Macroeconomics demystified

Getting started : using charts in economics Macroeconomics : a quick self-test pt. 1. Setting the stage 1. Introduction to economics 1.1. Scarcity 1.2. Economic systems 1.3. Economic models 1.4. Opportunity cost 1.5. Production possibilities curve 1.6. Comparative advantage 1.7. Hints Quiz and answers 2. Microeconomics 2.1. Markets 2.2. Demand curve 2.3. Supply curve 2.4. Market equilibrium 2.5. Hints Quiz and answers pt. 2. The basics of macroeconomics 3. Introduction to macroeconomics 3.1. The circular flow model 3.2. Macroeconomic goals 3.3. Gross domestic product 3.4. Economic growth 3.5. Price stability 3.6. Full employment 3.7. Economic policy 3.8. Hints Quiz and answers 4. Aggregate supply and aggregate demand 4.1. Introduction 4.2. Aggregate supply : the Long run and the short run 4.3. Aggregate demand 4.4. Macroeconomic equilibrium 4.5. The AS/AD model 4.6. The "bathtub" theorem 4.7. The financing of flows 4.8. Hints Quiz and answers 5. Money and the Federal Reserve System 5.1. Introduction 5.2. The supply of money 5.3. Banks 5.4. The Federal Reserve System : organization 5.5. The Federal Reserve's central banking role 5.6 Hints Quiz and answers 6. The money market 6.1. The demand for money 6.2. The supply of money 6.3. The money market and the equilibrium rate of interest 6.4. The impact of money 6.5. The quantity theory of money 6.6. Hints Quiz and answers 7. Global economics 7.1. Introduction 7.2. Barriers to trade 7.3. The balance of payments 7.4. Foreign exchange rates 7.5. Global interdependence 7.6. Hints Quiz and answers

pt. 3. The goals of macroeconomics

8. Economic growth

8.1. Introduction

8.2. The foundation for economic growth

8.3. Labor productivity

8.4. Technology and economic growth

8.5. Global economics and economic growth

8.6. Hints

Quiz and answers

9. Price stability

9.1. Introduction

9.2. The price Level

9.3. Major types of inflation

9.4. The impact of inflation

9.5. The Phillips curve

9.6. Global economics and price stability

9.7. Hints

Quiz and answers

pt. 4. Macroeconomic models

10. The classical model

10.1. The classical equilibrium

10.2. The factor market for labor

10.3. The factor market for capital

10.4. Labor productivity

10.5. Hints

Quiz and answers

11. The Keynesian model

11.1. Introduction

11.2. The consumption function

11.3. The multiplier process

11.4. The Keynesian equilibrium

11.5. The Keynesian model and the AS/AD model

11.6. The U.S. unemployment rate 1990-2004

11.7. Hints

Quiz and answers

12. The business cycle

12.1. Introduction

12.2. Consumer and producer expectations

12.3. Classical models

12.4. Keynesian models

12.5. The impact of technology

12.6. The great depression and institutional reform

12.7. Hints

Quiz and answers

pt. 5. Macroeconomic policy

13. Fiscal policy

13.1. Introduction

13.2. The role of government budgeting

13.3. Fiscal policy and macroeconomic goals

13.4. The long-range impact of fiscal policy

13.5. Discretionary fiscal policy

13.6. Automatic fiscal policy

13.7. Global economics and fiscal policy

13.8. Hints

Quiz and answers

14. Monetary policy

14.1. Introduction

14.2. The goals of monetary policy

14.3. Monetary policy rules

14.4. Effective policy

14.5. The mix of monetary and fiscal policy

14.6. Global economics and monetary policy

14.7. Hints

Quiz and answers

Appendix 1. The elasticity of supply and demand

Appendix 2. Measuring GDP, the expenditure and the income methods

Appendix 3. A brief History of economic models

Final test 1 questions

Final test 1 answers

Final test 2 questions

Final test 2 answers.