those policies and tools. This unit will focus on fiscal policy, which consists of taxing and spending, usually done through acts involving Congress or comparable legislative bodies.

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Tax Lever of Fiscal Policy

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Video: Fiscal Policy and Automatic Stabilizers

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Principles of Macro: Government and the Economy

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Chapter 9: Fiscal Policy

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Principles of Macro: The Use of Fiscal Policy to S...

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Principles of Macro: Issues in Fiscal Policy

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Government and Fiscal Policy

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Automatic Stabilizers

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History of the United States Public Debt

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Government debt

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External debt

Monetary Policy and Vario...

Unit 6: Monetary Policy and Various Complexities behind Macroeconomic Policies Fiscal policy and monetary policy are the two main tools by which government attempts to steer the macroeconomy toward the three main goals and economic growth. Monetary policy consists of methods through which the Federal Reserve attempts to engage banks, businesses, and individuals in effecting changes to interest rates, the supply of money, the demand for money, and so forth. Money serves as a medium of exchange, a store of value, and a unit of account. Those three functions enable individuals to avoid bartering. The ways in which we define and measure money are important to managing an economy. Savings and investment are key elements within the circular flow model and are a function of interest rates.

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Full Reserve Banking

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Weaknesses of Fractional Reserve Lending

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Interest as Rent for Money

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Money Supply and Demand Impacting Interest Rates

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Overview of Fractional Reserve Banking

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Simple Fractional Reserve Accounting (Part 2)

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Simple fractional reserve accounting (part 1)

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Phillips Curve

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Monetary and Fiscal Policy

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Monetary and Fiscal Policy Reading

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Principles of Macro: Nature and Creation of Money

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Federal Reserve Statistical Release

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History of the Federal Reserve

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Principles of Macro: The Federal Reserve System

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Money Reading

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Money Quiz

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Monetary Policy Reading

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Monetary Policy: Open Market Operations

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Principles of Macro: Financial Markets and the Eco...

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Monetary Policy and Bank Regulation

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Exchange Rates and International Capital Flows

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Section 1: Current Topics in Macroeconomics: Argu...

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Section 1: Current Topics in Macroeconomics: Argum...

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Section 1: Current Topics in Macroeconomics: Argum...

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Section 1: Current Topics in Macroeconomics: Argum...

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Chapter 30: Current Topics in Macroeconomics: Quiz

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Supply-side economics

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Federal Policy and Money Markets

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Money - Lecture Notes

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Financial speculation: the good, the bad and the p...

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Explaining Inflation – Unemployment Relationships

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Inflation and Unemployment in the Long Run

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Misery Index

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Laffer Curve

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Quantitative easing

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Macroeconomic policy and sustainability

Economic Growth

Unit description from Saylor.org: What determines economic growth? Is it an increase in land use or capital? What role does productivity play in economic growth? What public policies are best for promoting economic growth – and which are worst? This is the stuff of newspaper headlines and public policy debates. In this unit, we will address these and other issues pertaining to economic growth. According to macroeconomics, an economic system refers to the process by which inputs (capital, land, and labor) are transformed into certain outputs (the goods and services people wish to purchase). The political and legal environment under which economic activity takes place largely determines whether or not the economy expands and grows.

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Economic Growth Reading

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Economic Growth Reading

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Costs of Economic Growth Reading

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Sources of Growth Reading

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Principles of Macro: Factors of Production

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Student Tutorial: Economic Growth

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US Economy Profile

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US Economic Outlook - Ben Bernanke (Speech)

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Economic Growth Quiz

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Economic Growth Theories

International Trade

Unit 7: International Trade Trade among countries serves many functions aside from the exchange of goods and services at a global level. For instance, trade facilitates movements of foreign currencies held in a country's bank because imports are paid in the unit of the exporting country's currency. Additionally, trading partners have more and a greater variety of goods available to them. In short, those gains from trade arise out of comparative advantage, specialization, and export activities. However, international trade can become and often is an emotionally or politically charged issue that cuts across microeconomics and macroeconomics; it is probably a good time now to recall the difference between them. Nonetheless, most of the content within this unit centers on the topic from an economic perspective and directs attention to factors such as trade balances, exchange rates, and othe

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Absolute Advantage Reading

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International Economics

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The Debate on Globalization

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Trade Barriers

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Free Trade