Introduction to Macroeconomics
About the Lecture
The lecture Introduction to Macroeconomics by James DeNicco is from the course Principles of Macroeconomics (EN). It contains the following chapters:
- General Introduction
- Microeconomics versus Macroeconomics
- Opportunity Costs
- Rational People and Marginal Change
- 1. Economic Growth and Standards of Loving
- 2. Productivity
- Business Cycle
- 4. Employment/Unemployment
- 5. Prices and Inflation
- 6. International Economy
Included Quiz Questions
Microeconomics is concerned with ________________ and Macroeconomics is ___________________.
- individual choice under scarcity, the performance of national economies
- the performance of national economies, individual choice under scarcity
- national unemployment rates, firm’s maximizing profit
- money, business
What are my opportunity costs of going to a concert instead of working?
- The costs of my tickets and my refreshments and the wages I miss out on.
- The cost of my ticket.
- The costs of my tickets and my refreshments.
- The wages I lose out on.
Jimmy invested $50 million on a business venture he thought would make him $100 million in revenue. He finds out that he needs to invest more money to finish the product and the actual revenue he will earn is only going to be $70 million. Which of the following is true?
- He should only invest more money if it costs less than $70 million.
- He should scrap the project no matter what and cut his losses.
- He should only invest more money if it costs less than $20 million.
- He should only invest more money if it costs less than $100 million.
Author of lecture Introduction to Macroeconomics
James DeNicco
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