Macroeconomics

1. Measurement

   Start here

   Compute GDP from the expenditure side, and separate nominal from real, CPI from GDP deflator.

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2. Long-run growth

   After Measurement — test out to unlock

   Use the Solow ingredients (saving, depreciation, tech) to say why income per person differs.

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3. Money and inflation

   After Long-run growth — test out to unlock

   Connect money, velocity, and the quantity equation to an inflation problem.

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4. Short-run fluctuations

   After Money and inflation — test out to unlock

   Shift AD/AS for a demand or supply shock and say what happens to Y and P in the short run.

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5. Monetary policy

   After Short-run fluctuations — test out to unlock

   Trace a rate or QE move through money markets into AD, and name the lags and limits.

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6. Fiscal policy

   After Monetary policy — test out to unlock

   Work a spending or tax shock with multipliers and crowding out, not a slogan.

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7. Open economy

   After Fiscal policy — test out to unlock

   Use NX, capital flows, and exchange rates to say what a shock does to a small open economy.

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Why a path, not a playlist

Measurement, growth, money, cycles, and policy. Later headings open after the one before.

Each heading is its own course with a tutor. Later headings open when you finish — or test out of — the one before.

After you sign in

• •You land on this map — every heading is already there.
• •Take the open class, or test out of a later heading to unlock it.
• •Each heading is one shared course — same syllabus and first class for everyone. Later classes continue on your copy.