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.

Introductory Macroeconomics

Lessons

Lecture 1: Macroeconomics Vs. Microeconomics, and Economic Modelling

Lecture 2: What is Macroeconomics and What Macroeconomists Do?

Lecture 4: Savings and Wealth

Lecture 5: Interest Rates, Production Function, Employment

Lecture 6: Monetary Economics

Lecture 7: Demand, Supply and Equilibrium

Lecture 8: Money, Economic Growth and Inflation

Lecture 9: Supply of Money and Concept of Inflation

Lecture 10: Factors Determining Money Demand

Lecture 11: Introduction to Commercial Banking

Lecture 12: Deposit Banking

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

Lecture 14: Introduction to Central Banking

Lecture 15: Tools of Monetary Policy

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

Lecture 17: Negative Effects of Inflation

Lecture 18: Effects of Inflation, Production and Capital

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

Lecture 20: Economic Growth

Lecture 21: Business Cycles - Part 1

Lecture 22: Business Cycles - Part 2

Lecture 23: Business Cycles - Part 3

Lecture 24: Business Cycles - Part 4

Lecture 25: Fiscal Policy