Macro Videos

William Rainey Harper College
ECO 212
Macroeconomics in a Global Economy
VIDEOS

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VIDEO SOURCES:

KA: Khan Academy: https://www.khanacademy.org/

EC: EconClssroom http://www.econclassroom.com/

MJ: YouTube - mjmfoodie https://www.youtube.com/playlist?list=PLF2A3693D8481F442

AC: YouTube - ACDCLeadership http://www.youtube.com/user/ACDCLeadership

EP: YouTube - ExamPop! http://www.youtube.com/user/ExamPop

1F:YouTube - 1funkyteacher http://www.youtube.com/user/1funkyteacher/videos (Solman Videos)

MV Economic Music Videos

EM EconMovies - http://www.youtube.com/channel/UCCQEbqDL8i40d83Au55lYMQ

YouTube ACDCLeadership Macroeconomics Videos

Many students like these videos. I believe that "Mr. Clifford " began making these videos for his AP Economics students. I have watched many, but not all, of these videos and I usually like the way that he covers the topics. He does go quite fast, so the videos may be better for review than for an initial introduction to the topics. Note that his "units" do not match our units and he may cover more than we do in some areas but not all that we do in other areas.

Macroeconomics Playlists

Macro Unit 1: Basic Concepts and Supply and Demand (our chapters 1, 2, and 3)

Macro Unit 2: Measuring the Economy (our chapters 6, 7, and 9)

Macro Unit 3: AD, AS, and Fiscal Policy (our chapters 8, 10, 12, and 13)

Macro Unit 4: Monetary Policy (our chapters 14, 15, and 16)

Macro Unit 5: International Trade and FOREX (our chapter 20)

Macro Review: Macro in 15 Minutes

TOPICS

Unit 1: ECONOMICS and GLOBALIZATION

1a - Syllabus, Math Quiz,

1b - 5Es

1c - What is Economics, Models, BCA, Budget Lines

1d - PPC

2a - Globalization

3a - Demand

3b - Supply

3c - Market Equilibrium

20a - Why we Trade: Comparative Advantage

20b - International Trade

5a - Role of Gov't, Gov't Finance

5b - Market Failures

Unit 2: INTRODUCTION TO MACROECONOMICS

12a - AD/AS 1

12b - AD/AS 2

9a - UE

9b - IN

7a - GDP

8a - EG

22Wa - LDCs

Unit 3: MACROECONOMIC POLICY

10a - Multiplier

13a - Fiscal Policy

13b - Other FP Issues and Debt

14a - What is Money,Money Market Model, and the Fed

15a - How Banks Creatre Money

16a - Monetary Policy

16b - Other Macro Issues, Models

UNIT 1 - INTRODUCTION TO ECONOMICS AND GLOBALIZATION

1a Syllabus and introduction to Economic Globalization

Videos

To watch 5 minute video:

Click on: http://www.learner.org/resources/series86.html
Scroll down to:
- 10. Developing Countries - How these nations have been helped or hurt by the rapid growth since WWII. Case studies: comparing South Korea and Sri Lanka; aid vs. trade in Tanzania.
Click on
Then slide the timer to minute 7:45 for the eight minute South Korea vs. Sri Lanka case study

Extra Videos

Khan Academy Exercise: Graphing Points
Khan Academy Exercise: Graphing Points 2
How to Multiply and Divide Fractions in Algebra for Dummies (YouTube fordummies 1:50)
Simple Equations (Khan Academy 11:06)
Solving One-Step Equations (Khan Academy 1:54)
Solving One-Step Equations 2 (Khan Academy 2:23)
Practice (Khan Academy )
Solving Ax + B = C (Khan Academy 8:41)
Area and Perimeter (Khan Academy 12:20)

1b 5Es

Videos

KA Introduction to economics (from S and D unit)
AC Macroeconomics Unit 1 Intro: Basic Economic Concepts (AP Macro)
EconMovies- Episode 1: Star Wars (Scarcity, Choices, and Exchange)

Reading

Syllabus
The 5Es of Economics (VERY IMPORTANT!)
Ch. 3: "Efficient Allocation" pp. 58-59
Ch. 3 and 6: "Diminishing Marginal Utility" pp. 49 and 117
Ch.1, Appendix on Graphing

