Macroeconomics Lectures
Big Mac Index (11/2/2011)
The prices of Big Mac across countries could give an idea of the relative value of foreign currencies.
Circular Flow (11/2/2011)
The circular flow diagram captures the big picture of how different sectors of an economy are connected to one another by flows of money and goods.
Complements and Substitutes (1/2/2012)
Complements and substitutes illustrate the difference between changes in quantity demanded vs changes in demand.
Crowding-out Effect (11/2/2011)
Government deficit financing could crowd out private investment.
Deficit and Debt (11/2/2011)
Chronic budget deficits could lead to a ballooning debt/GDP ratio.
Eat Your Cake Now (11/2/2011)
Who doesn't like to eat their cake and have it at the same time?
Exponential Growth (3/3/2014)
Exponential growth is unsustainable.
Gaining from Comparative Advantage (8/9/2011)
Production through partial or complete specialization can increase total output and with trade total consumption can also be increased
Money Multiplier (11/2/2011)
The creation process of money in a fractional-reserve banking system.
No Chicken Feet! (3/28/2013)
Chicken feet, long considered a waste product in the US, have become a profit center for the high-volume low-profit US chicken industry in the China export market. But the export trade is not exempted from political whims.
Quantitative Easing - How It Works (2/1/2012)
The Bank of England is injecting money directly into the economy to meet the inflation target.
Spending Multiplier (11/2/2011)
Spending multiplier in the absence of crowding-out effect.
Trade Deficits (11/2/2011)
Trade deficits serve to fill domestic private saving gap and government budget gap.
Wealth Inequality in America (3/6/2013)
Infographics on the distribution of wealth in America, highlighting both the inequality and the difference between our perception of inequality and the actual numbers. The reality is often not what we think it is.
Who Has Comparative Advantage? (11/2/2011)
Comparative advantage in a two-goods, two-workers economy can be identified easily by comparing the relative slopes of their linear production functions.