principles of macro

a short & online principles of macroeconomics

Part 1

Getting started 1: A brief introduction to economics

Getting started 2: Important economic ideas

Choice and the budget constraint

The production possibilities frontier

Comparative advantage

International trade



The supply and demand model

Part 2

Gross Domestic Product, part 1

Gross Domestic Product, part 2


Categories of unemployment

Calculating inflation

Living with inflation

Part 3

Aggregate demand

Aggregate supply

The AD-AS model

Changes to AD and AS

AD-AS, recessions, and fiscal policy

Fiscal policy: Automatic stabilizers and the Phillips curve

Money and banking

Bank runs and the Federal Reserve

Monetary policy 1: Changing the reserve requirement

Monetary policy 2: Open market operations

This is a revised version of the OpenStax Principles of Macroeconomics. This version, like the original, is licensed under a Creative Commons attribution 4.0 International license. The source files are here.

© 2024 Gregory Johnson.