Table of contents
- 1. Introduction to Macroeconomics
- 2. Introductory Economic Models
- 3. Supply and Demand
- Introduction to Supply and Demand
- The Basics of Demand
- Individual Demand and Market Demand
- Shifting Demand
- The Basics of Supply
- Individual Supply and Market Supply
- Shifting Supply
- Big Daddy Shift Summary
- Supply and Demand Together: Equilibrium, Shortage, and Surplus
- Supply and Demand Together: One-sided Shifts
- Supply and Demand Together: Both Shift
- Supply and Demand: Quantitative Analysis
- 4. Elasticity
- Percentage Change and Price Elasticity of Demand
- Elasticity and the Midpoint Method
- Price Elasticity of Demand on a Graph
- Determinants of Price Elasticity of Demand
- Total Revenue Test
- Total Revenue Along a Linear Demand Curve
- Income Elasticity of Demand
- Cross-Price Elasticity of Demand
- Price Elasticity of Supply
- Price Elasticity of Supply on a Graph
- Elasticity Summary
- 5. Consumer and Producer Surplus; Price Ceilings and Price Floors
- Consumer Surplus and WIllingness to Pay
- Producer Surplus and Willingness to Sell
- Economic Surplus and Efficiency
- Quantitative Analysis of Consumer and Producer Surplus at Equilibrium
- Price Ceilings, Price Floors, and Black Markets
- Quantitative Analysis of Price Ceilings and Floors: Finding Points
- Quantitative Analysis of Price Ceilings and Floors: Finding Areas
- 6. Introduction to Taxes
- 7. Externalities
- 8. The Types of Goods
- 9. International Trade
- 10. Introducing Economic Concepts
- Introducing Concepts - Business Cycle
- Introducing Concepts - Nominal GDP and Real GDP
- Introducing Concepts - Unemployment and Inflation
- Introducing Concepts - Economic Growth
- Introducing Concepts - Savings and Investment
- Introducing Concepts - Trade Deficit and Surplus
- Introducing Concepts - Monetary Policy and Fiscal Policy
- 11. Gross Domestic Product (GDP) and Consumer Price Index (CPI)
- Calculating GDP
- Detailed Explanation of GDP Components
- Value Added Method for Measuring GDP
- Nominal GDP and Real GDP
- Shortcomings of GDP
- Calculating GDP Using the Income Approach
- Other Measures of Total Production and Total Income
- Consumer Price Index (CPI)
- Using CPI to Adjust for Inflation
- Problems with the Consumer Price Index (CPI)
- 12. Unemployment and Inflation
- Labor Force and Unemployment
- Types of Unemployment
- Labor Unions and Collective Bargaining
- Unemployment: Minimum Wage Laws and Efficiency Wages
- Unemployment Trends
- Nominal Interest, Real Interest, and the Fisher Equation
- Nominal Income and Real Income
- Who is Affected by Inflation?
- Demand-Pull and Cost-Push Inflation
- Costs of Inflation: Shoe-leather Costs and Menu Costs
- 13. Productivity and Economic Growth
- 14. The Financial System
- 15. Income and Consumption
- 16. Deriving the Aggregate Expenditures Model
- 17. Aggregate Demand and Aggregate Supply Analysis
- 18. The Monetary System
- 19. Monetary Policy
- 20. Fiscal Policy
- 21. Revisiting Inflation, Unemployment, and Policy
- 22. Balance of Payments
- 23. Exchange Rates
- 24. Macroeconomic Schools of Thought
- 25. Dynamic AD/AS Model
- 26. Special Topics
11. Gross Domestic Product (GDP) and Consumer Price Index (CPI)
Using CPI to Adjust for Inflation
11. Gross Domestic Product (GDP) and Consumer Price Index (CPI)
Using CPI to Adjust for Inflation
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