1c What is Economics, Models, BCA, Budget Lines

Videos

Benefit Cost Analysis
- EconMovies- Episode 2: Monty Python and the Holy Grail - Marginal Analysis (YouTube ACDCLeadership 5:27)
- Thinking at the Margin (YouTube LearnLiberty 4:32)
- Incentives and Marginal Analysis (YouTube MrHurdleHistory 8:54)
Budget Lines
- Econ 2 - The Budget Line (YouTube OC Economics 7:18)

Reading

Ch 1, pp.1-11

Extra Videos

1d PPC

Videos:

Reading:

Budget Lines: pp. 7-10
PPC: pp. 11-14

Extra

MJM 7 Individual PPC
MJM 8 Oportunity Cost
MJM 9 Society's PPC
MJM 10 PPC and Resource Changes
KA Scarcity, Possibilities, Preferences, and Opportunity Cost (14 videos)
Opportunity cost
Increasing opportunity cost
Allocative efficiency and marginal benefit
Economic growth through investment

2a Globalization (Structural Adjustment)

Videos

Poland:

Click on: http://www.learner.org/resources/series86.html
Scroll down to:
- 11. Economies in Transition: Transforming former Communist countries into market economies. Case studies: state industries vs. private entrepreneurs in Russia; the success of Poland’s “shock therapy.”
Click on (A free registration is required for first time users)
Then slide the timer to minute 27:25 for the eight minute "The success of Poland’s 'shock therapy'" case study

EC Circ Flow Model of a Market Economy
KA Globalization I - The upside
KA Globalization II - good or bad?
ECONOMIC SYSTEMS
- An Overview of Economic Systems ($1.98 at http://mindbites.com)
- Power of the Market (YouTube LibertyPen 1:14)
- Comparative Economic Performance ($1.98 at: http://www.mindbites.com)
- 1F Capitalism vs Socialism (10:05)
AC Micro 1.1 The BIG Picture- AP Economics Overview (with links to playlists) (YouTube ACDCLeadership 12:49)

Readings

Cuba Examines Asian Model For Economic Reforms (NPR Morning Edition)
Textbook:
- Chapter 2 ALL
- PLUS
  - Ch. 2 Last Word: "Shuffling the Deck": p. 42
  - Ch. 8 The Last Word - "Economic Growth in China": p. 166
  - Ch. 8 Global Competition, p. 164
  - Ch. 20 The Last Word - "Petition of the Candlemakers, 1845": p. 419
  - http://www.harpercollege.edu/mhealy/eco212i/lectures/command/econsys.htm
  - Chapter 23W of the 16th edition of our textbook, pages 2-13, found on our Blackboard site
    - State Ownership and Central Planning: pp. 23W-2 to 23W-3
    - Problems with Central Planning pp. 23W-3 to 23W-5
    - The Collapse of the Soviet Economy pp. 23W-5 to 23W-6
    - The Russian Transition to a Market System pp. 23W-6 to 23W-9
    - Market Reforms in China pp. 23W-10 to 23W-11
    - Outcome and Prospects pp. 23W-11 to 23W-13
    - Conclusion pp. 23W-13

Extra Videos

AC Does Capitalism Exploit Workers? YouTube LearnLiberty 6:08

3a Demand

Videos:

EC The Law of Demand – HD (6:18)
EC The Determinants of Demand (10:25)

Readings:

Ch 3, pp. 47-53
Optional, but very useful

Extra Videos

MJM 11 Demand
MJM 12 Changes in Demand vs. Changes in Quantity Demanded
EC Linear Demand Equations Part 1 with exercises (econclassroom.com 6:41)
EC Linear Demand Equations -- Shifts in Demand (econclassroom.com 14:16)
AC Micro 2.1 Supply and Demand Curves- Basic Economic Concepts 4:49
AC Change in Demand vs Change in Quantity Demanded- Key Concept 1:47
KA Supply, Demand, and Market Equilibrium (15 videos)

Introduction to economics

Law of demand

Change in expected future prices and demand

Price of related products and demand

Changes in income, population, or preferences

Normal and inferior goods

Inferior goods clarification

Law of supply

Factors affecting supply

Long term supply curve

Market equilibrium

Changes in market equilibrium

Breakdown of gas prices

Short-run oil prices

3b Supply

Videos:

MJM 13 Supply
KA Factors affecting supply (6:57) NOTE : It looks like the supply graph is labelled "D", but that is just point D (A, B, C, D) on the supply curve.
EP AP Macro-Economics - Determinants of Supply [YouTube - ExamPop]

Readings

Ch3, pp. 53-56

Extra Videos

3c Market Equilibrium: So, what happens to Price and Quantity?

