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Robert H  Frank, Professor of Economics, Cornell University
 
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Robert H. Frank is the HJ Louis Professor of Management and Professor of Economics at Cornell's Johnson School of Management. His “Economic View” column has appeared in The New York Times for more than a decade. He is a Distinguished Senior Fellow at Demos. He received his B.S. in mathematics from Georgia Tech, then taught math and science for two years as a Peace Corps Volunteer in rural Nepal. He holds an M.A. in statistics and a Ph.D. in economics, both from the University of California at Berkeley. His papers have appeared in the American Economic Review, Econometrica, Journal of Political Economy, and other leading professional journals. His next book, Success and Luck, will be published in early 2016. Earlier books, which include Choosing the Right Pond, Passions Within Reason, Microeconomics and Behavior, Principles of Economics (with Ben Bernanke), Luxury Fever, What Price the Moral High Ground?, Falling Behind, The Economic Naturalist, and The Darwin Economy, have been translated into 22 languages. The Winner-Take-All Society, co-authored with Philip Cook, received a Critic's Choice Award, was named a Notable Book of the Year by The New York Times, and was included in Business Week's list of the ten best books of 1995. He is a co-recipient of the 2004 Leontief Prize for Advancing the Frontiers of Economic Thought. He was awarded the Johnson School’s Stephen Russell Distinguished teaching award in 2004, 2010, and 2012, and its Apple Distinguished Teaching Award in 2005.
Lecture # 1 - Part - 1: INTRODUCTION TO MACROECONOMICS
 
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MACROECONOMICS WITH DR. SHERAZ MSc (Economics): Quaid-e-Azam University, Islamabad M.phil (Economics - University of York, UK) PhD (Political Economy - University of York, UK) [email protected] Suggested Books: Macroeconomics by Abel, Bernanke and Croushore Economics by Mcconnell, Brue, Flynn and Grant Principles of Macroeconomics by Mankiw
Chapter 1 Cost-Benefit Principle Problem Explained
 
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Chadron State College's Business Academy Econ/Finance Professor Chris McCarthy explaining how to complete a Cost-Benefit Principle Problem as depicted in Frank and Bernanke's Principles of Macroeconomics, 5th Edition , Bonus Problem Chapter 01-04
Views: 289 EconHero
Macroeconomics, Lecture 05
 
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Covers Bernanke's 2.5, 3.1, 3.5, 3.6 Prof. Krassimir Petrov, AUBG Professor: Krassimir Petrov, Ph. D.
Views: 15902 Krassimir Petrov
Macroeconomics, Lecture 03
 
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Covers Bernanke's Chapter 2.1 and 2.2 - the Product, Income, and Expenditure Approaches to measuring GDP Krassimir Petrov, AUBG Professor: Krassimir Petrov
Views: 35623 Krassimir Petrov
Quantitative Easing Explained
 
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Quantitative Easing Explained (Fun!) Bernanke, thanks for the Harvard Macroeconomics Course !
Views: 526 QUANT GEN
Intro to Economics: Crash Course Econ #1
 
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In which Jacob Clifford and Adriene Hill launch a brand new Crash Course on Economics! So, what is economics? Good question. It's not necessarily about money, or stock markets, or trade. It's about people and choices. What, you may ask, does that mean. We'll show you. Let's get started! Crash Course is now on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark Brouwer, Jan Schmid, Anna-Ester Volozh, Robert Kunz, Jason A Saslow, Christian Ludvigsen, Chris Peters, Brad Wardell, Beatrice Jin, Roger C. Rocha, Eric Knight, Jessica Simmons, Jeffrey Thompson, Elliot Beter, Today I Found Out, James Craver, Ian Dundore, Jessica Wode, SR Foxley, Sandra Aft, Jacob Ash, Steve Marshall TO: My Students FROM: Mrs. Culp Culpzilla's students are amazing! You guys rock! TO: Everyone FROM: Pankaj DFTBA and keep being the exception like the Mongols. Thank you so much to all of our awesome supporters for their contributions to help make Crash Course possible and freely available for everyone forever: Summer Naugle, Minnow, Ilkka Hemmilä, Kaitlyn Celeste, Lee Toran, Sarty, Damian Shaw, Nathaniel "The Skipper" Cruz Chavez, Maura Doyle, Chris, Sander Mutsaers Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 3596136 CrashCourse
The Darwin Economy: liberty, competition, and the common good
 
