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1. Introduction to Macroeconomics
2h 3m
Chapter worksheet
Introduction to Economics
10m
Three Key Economic Ideas
14m
Productive and Allocative Efficiency
7m
Factors of Production
5m
Positive and Normative Statements
7m
Circular Flow Diagram
5m
Graphing Review
50m
Percentage and Decimal Review
9m
Fractions Review
12m
2. Introductory Economic Models
1h 9m
Chapter worksheet
Production Possibilities Frontier (PPF) - Introduction and Productive Efficiency
18m
PPF - Increasing Marginal Opportunity Costs and Allocative Efficiency
11m
PPF - Outward Shifts
8m
PPF - Comparative Advantage and Absolute Advantage
13m
PPF - Comparative Advantage and Trade
13m
PPF - Price of the Trade
3m
3. Supply and Demand
3h 23m
Chapter worksheet
Introduction to Supply and Demand
4m
The Basics of Demand
6m
Individual Demand and Market Demand
3m
Shifting Demand
38m
The Basics of Supply
2m
Individual Supply and Market Supply
6m
Shifting Supply
28m
Overview of Supply and Demand Shifts
7m
Supply and Demand Together: Equilibrium, Shortage, and Surplus
8m
Supply and Demand Together: One-sided Shifts
20m
Supply and Demand Together: Both Shift
34m
Supply and Demand: Quantitative Analysis
40m
4. Elasticity
2h 25m
Chapter worksheet
Percentage Change and Price Elasticity of Demand
18m
Elasticity and the Midpoint Method
20m
Price Elasticity of Demand on a Graph
11m
Determinants of Price Elasticity of Demand
6m
Total Revenue Test
13m
Total Revenue Along a Linear Demand Curve
14m
Income Elasticity of Demand
23m
Cross-Price Elasticity of Demand
11m
Price Elasticity of Supply
12m
Price Elasticity of Supply on a Graph
3m
Elasticity Summary
9m
5. Consumer and Producer Surplus; Price Ceilings and Price Floors
3h 11m
Chapter worksheet
WIllingness to Pay and Consumer Surplus
18m
Willingness to Sell and Producer Surplus
12m
Economic Surplus and Efficiency
18m
Quantitative Analysis of Consumer and Producer Surplus at Equilibrium
28m
Price Ceilings, Price Floors, and Black Markets
38m
Quantitative Analysis of Price Ceilings and Floors: Finding Points
20m
Quantitative Analysis of Price Ceilings and Floors: Finding Areas
54m
6. Introduction to Taxes
1h 29m
Chapter worksheet
Introducing Taxes and Tax Incidence
19m
Effects of Taxes on a Market
16m
Elasticity and Taxes
14m
Subsidies
16m
The Laffer Curve
9m
Quantitative Analysis of Taxes
13m
7. Externalities
54m
Chapter worksheet
Externalities: Social Benefits and Social Costs
27m
Public Solutions to Externalities
26m
8. The Types of Goods
1h 3m
Chapter worksheet
Four Types of Goods and Two Characteristics
22m
The Free Rider Problem and the Tragedy of the Commons
22m
Public Goods: Demand Curve and Optimal Quantity
18m
9. International Trade
1h 16m
Chapter worksheet
Exporting and Importing
16m
Sources of Comparative Advantage
5m
Tariffs
21m
Import Quotas and VERs
23m
Arguments Against International Trade
7m
Introducing Economic Concepts
Coming soon
Chapter worksheet
10. Measuring National Output and Income
54m
Chapter worksheet
Expenditure Approach for Measuring GDP
2m
Detailed Explanation of GDP Components
6m
Nominal GDP and Real GDP
22m
Calculating GDP Using the Income Approach
10m
Value Added Method for Measuring GDP
3m
Shortcomings of GDP
2m
Other Measures of Total Production and Total Income
5m
11. Unemployment and Inflation
1h 34m
Chapter worksheet
Labor Force and Unemployment
10m
Types of Unemployment
12m
Unemployment: Minimum Wage Laws and Efficiency Wages
7m
Inflation and Consumer Price Index (CPI)
16m
Using CPI to Adjust for Inflation
7m
Problems with the Consumer Price Index (CPI)
5m
Nominal Income and Real Income
12m
Nominal Interest, Real Interest, and the Fisher Equation
5m
Who is Affected by Inflation?