Videos

Equilibrium
- MJM 14 Market Equilibrium (5:12)
- KA Changes in Market Equilibrium (9:04)
- EP AP Macro-Economics - Ambiguous Changes in Supply and Demand (6:01)
- AC Micro 2.3 Shifting Supply and Demand: Econ Concepts in 60 Seconds Practice (2:51)
- AC Micro 2.4 Double Shifts in Supply and Demand: Econ Concepts in 60 Seconds (2:34)
- EconMovies Episode 4: Indiana Jones (Demand, Supply, Equilibrium, Shifts) (7:02)

Efficiency
- AC Micro 2.2 Supply and Demand (Economics) (2:01)
- Marginal Cost and Benefit (YouTube mseconprincess 3:29)
- EC Efficiency and Equilibrium in Competitive Markets [begin at 7:27 and stop at 8:44, we will not cover consumer and producer surplus]

Readings

Ch. 3 pp. 56-61, 69-74
Ch. 5: pp. 93-99, Efficiently Functioning Markets
Supply, Demand, and Economic Efficiency
Optional, but very useful

Extra Videos

AC Micro 2.2 Supply and Demand (Economics) (2:02)
MJM 15 Price Floors and Price Ceilings
EC Finding equilibrium price and quantity using demand and supply equations
EC A supply and demand paradox – Why is the Chevy Volt twice the price of the Chevy Cruze?
EC Supply, Demand and Equilibrium Test – Worked Solutions
EC Consumer and Producer Surplus in the Linear Demand and Supply Model (econclassroom.com 10:01)
EC Efficiency and Equilibrium in Competitive Markets (econclassroom.com 11:48)
EC Determining the Effects of Price Ceilings and Price Floors (econclassroom.com 12:04)

20a Why we Trade: Comparative Advantage

Videos

Readings

Chapter 20: pp 398-407, 411-420
"The Mystical Power of Free Trade"
http://www.cnn.com/ALLPOLITICS/time/1999/12/06/free.trade.html

Extra Videos

20b International Trade and Foreign Exchange Markets

Videos

MJM 35 Why do Countires Restrict Trade? (8:34)
MJM 36 Types of Trade Restrictions (9:43)
MJM 33 Exchange Rates (6:23)
EC Introduction to the Foreign Exchange Market and Exchange Rate Determination (13:34)
AC Macro 5.3- Foreign Exchange Practice (4:12)

Readings

Flexible Exchange Rates pp. 429-430;
Recent U.S. Trade Deficits pp.438-439

Extra Videos

MJM 37 GATT/WTO
MJM 38 Trade Blocks
EC The Determinants of Exchange Rates and Managed Exchange Rate Systems (Net Export Effect) (17:43)
EC A Quiz on Exchange Rate Manipulation
EC The relationship between the Current Account Balance and Exchange Rates
KA Floating exchange resolving trade imbalance (4:08)
KA China pegs to dollar to keep trade imbalance (3:00)
KA Review of China US currency situation (2:35)
AC Macro Unit 5 Intro- FOREX and International Trade (1:35)
AC Macro Unit 5.1- Balance of Payments (3:34)
AC Macro 5.2- Foreign Exchange (FOREX) (5:06)
AC Macro Unit 5, Question 7: Foreign Exchange and Real Interest Rates 2:20

5a Role of Gov't and Gov't Finance

Videos

KA Basics of US income tax rate schedule (4:08)
KA Tax Brackets and Progressive Taxtion (4:14)
KA Chapter 01 - Learning Objective 1-1 -- Progressive, Proportional, Regressive Tax Structures (16:44)

Readings

“The Role of Government” found in Web Chapter 22W, pp. 12 -13 at: http://highered.mcgraw-hill.com/sites/dl/free/0077337727/883829/mcc37727_ch22W_001_020.pdf
Microeconomics Chapter 16, pp 238-246 (Government Finance; Federal Finance; State and Local Finance; Local, State, and Federal Employment; Apportioning the Tax Burden; The VAT). Found on our Blackboard site.

