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This Macroeconomics course is ideal for anyone interested in gaining a further understanding of the world around you!
Economics is the study of human behavior and how we act in an economic setting, but more than that it provides us with a better understanding of global politics and the tensions between nations today.
Complete with over 85+ video lessons and downloadable notes, the course covers:
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Introduction to Macroeconomics
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Gross National Product and Other Economic Measures
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Aggregate Demand and Aggregate Supply
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Macroeconomic Equilibrium
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Low Unemployment
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Low and Stable Rate of Inflation
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Economic Growth
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Equity in the Distribution of Income
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Fiscal and Monetary Policy
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Supply-Side Policies
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And a love of Economics that I hope is contagious!
I teach Economics because it fascinates me. Because it is the study of human behavior. Economics isn’t about data and graphs and problem sets. It is the study of people and their story and their history and the forces of society that we are born into. It provides us with an understanding of ourselves. It is not hyperbole to say that a thorough understanding of economics enables us to better understand the human condition. I truly believe that.
As a former Peace Corps Volunteer, a graduate of Duke University, and someone who has been fortunate enough to have traveled to over 55 countries around world, you will see how those experiences shape my teachings of Economics. Economics is the study of human behavior; and it is as a result of that behavior that economists have something to put into data charts and diagrams to study. Don’t ever forget that!
I am looking forward to being a part of your studies if Macroeconomics!
Unit 1: Foundations of Macroeconomics
Unit 2: Aggregate Demand and Aggregate Supply
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2Lesson 1: Introduction to Foundations of Macroeconomics
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3Lesson 2: The Circular Flow of Income Model
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4Lesson 3: Gross Domestic Product and Friends
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5Lesson 4: How is National Income Measured?
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6Lesson 5: Gross Domestic Product (GDP) vs Gross National Product (GNP)
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7Lesson 6: Gross National Income (GNI) vs Net National Income (NNI)
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8Lesson 7: Nominal GDP vs Real GDP
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9Lesson 8: GDP per Capita
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10Study Break!
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11Lesson 9: Green GDP
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12Lesson 10: Why Are National Income Statistics Gathered?
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13Lesson 11: Limitations on National Income Statistics
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14Lesson 12: The Business Cycle
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15Closing Remarks: Foundations of Macroeconomics
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16Unit 1: Foundations of Macroeconomics
Unit 3: Macroeconomic Equilibrium
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17Lesson 1: Introduction to Aggregate Demand (AD)
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18Lesson 2: Aggregate Demand: The Components of AD
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19Lesson 3: Aggregate Demand and Fiscal Policy
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20Lesson 4: Aggregate Demand and Monetary Policy
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21Lesson 5: Introduction to Aggregate Supply
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22Lesson 6: The Short-Run Aggregate Supply Curve (SRAS)
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23Lesson 7: The Long-Run Aggregate Supply Curve (LRAS)
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24Lesson 8: The Long-Run: Neoclassical View
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25Study Break!
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26Lesson 9: The Long-Run: Keynesian View
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27Lesson 10: Interventionist Supply-Side Policies
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28Lesson 11: Market Based Supply-Side Policies
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29Closing Remarks: Aggregate Demand and Aggregate Supply
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30Unit 2: Aggregate Demand and Aggregate Supply
Unit 4: Low Unemployment
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31Lesson 1: Introduction to Macroeconomic Equilibrium
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32Lesson 2: The Neoclassical Macroeconomic Diagram: "The Rule of 10"
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33Lesson 3: The Keynesian Macroeconomic Diagram: "The Rule of 9"
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34Lesson 4: Understanding Keynesian Logic: A Silly But Useful Metaphor
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35Lesson 5: The Neoclassical Perspective on Macroeconomics
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36Lesson 6: The Keynesian Perspective on Macroeconomics
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37Closing Remarks: Macroeconomic Equilibrium
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38Unit 3: Macroeconomic Equilibrium
Unit 5. Low and Stable Rate of Inflation
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39Lesson 1: Introduction to Low Unemployment
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40Lesson 2: The Labor Market Diagram
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41Lesson 3: Types of Unemployment
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42Lesson 4: Distribution and Costs of Unemployment
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43Lesson 5: Expressing Demand-Deficient (Cyclical) Unemployment on a Diagram)
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44Study Break!
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45Lesson 6: Government Solutions to Unemployment
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46Lesson 7: Demand-Side or Supply-Side Solutions to Unemployment?
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47Lesson 8: Crowding Out
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48Closing Remarks: Low Unemployment
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49Unit 4: Low Unemployment
Unit 6: Economic Growth
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50Lesson 1: Introduction to Low and Stable Rate of Inflation
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51Lesson 2: Degrees of Inflation
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52Lesson 3: Costs of Inflation
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53Lesson 4: Deflation
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54Lesson 5: Measuring Inflation
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55Lesson 6: Issues with Measuring Inflation
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56Lesson 7: Demand-Pull Inflation
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57Lesson 8: Cost-Push Inflation
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58Lesson 9: Inflationary Spiral
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59Lesson 10: Government Solutions to Reducing Inflation
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60Closing Remarks: Low and Stable Rate of Inflation
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61Unit 5. Low and Stable Rate of Inflation
Unit 7: Equity in the Distribution of Income
Unit 8: Fiscal Policy
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67Lesson 1: Introduction to Equity in the Distribution of Income
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68Lesson 2: Equity vs. Equality
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69Lesson 3: Absolute Poverty vs. Relative Poverty
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70Lesson 4: The Lorenz Curve
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71Lesson 5: The Gini Coefficient
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72Study Break!
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73Lesson 6: Taxes and Equity in the Distribution of Income
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74Lesson 7: Transfer Payments
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75Lesson 8: Evaluation of Equity in the Distribution of Income Policies
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76Closing Remarks: Equity in the Distribution of Income
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77Unit 7: Equity in the Distribution of Income
Unit 9: Monetary Policy
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78Lesson 1: Introduction to Fiscal Policy
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79Lesson 2: The Government Budget
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80Lesson 3: Expansionary Fiscal Policy
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81Lesson 4: Contractionary Fiscal Policy
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82Lesson 5: Automatic Stabilizers
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83Lesson 6: Supply-Side Impact of Fiscal Policy
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84Lesson 7: Evaluating Fiscal Policy
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85Closing Remarks: Fiscal Policy
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86Unit 8: Fiscal Policy