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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 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

2174 lessons

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Lessons Included

leakages ???
~ darora

this does not tell any information about leakages and injections to circular flow

Finally I understand
~ ihasanova

Thanks. The best Economics teacher ever!

Superb explanation
~ 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: