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Fundamentals of Economics

Goals, GDP, Economic Growth, and Inflation

Unemployment and Aggregate Demand

Monetary Policy, Fiscal Policy, and Exchange Rates

Goals, GDP, Economic Growth, and Inflation

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Goals, GDP, Economic Growth, and Inflation:

  1. Leakages and Injections
  2. Circular Flow Diagram
  3. Markets
  4. Demand Curve (Define, Why Is It Downward Sloping)
  5. Determinants of Demand
  6. Determinants of Supply
  7. Market Equilibrium
  8. Income and Expenditure Approach to Measuring GDP
  9. Problems with Accurately Counting GDP and Items Not Included
  10. GDP, National Income, GNP, and GNI
  11. Nominal GDP v Real GDP
  12. Measuring Inflation: GDP Deflator
  13. Measuring Inflation: CPI
  14. Types of Inflation
  15. Cost of Inflation
  16. Fisher Effect
  17. Causes of Inflation
  18. Business Cycle, Recession, Depression
  19. Calculating Economic Growth and the Rule of 70
  20. Economic Growth, PPF, and the Tradeoff Between Capital and Consumer Goods
  21. Factors that Contribute to Economic Growth

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