ECO100: Macroeconomics

NOTE: All links redirect to Lumen Learning’s Macroeconomics site

Module 1: Economic Thinking

1-1: Why It Matters: Economic Thinking
1-2: Understanding Economics & Scarcity
1-3: Labor, Markets, and Trade
1-4: Microeconomics & Macroeconomics
1-5: Economic Models
1-6: Purpose of Functions
1-7: Solving Simple Equations
1-8: Creating and Interpreting Graphs
1-9: Interpreting Slope
1-10: Types of Graphs
1-11: Putting It Together: Economic Thinking

Module 2: Choice in a World of Scarcity

Module 3: Supply and Demand

3-1: Why It Matters: Supply and Demand
3-2: Economic Systems
3-3: What Is Demand?
3-4: Factors Affecting Demand
3-5: What is Supply?
3-5: Factors Affecting Supply
3-6: Equilibrium, Surplus, and Shortage
3-7: Changes in Equilibrium
3-8: Finding Equilibrium
3-9: Changes in Supply and Demand
3-10: Putting It Together: Supply and Demand

Module 4: Applications of Supply and Demand

4-1: Why It Matters: Applications of Supply and Demand
4-2: Price Ceilings
4-3: Price Floors
4-4: A Closer Look at Price Controls
4-5: Trade and Efficiency
4-6: Consumer & Producer Surplus
4-7: Inefficiency of Price Floors and Price Ceilings
4-8: Labor and Financial Markets
4-9: Putting It Together: Applications of Supply and Demand

Module 5: Elasticity

5-1: Why It Matters: Elasticity
5-2: Elasticity of Demand
5-3: Examples of Elastic and Inelastic Demand
5-4: Calculating Elasticity and Percentage Changes
5-5: Calculating Price Elasticities Using the Midpoint Formula
5-6: Categories of Elasticity
5-7: Price Elasticity of Supply
5-8: Income Elasticity, Cross-Price Elasticity & Other Types of Elasticities
5-9: Elasticity and Total Revenue
5-10: Elasticity, Costs, and Customers
5-11: Tax Incidence
5-12: Putting It Together: Elasticity

Module 6: Macroeconomic Measures: GDP and Economic Growth

6-1: Why It Matters: GDP and Economic Growth
6-2: The Macroeconomic Perspective
6-3: What is Gross Domestic Product?
6-4: Calculating GDP
6-5: Alternative Ways to Measure the Economy
6-6: The Difference Between Nominal and Real Measurements
6-7: Comparing Nominal and Real GDP
6-8: Converting Nominal to Real GDP
6-9: Business Cycles
6-10: GDP and Standard of Living
6-11: Labor Productivity and Economic Growth
6-12: Measuring Productivity and Growth Rates
6-13: The Power of Sustained Economic Growth
6-14: Relatively Recent Economic Growth
6-15: A Healthy Climate for Economic Growth
6-16: Putting It Together: GDP and Economic Growth

Module 7: Macroeconomic Measures — Unemployment and Inflation

7-1: Why It Matters: Unemployment and Inflation
7-2: Who Counts in Unemployment?
7-3: Calculating the Unemployment Rate
7-4: Patterns of Unemployment
7-5: Cyclical Unemployment
7-6: Frictional and Structural Unemployment
7-7: The Natural Rate of Unemployment
7-8: Inflation
7-9: Calculating Inflation with Index Numbers
7-10: The Consumer Price Index (CPI)
7-11: Shortcomings of the CPI as a Measure of the Cost of Living
7-12: The GDP Deflator and Other Major Price Indices
7-13: Problems with Inflation
7-14: Benefits of Low Inflation
7-15: Putting It Together: Inflation and Unemployment

Module 8: The Aggregate Demand-Aggregate Supply Model

Module 9: Keynesian and Neoclassical Economics

Module 10: Keynesian Economics and the Income Expenditure Model

Module 11: Fiscal Policy

11-1: Why It Matters: Fiscal Policy
11-2: Fiscal Policy and the Federal Budget
11-3: Government Spending
11-4: State and Local Government Spending
11-5: Taxation
11-6: Federal Budgets and National Debt
11-7: The Question of a Balanced Budget
11-8: Automatic Stabilizers
11-9: Expansionary and Contractionary Fiscal Policy
11-10: Neoclassical Fiscal Policy and Supply-Side Economics
11-11: Fiscal Policy, Investment, and Crowding Out
11-12: Putting It Together: Fiscal Policy

Module 12: Money and Banking

12-1: Why It Matters: Money and Banking
12-2: Defining Money by Its Functions
12-3: Measuring Money: Currency, M1, and M2
12-4: Credit
12-5: Financial Markets and Assets
12-6: Financial Markets, Supply and Demand, and Interest
12-7: The Commercial Banking System
12-8: Banking Assets and Liabilities
12-9: How Banks Create Money
12-10: Putting It Together: Money and Banking

Module 13: Monetary Policy

13-1: Why It Matters: Monetary Policy
13-2: Banks, Loan Finance, and the Payments System
13-3: The Federal Reserve System and Central Banks
13-4: Bank Regulation
13-5: Monetary Policy
13-6: Monetary Policy and Open Market Operations
13-7: Monetary Policy and Interest Rates
13-8: Monetary Policy and Aggregate Demand
13-9: Federal Reserve Actions and Quantitative Easing
13-10: Putting It Together: Monetary Policy

Module 14: Policy Applications

Module 15: Globalization and Trade

Module 16: Exchange Rates and International Finance