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Module Introduction to Macroeconomics - Wikispaces
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AP Macroeconomics Intro to Macroeconomics
I. Introduction: Lecture 1 | 43:55 min
In this lesson, our instructor Jibin Park gives an introduction to macroeconomics. He the four factors of production, needs vs wants, choice and cost, opportunity cost, positive economics vs negative economics, marginal analysis, production possibilities frontier, increasing opportunity cost, and constant opportunity cost.
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DiscussionStudy GuidesDownload Lecture SlidesTable of ContentsRelated BooksShare this knowledge with your friends!Copy & Paste this embed code into your website’s HTML<input id="embed_code" type="text" value='Lesson provided by ' readonly title="Embed code, copy and paste into your site">
Please ensure that your website editor is in text mode when you paste the code. (In Wordpress, the mode button is on the top right corner.)Video size: 1000 × 689457 × 315523 × 360697 × 480Custom size Show resize button - Allow users to view the embedded video in full-size.Will this course be good for an I ntro to macroeconomic at a college?0 answersSorry, I understand now. 0 answersWithout clothing we may freeze and die or get ill. I would say it was a need and maybe fancy designer clothes would not be needed, nor would a full wardrobe.
Also Internet access maybe needed else people can not function, so this lecture is not practical. A laptop may give inform us so we do not need a TV.1 answerLast reply by: Professor Jibin ParkWed May 14,
AMIs it an incorrect statement to compare the efficiency of the points on the PPF curve by comparing the area of the rectangles they create?Intro to MacroeconomicsAll resources are scarce. Scarcity is the fundamental problem in economics. Unlimited wants vs. limited resources.We prioritize our wants and make choices based on our subjective values.Positive economics deals with how things are while normative economics deals with how things should be.Every choice has an opportunity cost.Most decisions are made at the margin.Underutilization of resources results in inefficiency.Production possibilities frontier graphs can have either increasing or constant costs.Intro to MacroeconomicsLecture Slides are screen-captured images of important points in the lecture. Students can download and print out these lecture slide images to do practice problems as well as take notes while watching the lecture.Download All SlidesIntro 0:00Lesson Overview 0:14What is Economics? 1:33The Study of How People Seek to Satisfy Their Needs and Wants by Making ChoicesScarcityFour Factors of Production (Resources) 2:59LandLaborCapitalEntrepreneurshipNeeds vs. Wabts 5:10Choice and Cost 11:24Opportunity CostTrade-OffOpportunity Cost Example 14:16Positive Economics vs. Normative Economics 16:19Positive EconomicsNormative EconomicsIs It Normative or Positive? 18:30Marginal Analysis 20:54Thinking at the MarginAll or Nothing PropositionsWhether or Not to Consume the Next UnitMarginal Analysis Example 22:10Production Possibilities Frontier 25:00GraphEfficiencyUnderutilizationPPF GraphsGuns or Butter AnalogyIncreasing Opportunity Cost 27:48Law of Increasing Opportunity CostCurve Will Be ConcaveExampleConstant Opportunity Cost 33:45Definition of Constant Opportunity CostDownward-Sloping LineExampleExample 1 37:32Example 2 39:12Example 3 40:37Example 4 42:11AP Macroeconomics Online CourseI. Introduction 43:55 45:14 48:05 30:07II. Measurements of Economic Performances 50:25 43:39 28:44III. National Income and Price Determination 30:20 24:03 43:41 45:30IV. Financial Sector 48:57 34:05 32:00 25:42 33:52 32:55V. Inflation, Unemployment, and Stabilization Policies 40:08 32:24VI. Economic Growth and Productivity 32:28 36:56VII. Open Economy: International Trade and Finance 40:31VIII. AP Test 21:51 46:02 23:14 22:39 1:16:21Related BooksFollow:&#xe621; 上传我的文档
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Macroeconomics - Pearson Canada
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