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We’ll cover fundamental questions such as: Why do some countries grow rich while others remain poor? How important is a country’s banking system — and what happened during the recent financial crisis? How did Zimbabwe end up with an inflation rate that rose into the quadrillions?

We’ll also cover important topics like the Federal Reserve, monetary policy, fiscal policy, the Solow Growth Model, institutional analysis, the “economics of ideas,” and more.

The course is divided up into "bite-size" chunks (average 5 minutes) that you can watch at your leisure. Ask questions, chat with the professors and earn a certificate at http://mruniversity.com.

Principles of Macroeconomics (Video) Marginal Revolution University

    • Utbildning

We’ll cover fundamental questions such as: Why do some countries grow rich while others remain poor? How important is a country’s banking system — and what happened during the recent financial crisis? How did Zimbabwe end up with an inflation rate that rose into the quadrillions?

We’ll also cover important topics like the Federal Reserve, monetary policy, fiscal policy, the Solow Growth Model, institutional analysis, the “economics of ideas,” and more.

The course is divided up into "bite-size" chunks (average 5 minutes) that you can watch at your leisure. Ask questions, chat with the professors and earn a certificate at http://mruniversity.com.

    • video
    What Is Gross Domestic Product (GDP)?

    What Is Gross Domestic Product (GDP)?

    Picture the economy as a giant supermarket, with billions of goods and services inside. At the checkout line, you watch as the cashier rings up the price for each finished good or service sold. What have you just observed?
    The cashier is computing a very...

    • 4 min
    • video
    Nominal vs. Real GDP

    Nominal vs. Real GDP

    "Are you better off today than you were 4 years ago? What about 40 years ago?"
    These sorts of questions invite a different kind of query: what exactly do we mean, when we say “better off?” And more importantly, how do we know if we’re better off or not?...

    • 7 min
    • video
    Real GDP Per Capita and the Standard of Living

    Real GDP Per Capita and the Standard of Living

    They say what matters most in life are the things money can’t buy.
    So far, we’ve been paying attention to a figure that’s intimately linked to the things money can buy. That figure is GDP, both nominal, and real. But before you write off GDP as strictly...

    • 5 min
    • video
    Splitting GDP

    Splitting GDP

    In the last three videos, you learned the basics of GDP: how to compute it, and how to account for inflation and population increases. You also learned how real GDP per capita is useful as a quick measure for standard of living.
    This time round, we’ll...

    • 6 min
    • video
    Basic Facts of Wealth

    Basic Facts of Wealth

    We know that there are rich countries, poor countries, and countries somewhere in between. Economically speaking, Japan isn’t Denmark. Denmark isn’t Madagascar, and Madagascar isn’t Argentina. These countries are all different.
    But how different are they...

    • 4 min
    • video
    Growth Rates Are Crucial

    Growth Rates Are Crucial

    In the first video in this section on The Wealth of Nations and Economic Growth, you learned a basic fact of economic wealth—that countries can vary widely in standard of living. Specifically, you learned how variations in real GDP per capita can set...

    • 6 min

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