5m
Demand-Pull and Cost-Push Inflation
6m
Costs of Inflation: Shoe-leather Costs and Menu Costs
4m
12. Productivity and Economic Growth
1h 4m
Chapter worksheet
Long-Run Economic Growth
2m
Productivity and the Per-Worker Production Function
19m
Institutions that Promote Economic Growth
8m
Growth Rates and the Rule of 70
10m
New Growth Theory
6m
PPF - Growth Analysis
6m
Business Cycles and Their Characteristics
10m
13. The Financial System
1h 30m
Chapter worksheet
Investment, Savings, and the Financial System
4m
Savings Equal Investment
16m
Market for Loanable Funds
4m
Shifts in the Market for Loanable Funds
15m
Stocks, Bonds, and Mutual Funds
7m
Risk and Insurance
7m
Risk and Diversification
9m
Time Value of Money Calculations
17m
Calculating Bond and Stock Prices
6m
14. Income and Consumption
52m
Chapter worksheet
The Consumption Function
24m
The Saving Function
6m
Determinants of Consumption and Saving
6m
Average Propensity to Consume and Save
5m
Multiplier Effect of Investment Spending
9m
15. Deriving the Aggregate Expenditures Model
1h 14m
Chapter worksheet
Aggregate Expenditures Model and Macroeconomic Equilibrium
17m
AE Model: Graphing Macroeconomic Equilibrium
13m
AE Model: Private Closed Economy
5m
AE Model: Private Open Economy
5m
AE Model and the Multiplier
11m
AE Model: Algebraic Approach
13m
Deriving the Multiplier Algebraically
7m
16. Aggregate Demand and Aggregate Supply Analysis
1h 22m
Chapter worksheet
Aggregate Demand
17m
Deriving Aggregate Demand from the Aggregate Expenditure Model
12m
Shifting Aggregate Demand
4m
Long Run Aggregate Supply
9m
Short Run Aggregate Supply
7m
Shifting Short Run Aggregate Supply
8m
AD-AS Model: Equilibrium in the Short Run and Long Run
5m
AD-AS Model: Shifts in Aggregate Demand
18m
17. The Monetary System
58m
Chapter worksheet
The Functions of Money; The Kinds of Money
8m
Defining the Money Supply: M1 and M2
2m
Required Reserves and the Deposit Multiplier
8m
Introduction to the Federal Reserve
8m
The Federal Reserve and the Money Supply
11m
History of the US Banking System
9m
The Financial Crisis of 2007-2009 (The Great Recession)
10m
18. Monetary Policy
1h 26m
Chapter worksheet
Monetary vs Fiscal Policy
3m
Goals of Monetary Policy
3m
The Demand for Money
4m
The Money Supply on the Graph
11m
Monetary Policy and Aggregate Demand
17m
Expansionary and Contractionary Monetary Policy
15m
Taylor Rule
11m
Quantity Theory of Money
9m
Federal Reserve Policies during the 2007-2009 Recession
8m
19. Fiscal Policy
52m
Chapter worksheet
Introduction to Fiscal Policy
9m
Expansionary and Contractionary Fiscal Policy
9m
Government Purchases and the Multiplier Effect
8m
Taxes, the Multiplier Effect, and Automatic Stabilizers
9m
Long Run Effects of Fiscal Policy
6m
Criticisms of Fiscal Policy
10m
20. Tradeoffs Between Inflation and Unemployment
1h 2m
Chapter worksheet
Short Run Phillips Curve
9m
Long Run Phillips Curve
6m
Phillips Curve and Expected Inflation
23m
Phillips Curve and Supply Shocks
5m
Sacrifice Ratio
8m
Disinflation and Deflation
9m
21. Open-Economy Macroeconomics
1h 44m
Chapter worksheet
Balance of Payments: Introduction
5m
Balance of Payments: Current Account
8m
Balance of Payments: Financial Account and Capital Account
7m
Net Exports Equal Net Foreign Investment
7m
Balance of Trade; Trade Deficit and Trade Surplus
6m
Exchange Rates: Introduction
14m
Exchange Rates: Nominal and Real
13m
Exchange Rates: Equilibrium
8m
Exchange Rates: Shifts in Supply and Demand
11m
Exchange Rates and Net Exports
6m
Exchange Rates: Purchasing Power Parity
3m
The Gold Standard
4m
The Bretton Woods System
6m
Exchange Rates
Coming soon
Chapter worksheet
22. Macroeconomic Schools of Thought
