- Course type: Self-paced
- Available Lessons: 128
- Average Lesson Length: 8 min
- New lessons are still being added
Watch a preview:chapter 1 / lesson 1What is Macroeconomics? - Definition & Principles
Course SummaryLet us help you prepare for the UExcel Introduction to Macroeconomics exam and earn college credit with our flexible test prep course. Review the video lessons and quizzes to study all the topics you'll encounter on the test.
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17 chapters in UExcel Introduction to Macroeconomics: Study Guide & Test Prep
Course Practice TestCheck your knowledge of this course with a 50-question practice test.
- Comprehensive test covering all topics
- Detailed video explanations for wrong answers
About This Course
You can earn three college credits in just a few short weeks by studying with our UExcel Introduction to Macroeconomics prep course. The credit you earn from passing the UExcel exam is transferable to more than 2,900 colleges and universities.
The fun and fast video lessons in this course cover all the topics found in an introductory 1-semester macroeconomics college course, such as inflation, monetary policies and foreign exchange. You'll learn how to calculate market equilibrium and determine present and future values of money.
Syllabus & Course Information
You'll have knowledge of the objectives below after you've watched the lessons in this course. These objectives are in line with the concepts tested on the UExcel Intro to Macroeconomics exam. To further prepare - use our course final exam, which closes out the lessons.
- Study economic scarcity and the function of choice, opportunity cost and how to calculate it, applying the production possibilities model and shifts in the production possibilities curve.
- Learn about comparative advantages, gains from trade and the benefit of specialization, absolute advantage in trade and differentiating between comparative and absolute advantage.
- Find out about market demand schedule, market supply schedule, the law of the downward sloping demand curve and the upward sloping supply curve.
- Study how to calculate market equilibrium and how changes in supply and demand affect market equilibrium.
- Learn about the circular flow of economic activity, gross domestic product, the income and expenditure approaches, intermediate goods, final goods and GDP.
- Take a look at investment vs. investments in economics.
- Examine the consumer price index, the GDP deflator, the substitution bias and real GDP.
- Study how to adjust wages for the inflation rate and calculate real GDP growth rates.
- Learn about the multiplier effect and cost-push inflation.
- Examine how to define and measure the unemployment rate, why the unemployment rate decreases and increases, the three types of unemployment, the natural rate of unemployment and the effect of minimum wage on unemployment.
- Examine the Keynesian model and the classical model of the economy.
- Take a look at supply and demand curves, Keynes' economic theory of aggregate demand, shifts in labor supply and labor demand, marginal propensity to consume, sticky wages and prices and aggregate supply.
- Take a look at real output, expansionary gap, contractionary gap, full employment GDP and economic performance over time.
- Learn about recession vs. depression.
- Examine inflation with a look at the Phillips Curve Model and factors that shift the Phillips Curve.
- Learn about economic growth and how real GDP per capita affects the standard of living.
- Find out about productivity, investment in human capital and physical capital.
- Study types of financial assets, the four basic functions of money, the fractional reserve system, money demand and interest rates.
- Find out about calculating the time value of money and measuring the money supply.
- Take a look at topics relevant to money, such as the Federal Reserve system, open market operations, quantity theory of money and the velocity of money.
- Look at how the reserve ratio affects the money supply, how banks borrow money from the Federal Reserve and how the Federal Reserve changes the money supply.
- Find out about concepts that include the Keynesian Revolution, economic stabilization, fiscal policy tools, expansionary fiscal policy, aggregate demand, contractionary fiscal policy, supply-side economics, contractionary gap and expansionary gap.
- Study foreign currency exchange.
- Learn about currency appreciation and depreciation, how fiscal and monetary policies affect the exchange rate and how currency changes affect imports and exports.
- Find out about net exports, capital flows, trade balance, financial markets, goods markets, tariffs and trade restrictions.
Prerequisites aren't needed for this introductory course. You can get started right away learning about macroeconomic principles.
This course has 111 video lessons contained in 15 chapters. These lessons can be viewed in about five to ten minutes and come with a short quiz to test your knowledge of the materials. You'll find a transcript attached to each lesson in case you want to follow along or refer back to a key concept.
A progress tracking tool is available if you want to keep track of the lessons you've watched and quizzes you've passed. If you have any questions, you can ask the course experts who lead these lessons. To make sure you're ready for the UExcel exam, use the chapter exams and final exam that come with the course.
UExcel Introduction to Macroeconomics Exam Information
The UExcel Intro to Macroeconomics exam asks questions that cover the same info you would learn about if you spent a semester participating in a traditional college course in macroeconomics. An introductory macroeconomics course is generally a lower-level requirement for business majors. It can also be used to fulfill general education requirements.
- Number of Questions: Approximately 120
- Question Type: Multiple choice
- Time Limit: 2 hours
- Number of Credits: 3
- Exam Cost: $95
Earn UExcel Credit
The UExcel Introduction to Macroeconomics Exam leads to three college credits that you can use to earn your degree faster - potentially cutting the cost of your degree in half. This prep course is the most efficient way to prepare for this exam and earn credits quickly.
Study Schedule for the UExcel Introduction to Macroeconomics Exam
This course consists of about 11 hours of instruction. You can choose a study schedule that works best for you, but we've included a timetable below to help you determine when you should schedule your exam. To make sure you get the test time slot that you want, call the test center a few weeks before you want to take the exam.
|Study Frequency||When You'll Be Ready for the Exam|
|3 hours a day; 3 days a week||Just over 1 week|
|2 hours a day; 3 days a week||Nearly 2 weeks|
|1 hour a day; 3 days a week||Nearly 4 weeks|
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