Lecture 2: What is Macroeconomics and What Macroeconomists Do?
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.
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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
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