Economics Interactive Notes & Links
Two-page lecture notes, video lectures, review materials, tests, class discussion and
economic concepts questions, links to current economic issues, many with videos
Please link to and use as a textbook/supplement and Share  10/8/20

Macroeconomics   Microeconomics    Supplements

Quick Studies Current Economic Controversies  Discussion Questions  Trumponomics  Decision 2020
1-Page Econ   1-Picture Econ    1-Page Political Econ   Teaching Resources    Calculus Videos

Special Studies 9/9/20  Alarmists Battle Do-nothings Over Covid-19 Lockdown 
U.S. Economic Wellbeing: The Good & The Bad  Source: Economics Internet Library
 

Introduction to
Macroeconomics

Part 1. Economic Activity

1) Economics Defined

2) Economizing Scarce Resources

3) Market System Capitalism
 

Macro Test Review Notes # 1

Part 2. Total Economic Activity

Prelude: Macroeconomics Overview

8) Measuring Total Economic Activity

9) The Business Cycle
 

Related Studies Recession Chronology Most Severe US Recessions The Great Recession 3 p Great Recession: Historical Perspective Tale of Three Depressions Market Bubbles Coding Law and the Financial Crisis Financial Crisis Courses How US Got Out of Last 12 Recessions

10) Macro Equilibrium

11) Competing Macro Theories

12 Keynesian View Expanded

17) Budget Deficits
See
National Debt is a Catastrophe

18) Economic Growth

 Appendix A International Trade

See Free Trade Analysis

Macro Test Review Notes #3 

Special Reports

1. Subject Crib Notes
Political Economy Book Summaries
Economics
Political Economy
Pre Algebra
Statistics
Accounting
Finance

Readings: College Topics

Part I: Introduction

Graphs, Math, Equations, and Science in Economics
Is Economics a Science?    Measuring Economic Data

Overview: Basics and a Taste of What’s to Come

Economics is about making choices, not just about profit.
What Is Economics?   Wellbeing and Welfare
We face tradeoffs every day  Scarcity     Cost-benefit analysis

The cost of something is what you give up to get it
Opportunity cost    Real, relative, and nominal prices
Think about small changes first
Margins and Thinking at the Margin
Markets are usually a good way to organize economic activity
Efficiency

Economists agree on principles, differ on government policy.
Economic Systems

Thinking Like an Economist
Read and Listen Critically to the News
material to come

Supply and Demand Applies to Surprising Situations
Human Capital

3. Western Civilization
began increased wellbeing and
the need for economic decision.

Work     Education    Health and Safety

 Taxes     Debt    Poverty   Government

Civility    Fake News  Geopolitics  

Grand Strategy  2020 Election  

The Bottom Line   Decesion 2020

4. Business Subjects Course Materials

Presidential Elections 1788 -2016

Related Studies

Long-Term Issues
 Question and Issues
Post WW 2 US Economic Normality
Post WW 2 World Economic Normality
Teachers Resources 

Supply and Demand: How Markets Work
Supply and Demand Basics
Demand    Supply    Supply and Demand, Markets and Prices.

Putting supply and demand together, markets and prices.

GDP
The Role of Institutions, Property Rights, Laws, and Customs
Economic Institutions   Property Rights

Trade makes everyone better off  Exchange and Trade
Comparative Advantage and the Benefits of Trade

Measuring Macroeconomic Data
Measuring a Country’s Income and Growth

GDP  Employment and Unemployment  Inflation 
Government Budget Deficits and Government Debt

Ability to produce goods and services determine Living Standards
Economic Growth   Division of Labor and Specialization

The Monetary System

• Money
• Monetary Policy and the Federal Reserve
• Banks and Financial Institutions

Business Cycles, Financial Crises,
and Short-Run Economic Fluctuations

Business Cycles, Recessions, Financial Crises

Business Cycles
Financial Crisis of 2008.
Employment and Unemployment

Aggregate Demand and Aggregate Supply

• Aggregate Demand
• Aggregate Supply

The Influence of Monetary and Fiscal Policy on Aggregate Demand

• Fiscal Policy
• Government Budget Deficits and Government Debt
• The Phillips’ Curve: A Short-Run Tradeoff between Inflation and Unemployment

Money Growth and Inflation

• Inflation

Saving, Investment, and Personal Financial Decisions

• Credit
• Compound Interest
• Financial Markets
• Saving and Investing
• Risk and Return
• Insurance
• Money Management and Budgeting

Employment, Unemployment, Natural Rate of Unemployment

• Employment and Unemployment

  Trade makes everyone better off Exchange and Trade
  Comparative Advantage and the Benefits of Trade

  The Real Economy in the Long Run

  Production and Growth
  Productive Resources Costs of Production Environmentalism Human Capital Technology Productivity Economic Growth

  Trade makes everyone better off Exchange and Trade
  Comparative Advantage and the Benefits of Trade

Part 2. Product and Factor Markets
Overview

Micro Test Review Notes #3

Statistics 

Subject Crib Notes

Part II: Microeconomics

Supply and Demand Basics
Demand  
Supply
Supply and Demand, Markets and Prices.
Putting supply and demand together, markets and prices.

Elasticity of Demand

Firm Behavior and the Organization of Industry

The Costs of Production

Costs of Production

Labor Costs Employment and Unemployment

Productivity

Earnings and Discrimination

Income Distribution  Income Inequality

more to come

Supply, Demand, and Government Policies
Price Controls, Price Ceilings, and

Markets and Evaluating How Well-Off We Are:
Consumers, Producers, Efficiency, Welfare, Well-being

Consumers, Producers and the Efficiency of Markets

Consumers   Producers   Entrepreneurs
Profit    Efficiency    Behavioral Economics (more to come)
Application: The Costs of Taxation (more to come)
Application: International Trade (more to come)

Governments sometimes improve on market outcomes
Market Failures, Public Goods, and Ext
Price Floors externalities

Governments can make conditions worse than market outcomes

Government Failures, Rent Seeking, and Public Choice

The Economics of the Public Sector
Externalities, Public Goods, and Common Resources

• Roles of Government
• Market Failures, Public Goods, and Externalities

Rent Seeking and Public Choice

• Government Failures, Rent Seeking, and Public Choice
• Economic Institutions
• Property Rights

The Tax System

• Social Security
• Health Care