Macro Economics

In this chapter, we go over the differences between microeconomics and macroeconomics, we define GDP, what it tells us about the economy, how GDP is computed, Nominal GDP vs Real GDP, and the shortcomings of GDP.

This chapter goes over the effects of monetary policy in the short run, the three kinds of monetary policy, why monetary policy doesn't always work, and introduces the Phillips Curve.

This chapter is all about fiscal policy: what fiscal policy is, the shortcomings, and the supply side of fiscal policy.

In this chapter, we discuss why economic growth matters, how resources and technology contribute to economic growth, which institutions foster economic growth, and how some economists test new ideas (such as using RCTs - randomized controlled trials, to change development economics).

This chapter discusses what the loanable funds market is, what factors shift the supply and demand of loanable funds, and how we apply the loanable funds market model to the macro economy.

In this chapter, inflation is defined, we study how inflation is measured, the 7 problems that come with inflation, and the cause of inflation.

In this chapter, we learn what money is (what counts as money in which cases), how banks create money, and how the Federal Reserve controls the money supply.

This chapter introduces the aggregate demand - aggregate supply model. It defines what aggregate demand and aggregate supply are respectively, and how this particular model helps us to understand the economy.

This chapter goes over the major reasons for unemployment, the different types of unemployment, what we can learn from employment data, and how to calculate the unemployment rate and labor force participation rate.