Macroeconomics 1
Principles of Mac
Scarcity / Opportunity Cost
Assumptions in Economics
Positive vs Normative Statements
Circular Flow Diagram
Production Possibilities Frontier
Measuring a Nation Income
Economy's income and expenditure
GDP, Real vs Nominal
GDP Deflator
GDP vs Economic Wellbeing
Production & Growth
Production Possibilities Frontier (PPF)
Factors of Production
Productivity and Growth
Public Policy and Economic Growth
Saving, Investment & the Financial System
The Financial System
The Saving, Investment Identity, Paradox of Thrift
Loanable Funds Market & Government's Roles
The Crowding-Out Effect
Aggregate Demand & Aggregate Suppy
Short-term Economic Fluctuations
Economy in the Short/Long-Run
Short-run Theory: Model of Aggregate Demand & Supply
Shifts in Aggregate Demand/Supply can cause recessions
Money Market
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