Principles of Macroeconomics 2014

We talked about purchasing power parity, the Big Mac index, how central banks can affect the exchange rates, pegging exchange rates and the current account deficit.

Exchange Rates and PPP

Mar 11th, 2014 1h 12m

We went over exchange rates, who buys and sells foreign currency, and the difference between currency appreciation and depreciation. We also talked about supply and demand in foreign exchange markets. Purchasing power parity was covered.

Monetary Policy and Interest Rates; Exchange Rates

Mar 6th, 2014 2h 59m

We finished up monetary policy and went over how a central bank can effect an economy. We also examined the equation of exchange. We then started exchange rates.

Money, Banks, and the Federal Reserve

Mar 4th, 2014 1h 16m

We defined money and talked about how it is measured. We then talked about central banks and their roll in the economy. We also defined bonds and talked about how central banks create money.

AD-AS; Money, Banks and Monetary Policy

Feb 25th, 2014 1h 17m

We finished up talking about the AD-AS model and Professor Stevens went through a number of examples and took questions. They we started talking about money, banks, the role of the Federal Reserve, and monetary policy.

Multiplier, Philips Curve

Feb 20th, 2014 1h 15m

We completed the discussion on the multiplier. We then introduced the Philips Curve and discussed why we might think there is a trade off between unemployment and inflation as well as whether or not we actually see such a trade off in the data.

ASAD, Multiplier

Feb 18th, 2014 1h 17m

We went over a number of examples of how to use the ASAD model. We then introduced the multiplier. We defined it, talked about the logic behind it, and talked about how large it is likely to be.

Aggregate Demand and Aggregate Supply

Feb 13th, 2014 1h 18m

We went over the aggregate demand, aggregate supply model. We covered why the aggregate demand curve slopes downward, why the long run aggregate supply curve is a vertical line, and why the short run aggregate supply curve is upward sloping. We

Inequality and Aggregate Demand-Aggregate Supply

Feb 11th, 2014 1h 9m

We finished up inequality and started the aggregate demand, aggregate supply model. First we addressed causes of inequality and we talked about how to measure inequality. We also discussed the question of whether or not inequality affects econo

Inflation and Inequality

Feb 6th, 2014 1h 12m

We finished up inflation by talking about the difference between expected and unexpected inflation, how you measure price changes with the CPI, the difference between the GDP deflator and the CPI, what a market basket is, and issues with bias i

Unemployment and inflation

Feb 4th, 2014 1h 19m

We finished up unemployment and covered sticky wages, changes to the unemployment rate, types of unemployment, unemployment and the Great Recession, government policies and unemployment, and unemployment insurance. We then started on inflation,

Economic Growth, Unemployment

Jan 30th, 2014 1h 14m

Today we finished talked about economic growth and went over both convergence and how growth and debt are related. We then moved on to unemployment. We defined unemployment, talked about some basic unemployment facts, whether or not unemploymen

GDP and Economic Growth Continued

Jan 23rd, 2014 1h 11m

Today we continued our examination of GDP and economic growth. We learned to adjust GDP for changes in prices over time and and between countries. We also talked about how to measure economic growth and concluded with a discussion of what cause

Gross Domestic Product and Economic Growth

Jan 21st, 2014 1h 12m

Today we went over what Gross Domestic Product (GDP) measures and how to calculate GDP. We also went over the GDP deflator. And we talked about how GDP can be used to measure economic growth.

Supply and Demand Continued

Jan 16th, 2014 1h 13m

Today's lecture continued to examine the model of supply and demand. The supply curve was looked at in more detail. Then the mechanisms of equilibrium in markets were addressed through the model, as well as the particulars of finding market equ

PPFs, Supply, and Demand

Jan 14th, 2014 1h 15m

This lecture finished the section on production possibilities curves and budget constraints. It then started the supply and demand section by examining demand curves and demand curve shifters.

Choice, Scarcity and Tradeoffs in Economics

Jan 9th, 2014 1h 12m

We went over the fundamental choice framework of microeconomics including consumer choice and budget constraints. We also examined trade offs and choice over time by looking at interest rates and compound interest. Finally, we addressed macro l