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AP®︎ Macroeconomics content aligned to standards

This page lists every piece of course content once and shows all the standards covered by that content. So, standards may appear more than once in this view. If you would like to quickly see all of the course content aligned to a particular standard, the Standards aligned to content page may be better suited.

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Each of our units is listed with a table of its contents, with the course content on the left side (Lessons ☰, Articles 📝, Videos 📺, and Exercises ✅) and the covered standards on the right side.
Place your cursor over a standard to reveal its description. Click a piece of course content to visit that Unit, Lesson, Article, Video, or Exercise.
If you’re looking for all of the course content that’s aligned with a particular standard, you can use the “Find” feature of your browser to search for the standard or use the Standards aligned to content page.
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ContentStandards
Scarcity
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📺 Introduction to economics
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📺 Scarcity
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📺 Four factors of production
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📺 Normative and positive statements
📺 Economic models
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📝 Lesson summary: Introduction to Macroeconomics
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Introduction to scarcity and the economic way of thinking
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Opportunity cost and the Production Possibilities Curve
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📺 Production possibilities curve
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📺 Opportunity cost
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📺 Increasing opportunity cost
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📺 PPCs for increasing, decreasing and constant opportunity cost
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📺 Production Possibilities Curve as a model of a country's economy
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📝 Lesson summary: Opportunity cost and the PPC
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Opportunity cost and the PPC
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Comparative advantage and the gains from trade
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📺 Comparative advantage, specialization, and gains from trade
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📺 Comparative advantage and absolute advantage
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📺 Opportunity cost and comparative advantage using an output table
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📺 Terms of trade and the gains from trade
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📺 Input approach to determining comparative advantage
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📺 When there aren't gains from trade
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📺 Comparative advantage worked example
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📝 Lesson summary: Comparative advantage and gains from trade
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Comparative advantage and the gains from trade
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Demand
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📺 Law of demand
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📺 Price of related products and demand
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📺 Change in expected future prices and demand
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📺 Changes in income, population, or preferences
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📺 Normal and inferior goods
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📺 Change in demand versus change in quantity demanded
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📝 Lesson summary: Demand and the determinants of demand
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Demand
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Supply
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📺 Law of supply
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📺 Factors affecting supply
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📺 Change in supply versus change in quantity supplied
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📝 Lesson summary: Supply and its determinants
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Supply
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Market equilibrium, disequilibrium, and changes in equilibrium
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📺 Market equilibrium
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📺 Changes in market equilibrium
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📺 Changes in equilibrium price and quantity when supply and demand change
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📝 Lesson summary: Market equilibrium, disequilibrium, and changes in equilibrium
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Market equilibrium and disequilibrium
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Changes in equilibrium
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ContentStandards
The Circular Flow and GDP
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📺 Circular flow of income and expenditures
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📺 Parsing gross domestic product
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📺 More on final and intermediate GDP contributions
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📺 Investment and consumption
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📺 Income and expenditure views of GDP
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📺 Value added approach to calculating GDP
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📺 Components of GDP
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📺 Expenditure approach to calculating GDP examples
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📝 Lesson summary: The circular flow and GDP
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The circular flow model and GDP
Limitations of GDP
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📺 Limitations of GDP
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📝 Lesson summary: The limitations of GDP
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Limitations of GDP
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Unemployment
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📺 Unemployment rate primer
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📺 Natural, cyclical, structural, and frictional unemployment rates
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📺 Worked free response question on unemployment
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📝 Lesson summary: Unemployment
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Unemployment
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Types of unemployment and the natural rate of unemployment
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Price Indices and inflation
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📺 Introduction to inflation
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📺 Deflation
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📺 Example question calculating CPI and inflation
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📝 Lesson summary: Price indices and inflation
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The Consumer Price Index (CPI)
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Costs of Inflation
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📺 Winners and losers from inflation and deflation
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📝 Lesson summary: The costs of inflation
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The costs of inflation
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Real vs. nominal GDP
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📺 Real GDP and nominal GDP
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📺 GDP deflator
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📺 Example calculating real GDP with a deflator
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📝 Lesson summary: Real vs. nominal GDP
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Real vs. nominal GDP
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Business cycles
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📺 The business cycle
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📺 Business cycles and the production possibilities curve
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📝 Lesson summary: Business cycles
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Business cycles
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ContentStandards
Aggregate demand
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📺 Aggregate demand
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📺 Shifts in aggregate demand
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📝 Lesson summary: aggregate demand
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Aggregate Demand
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Multipliers
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📺 MPC and multiplier
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📺 Tax multiplier, MPC, and MPS
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📝 Lesson summary: The expenditure and tax multipliers
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Expenditure and Tax Multipliers
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Short-run aggregate supply
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📺 Short run aggregate supply
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📝 Lesson summary: Short-run aggregate supply
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Short-run aggregate supply
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Long-run aggregate supply
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📺 Long-run aggregate supply
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📝 Lesson summary: long-run aggregate supply
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Long-run aggregate supply
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Equilibrium in the AD-AS Model
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📺 Short run and long run equilibrium and the business cycle
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📝 Lesson summary: equilibrium in the AD-AS model
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Equilibrium in the AD-AS model
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Changes in the AD-AS model in the short run
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📺 Shifts in aggregate demand
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📺 Demand-pull inflation under Johnson
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📺 Cost-push inflation
