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Ch 31: Overview of Macroeconomics

About This Chapter

Refresh your understanding of macroeconomics ahead of an important exam by reviewing the lessons provided in this informative chapter. Each short video lesson is followed by a multiple-choice quiz you can use to reinforce the topics you studied.

Overview of Macroeconomics - Chapter Summary

Our instructors provide an overview of macroeconomics in this engaging chapter. When you work through these lessons, you can study the business cycle and increase your understanding of aggregate supply and demand. After completing this chapter, you should be ready to:

  • Outline the effects of fiscal policy
  • Identify different types of banking systems
  • Explain the role and effects of monetary policy
  • Discuss the politics and economics of international trade
  • Detail how the exchange rate is converted across countries
  • Define economic growth and its impact
  • Describe how productivity and the economy are interconnected
  • Outline goods markets and financial markets

These helpful lessons and quizzes are designed by experienced instructors so you can feel confident you're learning the most accurate information possible in a user-friendly way. As you watch a video lesson, use the video tabs feature to go back and review topics or skip ahead to subjects you know you need to focus on. If you need any assistance along the way, feel free to contact one of our instructors for help.

10 Lessons in Chapter 31: Overview of Macroeconomics
Test your knowledge with a 30-question chapter practice test
The Business Cycle: Economic Performance Over Time

1. The Business Cycle: Economic Performance Over Time

Learn the economic terms that describe economic performance over time and how indicators such as unemployment and inflation behave throughout these economic fluctuations.

Understanding Aggregate Supply & Demand

2. Understanding Aggregate Supply & Demand

In this lesson, we explore aggregate supply and aggregate demand. In addition, we discover how economists represent these terms on a graph, using the AS/AD model.

What is Fiscal Policy? - Definition, Effects & Example

3. What is Fiscal Policy? - Definition, Effects & Example

Government taxing and spending has broad implications for the overall economy. In this lesson, you'll learn about fiscal policy, what it is and how it affects the economy.

Banking System: Definition & Types

4. Banking System: Definition & Types

Banks are a huge part of our lives. In this lesson, we will explore the banking system. We will learn about different types of banks as well as how they each function.

What is Monetary Policy? - Definition, Role & Effects

5. What is Monetary Policy? - Definition, Role & Effects

National governments have a couple of tools they can use to steer an economy. Monetary policy is one of those tools. In this lesson, you'll learn what monetary policy is and discover its role and its effects. A short quiz follows the lesson.

The Economics & Politics of International Trade

6. The Economics & Politics of International Trade

We will discuss the economics & politics of international trade through the definition of open trade and its benefits and drawbacks. In addition, the ideas of competitive advantage and political patience will be shown as key indicators of global success.

Exchange Rate: Determination and Conversion Across Countries

7. Exchange Rate: Determination and Conversion Across Countries

Understand what exchange rates are and the different types that can be used by governments and countries. See how they operate and how the conversion process works across countries.

What is Economic Growth? - Definition, Theory & Impact

8. What is Economic Growth? - Definition, Theory & Impact

How do we measure and explain economic growth? This lesson will go through the various theories of economic growth which all try to explain how a country continues to increase production.

Productivity: The Economy's Long-Run Growth Engine

9. Productivity: The Economy's Long-Run Growth Engine

Using real-world examples, you'll learn more about what productivity is and four things that determine it within a nation - physical capital, technology, human capital, and natural resources.

Financial Markets & Goods Markets

10. Financial Markets & Goods Markets

Learn about two of the biggest markets in most economies; the financial and goods markets. Find out what financial markets are and the purpose they serve. Explore the stock market and bond market and see how they are different than the goods market.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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