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Speaker: Professor Robert H. Frank Chair: Paul Mason Recorded on 10 November 2011 in Old Theatre, Old Building. Department of Management and BBC Radio 4 public conversation Who was the greater economist--Adam Smith or Charles Darwin? The question seems absurd. Darwin, after all, was a naturalist, not an economist. But Robert Frank, New York Times economics columnist and best-selling author of The Economic Naturalist, predicts that within the next century Darwin will unseat Smith as the intellectual founder of economics. Frank's new book is entitled The Darwin Economy. In this conversation with Paul Mason, economics editor of BBC 2's Newsnight, Frank will argue that the reason for this is that Darwin's understanding of competition describes economic reality far more accurately than Smith's. The consequences of this fact are profound and our failure to recognize that we live in Darwin's world rather than Smith's is putting us all at risk by preventing us from seeing that competition alone will not solve our problems. The good news is that we have the ability to tame the Darwin economy. The best solution is not to prohibit harmful behaviours but to tax them. By doing so, we could make the economic pie larger, eliminate government debt, and provide better public services, all without requiring painful sacrifices from anyone. That's a bold claim, Frank concedes, but it follows directly from logic and evidence that most people already accept. Robert H. Frank is an economics professor at Cornell's Johnson Graduate School of Management and a regular "Economic View" columnist for the New York Times, and a Distinguished Senior Fellow at Demos. His books, which have been translated into 22 languages, include The Winner-Take-All Society (with Philip Cook), The Economic Naturalist, Luxury Fever, What Price the Moral High Ground?, and Principles of Economics (with Ben Bernanke).
Lecture # 1 - Part - 2: INTRODUCTION TO MACROECONOMICS
 
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MACROECONOMICS WITH DR. SHERAZ MSc (Economics): Quaid-e-Azam University, Islamabad M.phil (Economics - University of York, UK) PhD (Political Economy - University of York, UK) [email protected] Suggested Books: Macroeconomics by Abel, Bernanke and Croushore Economics by Mcconnell, Brue, Flynn and Grant Principles of Macroeconomics by Mankiw
LECTURE # 6: THE ASSET MARKET, MONEY AND PRICES
 
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MACROECONOMICS WITH DR. SHERAZ MSc (Economics): Quaid-e-Azam University, Islamabad M.phil (Economics - University of York, UK) PhD (Economics(Political Economy) - University of York, UK) [email protected] Suggested Books: Macroeconomics by Abel, Bernanke and Croushore Economics by Mcconnell, Brue, Flynn and Grant Principles of Macroeconomics by Mankiw
Week 1 Macroeconomics and Gross Domestic Product (GDP) FULL
 
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Principles of macroeconomics; The General Theory of Employment, Interest and Money; John Maynard Keynes; Economic and macroeconomic study of individual decision making; scarce resources; market economy; market mechanism; market equilibrium; magic of markets; long run growth; fundamental theorem of welfare economics; optimal allocation of resources; no free lunch; Pareto optimality; John Maynard Keynes; The General Theory of Employment, Interest and Money; indicators and performance; gross domestic product (GDP) for United States (USA); recessions are an interruption of the increase of GDP; rate of inflation; unemployment; Political economy or economics is a study of mankind in the ordinary business of life; Alfred Marshall; hypothesising; hypothesizing; long run economic growth; macroeconomic themes; United States (USA) Federal Reserve (the Fed); monetary policy; interest rate targeting; GDP and inflation; cutting interest rates to encourage spending by firms and individuals; low interest rates; quantitative easing (QE); liquidity is pumped into the economy by the Federal Reserve buying assets in the private sector; encouraging aggregate spending in the economy; fiscal policy; government spending and tax; budget deficit or budget surplus; fiscal policy multiplier; government debt; raising living standards; sustainable public debt; sustainable private debt; per capita GDP; managing the business cycle; Ben Bernanke; Global Financial Crisis; monetary policy; central banks; inflation; household saving; Principles of macroeconomics; gross domestic product (GDP); United States (USA) imports and exports; flow of economic activity; stock; measure of economic activity; production; expenditure; income; Economic activity; production; intermediate good; final good; factors of production; labour; labor; capital; physical tangible assets that firms use; value added resources; consumption by households, government and foreigners; households consume durable goods; investment expenditure for future consumption; budget surplus; budget deficit;
Views: 16956 Melb Univ
Lecture # 5: SAVING AND INVESTMENT IN AN OPEN ECONOMY
 
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MACROECONOMICS WITH DR. SHERAZ MSc (Economics): Quaid-e-Azam University, Islamabad M.phil (Economics - University of York, UK) PhD (Economics(Political Economy) - University of York, UK) [email protected] Suggested Books: Macroeconomics by Abel, Bernanke and Croushore Economics by Mcconnell, Brue, Flynn and Grant Principles of Macroeconomics by Mankiw
LECTURE # 7: BUSINESS CYCLES
 
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MACROECONOMICS WITH DR. SHERAZ MSc (Economics): Quaid-e-Azam University, Islamabad M.phil (Economics - University of York, UK) PhD (Economics(Political Economy) - University of York, UK) [email protected] Suggested Books: Macroeconomics by Abel, Bernanke and Croushore Economics by Mcconnell, Brue, Flynn and Grant Principles of Macroeconomics by Mankiw
Lecture # 8: THE IS LM or AD AS MODEL; A GENERAL FRAMEWORK FOR MACROECONOMIC ANALYSIS
 
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MACROECONOMICS WITH DR. SHERAZ MSc (Economics): Quaid-e-Azam University, Islamabad M.phil (Economics - University of York, UK) PhD (Political Economy - University of York, UK) [email protected] Suggested Books: Macroeconomics by Abel, Bernanke and Croushore Economics by Mcconnell, Brue, Flynn and Grant Principles of Macroeconomics by Mankiw
Macroeconomics, Lecture 02
 
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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 Krassimir Petrov, American University in Bulgaria Professor: Krassimir Petrov
Views: 48328 Krassimir Petrov
The Bubble Report : Bobby B Grills Bernanke and Greenspan on Macro Economics
 