5b Market Failures

Videos

AC Price Ceilings and Floors (YouTube ACDCLeadeship 4:34)
EC Introduction to Market Failure and Negative Externalities of Production (econclassroom.com 14:45)
EC Market Failure - Positive Externalities of Consumption (econclassroom.com 10:51)
EC The Tragedy of the Commons as a Market Failure (econoclassroom.com 14:29)
AC Micro 2.5 Government Price Controls (Floors and Ceilings): Econ Concepts in 60 Seconds 1:13

Readings

Chapter 3: Application: Government-Set Prices pp. 61-64
Chapter 5: Public Goods; Externalities; Government’s Role in the Economy pp. 99-110

UNIT 2 INTRODUCTION TO MACROECONOMICS

12a AD/AS 1

Videos:

Introduction: Business Cycles
- AC Macro Unit 2 Intro: Measuring the Economy 2:11
- MJM 23 Business Cycles 1:07 ("expansion = recovery")
- EC The Business Cycle – Illustrating the Economy’s Booms and Busts (9:22)
- EconMovies- Episode 5: Cars (GDP, Recession, and Fiscal Policy) (5:48)
Aggregate Demand (AD)
- MJM 24 AD and AS (5:32)
- KA Aggregate Demand (13:53)
- KA Shifts in aggregate demand (5:18)
Aggregate Supply (AS)
- MJM 25 (Macro) Episode 25: Macroeconomic Viewpoints (7:06) [explains shape of AS]
- KA Long-run aggregate supply (4:35)
- KA Short run aggregate supply (12:15)
Macroeconomic Equilibrium and Using the AD / AS Model
- MJM 26 (Macro) Episode 26: Fiscal Policy (4:34)
- KA Historical circumstances explained by AD/AS: Demand-pull inflation under Johnson (9:18)
- KA Historical circumstances explained by AD/AS: Real GDP driving price (6:15)
- KA Historical circumstances explained by AD/AS : Cost-push inflation (5:45)

Readings:

Chapter 12 - Aggregate Supply and Aggregate Demand
- Chapter 12 ALL (not the appendix)
- PLUS:
  - Ch. 9: The Business Cycle: pp. 171-173
  - Ch. 13: Fiscal Policy and the AD-AS Model: pp. 258-261
  - Ch. 18: Taxation and AS (Supply -Side Economics): pp. 374-378
  - Ch. 18: From Short Run to Long Run / Applying the Extended AS-AS Model - pp. 362-368
  - Ch. 9: Types of Inflation: pp. 179-180
Ch. 6 Reading Assignments:
- Chapter 6 ALL
- PLUS:
  - Review Ch. 9: The Business Cycle: pp. 171-173
  - Review Ch. 1: "Present Choices, Future Possibilities": pp. 16-18

Extra Videos

AC Macro 2.6- Business Cycle Unit Summary 1:33
AC Macro Unit 3 Intro- Aggregate Demand, Aggregate Supply, and Fiscal Policy 2:10
AC Macro 3.1- Aggregate Demand and Supply and LRAS; Macroeconomics 3:26
AC Macro 3.1 AD, AS, and LRAS (Additional Version) 4:23
AC Macro 3.3- Long- Run Aggregate Supply 2:37
AC Macro 3.6- Classical vs. Keynesian Aggregate Supply- Macroeconomics 4:30
MJM 23 Business Cycles
EC An Introduction to Aggregate Demand (14:30)
- NOTE: Income is NOT a determinant of AD. The video is WRONG.
- The video uses "household DEBT" just like we did in class, but our textbook use "household BORROWING"
- The video did not discuss how TAXES will change consumption and therefore AD.
- The video did not discuss three other determinants of Investment that are in our textbook: technology, degree of excess capacity, and business taxes
- Interesting that the video discussed taxes under government rather than under household consumption where it should be
- Our textbook does not discuss government debt as a determinant of government spending
- ignore the "domestic income" determinant of Xn
EC An Introduction to Aggregate Supply – from Short-run to Long-run (24:48)
- also includes macroeconomic equilibrium and changes in equilibrium
KA Aggregate Demand and Aggregate Supply (12 videos)
- KA The business cycle (11:16)
- KA Monetary and fiscal policy (8:54)
- KA Tax lever of fiscal policy (2:40)
- KA Keynesian economics (12:05)
- KA Risks of Keynesian thinking (8:14)

