Principles of Macroeconomics

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Chapter 0 - Math Review

• Addition and Subtraction
• Multiplication and Division
• Order of Operations
• Algebraic Expressions
• Basics of Percent
• Linear Equations
• Graphing
• Calculating Area
• All PowerPoints

Chapter 1 - Welcome To Economics

• What Is Economics, and Why Is It Important?
• Economic Theories, Models, and Systems
• All PowerPoints

Chapter 2 - Choice in a World Of Scarcity

• How Individuals Make Choices Based on Their Budget Constraint
• The Production Possibilities Frontier and Social Choices
• Confronting Objections to the Economic Approach
• All PowerPoints

Chapter 3 - Demand and Supply

• Demand, Supply, and Equilibrium in Markets for Goods and Services
• Shifts in Demand and Supply for Goods and Services
• Changes in Equilibrium Price and Quantity: The Four-Step Process
• Price Ceilings and Price Floors
• Demand, Supply, and Efficiency
• All PowerPoints

Chapter 4 - Labor and Financial Markets

• Demand and Supply at Work in Labor Markets
• Demand and Supply in Financial Markets
• The Market System as an Efficient Mechanism for Information
• All PowerPoints

Chapter 5 - Elasticity

• Price Elasticity of Demand and Price Elasticity of Supply
• Polar Cases of Elasticity and Constant Elasticity
• Elasticity and Pricing
• Elasticity in Areas Other Than Price
• All PowerPoints

Chapter 6 - The Macroeconomic Perspective

• Measuring the Size of the Economy: Gross Domestic Product
• Adjusting Nominal Values to Real Values
• Comparing GDP among Countries
• How Well GDP Measures the Well-Being of Society
• All PowerPoints

Chapter 7 - Economic Growth

• The Relatively Recent Arrival of Economic Growth
• Labor Productivity and Economic Growth
• Components of Economic Growth
• Economic Convergence
• All PowerPoints

Chapter 8 - Unemployment

• How Economists Define and Compute Unemployment Rate
• Patterns of Unemployment
• What Causes Changes in Unemployment over the Short Run
• What Causes Changes in Unemployment over the Long Run
• All PowerPoints

Chapter 9 - Inflation

• Tracking Inflation
• How to Measure Changes in the Cost of Living
• How the U.S. and Other Countries Experience Inflation
• The Confusion over Inflation
• Indexing and Its Limitations
• All PowerPoints

Chapter 10 - The International Trade and Capital Flows

• Measuring Trade Balances
• Trade Balances and Flows of Financial Capital
• The National Saving and Investment Identity
• The Pros and Cons of Trade Deficits and Surpluses
• The Difference between Level of Trade and the Trade Balance
• All PowerPoints

Chapter 11 - The Aggregate Demand/Aggregate Supply Model

• Building a Model of Aggregate Demand and Aggregate Supply
• Shifts in Aggregate Supply
• Shifts in Aggregate Demand
• How the AD/AS Model Incorporates Growth, Unemployment, and Inflation
• Keynes' Law and Say's Law in the AD/AS Model
• All PowerPoints

Chapter 12 - The Keynesian Perspective

• Aggregate Demand in Keynesian Analysis
• The Building Blocks of Keynesian Analysis
• The Phillips Curve
• Keynesian Policy and the Keynesian Perspective on Market Forces
• All PowerPoints

Chapter 13 - The Neoclassical Perspective

• The Building Blocks of Neoclassical Analysis
• The Policy Implications of the Neoclassical Perspective
• Balancing Keynesian and Neoclassical Models
• All PowerPoints

Chapter 14 - Money and Banking

• Defining Money by Its Functions
• Measuring Money: Currency, M1, and M2
• The Role of Banks
• How Banks Create Money
• All PowerPoints

Chapter 15 - Monetary Policy and Bank Regulation

• The Federal Reserve Banking System and Central Banks
• Bank Regulation
• How a Central Bank Executes Monetary Policy
• Monetary Policy and Economic Outcomes
• Pitfalls for Monetary Policy
• All PowerPoints

Chapter 16 - Exchange Rates and International Capital Flows

• How the Foreign Exchange Market Works
• Demand and Supply Shifts in Foreign Exchange Markets
• Macroeconomic Effects of Exchange Rates
• Exchange Rate Policies
• All PowerPoints

Chapter 17 - Government Budgets and Fiscal Policy

• Government Spending
• Taxation
• Federal Deficits and the National Debt
• Using Fiscal Policy to Fight Recession, Unemployment, and Inflation
• Automatic Stabilizers
• Practical Problems with Discretionary Fiscal Policy
• The Question of a Balanced Budget
• All PowerPoints

Chapter 18 - The Impacts of Government Borrowing

• How Government Borrowing Affects Investment and the Trade Balance
• Fiscal Policy and the Trade Balance
• How Government Borrowing Affects Private Saving
• Fiscal Policy, Investment, and Economic Growth
• All PowerPoints

Chapter 19 - Macroeconomic Policy Around the World

• The Diversity of Countries and Economies across the World
• Improving Countries' Standards of Living
• Causes of Unemployment and Inflation around the World
• Balance of Trade Concerns
• All PowerPoints

Chapter 20 - International Trade

• Absolute and Comparative Advantage
• What Happens When a Country Has an Absolute Advantage in All Goods
• Intra-industry Trade between Similar Economies
• The Benefits of Reducing Barriers to International Trade
• All PowerPoints

Chapter 21 - Globalization and Protectionism

• Protectionism: An Indirect Subsidy from Consumers to Producers
• International Trade and its Effects on Jobs, Wages, and Working Conditions
• Arguments in Support of Restricting Imports
• Trade Policy
• All PowerPoints