{"id":91,"date":"2020-11-30T22:14:10","date_gmt":"2020-11-30T22:14:10","guid":{"rendered":"https:\/\/openlab.bmcc.cuny.edu\/eco-201-hub\/?p=91"},"modified":"2021-05-19T16:06:24","modified_gmt":"2021-05-19T16:06:24","slug":"lumen-learning","status":"publish","type":"post","link":"https:\/\/openlab.bmcc.cuny.edu\/eco-201-hub\/2020\/11\/30\/lumen-learning\/","title":{"rendered":"Lumen Learning"},"content":{"rendered":"\n<p>Lumen Learning. Macroeconomics Course and Textbook<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Module 1: Economic Thinking<\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li>Understanding Economics and Scarcity<\/li><li>The Concept of Opportunity Cost<\/li><li>Labor, Markets, and Trade<\/li><li>Microeconomics and Macroeconomics<\/li><li>Economic Models<\/li><li>Purpose of Functions<\/li><li>Solving Simple Equations<\/li><li>Creating and Interpreting Graphs<\/li><li>Interpreting Slope<\/li><li>Types of Graphs<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Module 2: Choice in a World of Scarcity<\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li>Budget Constraints and Choices<\/li><li>Calculating Opportunity Cost<\/li><li>The Production Possibilities Frontier<\/li><li>Productive Efficiency and Allocative Efficiency<\/li><li>Rationality and Self-Interest<\/li><li>Marginal Analysis<\/li><li>Positive and Normative Statements<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Module 3: Supply and Demand<\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li>Economic Systems<\/li><li>What Is Demand?<\/li><li>Factors Affecting Demand<\/li><li>What is Supply?<\/li><li>Factors Affecting Supply<\/li><li>Equilibrium, Surplus, and Shortage<\/li><li>Changes in Equilibrium<\/li><li>Finding Equilibrium<\/li><li>Changes in Supply and Demand<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Module 4: Applications of Supply and Demand<\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li>Price Ceilings<\/li><li>Price Floors<\/li><li>A Closer Look at Price Controls<\/li><li>Trade and Efficiency<\/li><li>Consumer &amp; Producer Surplus<\/li><li>Inefficiency of Price Floors and Price Ceilings<\/li><li>Labor and Financial Markets<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Module 5: Elasticity<\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li>Elasticity of Demand<\/li><li>Examples of Elastic and Inelastic Demand<\/li><li>Calculating Elasticity and Percentage Changes<\/li><li>Calculating Price Elasticities Using the Midpoint Formula<\/li><li>Categories of Elasticity<\/li><li>Price Elasticity of Supply<\/li><li>Income Elasticity, Cross-Price Elasticity &amp; Other Types of Elasticities<\/li><li>Elasticity and Total Revenue<\/li><li>Elasticity, Costs, and Customers<\/li><li>Tax Incidence<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Module 6: Macroeconomic Measures: GDP and Economic Growth<\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li>The Macroeconomic Perspective<\/li><li>What is Gross Domestic Product?<\/li><li>Calculating GDP<\/li><li>Alternative Ways to Measure the Economy<\/li><li>The Difference Between Nominal and Real Measurements<\/li><li>Comparing Nominal and Real GDP<\/li><li>Converting Nominal to Real GDP<\/li><li>Business Cycles<\/li><li>GDP and Standard of Living<\/li><li>Labor Productivity and Economic Growth<\/li><li>Measuring Productivity and Growth Rates<\/li><li>The Power of Sustained Economic Growth<\/li><li>Relatively Recent Economic Growth<\/li><li>A Healthy Climate for Economic Growth<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Module 7: Macroeconomic Measures: Unemployment and Inflation<\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li>Who Counts in Unemployment?<\/li><li>Calculating the Unemployment Rate<\/li><li>Patterns of Unemployment<\/li><li>Cyclical Unemployment<\/li><li>Frictional and Structural Unemployment<\/li><li>The Natural Rate of Unemployment<\/li><li>Inflation<\/li><li>Calculating Inflation with Index Numbers<\/li><li>The Consumer Price Index<\/li><li>Shortcomings of the Consumer Price Index as a Measure of the Cost of Living<\/li><li>The GDP Deflator and Other Major Price Indices<\/li><li>Problems with Inflation<\/li><li>Benefits of Low Inflation<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Module 8: The Aggregate Demand-Aggregate Supply Model<\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li>The Aggregate Demand-Aggregate Supply Model<\/li><li>Building a Model of Aggregate Supply and Aggregate Demand<\/li><li>Interpreting the AD-AS Model<\/li><li>Shifts in Aggregate Demand<\/li><li>Shifts in Aggregate Supply<\/li><li>Business Cycles and Growth in the AD\u2013AS Model<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Module 9: Keynesian and Neoclassical Economics<\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li>Aggregate Demand in Keynesian Analysis<\/li><li>The Core of Keynesian Analysis<\/li><li>The Expenditure Multiplier Effect<\/li><li>Keynesian Economic Policy<\/li><li>The Neoclassical Perspective<\/li><li>The Neoclassical Perspective and Potential GDP<\/li><li>Flexible Prices and Graphing in the Neoclassical Model<\/li><li>Speed of Macroeconomic Adjustment<\/li><li>Policy Implications of the Neoclassical Perspective<\/li><li>Say\u2019s Law versus Keynes\u2019 Law<\/li><li>Neoclassical and Keynesian Perspectives in the AD-AS Model<\/li><li>Balancing Keynesian and Neoclassical Models<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Module 10: Keynesian Economics and the Income-Expenditure Model<\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li>The Key Role of Aggregate Expenditure<\/li><li>Aggregate Expenditure: Consumption<\/li><li>Aggregate