Accounting for governmental and not for profit entities including an introduction of what government and not for profit entities are and starting off with a comparison with for-profit industries. Both in this discussion and within the development of accounting regulations we start with accounting designed around for-profit organizations and then look for those areas that […]

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The banking system, definition of money,, and how money is created in the banking system.

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Inflation, – How to calculate using index, relationship between inflation and unemployment using the Phillips Curve, and discussion of what drives inflation.

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Fiscal policy including tax and government spending. Discussion of the history and debate over fiscal policy

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Monetary policy used by the federal reserve to influence the economy in times of a recessionary or inflationary gap.

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Keynesian short run or demand model includes business cycles aggregate demand, short term aggregate supply, and long term aggregate supply. The basis for monetary and fiscal policy recommendations.

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Classical model, long run, growth or supply-side, discussing the model most economists held before the 1930 and that has had some concepts come back since the 1970s.

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Economic history of macro economics introducing classical economics, Keynesian economics and the business cycle.

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Gross domestic product GDP, basic macro economic accounting term measuring performance, including C Consumption + I Income + G Government Spending + Net exports (exports – imports).

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Market problems including externalities, public goods, and uneven information including pros and cons of government intervention for these market problems.

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Economic terms of demand and utility allowing us to graph diminishing marginal utility.

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