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Principles of Macroeconomics (Video)

Updated 1 day ago

Education
Society & Culture
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Economics Courses

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Economics Courses

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5 Ratings
Average Ratings
3
1
0
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1

iTunes Ratings

5 Ratings
Average Ratings
3
1
0
0
1
Cover image of Principles of Macroeconomics (Video)

Principles of Macroeconomics (Video)

Updated 1 day ago

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Economics Courses

Rank #1: 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
6 mins
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Rank #2: The Short-Run Aggregate Supply Curve

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In this video, we explore how rapid shocks to the aggregate demand curve can cause business fluctuations.
As the government increases the money supply, aggregate demand also increases. A baker, for example, may see greater demand for her baked goods,...
May 30 2017
9 mins
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Rank #3: Nominal vs. Real GDP

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"Are you better off today than you were 4 years ago? What about 40 years ago?"
These sorts of questions invite a different kind of query: what exactly do we mean, when we say “better off?” And more importantly, how do we know if we’re better off or not?...
May 30 2017
7 mins
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Rank #4: 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
8 mins
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Rank #5: Cyclical Unemployment

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Unemployment rates ebb and flow with business cycle phases. We all saw this when unemployment rates increased in the United States during the 2008 recession. What we observed was called cyclical unemployment, and it usually accompanies slow economic...
May 30 2017
7 mins
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Rank #6: 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
4 mins
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Rank #7: Four Reasons Financial Intermediaries Fail

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As we’ve discussed in previous videos, financial intermediaries bridge savers and borrowers. When these bridges crumble, the effects can be disastrous. For businesses, credit shortages can lead to bankruptcy, or layoffs. For individuals, they rely on...
May 30 2017
8 mins
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Rank #8: Defining the Unemployment Rate

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How is unemployment defined in the United States?
If someone has a job, they’re defined as “employed.” But does that mean that everyone without a job is unemployed? Not exactly.
A minor without a job isn’t unemployed. Someone who has been incarcerated...
May 30 2017
3 mins
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Rank #9: Structural Unemployment

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Unemployment comes in many forms. Sometimes, like we saw with short-term, frictional unemployment, it can actually indicate a healthy, growing economy. But what about persistent, long-term unemployment? That’s not so good.
When a large percentage of...
May 30 2017
9 mins
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Rank #10: 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
8 mins
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Rank #11: Office Hours: The Solow Model

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In last week’s Principles of Macroeconomics video, you learned about the steady state level of capital and the Solow model of economic growth. Here are two of the practice questions from that video:
Country A has K=10,000 and produces GDP according to...
May 30 2017
6 mins
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Rank #12: Frictional Unemployment

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Finding a job can be kind of like dating. When a new graduate enters the labor market, she may have the opportunity to enter into a long-term relationship with several companies that aren’t really a good fit. Maybe the pay is too low or the future...
May 30 2017
4 mins
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Rank #13: Costs of Inflation: Financial Intermediation Failure

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In the previous video, we learned that inflation can add noise to price signals resulting in some costly mistakes from price confusion and money illusion. Now, we’ll look at how it can interfere with long-term contracting with financial intermediaries....
May 30 2017
6 mins
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Rank #14: 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
3 mins
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Rank #15: 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
7 mins
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Rank #16: Measuring Inflation

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Inflation is common in a modern economy. Shifts in supply and demand for goods and services cause prices to change accordingly. When the average level of prices rises, that’s inflation. It means that you’ll need more money to purchase the same stuff....
May 30 2017
5 mins
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Rank #17: The Economics of Choosing the Right Career

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As many who entered the labor market following the Great Recession know all too well, graduating with a college degree does not mean you’ll easily fall into a good career. Four-year college graduates with entry-level jobs actually earned more in 2000...
May 30 2017
7 mins
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Rank #18: Office Hours: The Solow Model: Investments vs. Ideas

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Ideas are a major factor in economic growth. But so are saving and investing. If you were given the choice between living in an inventive (more ideas) or a thrifty (more savings) country, which would you choose?
The Solow model of economic growth, which...
May 30 2017
7 mins
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Rank #19: Taxing Work

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For most people in developed countries, retirement comes down to a choice: weighing the costs and benefits of continuing to work vs. leisure. An important factor influencing an individual’s decision is their government’s tax and retirement policies.
Most...
May 30 2017
4 mins
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Rank #20: Sticky Wages

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Imagine you’re an employer during a recession, and you desperately need to cut labor costs to keep your firm afloat. Are you more likely to cut wages across the board for all employees, or institute layoffs for only some?
While it may seem that wage cuts...
May 30 2017
4 mins
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