Provides basic understanding of economic matters that will help explain both the U.S. and global economies on the microeconomics and macroeconomics levels. Defines basics terms used in economics to help non-specialists develop and understanding of how market forces relate to one another and affect fiscal health.
Contents
v. 1. Lecture 1. How economists think -- Lecture 2. Division of labor -- Lecture 3. Supply and demand -- Lecture 4. Price floors and ceilings -- Lecture 5. Elasticity -- Lecture 6. Labor market and wages -- Lecture 7. Financial markets and rates of return -- Lecture 8. Personal investing -- Lecture 9. From perfect competition to monopoly -- Lecture 10. Antitrust and competition policy -- Lecture 11. Regulation and deregulation -- Lecture 12. Negative externalities and the environment.
v. 2. Lecture 13. Positive externalities and technology -- Lecture 14. Public goods -- Lecture 15. Poverty and welfare programs -- Lecture 16. Inequality -- Lecture 17. Imperfect information and insurance -- Lecture 18. Corporate and political governance -- Lecture 19. Macroeconomics and GDP -- Lecture 20. Economic growth -- Lecture 21. Unemployment -- Lecture 22. Inflation -- Lecture 23. Balance of trade -- Lecture 24. Aggregate supply and aggregate demand.
v. 3. Lecture 25. Unemployment-inflation trade-off -- Lecture 26. Fiscal policy and budget deficits -- Lecture 27. Countercyclical fiscal policy -- Lecture 28. Budget deficits and national saving -- Lecture 29. Money and banking -- Lecture 30. The Federal Reserve and its powers -- Lecture 31. The conduct of monetary policy -- Lecture 32. The gains of international trade -- Lecture 33. Debates over protectionism -- Lecture 34. Exchange rates -- Lecture 35. International financial crashes -- Lecture 36. Global economic perspective.
