Chapter

• 1
  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
• 2
  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
• 3
  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
• 4
  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
• 5
  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
• 6
  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
• Exam
  Locked

  You must complete all chapters before taking the course exam.