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📝 Lesson summary: Changes in the AD-AS model in the short run
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Changes in the AD-AS model in the short run
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Long run self-adjustment
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📺 Long run self adjustment
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📝 Lesson summary: Long run self-adjustment in the AD-AS model
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Long run self-adjustment in the AD-AS model
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Fiscal policy
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📺 Fiscal policy to address output gaps
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📺 Calculating change in spending or taxes to close output gaps
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📝 Lesson summary: Fiscal policy
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Fiscal policy: foundational concepts
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Fiscal policy
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Automatic stabilizers
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📺 Automatic stabilizers
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📝 Lesson summary: automatic stabilizers
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Automatic stabilizers
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ContentStandards
Financial assets
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📺 Introduction to interest
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📺 Introduction to bonds
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📺 Relationship between bond prices and interest rates
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📺 What it means to buy a company's stock
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📺 Bonds vs. stocks
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📝 Lesson Summary: Financial assets
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Financial assets
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Nominal vs. real interest rates
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📺 Real and nominal return
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📺 Calculating real return in last year dollars
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📺 Nominal interest, real interest, and inflation calculations
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📝 Lesson summary: nominal vs. real interest rates
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Nominal vs. real interest rates
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Definition, measurement, and functions of money
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📺 Money supply: M0, M1, and M2
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📺 Functions of money
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📺 When the functions of money break down: Hyperinflation
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📺 Commodity money vs. Fiat money
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📝 Lesson summary: definition, measurement, and functions of money
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Definition, measurement, and functions of money
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Banking and the expansion of the money supply
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📺 Bank balance sheets in a fractional reserve system
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📺 Money creation in a fractional reserve system
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📺 Bank balance sheet free response question
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📝 Lesson summary: banking and the expansion of the money supply
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Introduction to fractional reserve banking
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Required reserves, excess reserves, and bank behavior
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The money multiplier and the expansion of the money supply
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The Money market
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📺 Demand curve for money in the money market
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📺 Equilibrium nominal interest rates in the money market
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📝 Lesson summary: the money market
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The money market: foundational concepts
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Changes in the money market
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Monetary policy
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📺 Monetary policy tools
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📝 Lesson summary: monetary policy
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Monetary policy: foundational concepts
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Using monetary policy to affect the economy
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The Market for loanable funds
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📺 Loanable funds market
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📺 National savings and investment
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📝 Lesson summary: the market for loanable funds
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The market for loanable funds
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Changes in the market for loanable funds
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ContentStandards
Fiscal and Monetary Policy Actions in the Short Run
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📺 Fiscal and monetary policy in parallel
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📝 Lesson summary: Fiscal and monetary policy actions in the short run
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Fiscal and monetary policy actions in the short run
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The Phillips curve
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📺 Phillips curve
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📺 Changes in the AD-AS model and the Phillips curve
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📝 Lesson summary: the Phillips curve
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The Phillips curve: foundational concepts
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The Phillips curve: linking changes in the AD-AS model to the Phillips curve
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Money growth and inflation
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📺 Quantity theory of money
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📝 Lesson summary: money growth and inflation
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Money growth and inflation
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Crowding out
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📺 Crowding out
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📝 Lesson summary: crowding out
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Crowding out
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Deficits and debts
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📺 Deficits and debt
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📝 Lesson summary: Deficits and debts
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Deficits and debts
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Economic growth
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📺 Economic growth through investment
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📺 Understanding economic growth
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📺 The aggregate production function and growth
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📺 Changes in the aggregate production function
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📝 Lesson summary: Economic growth
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Economic growth
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Public policy and economic growth
📺 Return on capital
Public policy and economic growth
📝 Lesson summary: Public policy and economic growth
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ContentStandards
The balance of payments
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📺 Balance of payments: Current account
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📺 Data on Chinese US balance of payments
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📺 Balance of payments: Capital account
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📝 Using a person's budget to understand the balance of payments
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📝 Lesson summary: The balance of payments
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The balance of payments
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Exchange rates
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📺 Exchange rate primer
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📝 Lesson Summary: Exchange rates
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Exchange rates
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The foreign exchange market
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📺 Currency exchange introduction
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📺 Supply and demand curves in foreign exchange
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📝 Lesson summary: the foreign exchange market
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The foreign exchange market
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Effect of changes in policies and economic conditions on the foreign exchange market
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📺 Causes of shifts in currency supply and demand curves
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📝 Lesson summary: effect of changes in policies and economic conditions on the foreign exchange market
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Foundational concepts: determinants of currency supply and currency demand
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Effect of changes in policies and economic conditions on the foreign exchange market
Changes in the foreign exchange markets and net exports
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📺 Introduction to currency exchange and trade
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📝 Lesson summary: Changes in the foreign exchange markets and net exports
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Changes in the foreign exchange markets and net exports
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Real Interest Rates and International Capital Flows
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📺 Interest rate changes in one country and currency values, the balance of payments, and exports.
📝 Real interest rates and international capital flows
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Real interest rates and international capital flows
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