12b AD/AS 2

Videos

Readings

Chapter 12 - Aggregate Supply and Aggregate Demand
- Chapter 12 ALL (not the appendix)
- PLUS:
  - Ch. 9: The Business Cycle: pp. 171-173
  - Ch. 13: Fiscal Policy and the AD-AS Model: pp. 258-261
  - Ch. 18: Taxation and AS (Supply -Side Economics): pp. 374-378
  - Ch. 18: From Short Run to Long Run / Applying the Extended AS-AS Model - pp. 362-368
  - Ch. 9: Types of Inflation: pp. 179-180
Ch. 6 Reading Assignments:
- Chapter 6 ALL
- PLUS:
  - Review Ch. 9: The Business Cycle: pp. 171-173
  - Review Ch. 1: "Present Choices, Future Possibilities": pp. 16-18

Extra Videos

9a UE

Videos

MJM 18 Unemployment
KA Unemployment Rate Primer v2 9:46
MJM 19 Types of Unemployment (our textbook include seasonal unemployment as a pert of frictional unemployment)
AC Macro 2.5- Unemployment and Natural Rate of Unemployment- AP Macro 1:55
AC The Unemployment Game Show: Are You *Really* Unemployed? from Mint.com 2:10

Readings

Chapter 9: ALL
Ch. 7: "GDP Price Index," pp. 141-142

Extra Videos

KA Unemployment (12:53)

9b IN

Videos

MJM 16 Inflation and Price Index (9:19)

Readings

Chapter 9: ALL
Ch. 7: "GDP Price Index," pp. 141-142

Extra Videos

AC Macro Unit 2.3- GDP Deflator Practice AP Macroeconomics 3:47
AC Macro Unit 2.4- CPI Practice AP Macroeconomics 7:30
MJM 16 Inflation and Price Index
MJM 17 Real Income
KA Inflation (15 videos)
- Introduction to inflation 7:32
- Actual CPI-U basket of goods
- Inflation data
- Real and nominal return
- Calculating real return in last year dollars
- Relation between nominal and real returns and inflation
- Deflation
- Velocity of money rather than quantity driving prices
- Deflation despite increases in money supply
- Moderate inflation in a good economy
- Stagflation
- Deflationary spiral
- Hyperinflation
- Unemployment rate primer
- Phillips curve

7a GDP

Videos:

EconMovies- Episode 6: Back to the Future (Nominal vs. Real, Unemployment, Inflation) (6:29)

Readings: Chapter 7 - ALL

Extra Videos:

AC Macro Unit 2 Intro: Measuring the Economy 2:11
AC Macro Unit 2.1- GDP and Economic Growth 3:38
AC Macro Unit 2.2- Nominal and Real GDP Advanced Placement Macroeconomics 1:42
MJM 20 GDP
MJM 21 Real GDP
EC The Income Approach and the Expenditure Approach to Measuring the GDP of a Nation
EC Updated: Real versus Nominal GDP and the GDP Deflator
KA GDP (11 videos)
- Introduction to economics
- Circular flow of income and expenditures
- Parsing gross domestic product
- More on final and intermediate GDP contributions
- Investment and consumption
- Income and expenditure views of GDP
- Components of GDP
- Examples of accounting for GDP
- Real GDP and nominal GDP
- GDP deflator
- Example calculating real GDP with a deflator

8a EG

Videos:

Readings:

Chapter 8 - ALL
Ch. 1 "A Growing Economy" pp. 15-16
Web Chapter 22W - ALL
- found at: http://highered.mcgraw-hill.com/sites/0077337727/student_view0/web_chapters_and_supplements.html
Also read: http://www.harpercollege.edu/~mhealy/g101ilec/intro/eco/ecomea/ecomeafr.htm

Extra Videos:

AC Macro 3.12- Economic Growth 2:33
MJM 22 Growth

22Wa LDCs

Videos:

Readingsw:

UNIT 3 MACROECONOMIC POLICY

10a Multiplier

Videos:

Readings: Chapter 10 ALL

Extra Videos:

13a FP

Videos:

Readings:

Chapter 13 ALL
PLUS Review Ch. 18 pp. 374-378 "Taxation and Aggregate Supply"

Extra Videos:

13b Other FP and Debt

MJM 25 Macroeconomic Viewpoints
Does the economy self-adjust? If so, what is the role for the government if the economy is not where we'd like it to be? This video takes a brief look at two different schools of economic thought.
MJM 28 Taxes and Budget
KA Deficit and debt ceiling
KA Government's financial condition

14a What is Money? Money Market Model, and the Fed

Videos:

Readings: Chapter 14: ALL

Extra Videos:

