Principles of Macroeconomics, Spring 2013

Lecture 14 5/21: Lecture uses the aggregate demand and supply model from the perspective of Keynesian economics to explain the effect of a change in government spending.

Lecture 13: (5-16) Continues the lecture on Supply and demand focusing on the long and short run aggregate supply curves and the factors that can cause them to shift and the concept of equilibrium in the AS AD model.

Lecture 12 (5-14): Introduces supply and demand in a Macro setting. Defining aggregate supply and demand in the economy. Definition of curves in short and long run and causes of shifts in curves.

Lecture 11 (5/9): Finish lecture on inflation and begin inequality. Defining inequality, measuring inequality and exploring how inequality affects growth.

Lecture 10 (5/7): Measurements of inflation, including the consumer price index and the GDP deflator. Also effects of inflation and problems with measurements.

Lecture 9 (5/2): The second lecture on unemployment, covers sticky wages and types of unemployment: cyclical, structural and frictional.

Lecture 8 (6/25): This lecture covers unemployment, including the definition of unemployment and the labor force. Stevens talks about statistics over time and across different groups.

Lecture 7 (4/23): This lecture covers economic growth, including measurement of growth, and the calculation of growth rates. Also in the lecture, Professor Stevens discusses the production function in the economy, speed of convergence and the great divergance.

Lecture 6 (4/18): Professor Stevens covers the Gross Domestic Product definition, examples and calculation. and Includes methods of measuring GDP, use of GDP as a standard of living and the GDP deflator.

Lecture 5 (4/16): Second lecture on Supply and Demand includes shifts of curves, price ceilings, price floors and comparative statics.

Lecture 4 (4/11) This video covers an introduction to our supply and demand framework. Determinants of supply and demand and factors that can cause shifts in the supply and demand curves.

Lecture 3 (4/9): Lecture covers the factors that affect choices made by economic agents. This includes budget sets, determinants of interest rates and opportunity costs.