2nd Edition
ECON 205: Principles of Macroeconomics
School: University of Southern California (USC )
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Pages: 2Discussion on the relationship between investment, savings, and consumption as indicators of macroeconomic progress. The different types of unemployment, inflation, growth, and the government response to each problem. -
Pages: 3This lecture presents some practice questions that illustrate concepts that will be on the final. Additionally, we discuss overarching themes of the course, like the contemporary fiscal cliff, new classical and supply side economics, currency overvaluation and deficit, and Keynesian macroeconomics. -
Pages: 2In this lecture, the professor continues to review important concepts from the course for the final. Additionally, he announces as to what chapters and readings will be covered on the final. The rest of the lecture discusses the inflexibility of the short term aggregate supply curve, and the factors and effects of unemployment. -
Pages: 2This lecture continues the review portion of the macroeconomics course. In this lecture, the professor elaborates on the three types of budgets, and most importantly, how taxation rates affect economic growth and government revenue. -
Pages: 2This continues the review portion of the course, as the professor reviews open-market concepts for the final. This lecture discusses savings and investment functions in an open economy, how investments are affected by global and domestic interest rates, the European Monetary Union, and inflation. -
Pages: 2Discussion on open-market economic policies, government interactions and measures in the economy, deficit and debt, and the contemporary fiscal cliff. -
Pages: 3The ongoing fiscal crisis "cliff" that is affecting the United States, while highlighting the role international trade and currency exchange play in unemployment and inflation. -
Pages: 2This lecture includes a short presentation by a former student concerning the costs of reforming medicare and Obamacare, and describes supranational entities like the European Monetary Union and their role in international trade. -
Pages: 3This lecture includes a short presentation by a former student concerning the rising cost of healthcare, and introduces the world of international trade and finance. -
Pages: 3This lecture defines closed and open economies, and begins to describe the balance of trade, accounting, exchange rates, and the roles of the World Bank and IMF. -
Pages: 3This lecture explains in depth how the Federal Reserve seeks to control the economy and why it differs from other central banks. -
Pages: 2The importance of economic growth and what factors are responsible for it. He also lectures on the "Nixon shock" and the breakdown of the post-war gold-backed international monetary system. -
Pages: 2Discussion on the true meaning of economic growth and development, the philosophy of the Chicago School of Economics, and the quantity theory of money. Additionally, his teaching assistant Bilal Khan presents a short lecture on the economic convergence of real GDP per capita of Pakistan and the United States. -
Pages: 2This lecture serves mainly as a review for the second examination on October 2nd. It covers the definition of key concepts like capital goods, rentals, financial assets, rates of investment and interest, risk of investments, time, and the importance of profits. -
Pages: 2This lecture describes the function of the business cycle and why it occurs regularly in capitalist economics. In addition, it also covers macroeconomic equilibriums, the multiplier model of Keynesian economics, and why changes in investment occur. -
Pages: 2This lecture reviews the concepts of consumption, investment, and how the business cycle works in a free market economy. -
Pages: 2The economic meaning of consumption and its relation to the gross domestic product of countries. Additionally, he reviews monetary policy and the role of the Federal Reserve. -
Pages: 3This lecture was a conclusion to material covered before the test. It covers the different facets of government policy towards the economy: international, monetary, fiscal, and market, and how gross domestic product is calculated. -
Pages: 3This lecture discusses how the market works due to changes in quantity and price, and how the government can control prices and therefore the economy itself. -
Pages: 2This lecture discusses the invisible hand (concept by Adam Smith), monopolies, and how different government policies can affect the overall economy. -
Pages: 2This lecture discusses the functions of the market economy and what assumptions economists make to develop models. Supply and demand are described, as well as elasticity affecting both.