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Basic economics concepts

In this unit, you'll learn fundamental economic concepts like scarcity, opportunity cost, and supply and demand. You will learn things like the distinction between absolute and...

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Economic indicators and the business cycle

In this unit, you'll learn to identify and examine key measures of economic performance: gross domestic product, unemployment, and inflation. The concept of the business cycle...

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Long-run consequences of stabilization policies

In this unit, you'll build on your understanding of the effects of fiscal and monetary policy actions and to examine the concept of long-run economic growth. Topics include...

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Prepare for the 2020 AP Macro Exam

If you are taking the 2020 Macroeconomics exam, this unit provides an overview of the exam format, tips for demonstrating your knowledge on the exam, and answers to popular...

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Contemporary macroeconomic issues

Explore the causes and consequences of income inequality in this unit.This course contains 3 segments:Analysis of income inequality in the United States (in partnership with the...

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National income and price determination

In this unit, you'll learn how the aggregate supply and aggregate demand model helps explain the determination of equilibrium national output and the general price level, as well...

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Financial sector

In this unit, you'll learn about the financial sector and monetary policy. By knowing the definition of money and other financial assets, you'll be able to explore how the money...

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Open economy: international trade and finance

In this unit, you'll learn about open economies, how a country’s transactions with the rest of the world are recorded in the balance of payments accounts, how market forces and...

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Basic Economic Concepts

In any economy, the existence of limited resources along with unlimited wants results in the need to make choices. In this unit, we introduce concepts of opportunity costs and...

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Supply, demand, and market equilibrium

This unit analyzes of the determinants of supply and demand and the ways in which changes in these determinants affect equilibrium price and output. As part of this, we make the...

Khan Academy