Topic: Economics

Lecture 10: Factors Determining Money Demand

This lecture discusses the factors determining Money Demand: (1) supply of goods and services, (2) clearing systems, (3) frequency of payments, (4) confidence in money, ands (5) inflationary expectations. Hyperinflation. The lecture draws from the book Mystery of...

Free Book: Mystery of Banking

Talk about great timing. Rothbard’s extraordinary book unravels the mystery of banking: what is legitimate enterprise and what is a government-backed shell game that can’t last. His explanation is clear enough for anyone to follow and yet precise and...

Lecture 6: Monetary Economics

This lecture explains the origins and properties of money. This is the first of a dozen lectures on monetary economics. The lecture draws from the book Mystery of...

Lecture 4: Savings and Wealth

This is the fourth lecture in a university course at the American University in Bulgaria in introductory macroeconomics. It covers unit 2.3 and 2.5 of Bernanke’s “Macroeconomics” textbook and discussed the concept of Savings and...

Lecture 3: Gross Domestic Product (GDP)

This is the third lecture in a university course at the American University in Bulgaria in introductory macroeconomics. The lecture focuses on Gross Domestic Product and the Product, Income, and Expenditure Approaches to measuring...

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