Introductory Macroeconomics
This is an introductory course in macroeconomics offered at the American University in Bulgaria in Spring 2008. It provides extensive coverage of money, commercial and central banking, credit, credit expansion, business cycles, and the Austrian Theory of Business, Cycles with the theory of capital, interest, and inflation.
Course Syllabus
This lecture discusses the supply of money, the concept of inflation, the inflation process, and inflation tax. The lecture draws from the book Mystery of Banking.
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.
In the previous lectures we discussed various aspects of money. This lecture shifts focus towards banking and provides an introduction to the topic of commercial banking. It briefly covers loan banking and begins deposit banking.
This lecture discusses deposit banking, fractional reserve banking, deposit multiplier, creating money out of "thin air", and the credit crunch.
What's Included:
Topics Covered
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