AC Macro Unit 4 Intro- Monetary Policy (AP Macroeconomics) 1:53
AC Macro 4.1- Money Market and FED Tools (Monetary Policy) 5:21
AC What is the Fed? 2:37 by FedReserveBoard
MJM 29 What is Money
MJM 31 The Fed
EC Introduction to the Money Market (9:48)
KA The Monetary System (8 videos)
- Overview of fractional reserve banking
- Weaknesses of fractional reserve lending
- Full reserve banking
- Money supply: M0, M1, and M2
- Simple fractional reserve accounting (part 1)
- Simple fractional reserve accounting (part 2)
- Interest as rent for money
- Money supply and demand impacting interest rates

15a How Banks Create Money

Videos:

Readings:

Chapter 15: ALL
Chapter 16: Interest Rates pp. 315-317 ???????

Extra Videos:

AC Macro Unit 4, Question 2- Bank Balance Sheet 1:32
AC Macro 4.4-Money Multiplier & Reserve Requirement (AP Macro) 2:44
AC Macro 4.5- Money Multiplier Practice (AP Macro) 3:03
AC Macro 2012 FRQ #2 3:32
AC Macro 4.6- Interest Rates: Real vs Nominal Practice 2:35 ???????
MJM 30 Creating Money
EC Money Creation in a Fractional Reserve Banking System
KA Money, Banking, and Central Banks (85 videos)
KA Banking 4: Multiplier effect and the money supply

16a MP

Videos:

MJM 32 Monetary Policy (7:18)
- NOTE: this is a simplistic introduction. The three ACDC Leadership videos below are much better
- NOTE: when she discusses a CHANGE IN RESERVES she really means a change in EXCESS reserves (ER)
- NOTE: she also does not discuss how a change in the required reserve ration (r) not only changes the size of the multiplier, but it also changes the amount of excess reserves (ER)
Macro 4.1- Money Market and FED Tools (Monetary Policy) 5:20 [YouTube ACDCLeadership]
Macro 4.2- Monetary Policy and Aggregate Demand 3:21 (recessionary gap) [YouTube ACDCLeadership]
- NOTE: the LRAS curve is the level of output where full employment is achieved. We used RDO_f in class or Q_f on the graphs below
Macro 4.3- Graphing Monetary Policy Practice (AP Macroeconomics) 2:44 (inflationary gap)[YouTube ACDCLeadership]
- NOTE: the LRAS curve is the level of output where full employment is achieved. We used RDO_f in class or Q_f on the graphs below

Readings:

Extra Videos:

EC The Tools of Monetary Policy (16:30)
EC Introduction to the Money Market (9:48)
EC Evaluating the Effectiveness of Monetary Policy During Recessions (15:45)

16b Other Macro Issues, Models,

Videos:

Readings:

Extra Videos:

EC Measuring the Macroeconomic Objectives: Economic Growth, Unemployment and Inflation
EC The Short-run Phillips Curve
EC The Long-run Phillips Curve
EC Introduction to Supply-side Policies
AC Macro 3.4- The Phillips Curve (Short and Long Run)AP Economics 3:48
AC Marco 3.5- Graphing Practice (AP Economics) 4:36
Mr. Clifford explains how to show recession and inflation on four different models: AD and AS, Phillips Curve, PPC, and Business Cycle.

VIDEOS

Macroeconomics Playlists

Unit 1: ECONOMICS and GLOBALIZATION

Unit 2: INTRODUCTION TO MACROECONOMICS

Unit 3: MACROECONOMIC POLICY

UNIT 1 - INTRODUCTION TO ECONOMICS AND GLOBALIZATION

1a Syllabus and introduction to Economic Globalization

1b 5Es

1c What is Economics, Models, BCA, Budget Lines

1d PPC

2a Globalization (Structural Adjustment)

3a Demand

3b Supply

3c Market Equilibrium: So, what happens to Price and Quantity?

20a Why we Trade: Comparative Advantage

20b International Trade and Foreign Exchange Markets

5a Role of Gov't and Gov't Finance

5b Market Failures

UNIT 2 INTRODUCTION TO MACROECONOMICS

12a AD/AS 1

12b AD/AS 2

9a UE

9b IN

7a GDP

8a EG

22Wa LDCs

UNIT 3 MACROECONOMIC POLICY

10a Multiplier

13a FP

13b Other FP and Debt

14a What is Money? Money Market Model, and the Fed

15a How Banks Create Money

16a MP

16b Other Macro Issues, Models,