If you track the value of a currency, you'll notice its value fluctuates. In this video, we introduce to how exchange rates can fluctuate. Created by Sal Khan.
Learn about the balance of payments (BOP) by taking a look at the BOP for the United States in 2006 and how it relates to China's currency. Created by Sal Khan.
In this video, learn about the distinction between deficits and debts, as well as the pros and cons of deficits.
Explore the basics of deflation, including the definition of deflation, how the CPI changes when there is deflation, and why economists tend to be concerned when deflation occurs. Created by Sal Khan.
One of the biggest worries associated with deflation is a deflationary spiral, in which low unemployment and a decreasing price level leads to lower unemployment and an even lower price level. Created by Sal Khan.
How you can have deflation even if the money supply increases. Created by Sal Khan.
Why do people hold wealth in the form of money, rather than in some other interest-earning asset? Learn about the demand for money in this video.
A real-world example of the concepts behind the AD-AS model is the inflation that the United States experienced in the late 1960s. In this video, we break down some of the events going on at the time and use the AD-AS model to see if our predictions using this model match what really happened. Created by Sal Khan.
Showing how a change in government spending can lead to a new equilibrium. Created by Sal Khan.
This course emphasizes dynamic models of growth and development. Topics covered include: migration, modernization, and technological change; static and dynamic models of political economy; the dynamics of income distribution and institutional change; firm structure in developing countries; development, transparency, and functioning of financial markets; privatization; and banks and credit market institutions in emerging markets.
At MIT, this course was team taught by Prof. Robert Townsend, who taught for the first half of the semester, and Prof. Abhijit Banerjee, who taught during the second half. On OCW we are only including materials associated with sessions one through 13, which comprise the first half of the class.
Short Description:
The Local Development and Local Opportunities book is one of the first of its kind, in particular in the context of development of the small Anatolian cities. The book, on one hand, discusses opportunities offered by the small Anatolian cities; and on the other hand, shares new proposals for potential development programs.
Long Description:
The Local Development and Local Opportunities book is one of the first of its kind, in particular in the context of development of the small Anatolian cities. The book, on one hand, discusses opportunities offered by the small Anatolian cities; and on the other hand, shares new proposals for potential development programs. The book, as the last in a series of new academic activities between 2016-2018, is related to development concerns in a self-organized small city in the Eastern Anatolia.
Word Count: 4270
(Note: This resource's metadata has been created automatically by reformatting and/or combining the information that the author initially provided as part of a bulk import process.)
An introduction to the difference between wealth and income. Created by Sal Khan.
People say the government has a debt problem, but what causes federal government debt? In this video, Professor Antony Davies of Duquesne University traces the root cause of government debt to find out if the problem is too much spending or too little government tax revenue.
The unifying theme of this course is best captured by the title of our main reference book: “Recursive Methods in Economic Dynamics”. We start by covering deterministic and stochastic dynamic optimization using dynamic programming analysis. We then study the properties of the resulting dynamic systems. Finally, we will go over a recursive method for repeated games that has proven useful in contract theory and macroeconomics. We shall stress applications and examples of all these techniques throughout the course.
Economic growth is an expansion of the capacity to produce goods and services. Economists traditionally believed that expanding the stock of capital leads to economic growth. In this video, we explore the important link between investment and growth using the PPC model. Created by Sal Khan.
Economic models are a way of taking complicated ideas and events and breaking them down into their most important characteristics. We use models in economics so that we can focus our attention on a few things instead of getting bogged down a lot of details. In this video, learn more about the role that models play in economics, and the importance of the assumptions that underlie those models.
Looking for engaging content for your economics courses? The Institute for Humane Studies has curated this collection of educational resources to help economics professors enrich their curriculum. Find videos, interactive games, reading lists, and more on everything from opportunity costs to trade policy. This collection is updated frequently with new content, so watch this space!
Education as a force of convergence. A discussion with Sal Khan.
How are nominal real interest rates determined? In the money market! Learn about the money market in this video.
In this video explore a simplified example of how to calculate real GDP from nominal GDP using the GDP deflator. Created by Sal Khan.