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bobby b grilles alan greenspan , while trying to get through to bernanke , on grandmas cell phone; I finally got through to Greenspan and asked him why he thinks unlimited low interest are good for the economy long term , we talked about his book and discussed the current economic crisis, and macro economics Check out the Bobby Bubble Head Video Blog All of Bobby's Videos Categorized http://bobbybubblehead.com/
Views: 232 bobbybubblehead
The 2008 Financial Crisis: Crash Course Economics #12
 
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Today on Crash Course Economics, Adriene and Jacob talk about the 2008 financial crisis and the US Goverment's response to the troubles. So, all this starts with home mortgages, and the use of mortgages as an investment instrument. For years, it seemed like the US housing market would go up and up. Like a bubble or something. It turns out it was a bubble. But not the good kind. And the government response was...interesting. Anyway, why are you reading this? Watch the video! More Financial Crisis Resources: Financial Crisis Inquiry Report: http://www.gpo.gov/fdsys/pkg/GPO-FCIC/pdf/GPO-FCIC.pdf TAL: Giant Pool of Money: http://www.thisamericanlife.org/radio-archives/episode/355/the-giant-pool-of-money Timeline of the crisis: https://www.stlouisfed.org/financial-crisis/full-timeline http://www.economist.com/news/schoolsbrief/21584534-effects-financial-crisis-are-still-being-felt-five-years-article Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Fatima Iqbal, Penelope Flagg, Eugenia Karlson, Alex S, Jirat, Tim Curwick, Christy Huddleston, Eric Kitchen, Moritz Schmidt, Today I Found Out, Avi Yashchin, Chris Peters, Eric Knight, Jacob Ash, Simun Niclasen, Jan Schmid, Elliot Beter, Sandra Aft, SR Foxley, Ian Dundore, Daniel Baulig, Jason A Saslow, Robert Kunz, Jessica Wode, Steve Marshall, Anna-Ester Volozh, Christian, Caleb Weeks, Jeffrey Thompson, James Craver, and Markus Persson -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 1589263 CrashCourse
LECTURE # 2: THE MEASUREMENT AND THE STRUCTURE OF NATIONAL ECONOMY
 
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MACROECONOMICS WITH DR. SHERAZ MSc (Economics): Quaid-e-Azam University, Islamabad M.phil (Economics - University of York, UK) PhD (Political Economy - University of York, UK) [email protected] Suggested Books: Macroeconomics by Abel, Bernanke and Croushore Economics by Mcconnell, Brue, Flynn and Grant Principles of Macroeconomics by Mankiw
Saving the World Economy: Paul Krugman and Olivier Blanchard in Conversation
 
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Two of the foremost experts on the international economy, Paul Krugman and Olivier Blanchard, engage in a discussion about recent crises around the world and how to prevent global economic collapse. Paul Krugman is a Nobel Prize-winning economist, noted New York Times columnist and author, and distinguished professor in the Ph.D. Program in Economics at the Graduate Center. Olivier Blanchard, chief economist at the International Monetary Fund from 2008 to 2015, is a senior fellow at the Peterson Institute for International Economics and Robert M. Solow Professor of Economics emeritus at MIT. Presented on December 7, 2015, by GC Public Programs and the Ralph Bunche Institute for International Studies.
Macroeconomics, Lecture 04
 
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Covers Bernanke's 2.3 and 2.5 Prof. Krassimir Petrov, AUBG Professor: Krassimir Petrov, Ph. D.
Views: 20403 Krassimir Petrov
Introduction to Macroeconomics - Macroeconomics Lecture # 01
 
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Introduction to Macroeconomics - Macroeconomics Lecture # 01 Subscribe this channel to get more knowledge,Lectures,Presentations etc. Youtube: https://www.youtube.com/channel/UCuBvNmo-Q42RPTisa-b1_-w?sub_confirmation=1 Facebook: https://www.facebook.com/g8knowledge Twitter: https://www.twitter.com/g8knowledge Instragram: https://www.instagram.com/knowledgeget Introduction to Macroeconomics: Course Description: The course introduces the students to the fundamentals of economics and how economy operates. The topics included are introduction to macroeconomics, law of demand and supply, fiscal and monetary policy and financial institutions, and use of economic indicators to forecast an economic growth. Course Objective: The objective of this course is that the students will have the basic knowledge of the economic concepts and phenomena be able to understand the working of an economy in an international context and will have an understanding about major economic issues and problems of the day. Macroeconomic factors and policies that affect the business activities in an open economy. The students will also have an insight into the functioning of macroeconomic activities and also macroeconomic indicators. They will be able to view the economy in global perspective. After completing the course the students will be able to apply the principles of macroeconomics to solve economic problems being faced by both public and private sectors of Pakistan. Learning Outcome: At the end of this course it is expected that the student should be able to: 1. Identify the circular flow of output, expenditure and incomes in an economy. 2. Make a distinction between injections and withdrawals from the circular flow of income. 3. The overall functioning of the economy. 4. The key role of macroeconomic indicators in understanding the economy. 5. Understand the concept of macroeconomic equilibrium and implications for the management of the business cycle. 6. To understand the fluctuations of business cycles about trend in real GDP. 7. The revolution that came in the area of economics through the efforts of Keynes. 8. Discuss and compare the Keynesian theory with the classical theory. 9. The role of fiscal and monetary policy in stabilizing the economy. 10. Describe the tools used by the central bank to conduct its monetary policy. 11. Describe the recent history of federal expenditures, tax revenues, and budget deficit. 12. Analyze the importance of international trade to the Pakistan economy and evaluate the effects of government policy measures on the exchange rate and trade. Course Contents: Topics to be covered Introduction to Macroeconomics; • Economics • Branches: Microeconomics and Macroeconomics • Analytical approaches: Normative and Positive economics • Overview of the key macroeconomic indicators • Overview of the Classical and Keynesian economics Chapter Outline: What Macroeconomics Is About What Macroeconomists Do Why Macroeconomists Disagree
Views: 13003 Get Knowledge
Economics and Finance: Macroeconomics and Fiscal Policy
 
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Moderator: Ricardo Caballero PhD '88, Ford International Professor of Economics and Department Head. MIT Panel: Pedro Aspe PhD '78, Co-Chairman, Evercore Partners and Chairman and CEO, Protego Robert Gordon PhD '67, Stanley G. Harris Professor of Social Sciences, Northwestern University Olivier Blanchard PhD '77, Class of 1941 Professor of Economics, MIT and Chief Economist, International Monetary Fund Paul Krugman PhD '77, Professor of Economics and International Affairs, Princeton University N. Gregory Mankiw PhD '84, Robert M. Beren Professor of Economics, Harvard University Christina Romer PhD '85, Class of 1957–Garff B. Wilson Professor of Economics, University of California, Berkeley.
Lecture # 4: CONSUMPTION, SAVING AND INVESTMENT
 
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MACROECONOMICS WITH DR. SHERAZ MSc (Economics): Quaid-e-Azam University, Islamabad M.phil (Economics - University of York, UK) PhD (Political Economy - University of York, UK) [email protected] Suggested Books: Macroeconomics by Abel, Bernanke and Croushore Economics by Mcconnell, Brue, Flynn and Grant Principles of Macroeconomics by Mankiw
Chapter # 3: PRODUCTIVITY, OUTPUT AND EMPLOYMENT
 
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MACROECONOMICS WITH DR. SHERAZ MSc (Economics): Quaid-e-Azam University, Islamabad M.phil (Economics - University of York, UK) PhD (Political Economy - University of York, UK) [email protected] Suggested Books: Macroeconomics by Abel, Bernanke and Croushore Economics by Mcconnell, Brue, Flynn and Grant Principles of Macroeconomics by Mankiw
Cengage Learning Economics 5 Minute White Board 1, What is Principles of Economics?
 
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In this segment, you will learn about what principles of economcis is, who takes it, the difference between Macro and Micro and how our books are set up.
Views: 484 John Carey
Indifference curve is wrong
 
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We explain that the standard indifference curves are incorrect, because they fail to specify the current level of consumption. The correct indifference curves have to incorporate the endowment effect which has been documented in countless experiments. According to the endowment effect people are willing to give up a good at only a higher price than they are willing to acquire it. Read more about it in my book: What Every Economics Student Needs to Know and Doesn’t Get in the Usual Principles Text (New York: M.E. Sharpe, 2014) p. 37. your can also read more about it here: http://www.voxeu.org/article/sticky-prices-and-behavioural-indifference-curves
Views: 313 John Komlos
Tofu Supply and Demand Simultaneous Shift
 
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Practice Problem from Principles of Macroeconomics, 5th Edition by Frank and Bernanke (Chapter 03). Solved by Christopher McCarthy, Asst Prof at Chadron State College and Chadron State Director of Economic Education. Video prepared for the online macroeconomics summer course for 2016 (ECON 231-79A1 Summer 16, Second 8 weeks). Using McGraw-Hill Connect "student assignment view". Illustrating and explaining how shifts in demand and supply curves create a new equilibrium with new quantity and price points.
Views: 126 EconHero
18. Monetary Policy
 
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Financial Markets (2011) (ECON 252) 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 to the U.S., Professor Shiller outlines the evolution of its banking system from the Suffolk System, via the National Banking era, to the founding of the Federal Reserve System in 1913. After presenting approaches to central banking in the European Union and in Japan, he emphasizes the federal funds rate, targeted by the Federal Open Market Committee, as well as the recent change to pay interest on reserve balances at the Federal Reserve, enacted by the Emergency Economic Stabilization Act from 2008, as important tools of U.S. monetary policy. After elaborating on reserve requirements, which are liability-based restrictions, and capital requirements, which are asset-based, he provides a simple, illustrative example that delivers an important intuition about the difficulties that banks have faced during the recent crisis from 2007-2008. This leads to Professor Shiller's concluding remarks about regulatory approaches to the prevention of future banking crises. 00:00 - Chapter 1. The Origins of Central Banking: The Bank of England 06:27 - Chapter 2. The Suffolk System and the National Banking Era in the U.S. 12:08 - Chapter 3. The Founding of the Federal Reserve System 25:46 - Chapter 4. The Move to Make Central Banks Independent 30:49 - Chapter 5. U.S. Monetary Policy: Federal Funds Rate and Reserve Requirements 45:23 - Chapter 6. Capital Requirements, Basel III and Rating Agencies 52:34 - Chapter 7. Capital Requirements and Reserve Requirements in the Context of a Simple Example 01:05:30 - Chapter 8. Capital Requirements to Stabilize the Financial System in Crisis Times Complete course materials are available at the Yale Online website: online.yale.edu This course was recorded in Spring 2011.
Views: 100794 YaleCourses
What's all the Yellen About? Monetary Policy and the Federal Reserve: Crash Course Economics #10
 
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This week on Crash Course Economics, we're talking about monetary policy. The reality of the world is that the United States (and most of the world's economies) are, to varying degrees, Keynesian. When things go wrong, economically, the central bank of the country intervenes to try aand get things back on track. In the United States, the Federal Reserve is the organization that steps in to use monetary policy to steer the economy. When the Fed, as it's called, does step in, there are a few different tacks it can take. The Fed can change interest rates, or it can change the money supply. This is pretty interesting stuff, and it's what we're getting into today. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Fatima Iqbal, Penelope Flagg, Eugenia Karlson, Alex S, Jirat, Tim Curwick, Christy Huddleston, Eric Kitchen, Moritz Schmidt, Today I Found Out, Avi Yashchin, Chris Peters, Eric Knight, Jacob Ash, Simun Niclasen, Jan Schmid, Elliot Beter, Sandra Aft, SR Foxley, Ian Dundore, Daniel Baulig, Jason A Saslow, Robert Kunz, Jessica Wode, Steve Marshall, Anna-Ester Volozh, Christian, Caleb Weeks, Jeffrey Thompson, James Craver, and Markus Persson -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 807332 CrashCourse
Tax policy in 2016: Views from the economics profession
 
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On February 25, the Urban Institute-Brookings Institution Tax Policy Center hosted an event on tax policy with two keynote speakers – Representative Kevin Brady (R-TX), the chairman of the House Ways and Means Committee, and Senator Ron Wyden (D-OR), ranking member of the Senate Finance Committee – and convened panels of leading economists and journalists. http://www.brookings.edu/events/2016/02/25-tax-policy-2016 Subscribe! http://www.youtube.com/subscription_center?add_user=BrookingsInstitution Follow Brookings on social media! Facebook: http://www.Facebook.com/Brookings Twitter: http://www.twitter.com/BrookingsInst Instagram: http://www.Instagram.com/brookingsinst LinkedIn: http://www.linkedin.com/com/company/the-brookings-institution
Views: 1328 Brookings Institution
Lionel Robbins Memorial Lectures 2010 - Economic Growth, Human Welfare and Inequality
 
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Speaker: Lord Turner This event was recorded on 11 October 2010 in Old Theatre, Old Building Lord Turner will deliver the 2010 Lionel Robbins Memorial Lecture Series, running for three consecutive evenings (11/12/13 October). The overall theme of the 3 lectures is Economics after the Crisis. Amid the financial crash there was much talk of a crisis of capitalism and the need for a revolution in economics. Two years on much work is in hand to reform global financial regulation, but it is not clear that the crisis will produce change as radical as initially supposed. Adair Turner will argue, however, that the crisis should provoke us to think deeply about the conventional wisdom of the last several decades in which economic growth maximisation is the clear objective of economic policy, and market liberalisation, including in financial markets, the universally applicable means.
Who Will Replace Bernanke as Chairman?
 
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CCTV America correspondent Jessica Stone takes an in-depth look at the Federal Reserve's recent economic expectations and the candidates for the Federal Reserve chair. Then anchor Phillip Yin and William Mahnic, Banking and Finance Professor at Case Western Reserve University, have further discussions on this topic.
"Why Learn Economics?" Music Video with Jacob Clifford and M.C. Caskey
 
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What happens when two teachers get together to share their love of economics? This collaboration. An awesome, hip hop ode to the dismal science. Our hope is that students that watch this video will see that economics is fun, meaningful, and will help them make better decisions. Also check out our behind-the-scenes interview. https://www.youtube.com/watch?v=rUOrb9ymsPI Teachers- Lyrical Lessons to implement in class, including lyrics and follow-up activities, will be available for sale on HipHoponomics.com" Jacob- @acdcleadership Greg- @barspittercask Macroeconomics Videos https://www.youtube.com/watch?v=XnFv3d8qllI Microeconomics Videos https://www.youtube.com/watch?v=swnoF533C_c Econmovies https://www.youtube.com/playlist?list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH
Views: 7751 Jacob Clifford
"What is Money?" with Joseph T. Salerno -- Ron Paul Money Lecture Series, Pt 1/3
 
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Rep. Ron Paul sponsored this Congressional lecture on "What is Money?", part one of a three part series on the basic principles of money for Congressional staff. As a continuing educational tool this lecture was filmed and is provided to the public. Joseph T. Salerno, Ph.D., delivered the lecture. He is academic vice president of the Mises Institute, professor of economics at Pace University, and editor of the Quarterly Journal of Austrian Economics. Pt. 2: "What is Constitutional Money?" http://www.youtube.com/watch?v=k6gMkKmQSW4 Pt. 3 "What About Money Causes Economic Crises?" -- http://www.youtube.com/watch?v=npJ0CUT8d_Y
Views: 54101 CongressmanRonPaul
What is BERNANKE DOCTRINE? What does BERNANKE DOCTRINE mean? BERNANKE DOCTRINE meaning & explanation
 