40m
Chapter worksheet
Classical Model and Keynesian Model
9m
Monetarist Model
4m
Quantity Theory of Money
9m
New Classical Model
4m
Real Business Cycle Model
3m
Austrian Model
3m
Communism and Karl Marx
5m
23. Dynamic AD/AS Model
32m
Chapter worksheet
Dynamic AD-AS Model: Introduction
4m
Dynamic AD-AS Model: Inflation and Recession
10m
Dynamic AD-AS Model: Fiscal Policy
9m
Dynamic AD-AS Model: Monetary Policy
7m
Special Topics
Coming soon
Chapter worksheet
The Costs of Production (MICROECONOMICS)
2h 35m
Chapter worksheet
Revenue, Cost, and Profit
30m
The Production Function and Diminishing Returns
12m
Marginal Cost
27m
The Relationship Between Average Cost and Marginal Cost
23m
Graphing Costs
17m
Average Total Cost: Short Run and Long Run
19m
Isoquant Lines
9m
Isocost Lines
7m
Cost-Minimizing Combination of Labor and Capital
6m
Perfect Competition (MICROECONOMICS)
2h 24m
Chapter worksheet
Introduction to the Four Market Models
2m
Characteristics of Perfect Competition
6m
Revenue in Perfect Competition
14m
Perfect Competition Profit on the Graph
20m
Short Run Shutdown Decision
34m
Long Run Entry and Exit Decision
18m
Individual Supply Curve in the Short Run and Long Run
6m
Market Supply Curve in the Short Run and Long Run
9m
Long Run Equilibrium
12m
Perfect Competition and Efficiency
15m
Four Market Model Summary: Perfect Competition
5m
Monopoly (MICROECONOMICS)
2h 13m
Chapter worksheet
Characteristics of Monopoly
21m
Monopoly Revenue
12m
Monopoly Profit on the Graph
16m
Monopoly Efficiency and Deadweight Loss
20m
Price Discrimination
22m
Antitrust Laws and Government Regulation of Monopolies
11m
Mergers and the Herfindahl-Hirschman Index (HHI)
17m
Four Firm Concentration Ratio
6m
Four Market Model Summary: Monopoly
4m
Monopolistic Competition (MICROECONOMICS)
1h 9m
Chapter worksheet
Characteristics of Monopolistic Competition
10m
Revenue in Monopolistic Competition
14m
Monopolistic Competition Profit on the Graph
13m
Monopolistic Competition in the Long Run
14m
Efficiency in Monopolistic Competition
8m
Advertising
4m
Four Market Model Summary: Monopolistic Competition
3m
Oligopoly (MICROECONOMICS)
1h 26m
Chapter worksheet
Characteristics of Oligopoly
16m
One-Time Games and the Prisoner's Dilemma
30m
Game Theory and Oligopoly Profit
16m
Repeated Games
5m
Kinked-Demand Theory
13m
Four Market Model Summary: Oligopoly
3m
Markets for the Factors of Production (MICROECONOMICS)
1h 26m
Chapter worksheet
The Production Function and Marginal Revenue Product
16m
Demand for Labor in Perfect Competition
7m
Shifts in Labor Demand
13m
Supply of Labor in Perfect Competition
7m
Shifts in Labor Supply
5m
Differences in Wages
6m
Other Factors of Production: Land and Capital
5m
Unions
6m
Monopsony
11m
Bilateral Monopoly
5m
Income Inequality and Poverty (MICROECONOMICS)
36m
Chapter worksheet
Income Inequality in the USA and Worldwide
1m
Poverty
5m
Polices to Reduce Poverty
6m
Lorenz Curve and Gini Coefficient
17m
Income Equality and Efficiency
6m
Asymmetric Information, Voting, and Public Choice (MICROECONOMICS)
39m
Chapter worksheet
Asymmetric Information: Adverse Selection and Moral Hazard
11m
Solutions to Informational Problems
11m
Median Voter Theorem
9m
Condorcet Voting Paradox
7m
Consumer Choice and Behavioral Economics (MICROECONOMICS)
1h 16m
Chapter worksheet
Budget Constraint
27m
Indifference Curves
25m
Indifference Curves for Perfect Substitutes and Perfect Complements
4m
Consumer Optimum Consumption: Budget Constraint and Indifference Curves
7m
Consumer Optimum Consumption: Marginal Utility per Dollar Spent
13m
Macroeconomics
Revenue in Monopolistic Competition
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