Macroeconomics- Everything You Need to Know

Jacob Clifford
984K subscribers
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3.7M views 8 years ago
Start the Ultimate Review Packet for FREE https://www.ultimatereviewpacket.com/ In this video, I quickly cover all the concepts and graphs that you will see in an AP macroeconomics or college-level introductory macroeconomics course. Don't take notes. Just get the big picture. Note At 25:48, the signs are reversed. I talk about scarcity, opportunity cost, the PPC, comparative advantage, supply and demand, GDP, unemployment, inflation, aggregate demand and supply, LRAS, Phillips Curve, economic growth, fiscal policy, money, banking, monetary policy, the Money Market, loanable funds, the balance of payments, and exchange rates. Wow! That's a lot of stuff. Good luck on your test! Macroeconomics Videos    • Video   Microeconomics Videos    • All Microeconomics Playlists - ACDC Econ   ...more
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These chapters are auto-generated

Intro

0:00

Basic Economic Concepts

0:55

The Production Possibilities Curve (PPC) B

1:15

Economic Systems

2:58

Circular Flow Model Vocab Private Sector. Part of the economy that is run by individuals and businesses Public Sector- Part of the economy that is controlled by the government Factor Payments- Payment for the factors of production, namely rent, wages, interest, and

3:33

Macro Measures

5:18

Nominal GDP vs. Real GDP

7:54

Frictional Unemployment -Frictional unemployment- Temporary unemployment or being between jobs Individuals are qualified workers with transferable skills.

9:18

Structural Unemployment Structural Unemployment Changes in the labor force make some skills obsolete. These workers DO NOT have transferable skills and these jobs will never come back. Workers must learn new skills to get a job.

9:22

LIMIT INFLATION

10:44

The Government Prints TOO MUCH Money (The Quantity Theory) . Governments that keep printing money to pay debts end up with hyperinflation. Quantity Theory of Money Identity

13:11

Difficulty: 4/10 Hardest Concepts: CPI GDP Deflator

14:32

Aggregate Supply

15:59

The Phillips Curve

18:29

The Multiplier Effect

19:22

Difficulty: 8/10 Hardest Concepts: Graphs Spending Multiplier

20:43

Money, Banking, and Monetary Policy

20:56

The Money Market

22:30

Shifters of Money Supply

23:34

Difficulty: 8/10 Hardest Concepts: Monetary Policy Balance Sheets

25:24

International Trade and Foreign Exchange

25:36

Balance of Payments (BOP) Balance of Payments (BOP)- Summary of a country's international trade. The balance of payments is made up of two accounts. The current account and the financial account

25:39

Foreign Exchange (aka. FOREX)

26:49

Difficulty: 6/10 Hardest Concepts: Exchange Rates

29:35
Macroeconomics- Everything You Need to Know
87KLikes
3,756,606Views
2017May 9
Start the Ultimate Review Packet for FREE https://www.ultimatereviewpacket.com/ In this video, I quickly cover all the concepts and graphs that you will see in an AP macroeconomics or college-level introductory macroeconomics course. Don't take notes. Just get the big picture. Note At 25:48, the signs are reversed. I talk about scarcity, opportunity cost, the PPC, comparative advantage, supply and demand, GDP, unemployment, inflation, aggregate demand and supply, LRAS, Phillips Curve, economic growth, fiscal policy, money, banking, monetary policy, the Money Market, loanable funds, the balance of payments, and exchange rates. Wow! That's a lot of stuff. Good luck on your test! Macroeconomics Videos    • Video   Microeconomics Videos    • All Microeconomics Playlists - ACDC Econ  

Follow along using the transcript.

Jacob Clifford

984K subscribers