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Chris Sorensen & Ammul Shergill

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Michael Hartl

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1. Introduction to Macroeconomics

2. Introductory Economic Models

3. Supply and Demand

4. Elasticity

5. Consumer and Producer Surplus; Price Ceilings and Price Floors

6. Introduction to Taxes

7. Externalities

8. The Types of Goods

9. International Trade

10. Measuring National Output and Income 

11. Unemployment and Inflation

12. Productivity and Economic Growth

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Limitations of GDP: Household Production, Informal Economy, and Non-Market Values

Shortcomings of GDP

Positive and Normative Statements

Externalities: Social Benefits and Social Costs

Limitations of GDP: Household Production, Informal Economy, and Non-Market Values

Study Guide - Learn with Videos

Shortcomings of GDP

Positive and Normative Statements

Externalities: Social Benefits and Social Costs

Positive and Normative Statements