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Intro to Macroeconomics
Chapter
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Chapter 1
Jodi Beggs, economics professor at Northeastern University and founder of Economists Do It With Models, introduces the study of economics and discusses resource allocation in the face of scarcity. She then reviews the basics of supply and demand, introduces the supply and demand curves, and examines the key factors that determine the behavior of each curve.
Estimated time: ~62 Minutes -
Chapter 2
In this chapter, Jodi Beggs, economics professor at Northeastern University and founder of Economists Do It With Models, provides an introduction to GDP, outlines the difference between nominal and real GDP and introduces the GDP Deflator.
Estimated time: ~25 Minutes -
Chapter 3
This chapter features a series of educators who will provide an introduction to the Consumer Price Index and then segue into two major macroeconomic challenges: inflation and unemployment.
Estimated time: ~40 Minutes -
Chapter 4
The big picture: in this chapter, YouTube educator, EconSteve12, looks at aggregate price levels and output (Real GDP) of an economy as a whole and examines the interactions of the aggregate supply and aggregate demand curves under varying conditions.
Estimated time: ~47 Minutes -
Chapter 5
In this chapter, a series of educators will cover the role of the government in managing a nation's economic health. Concepts will address how governments use Fiscal Policy--taxes and government spending--to shift the aggregate demand curve and how to measure the impact of each maneuver.
Estimated time: ~32 Minutes -
Chapter 6
In this chapter, a series of educators will look at the role of money in an economy and explain how the Fed can manipulate the supply of money to stimulate the economy.
Estimated time: ~47 Minutes -
Locked
You must complete all chapters before taking the course exam.
Concept
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1
Concept 1
Jodi Beggs, economics professor at Northeastern University and founder of Economists Do It With Models, introduces the study of economics and explains the role of scarcity.
Estimated time: ~7 Minutes -
2
Concept 2
Jodi Beggs, economics professor at Northeastern University and founder of Economists Do It With Models, breaks down the differences between the fields of micro and macroeconomics.
Estimated time: ~7 Minutes -
3
Concept 3
Jodi Beggs, economics professor at Northeastern University University and founder of Economists Do It With Models, explains the basics of understanding supply and demand
Estimated time: ~7 Minutes -
4
Concept 4
Professor Beggs discusses the factors that determine demand.
Estimated time: ~7 Minutes -
5
Concept 5
Professor Beggs reviews what happens graphically when there is a change in price versus a change in a non-price determinant of demand (changes in demand vs changes in quantity demanded).
Estimated time: ~7 Minutes -
6
Concept 6
Professor Beggs examines the basics of the supply curve and the factors which influence it.
Estimated time: ~7 Minutes -
7
Concept 7
Professor Beggs reviews how adjustments in price and factors of supply impact the supply curve.
Estimated time: ~7 Minutes -
8
Concept 8
Professor Beggs puts the supply and demand curves together and discusses market equilibrium.
Estimated time: ~7 Minutes -
Test
Chapter 1 Test
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Concept 6: The Supply Curve and Determinants of Supply
Professor Beggs examines the basics of the supply curve and the factors which influence it.
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Quiz Questions
Concept 6: The Supply Curve and Determinants of Supply
- The supply curve also represents the set of profit-maximizing quantities for firms. This is called the:
- Which of the following is not considered an input price?
- Improved technology shifts the supply curve: