To begin the lecture, Professor Shiller explores the origins of central banking, from the goldsmith bankers in the United Kingdom to the founding of the Bank of England in 1694, which was a private institution that created stability in the U.K. financial system by requiring other banks to have deposits in it. Turning his attention […]
SuperFreakonomics was an instant New York Times bestseller that caused a media uproar, continuing the amazing success begun with the groundbreaking, worldwide sensation Freakonomics. With the Illustrated Edition, Steven D. Levitt and Stephen J. Dubner bring alive their smart thinking and great storytelling with an explosion of visual evidence, including: A by-the-numbers tally of a […]
Stephen Dubner describes the research of Keith Chen and his experiments with the monkey economy. Monkeys were taught to use money by economists to buy different commodities, hilarity ensues.
The Economist Levitt’s incentive scheme for potty training his daughter Amanda backfires. Clip from the 2010 documentary “Freakonomics: The Movie”. A dream team of directors explore the hidden side of everything.
The mood of investors against Spain continued exacerbating as the situation worsened significantly. Last Friday, when European Union leaders finally approved, though with some provisos, the Spanish bank bailout amounting to 100 billion euros, negative omens against the Iberian country took place again. The Madrid IBEX index fell 5.8%, the rate of return of 10-year […]
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.
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.
This lecture deals with the boom part of the business cycle. It covers the factors behind the boom and boom reversal.
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.
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.