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What is BERNANKE DOCTRINE? What does BERNANKE DOCTRINE mean? BERNANKE DOCTRINE meaning - BERNANKE DOCTRINE definition - BERNANKE DOCTRINE explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. The Bernanke doctrine refers to measures, identified by Ben Bernanke while Chairman of the Board of Governors of the United States Federal Reserve, that the Federal Reserve can use in conducting monetary policy to combat deflation. In 2002, when the word "deflation" began appearing in the business news, Bernanke, then a governor on the Board of the Federal Reserve, gave a speech about deflation entitled "Deflation: Making Sure "It" Doesn't Happen Here." In that speech, he assessed the causes and effects of deflation in the modern economy. Bernanke states: "The sources of deflation are not a mystery. Deflation is in almost all cases a side effect of a collapse of aggregate demand – a drop in spending so severe that producers must cut prices on an ongoing basis in order to find buyers. Likewise, the economic effects of a deflationary episode, for the most part, are similar to those of any other sharp decline in aggregate spending—namely, recession, rising unemployment, and financial stress." Bernanke emphasized that Congress gave the Fed responsibility for preserving price stability (among other objectives), which implies avoiding deflation as well as inflation. He stated that deflation is always reversible under a fiat money system. Where currency is under a monopoly of issuance, or where there is a regulated system of issuing currency through banks which are tied to a central bank, the monetary authority has the ability to alter the money supply and thus influence the interest rate (to achieve monetary policy goals). Bernanke asserted that the Fed "has sufficient policy instruments to ensure that any deflation that might occur would be both mild and brief". To combat deflation, Bernanke provided a prescription for the Federal Reserve to prevent it. He identified seven specific measures that the Fed can use to prevent deflation. 1) Increase the money supply (M1 and M2). "The US government has a technology, called a printing press, that allows it to produce as many dollars as it wishes at essentially no cost." "Under a paper-money system, a determined government can always generate higher spending and, hence, positive inflation." 2) Ensure liquidity makes its way into the financial system through a variety of measures. "The U.S. government is not going to print money and distribute it willy-nilly ..."although there are policies that approximate this behavior." 3) Lower interest rates – all the way down to 0 per cent. Bernanke observed that people have traditionally thought that, when the funds rate hits zero, the Federal Reserve will have run out of ammunition. However, by imposing yields paid by long-term Treasury Bonds, "a central bank should always be able to generate inflation, even when the short-term nominal interest rate is zero ... more direct method, which I personally prefer, would be for the Fed to announce ceilings for yields on all longer-maturity Treasury debt." He noted that Fed had successfully engaged in "bond-price pegging" following the Second World War. 4) Control the yield on corporate bonds and other privately issued securities. Although the Federal Reserve cannot legally buy these securities (thereby determining the yields), it can, however, simulate the necessary authority by lending dollars to banks at a fixed term of 0 per cent, taking back from the banks corporate bonds as collateral. 5) Depreciate the U.S. dollar. Referring to U.S Monetary Policy in the 1930s under Franklin Roosevelt, he states that: "This devaluation and the rapid increase in money supply ... ended the U.S. deflation remarkably quickly." 6) Execute a de facto depreciation by buying foreign currencies on a massive scale. "The Fed has the authority to buy foreign government debt ... his class of assets offers huge scope for Fed operations because the quantity of foreign assets eligible for purchase by the Fed is several times the stock of U.S. government debt." 7) Buy industries throughout the U.S. economy with "newly created money". In essence, the Federal Reserve acquires equity stakes in banks and financial institutions. In this "private-asset option," the Treasury could issue trillions in debt and the Fed would acquire it, still using newly created money.
Views: 41 The Audiopedia
Peter Schiff: Keynesian vs Austrian Economics
 
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http://rustysmetals.com/ Keynesian vs. Austrian Economics Ben Bernanke, Paul Krugman, Peter Schiff, and Ron Paul
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Shocking Economics 2008
 
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http://www.americanfreedomuniversity.com Global Economics 2008 Senior university students in the USA correctly answered fewer than half of these seven (7) simple economic questions, in a recent survey. How well can you do? Find out more about this video and its sources at http://americanfreedomuniversity.com/blog/?page_id=2
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Introduction to Austrian Economics, Lecture 1: Mises and the Austrian School
 
