ECON 105 Principles of Macroeconomics.
Each tool teaches the idea step by step. Switch to Solve at the top of any tool for exam-style questions, worked with you.
Measuring the economy
GDP: measuring a country's output
The circular flow, what counts in GDP, the spending, income and value-added ways to measure it, nominal versus real GDP, the GDP deflator and real GDP per person. Solve: exam questions worked step by step.
Open the toolPrice indexes and inflation
The market basket, the consumer price index, the inflation rate, real versus nominal wages and interest rates, and who wins and loses from inflation. Solve: exam questions worked step by step.
Open the toolUnemployment and the labour market
Who counts as employed, unemployed and out of the labour force, the unemployment, participation and employment rates, frictional, structural and cyclical unemployment, and the natural rate. Solve: exam questions worked step by step.
Open the toolAggregate demand and aggregate supply
The multiplier and the income-expenditure model
The marginal propensity to consume, the multiplier, the consumption function, planned and unplanned investment, inventories and the income-expenditure equilibrium. Solve: exam questions worked step by step.
Open the toolAggregate demand and aggregate supply
Why the aggregate demand curve slopes down and what shifts it, short-run and long-run aggregate supply, potential output, demand and supply shocks, recessionary and inflationary gaps, and how the economy corrects itself. Solve: exam questions worked step by step.
Open the toolFiscal policy, the budget and government debt
Expansionary and contractionary fiscal policy, the multiplier for government purchases versus taxes and transfers, automatic stabilizers, the budget balance, deficits, debt and the debt-to-GDP ratio. Solve: exam questions worked step by step.
Open the toolMoney and banking
Money, banks and the money supply
What money is and does, how a bank's balance sheet works, reserves and the reserve ratio, bank runs and deposit insurance, how banks create money, the money multiplier and the central bank. Solve: exam questions worked step by step.
Open the toolMonetary policy and the interest rate
The demand for money, the money market and the interest rate, how the central bank moves the interest rate, the effect on aggregate demand, inflation targeting, and why money is neutral in the long run. Solve: exam questions worked step by step.
Open the toolExam coming up in ECON 105?
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