Podcasts by Principles of Macroeconomics 2014
This course covers macroeconomics. Course 1A and 1B may be taken in either order. Analysis of the economy as a whole; determinants of the level of income, employment and prices; money and banking, economic fluctuations, international trade, economic development; the role of public policy.
Further podcasts by Ann Stevens
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Exchange Rates Continued from 2014-03-13T07:00
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.
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Exchange Rates and PPP from 2014-03-11T07:00
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 marke...
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Monetary Policy and Interest Rates; Exchange Rates from 2014-03-06T08:00
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.
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Money, Banks, and the Federal Reserve from 2014-03-04T08:00
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.
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AD-AS; Money, Banks and Monetary Policy from 2014-02-25T08:00
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,...
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Multiplier, Philips Curve from 2014-02-20T08:00
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 no...
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ASAD, Multiplier from 2014-02-18T08:00
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.
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Aggregate Demand and Aggregate Supply from 2014-02-13T08:00
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 r...
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Inequality and Aggregate Demand-Aggregate Supply from 2014-02-11T08:00
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 ques...
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Inflation and Inequality from 2014-02-06T08:00
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, ...
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Unemployment and inflation from 2014-02-04T08:00
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 unempl...
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Economic Growth, Unemployment from 2014-01-30T08:00
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...
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GDP and Economic Growth Continued from 2014-01-23T08:00
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 growt...
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Gross Domestic Product and Economic Growth from 2014-01-21T08:00
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.
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Supply and Demand Continued from 2014-01-16T08:00
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, a...
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PPFs, Supply, and Demand from 2014-01-14T08:00
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.
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Choice, Scarcity and Tradeoffs in Economics from 2014-01-09T08:00
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 c...
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Introduction to Macroeconomics from 2014-01-07T08:00
Lecture 1: We went over administrative details, production possibilities frontiers, budget constraints, specialization, and gains from trade.
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