Principles of Macroeconomics 2014 Podcast
1) Exchange Rates Continued
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.
2) Exchange Rates and PPP
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....Show More
3) Monetary Policy and Interest Rates; Exchange Rates
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.
4) Money, Banks, and the Federal Reserve
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.
5) AD-AS; Money, Banks and Monetary Policy
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, an...Show More
6) Multiplier, Philips Curve
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 w...Show More
7) ASAD, Multiplier
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.
8) Aggregate Demand and Aggregate Supply
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 ...Show More
9) Inequality and Aggregate Demand-Aggregate Supply
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 questio...Show More
10) Inflation and Inequality
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, wha...Show More