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Macroeconomics

Unit 1: Basic economics concepts

Introduction to macroeconomics: Basic economics conceptsOpportunity cost and the Production Possibilities Curve: Basic economics conceptsComparative advantage and the gains from trade: Basic economics concepts
Demand: Basic economics conceptsSupply: Basic economics conceptsMarkets: Basic economics concepts

Unit 2: Economic indicators and the business cycle

Gross Domestic Product: Economic indicators and the business cycleLimitations of GDP: Economic indicators and the business cycleUnemployment: Economic indicators and the business cycle
Inflation: Economic indicators and the business cycleCosts of Inflation: Economic indicators and the business cycleReal vs. nominal GDP: Economic indicators and the business cycleBusiness cycles: Economic indicators and the business cycle

Unit 3: National income and price determination

Aggregate demand: National income and price determinationMultipliers: National income and price determinationShort-run aggregate supply: National income and price determinationLong-run aggregate supply: National income and price determination
Equilibrium in the AD-AS Model: National income and price determinationChanges in the AD-AS model in the short run: National income and price determinationLong run self-adjustment: National income and price determinationFiscal policy: National income and price determinationAutomatic stabilizers: National income and price determination

Unit 4: Financial sector

Financial assets: Financial sectorNominal v. real interest rates: Financial sectorDefinition, measurement, and functions of money: Financial sector Banking and the expansion of the money supply: Financial sector
The money market: Financial sectorMonetary policy: Financial sectorThe market for loanable funds: Financial sectorInterest rates and the time value of money: Financial sector

Unit 5: Long-run consequences of stabilization policies

Fiscal and Monetary Policy Actions in the Short Run: Long-run consequences of stabilization policiesThe Phillips curve: Long-run consequences of stabilization policiesMoney growth and inflation: Long-run consequences of stabilization policies
Crowding out: Long-run consequences of stabilization policiesDeficits and debts: Long-run consequences of stabilization policiesEconomic growth: Long-run consequences of stabilization policies

Unit 6: Open economy: international trade and finance

The balance of payments: Open economy: international trade and financeExchange rates: Open economy: international trade and financeThe foreign exchange market: Open economy: international trade and finance
Effect of changes in policies and economic conditions on the foreign exchange market: Open economy: international trade and financeReal interest rates and international capital flows: Open economy: international trade and finance

Unit 7: Keynesian approaches and IS-LM

The consumption function: Keynesian approaches and IS-LMThe Keynesian cross: Keynesian approaches and IS-LMIS-LM: Keynesian approaches and IS-LM
Keynesian economics and its critiques: Keynesian approaches and IS-LM

Unit 8: Contemporary macroeconomic issues

Analysis of income inequality in the United States (in partnership with the New York Times): Contemporary macroeconomic issuesNational income and inequality: Contemporary macroeconomic issuesThe 2008 Financial Crisis: Contemporary macroeconomic issues
Community questions