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Principles of Macroeconomics (Video)

Updated 3 days ago

Education
Society & Culture
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Economics Courses

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Economics Courses

iTunes Ratings

6 Ratings
Average Ratings
4
1
0
0
1

iTunes Ratings

6 Ratings
Average Ratings
4
1
0
0
1
Cover image of Principles of Macroeconomics (Video)

Principles of Macroeconomics (Video)

Updated 3 days ago

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Economics Courses

Rank #1: Splitting GDP

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In the last three videos, you learned the basics of GDP: how to compute it, and how to account for inflation and population increases. You also learned how real GDP per capita is useful as a quick measure for standard of living.
This time round, we’ll...

May 30 2017

6mins

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Rank #2: Fiscal Policy and Crowding Out

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Effective fiscal policy has to be timely, targeted, and temporary. But how the central bank, businesses, and consumers respond to fiscal policy also plays a role in how effective it is.
When expansionary fiscal policy is enacted, what happens to the...

Oct 10 2017

5mins

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Rank #3: Introduction to the Solow Model

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Here's a quick growth conundrum, to get you thinking.
Consider two countries at the close of World War II—Germany and Japan. At that point, they've both suffered heavy population losses. Both countries have had their infrastructure devastated. So...

May 30 2017

5mins

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Rank #4: Intro to Stock Markets

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Today, we’ll examine a new kind of financial intermediary: stock markets.
As an individual, you participate in the stock market when you buy a company’s shares. This turns you into a part-owner, entitled to some of the company's profits. Sometimes,...

May 30 2017

3mins

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Rank #5: Growth Rates Are Crucial

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In the first video in this section on The Wealth of Nations and Economic Growth, you learned a basic fact of economic wealth—that countries can vary widely in standard of living. Specifically, you learned how variations in real GDP per capita can set...

May 30 2017

6mins

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Rank #6: Understanding the Great Depression

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Imagine that we’re in the late 1920s in the United States. Times are great. World War I is behind us and we’re in the early days of the “Golden Age of Hollywood.” Jazz music is blossoming. Automobiles are new and novel. As Art Deco style peaks, there’s...

May 30 2017

8mins

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Rank #7: Intro to the Bond Market

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Most borrowers borrow through banks. But established and reputable institutions can also borrow from a different intermediary: the bond market. That’s the topic of this video. We’ll discuss what a bond is, what it does, how it’s rated, and what those...

May 30 2017

6mins

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Rank #8: The Great Recession

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There’s already been much discussion over what fueled the Great Recession of 2008. In this video, Tyler Cowen focuses on a central theme of the crisis: the failure of financial intermediaries.
By 2008, the economy was in a very fragile state, with both...

May 30 2017

12mins

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Rank #9: Introduction to Fiscal Policy

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What is fiscal policy? Very simply, it’s a government’s policies on taxes, spending, and borrowing. But how it’s practiced is a little more complicated. Fiscal policy can be used in an effort to mitigate fluctuations in the business cycle – to soften the...

Aug 28 2017

3mins

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Rank #10: The Limits of Fiscal Policy

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The best case for fiscal policy happens during a recession caused by an aggregate demand shock. Even so, it’s hard to get it right because the U.S. economy is massive and complex.
An ideal stimulus is:
1. Timely
2. Targeted
3. Temporary
All of these...

Aug 29 2017

7mins

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Rank #11: An Orgy of Innovation

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In this video, which is also featured in Marginal Revolution University’s Everyday Economics course, we discuss the key factors behind the rise in innovation and entrepreneurship over the past couple of centuries.
The economic historian Deirdre McCloskey...

May 30 2017

3mins

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Rank #12: The Solow Model and the Steady State

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Remember our simplified Solow model? One end of it is input, and on the other end, we get output.
What do we do with that output?
Either we can consume it, or we can save it. This saved output can then be re-invested as physical capital, which grows the...

May 30 2017

7mins

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Rank #13: The Aggregate Demand Curve

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The aggregate demand-aggregate supply model, or AD-AS model, can help us understand business fluctuations. We’ll start exploring this model by focusing on the aggregate demand curve.
The aggregate demand curve shows us all of the possible combinations of...

May 30 2017

5mins

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Rank #14: Geography and Economic Growth

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If you look at the African continent, perhaps the first word to come to mind is "enormous." And that's true. You could fit most of the United States, China, India, and a lot of Europe, into Africa. But if you compare Africa to Europe, Europe has two to...

May 30 2017

2mins

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Rank #15: Saving and Borrowing

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On September 15, 2008, Lehman Brothers filed for bankruptcy and signaled the start of the Great Recession. One key cause of that recession was a failure of financial intermediaries, or the institutions that link different kinds of savers to borrowers.
We...

May 30 2017

8mins

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Rank #16: Game of Theories: The Keynesians

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One point of contention among economists is the causes of business cycles and recessions. And if you disagree on the causes, chances are that you disagree on the solutions.
In this video series, we’re going to explore some of the major business cycle...

Nov 07 2017

8mins

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Rank #17: The Importance of Institutions

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In today’s video, we discuss a topic critical to understanding economic growth: the power of institutions.
To better shed light on this, we're going to look at an example that's both tragic and extreme.
In 1945, North and South Korea were divided, ending...

May 30 2017

5mins

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Rank #18: Fiscal Policy: The Best Case Scenario

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In this video, we explore when and why the government might engage in expansionary fiscal policy. Specifically, we’ll discuss why the government might increase spending, or decrease taxes, to combat a recession.
Think about an economy during a recession...

Aug 29 2017

3mins

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Rank #19: What Do Banks Do?

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Some people want to save and invest, others want to borrow. Sometimes, savers and borrowers link up directly. But most times, they don’t know each other. So they rely on institutions that bridge them together. These bridges are called financial...

May 30 2017

4mins

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Rank #20: Quantity Theory of Money

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The quantity theory of money is an important tool for thinking about issues in macroeconomics.
The equation for the quantity theory of money is: M x V = P x Y
What do the variables represent?
M is fairly straightforward – it’s the money supply in an...

May 30 2017

3mins

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