Macroeconomics Lectures
No Chicken Feet! - youtube cartoon (3/28/2013)
Chicken feet, long considered a waste product in the US, have become a profit center for the high-volume low-profit US chicken industry in the China export market. But the export trade is not exempted from political whims.
Chicken feet, long considered a waste product in the US, have become a profit center for the high-volume low-profit US chicken industry in the China export market. But the export trade is not exempted from political whims.
Wealth Inequality in America (3/6/2013)
Infographics on the distribution of wealth in America, highlighting both the inequality and the difference between our perception of inequality and the actual numbers. The reality is often not what we think it is.
Infographics on the distribution of wealth in America, highlighting both the inequality and the difference between our perception of inequality and the actual numbers. The reality is often not what we think it is.
Quantitative Easing - How It Works (2/1/2012)
The Bank of England is injecting money directly into the economy to meet the inflation target.
The Bank of England is injecting money directly into the economy to meet the inflation target.
Complements and Substitutes - youtube (1/2/2012)
Complements and substitutes illustrate the difference between changes in quantity demanded vs changes in demand.
Complements and substitutes illustrate the difference between changes in quantity demanded vs changes in demand.
Deficit and Debt - youtube (11/2/2011)
Chronic budget deficits could lead to a ballooning debt/GDP ratio.
Chronic budget deficits could lead to a ballooning debt/GDP ratio.
Spending Multiplier - youtube (11/2/2011)
Spending multiplier in the absence of crowding-out effect.
Spending multiplier in the absence of crowding-out effect.
Crowding-out Effect - youtube (11/2/2011)
Government deficit financing could crowd out private investment.
Government deficit financing could crowd out private investment.
Trade Deficits - youtube (11/2/2011)
Trade deficits serve to fill domestic private saving gap and government budget gap.
Trade deficits serve to fill domestic private saving gap and government budget gap.
Circular Flow - youtube (11/2/2011)
The circular flow diagram captures the big picture of how different sectors of an economy are connected to one another by flows of money and goods.
The circular flow diagram captures the big picture of how different sectors of an economy are connected to one another by flows of money and goods.
Money Multiplier - youtube (11/2/2011)
The creation process of money in a fractional-reserve banking system.
The creation process of money in a fractional-reserve banking system.
Big Mac Index - youtube (11/2/2011)
The prices of Big Mac across countries could give an idea of the relative value of foreign currencies.
The prices of Big Mac across countries could give an idea of the relative value of foreign currencies.
Eat Your Cake Now - youtube cartoon (11/2/2011)
Who doesn't like to eat their cake and have it at the same time?
Who doesn't like to eat their cake and have it at the same time?
