Hi! We show you're using Internet Explorer 6. Unfortunately, IE6 is an older browser and everything at MindBites may not work for you. We recommend upgrading (for free) to the latest version of Internet Explorer from Microsoft or Firefox from Mozilla.
Click here to read more about IE6 and why it makes sense to upgrade.

Series: Economics: Macroeconomic Measurements

About this Series

  • Lessons: 16
  • Total Time: 1h 58m
  • Use: Watch Online & Download
  • Access Period: Unlimited
  • Created At: 04/01/2010
  • Last Updated At: 04/01/2010

In this 16-part video lesson series, we will be discussing the different kinds of macroeconomic measurements. In the first sequence of videos, we will look at the aggregate output and income, including the applications, the Circular Flow Model, ways to calculate the real GDP as well as the limitations and GDP measurement. We will also look at the underground economy and its impact as well as the impact that the growth of China has had on a macro level.

In the second set of video lessons, we will look at the different approaches to calculating GDP including the Expenditures Approach and the Income Approach. We will also look at the current hot topic, the impact E-Commerce has had on the economy.

Finally, in the third sequence of video lessons, we will discuss the cost of living and the consumer price index (CPI). We will look at how these values have changed, the leading economic indicators to determine these values, how to calculate the rate of inflation, as well as compare and contrast the CPI and the GDP deflater. Lastly, we will focus on what the United States Income Distribution looks like today.

Taught by Professor Tomlinson, this video series was selected from a broader, comprehensive course, Economics. This course and others are available from Thinkwell, Inc. The full course can be found at http://www.thinkwell.com/student/product/economics. The full course covers economic thinking, markets, consumer choice, household behavior, production, costs, perfect competition, market models, resource markets, market failures, market outcomes, macroeconomics, macroeconomic measurements, economic fluctuations, unemployment, inflation, the aggregate expenditures model, banking, spending, saving, investing, aggregate demand and aggregate supply model, monetary policy, fiscal policy, productivity and growth, and international examples.

Steven Tomlinson teaches economics at the Acton School of Business in Austin, Texas. He graduated with highest honors from the University of Oklahoma and earned a Ph.D. in economics at Stanford University. Prof. Tomlinson's academic awards include the prestigious Texas Excellence Teaching Award given by the University of Texas Alumni Association and being named "Outstanding Core Faculty in the MBA Program" several times. He has developed several instructional guides and computerized educational programs for economics.

About this Author

Thinkwell
Thinkwell
2174 lessons
Joined:
11/13/2008

Founded in 1997, Thinkwell has succeeded in creating "next-generation" textbooks that help students learn and teachers teach. Capitalizing on the power of new technology, Thinkwell products prepare students more effectively for their coursework than any printed textbook can. Thinkwell has assembled a group of talented industry professionals who have shaped the company into the leading provider of technology-based textbooks. For more information about Thinkwell, please visit www.thinkwell.com or visit Thinkwell's Video Lesson Store at http://thinkwell.mindbites.com/.

Thinkwell lessons feature a star-studded cast of outstanding university professors: Edward Burger (Pre-Algebra through...

Lessons Included

Nopic_dkb
Finally I understand
02/03/2013
~ ihasanova

Thanks. The best Economics teacher ever!

Nopic_grn
Superb explanation
05/30/2012
~ kurt5

If you want to learn the basics of the flow of goods and resources this is the video for you.

Below are the descriptions for each of the lessons included in the series:

Supplementary Files: