<p>This is the first lecture of a first-year, introductory course in macroeconomics. It introduces the most important concepts in economics, the differences between macroeconomics and microeconomics, and economic modelling.</p>



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https://www.youtube.com/watch?v=INPhEyH_gH0
</div></figure>

Lecture 1: Macroeconomics Vs. Microeconomics, and Economic Modelling

<p>The second lecture in a university course at the American University in Bulgaria in introductory macroeconomics. Covers Chapter 1 of Bernanke's "Macroeconomics" textbook, answers the basic questions of what macroeconomics is about, what macroeconomists do, and schools of economic thought.</p>



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https://www.youtube.com/watch?v=T7HB712xigQ
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Lecture 2: What is Macroeconomics and What Macroeconomists Do?

<p>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 Wealth.</p>



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https://www.youtube.com/watch?v=zfMjGLDIQNc
</div></figure>

Lecture 4: Savings and Wealth

<p>This is the fourth lecture in a university course at the American University in Bulgaria in introductory macroeconomics. It covers the concepts of interest rates, production function, and employment from Bernanke's <a style="border: none !important; margin: 0px !important;" href="http://www.amazon.com/gp/product/032141554X/ref=as_li_ss_tl?ie=UTF8&amp;camp=1789&amp;creative=390957&amp;creativeASIN=032141554X&amp;linkCode=as2&amp;tag=finatrai-20&amp;l=as2&amp;o=1&amp;a=032141554X">Macroeconomics textbook</a>.</p>



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https://www.youtube.com/watch?v=TrpDCFkkXeE
</div></figure>

Lecture 5: Interest Rates, Production Function, Employment

<p>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 <a href="https://financetrain.com/book-mystery-of-banking">Mystery of Banking</a>.</p>



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https://www.youtube.com/watch?v=1GtejQUItuA
</div></figure>

Lecture 6: Monetary Economics

<p>This lecture covers the basics of demand, supply, and equilibrium. Not surprisingly, the stuff is the same as the neoclassical.</p>



<p>The lecture draws from the book <a href="https://financetrain.com/book-mystery-of-banking">Mystery of Banking</a>.</p>



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https://www.youtube.com/watch?v=1vVnW3Rfv2c
</div></figure>

Lecture 7: Demand, Supply and Equilibrium

<p>This lecture discusses the value of money, purchasing power of money, causes of inflation, economic growth and inflation.</p>



<p>The lecture draws from the book <a href="https://financetrain.com/book-mystery-of-banking">Mystery of Banking</a>.</p>



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https://www.youtube.com/watch?v=B7lORAMQ438
</div></figure>

Lecture 8: Money, Economic Growth and Inflation

<p>This lecture discusses the supply of money, the concept of inflation, the inflation process, and inflation tax.</p>



<p>The lecture draws from the book <a href="https://financetrain.com/book-mystery-of-banking">Mystery of Banking</a>.</p>



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https://www.youtube.com/watch?v=tbDUGjzY88M
</div></figure>

Lecture 9: Supply of Money and Concept of Inflation

<p>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.</p>



<p>The lecture draws from the book <a href="https://financetrain.com/book-mystery-of-banking">Mystery of Banking</a>.</p>



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https://www.youtube.com/watch?v=2Pnm2gLtPwk
</div></figure>

Lecture 10: Factors Determining Money Demand

<p>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.</p>



<p>In its most simple form a commercial bank is a financial institution that accepts deposits and extends loans.</p>



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https://www.youtube.com/watch?v=GxCaWyGOWP0
</div></figure>

Lecture 11: Introduction to Commercial Banking

<p>This lecture discusses deposit banking, fractional reserve banking, deposit multiplier, creating money out of "thin air", and the credit crunch.</p>



<p>The lecture draws from the book <a href="https://financetrain.com/book-mystery-of-banking">Mystery of Banking</a>.</p>



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https://www.youtube.com/watch?v=Z5BRjBHQyoY
</div></figure>

Lecture 12: Deposit Banking

<p>This lecture discusses the limits to credit expansion, use of money and banks, bank runs, and deposit drains.</p>



<p>The lecture draws from the book <a href="https://financetrain.com/book-mystery-of-banking">Mystery of Banking</a>.</p>



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https://www.youtube.com/watch?v=ccgRh1Pa_hM
</div></figure>

Lecture 13: Credit Expansion, Bank Runs, and Deposit Drains

<p>This lecture provides an introduction to the central banking. It discusses topics such as legal tender laws, lender of last resort, deposit insurance, money multiplier, and bank reserves.</p>



<p>The lecture draws from the book <a href="https://financetrain.com/book-mystery-of-banking">Mystery of Banking</a>.</p>



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https://www.youtube.com/watch?v=8beotA9cpgM
</div></figure>

Lecture 14: Introduction to Central Banking

<p>This lecture continues to discuss central banking and focuses on the determination of total reserves and tools of monetary policy.</p>



<p>The lecture draws from the book <a href="https://financetrain.com/book-mystery-of-banking">Mystery of Banking</a>.</p>



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https://www.youtube.com/watch?v=vGkRo45yZ6A
</div></figure>

Lecture 15: Tools of Monetary Policy

<p>This lecture discusses the process of credit expansion under central banking. It explain in details whether government deficits are inflationary or not, and also discussed debt monetization.</p>



<p>The lecture draws from the book <a href="https://financetrain.com/book-mystery-of-banking">Mystery of Banking</a>.</p>



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https://www.youtube.com/watch?v=-KxnCp03zRU
</div></figure>

Lecture 16: Credit Expansion, Government Deficits, and Debt Monetization

<p>This lecture discusses the various negative effects of inflation on the economy and the society. It discusses evils that the inflation causes.</p>



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https://www.youtube.com/watch?v=BphwPGdfpkw
</div></figure>

Lecture 17: Negative Effects of Inflation

<p>This lecture continues from the previous lecture and finishes teaching the negative effects of inflation. After that it begins the topic of interest rates, production and capital.</p>



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https://www.youtube.com/watch?v=GLce_MR72ok
</div></figure>

Lecture 18: Effects of Inflation, Production and Capital

<p>This lecture provides an introduction to capital and production, and the role of savings and interest rates in coordinating current consumption and future consumption.</p>



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https://www.youtube.com/watch?v=t0R6XhwqUqw
</div></figure>

Lecture 19: Capital and Production, and How Saving and Interest Drive Consumption

<p>This lecture by Prof. Krassimir Petrov talks about economic growth. It starts the discussion about how credit can be increased and then moves on to the topic of growth that happens when consumers and businesses lower their time preferences.</p>



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https://www.youtube.com/watch?v=WLoY03WFI6A
</div></figure>

Lecture 20: Economic Growth

<p>This lecture provides an introduction to the business cycles. It covers the basic terminology, business fluctuations vs. business cycles, fundamental problems in a business cycle, phases or stages in a business cycle (boom, peak, bust), and characteristics of business cycles.</p>



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https://www.youtube.com/watch?v=VTGXc8n73Ck
</div></figure>

Lecture 21: Business Cycles - Part 1

<p>This lecture continues with the topic of business cycles. It covers how to tame the business cycle, cyclicality, such as pro cyclical, countercyclical, and introduces the modern business cycle theories.</p>



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https://www.youtube.com/watch?v=H8Hjj4cxlo0
</div></figure>

Lecture 22: Business Cycles - Part 2

<p>This lecture deals with the boom part of the business cycle. It covers the factors behind the boom and boom reversal.</p>



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https://www.youtube.com/watch?v=HIxk1hTugoA
</div></figure>

Lecture 23: Business Cycles - Part 3

<p>This lecture continues with the bust part of business cycles, and discusses the recession, depression, inflationary and deflationary bust, and the necessary features of a bust.</p>



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https://www.youtube.com/watch?v=7_R4hH_uc_A
</div></figure>

Lecture 24: Business Cycles - Part 4

<p>This lecture provides an introduction to the fiscal policy. it covers government spending and revenues such as taxation. This is the last lecture in this tutorial.</p>



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https://www.youtube.com/watch?v=Qhtxtv4PGJI
</div></figure>

Lecture 25: Fiscal Policy

Introductory Macroeconomics

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Introductory Macroeconomics

Lessons

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