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Hans-Hermann Hoppe and Jörg Guido Hülsmann present their lecture series, "Introduction to Austrian Economics." This seminar includes eleven lectures and was recorded in September 2005 in Klampenborg, Denmark. Playlist link for the complete lecture seminar: http://www.youtube.com/playlist?list=PL3B16DC252E7344E0 * * * * * Jörg Guido Hülsmann is a German economist and one of the leading modern-day proponents of the Austrian School, and was heavily influenced by Ludwig von Mises and is an anarcho-capitalist within the tradition of Murray Rothbard. He is a professor of economics at the University of Angers in France and is a senior faculty member of the Ludwig von Mises Institute. Dr. Hülsmann's official website: http://guidohulsmann.com Related links: http://mises.org/fellow.aspx?Id=10 http://mises.org/literature.aspx?action=author&Id=231 http://mises.org/articles.aspx?AuthorId=231 * * * * * Links to selected online books and essays on Austrian Economics: What is Austrian Economics? http://mises.org/etexts/austrian.asp Human Action: A Treatise on Economics by Ludwig von Mises http://mises.org/resources/3250 Audio book version: http://www.youtube.com/play_list?p=ED883527337E557B Theory and History: An Interpretation of Social and Economic Evolution by Ludwig von Mises http://mises.org/th.asp Audio book version: http://www.youtube.com/vplay_list?p=E52EEC7BFA3115F0 Economic Calculation in the Socialist Commonwealth by Ludwig von Mises http://mises.org/econcalc.asp Audio book version: http://www.youtube.com/vplay_list?p=FADF1FD6F2C0B8EF Historical Setting of the Austrian School of Economics by Ludwig von Mises http://mises.org/resources/1001 The Ultimate Foundation of Economic Science by Ludwig von Mises http://mises.org/books/ufofes/default.aspx Man, Economy, and State by Murray N. Rothbard http://mises.org/resources/1082 Audio book version: http://www.youtube.com/play_list?p=53CE2A1EA5C720BE Economic Thought Before Adam Smith: An Austrian Perspective on the History of Economic Thought, Volume I by Murray N. Rothbard http://mises.org/resources/3985 Audio book version: http://www.youtube.com/play_list?p=C60128B8E98929D7 Classical Economics: An Austrian Perspective on the History of Economic Thought, Volume II by Murray N. Rothbard http://mises.org/resources/3986 Audio book version: http://www.youtube.com/play_list?p=08BADEE86CA3F02F Mises and Austrian Economics by Murray N. Rothbard http://mises.org/resources/2699 The Austrian School of Economics: A History of Its Ideas, Ambassadors, and Institutions http://mises.org/resources/6136 Audio book version: http://www.youtube.com/playlist?p=PLF6C1466B1FDFB954 Principles of Economics by Carl Menger http://mises.org/etexts/menger/principles.asp The Failure of the "New Economics" by Henry Hazlitt http://mises.org/resources/3655 Individualism and Economic Order by F.A. Hayek http://mises.org/resources/4015 Monetary Theory and the Trade Cycle by F.A. Hayek http://mises.org/resources/680 The Pure Theory of Capital by F.A. Hayek http://mises.org/resources/3032 Monetary Nationalism and International Stability by F.A. Hayek http://mises.org/resources/570 Philosophical and Ethical Implications of Austrian Economics by Israel M. Kirzner http://mises.org/resources/24 Why Austrian Economics Matters by Llewellyn H. Rockwell, Jr. http://mises.org/resources/1200 Austrian Economics as Extraordinary Science http://mises.org/resources/12 Economic Science and the Austrian Method by Hans-Hermann Hoppe http://mises.org/resources/4950 The Austrian Theory of the Trade Cycle http://mises.org/pdf/austtrad.pdf The Place of Human Action in the Development of Modern Economic Thought by Joseph T. Salerno http://mises.org/journals/qjae/pdf/qjae2_1_3.pdf Austrian Macroeconomics: A Diagrammatical Exposition by Roger W. Garrison http://mises.org/resources/5057 The Austrian School's Critique of Marxism https://mises.org/daily/5114 Methodology of the Austrian School Economists http://mises.org/resources/155 Control or Economic Law by Eugen von Böhm-Bawerk http://mises.org/resources/5188 The Positive Theory of Capital by Eugen von Böhm-Bawerk http://mises.org/resources/3326 Mises and Austrian Economics: A Personal View by Ron Paul http://mises.org/resources/3221
Views: 10067 LibertyInOurTime
Macroeconomic Policy
 
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This Lecture talks about Macroeconomic Policy
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Amy Finkelstein / The Vision for Experimentation in North America
 
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Amy Finkelstein, Ford professor of economics at MIT and co-scientific director of the Abdul Latif Jameel Poverty Action Lab (J-PAL)'s newly opened North America office, speaks about her research in the field of health care during J-PAL's tenth anniversary event.
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Lessons for the Young Economist | Robert P. Murphy
 
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Jeffrey Tucker interviews Bob Murphy, author of 'Lessons for the Young Economist'. Recorded at the Ludwig von Mises Institute in Auburn, Alabama, on 19 November 2010.
Views: 18844 misesmedia
National Economics Challenge
 
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Two high school teams tested their economics knowledge at the National Economics Challenge. Steve Liesman reports.
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Global Macroeconomics
 
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Potentially a very dangerous road ahead to 2016. Ion-Marc Valahu, Co-Founder of Clairinvest You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#170377 Смотрите Dukascopy TV на вашем языке: http://www.youtube.com/user/dukascopytvrussian 用您的语言观看杜高斯贝电视: http://www.youtube.com/user/dukascopytvchinese Miren Dukascopy TV en su idioma: http://www.youtube.com/user/dukascopytvspanish Schauen Sie Dukascopy TV in Ihrer Sprache: http://www.youtube.com/user/dukascopytvgerman Regardez la Dukascopy TV dans votre langue: http://www.youtube.com/user/dukascopytvfrench Veja a TV Dukascopy na sua língua: http://www.youtube.com/user/dukascopytvpt
Views: 642 Dukascopy TV (EN)
Introduction to Austrian Economics, Lecture 10: The Foundations of Welfare Economics
 
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Hans-Hermann Hoppe and Jörg Guido Hülsmann present their lecture series, "Introduction to Austrian Economics." This seminar includes eleven lectures and was recorded in September 2005 in Klampenborg, Denmark. Playlist link for the complete lecture seminar: http://www.youtube.com/playlist?list=PL3B16DC252E7344E0 * * * * * Jörg Guido Hülsmann is a German economist and one of the leading modern-day proponents of the Austrian School, and was heavily influenced by Ludwig von Mises and is an anarcho-capitalist within the tradition of Murray Rothbard. He is a professor of economics at the University of Angers in France and is a senior faculty member of the Ludwig von Mises Institute. Dr. Hülsmann's official website: http://guidohulsmann.com Related links: http://mises.org/fellow.aspx?Id=10 http://mises.org/literature.aspx?action=author&Id=231 http://mises.org/articles.aspx?AuthorId=231 * * * * * Links to selected online books and essays on Austrian Economics: What is Austrian Economics? http://mises.org/etexts/austrian.asp Human Action: A Treatise on Economics by Ludwig von Mises http://mises.org/resources/3250 Audio book version: http://www.youtube.com/play_list?p=ED883527337E557B Theory and History: An Interpretation of Social and Economic Evolution by Ludwig von Mises http://mises.org/th.asp Audio book version: http://www.youtube.com/vplay_list?p=E52EEC7BFA3115F0 Economic Calculation in the Socialist Commonwealth by Ludwig von Mises http://mises.org/econcalc.asp Audio book version: http://www.youtube.com/vplay_list?p=FADF1FD6F2C0B8EF Historical Setting of the Austrian School of Economics by Ludwig von Mises http://mises.org/resources/1001 The Ultimate Foundation of Economic Science by Ludwig von Mises http://mises.org/books/ufofes/default.aspx Man, Economy, and State by Murray N. Rothbard http://mises.org/resources/1082 Audio book version: http://www.youtube.com/play_list?p=53CE2A1EA5C720BE Economic Thought Before Adam Smith: An Austrian Perspective on the History of Economic Thought, Volume I by Murray N. Rothbard http://mises.org/resources/3985 Audio book version: http://www.youtube.com/play_list?p=C60128B8E98929D7 Classical Economics: An Austrian Perspective on the History of Economic Thought, Volume II by Murray N. Rothbard http://mises.org/resources/3986 Audio book version: http://www.youtube.com/play_list?p=08BADEE86CA3F02F Mises and Austrian Economics by Murray N. Rothbard http://mises.org/resources/2699 The Austrian School of Economics: A History of Its Ideas, Ambassadors, and Institutions http://mises.org/resources/6136 Audio book version: http://www.youtube.com/playlist?p=PLF6C1466B1FDFB954 Principles of Economics by Carl Menger http://mises.org/etexts/menger/principles.asp The Failure of the "New Economics" by Henry Hazlitt http://mises.org/resources/3655 Individualism and Economic Order by F.A. Hayek http://mises.org/resources/4015 Monetary Theory and the Trade Cycle by F.A. Hayek http://mises.org/resources/680 The Pure Theory of Capital by F.A. Hayek http://mises.org/resources/3032 Monetary Nationalism and International Stability by F.A. Hayek http://mises.org/resources/570 Philosophical and Ethical Implications of Austrian Economics by Israel M. Kirzner http://mises.org/resources/24 Why Austrian Economics Matters by Llewellyn H. Rockwell, Jr. http://mises.org/resources/1200 Austrian Economics as Extraordinary Science http://mises.org/resources/12 Economic Science and the Austrian Method by Hans-Hermann Hoppe http://mises.org/resources/4950 The Austrian Theory of the Trade Cycle http://mises.org/pdf/austtrad.pdf The Place of Human Action in the Development of Modern Economic Thought by Joseph T. Salerno http://mises.org/journals/qjae/pdf/qjae2_1_3.pdf Austrian Macroeconomics: A Diagrammatical Exposition by Roger W. Garrison http://mises.org/resources/5057 The Austrian School's Critique of Marxism https://mises.org/daily/5114 Methodology of the Austrian School Economists http://mises.org/resources/155 Control or Economic Law by Eugen von Böhm-Bawerk http://mises.org/resources/5188 The Positive Theory of Capital by Eugen von Böhm-Bawerk http://mises.org/resources/3326 Mises and Austrian Economics: A Personal View by Ron Paul http://mises.org/resources/3221
Views: 1054 LibertyInOurTime
Role of macroeconomic policies (Fabio Sdogati)
 
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Video related to Polimi Open Knowledge (POK) http://www.pok.polimi.it This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License (CC BY-NC-SA 4.0). http://creativecommons.org/licenses/by-nc-sa/4.0/