EMBA Immersion Week

Econ Review Streaming Video 

1. Introductory Material:

Welcome (Run Time: 2:23)
• Overview of Video Viewer  (Run Time: 4:08)
• 10 Principles of Economics (Run Time: Varies by User Selection; Max Time 21:06)
  • PDF Notes to Accompany

2. Two Simple but Useful Economic Models

A. The Circular Flow

• The Core Actors in a Market Economy (Run Time: 5:27)
  • PDF Notes to Accompany
• The Simple Circular Flow (Run Time: 9:16)
  PDF Notes to Accompany

B. The Production Possibilities Frontier (PPF)

• Overview of the PPF (Run Time: 7:10)
  • PDF Notes to Accompany
• Opportunity Cost: Constant & Increasing (Run Time: 5:41)
  • PDF Notes to Accompany
• Some Other Issues Illustrated by the PPF (Run Time: 9:02)
  • PDF Notes to Accompany
• Comparative & Absolute Advantage: Gains from Trade (Run Time: 9:54)
  • PDF Notes to Accompany

3. Developing the Market Model

A. Demand

Intro to the Economics of Demand Analysis (Run Time: 4:48)

PDF Notes to Accompany

The Demand Function: What Matters (Run Time: 3:07)

PDF Notes to Accompany

The Demand Function: Which Way It Matters (Run Time: 10:03)

PDF Notes to Accompany

B. Supply

• Intro to Supply and What Matters (Run Time: 6:25)
  • PDF Notes to Accompany
• The Supply Function: Which Way It Matters (Run Time: 10:15)
  • PDF Notes to Accompany

C. Combining Demand & Supply

• The Basic Market Model (Run Time: 7:45)
  • PDF Notes to Accompany
• Using the Market Model (Run Time: 4:33)
  • PDF Notes to Accompany

4. Practicing Economic Analysis Using the Market Model

(Most are not appropriate for Notes to Accompany)

• The Full Story of Market Adjustment (Run Time: Varies by User Selection; Max Time 11:19)
• Practice with the Market Model (Run Time: Varies by User Selection; Max Time 15:05)
• More Practice with the Market Model (Run Time: Varies by User Selection; Max Time 5:06)
• A Self-Test of Using the Market Model (Run Time: Varies by User Selection) (click on an arrow to choose a curve shift)
• Shifts in Both Supply and Demand (Run Time: 6:10)
  • PDF Notes to Accompany

5. Tracking the Macro Economy

A. Gross Domestic Product (GDP)

• The Expanded Circular Flow (Run Time: 10:51)
  • PDF Notes to Accompany
• GDP: The Conceptual Definition (Run Time: 10:37)
  • PDF Notes to Accompany
• GDP: The Spending Components (Run Time: 5:31)
  • PDF Notes to Accompany
• Real vs. Nominal GDP (Run Time: 8:51)
  • PDF Notes to Accompany
• Deflating Using the GDP Deflator (Run Time: 7:27)
  • PDF Notes to Accompany