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Economics 112: Introductory Macroeconomics Syllabus and Core Concepts

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Introduction to Economics

Three Key Economic Ideas

PPF - Comparative Advantage and Trade

Expenditure Approach for Measuring GDP

Detailed Explanation of GDP Components

Nominal GDP and Real GDP

Labor Force and Unemployment

Types of Unemployment

Inflation and Consumer Price Index (CPI)

Long-Run Economic Growth

Investment, Savings, and the Financial System

Business Cycles and Their Characteristics

Aggregate Expenditures Model and Macroeconomic Equilibrium

Aggregate Demand

Shifting Aggregate Demand

Long Run Aggregate Supply

Short Run Aggregate Supply

AD-AS Model: Equilibrium in the Short Run and Long Run

Introduction to the Federal Reserve

The Federal Reserve and the Money Supply

Monetary Policy and Aggregate Demand

Expansionary and Contractionary Monetary Policy

Introduction to Fiscal Policy

Expansionary and Contractionary Fiscal Policy

Government Purchases and the Multiplier Effect

Taxes, the Multiplier Effect, and Automatic Stabilizers