Expenditure: Investment, Government Spending, and Net Exports<\/li><li>Equilibrium in the Income-Expenditure Model<\/li><li>Finding Equilibrium Using Algebra<\/li><li>Recessionary and Inflationary Gaps in the Income-Expenditure Model<\/li><li>Real Aggregate Supply in the Income-Expenditure Model<\/li><li>The Spending Multiplier in the Income-Expenditure Model<\/li><li>The Spending Multiplier and Changes in Government Spending<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Module 11: Fiscal Policy<\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li>Fiscal Policy and the Federal Budget<\/li><li>Government Spending<\/li><li>State and Local Government Spending<\/li><li>Taxation<\/li><li>Federal Budgets and National Debt<\/li><li>The Question of a Balanced Budget<\/li><li>Automatic Stabilizers<\/li><li>Expansionary and Contractionary Fiscal Policy<\/li><li>Neoclassical Fiscal Policy and Supply-Side Economics<\/li><li>Fiscal Policy, Investment, and Crowding Out<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Module 12: Money and Banking<\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li>Defining Money by Its Functions<\/li><li>Measuring Money: Currency, M1, and M2<\/li><li>Credit<\/li><li>Financial Markets and Assets<\/li><li>Financial Markets, Supply and Demand, and Interest<\/li><li>The Commercial Banking System<\/li><li>Banking Assets and Liabilities<\/li><li>How Banks Create Money<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Module 13: Monetary Policy<\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li>Banks, Loan Finance, and the Payments System<\/li><li>The Federal Reserve System and Central Banks<\/li><li>Bank Regulation<\/li><li>Monetary Policy<\/li><li>Monetary Policy and Open Market Operations<\/li><li>Monetary Policy and Interest Rates<\/li><li>Monetary Policy and Aggregate Demand<\/li><li>Federal Reserve Actions and Quantitative Easing<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Module 14: Policy Applications<\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li>Viewpoints on Government Policy<\/li><li>The Phillips Curve<\/li><li>Policy Implications: No Phillips Curve Tradeoff in the Long Run<\/li><li>Rational Expectations<\/li><li>Ricardian Equivalence<\/li><li>Practical Problems with Discretionary Fiscal &amp; Monetary Policy<\/li><li>Policy Implications: Dampening Business Cycles vs. Laissez-Faire<\/li><li>Policy Implications: Supply Shocks and Economic Growth<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Module 15: Globalization and Trade<\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li>Absolute and Comparative Advantage<\/li><li>Comparative Advantage and the Gains from Trade<\/li><li>Intra-Industry Trade<\/li><li>Demand and Supply Analysis of International Trade<\/li><li>Protectionism<\/li><li>The Tradeoffs of International Trade<\/li><li>The Role of the GATT in Reducing Barriers to Trade<\/li><li>Trade Policy: Organizations and Agreements<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Module 16: Exchange Rates and International Finance<\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li>The Foreign Exchange Market<\/li><li>Strengthening and Weakening Currency<\/li><li>Demand and Supply Shifts in Foreign Exchange Markets<\/li><li>Macroeconomic Effects of Exchange Rates<\/li><li>Exchange-Rate Policies<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Lumen Learning. Macroeconomics Course and Textbook Module 1: Economic Thinking Understanding Economics and Scarcity The Concept of Opportunity Cost Labor, Markets, and Trade Microeconomics and Macroeconomics Economic Models Purpose of Functions Solving Simple Equations Creating and Interpreting Graphs Interpreting Slope Types of Graphs Module 2: Choice in a World of Scarcity Budget Constraints and Choices [&hellip;]<\/p>\n","protected":false},"author":1306,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"portfolio_post_id":0,"portfolio_citation":"","portfolio_annotation":"","openlab_post_visibility":"","footnotes":""},"categories":[9,83],"tags":[22,17,25,11,19,23,24,21,16,12,26,27,15,18,14,20],"class_list":["post-91","post","type-post","status-publish","format-standard","hentry","category-course-mat","category-textbook","tag-ad-as","tag-assignments","tag-comparative-advantage","tag-fiscal-policy","tag-gdp","tag-inflation","tag-international-trade","tag-keynesian","tag-lecture-slides","tag-monetary-policy","tag-money","tag-neoclassical","tag-oer","tag-question-bank","tag-textbook","tag-unemployment"],"_links":{"self":[{"href":"https:\/\/openlab.bmcc.cuny.edu\/eco-201-hub\/wp-json\/wp\/v2\/posts\/91","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/openlab.bmcc.cuny.edu\/eco-201-hub\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/openlab.bmcc.cuny.edu\/eco-201-hub\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/openlab.bmcc.cuny.edu\/eco-201-hub\/wp-json\/wp\/v2\/users\/1306"}],"replies":[{"embeddable":true,"href":"https:\/\/openlab.bmcc.cuny.edu\/eco-201-hub\/wp-json\/wp\/v2\/comments?post=91"}],"version-history":[{"count":1,"href":"https:\/\/openlab.bmcc.cuny.edu\/eco-201-hub\/wp-json\/wp\/v2\/posts\/91\/revisions"}],"predecessor-version":[{"id":92,"href":"https:\/\/openlab.bmcc.cuny.edu\/eco-201-hub\/wp-json\/wp\/v2\/posts\/91\/revisions\/92"}],"wp:attachment":[{"href":"https:\/\/openlab.bmcc.cuny.edu\/eco-201-hub\/wp-json\/wp\/v2\/media?parent=91"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/openlab.bmcc.cuny.edu\/eco-201-hub\/wp-json\/wp\/v2\/categories?post=91"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/openlab.bmcc.cuny.edu\/eco-201-hub\/wp-json\/wp\/v2\/tags?post=91"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}