The economy as a whole.

Unit 1 · Output

National income

GDP, real vs nominal, expenditure approach, income approach.

1 demo lesson · 8 cards Unit 2 · Prices

Inflation

CPI, PPI, demand-pull vs cost-push, hyperinflation.

1 demo lesson · 8 cards Unit 3 · Labor

Unemployment

Types (frictional, structural, cyclical), natural rate, Phillips curve.

1 demo lesson · 8 cards Unit 4 · Spending

Fiscal policy

Government spending, taxation, deficits, debt, multipliers.

1 demo lesson · 8 cards Unit 5 · Money

Monetary policy

Central banks, interest rates, money supply, transmission mechanism.

1 demo lesson · 8 cards Unit 6 · World

Open economy

Exchange rates, balance of payments, trade balances.

1 demo lesson · 8 cards Unit 7 · Long run

Growth

Solow model, productivity, capital accumulation, technology.

1 demo lesson · 8 cards Unit 8 · Cycles

Business cycles

Recession, expansion, AD/AS, leading indicators.

1 demo lesson · 8 cards Unit 9 · Plumbing

Financial system

Banks, money creation, financial markets, regulation.

1 demo lesson · 8 cards