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: Aggregate Output and Income

Preview

Buy the Series and be able to watch all of the lessons.

About this Series

  • Lessons: 8
  • Total Time: 1h 6m
  • Use: Watch Online & Download
  • Access Period: Unlimited
  • Created At: 04/01/2010
  • Last Updated At: 04/01/2010

In this 8 lesson video series, we will look at aggregate outcome and income in context of macroeconomic measurements. In the first lesson, we will look at macroeconomic applications of the production possibilities frontier (PPF). In the second lesson, we will explore the Circular Flow Model and how it is applied. In the third lesson, we will focus on read Gross Domestic Product (GPD). In the fourth lesson, we'll cover the new BEA procedure for calculating real GDP. In the fifth lesson, we'll look at the limitations and shortcomings of GDP and alternative indexes. In the sixth lesson, we'll look at feminist economics in the context of GDP measurement. In the seventh lesson, we'll examine the underground economy. FInally, in the eighth lesson, we'll dig into the Growth of China as a superpower.

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: