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In this chapter, Professor Larraín explains Solow's Growth Behavioral Model. He explains terms such as capital stock, investment, marginal productivity of…
Solow's Growth Convergence Model
From SDG Academy
527 plays -
This chapter discusses monetary policy, and focuses on the difference between fixed and floating exchange rates. It begins by explaining the role that a central bank…
Monetary Policy Under Fixed and Floating Exchange…
From SDG Academy
306 plays -
This chapter discusses inflation and unemployment, as well as problems of stabilization. There is a trade-off between inflation and unemployment. Professor…
Inflation, Unemployment, and the Phillips Curve
From SDG Academy
127 plays -
This chapter discusses interactions between the public and private sectors through the role of pressure groups, who push the government in the direction of higher…
Interactions Between the Public and Private…
From SDG Academy
52 plays -
This module covers money and central banking, and looks at how a barter economy differs from a monetary economy. The financial crisis of 2008 is explained in order to…
"Money vs. Barter" History and Concepts
From SDG Academy
44 plays -
This chapter focuses on the purchasing power parity (PPP) and the interest rate arbitrage. Professor Larraín begins by explaining the law of one price, which…
PPP and Interest Rate Arbitrage
From SDG Academy
30 plays -
In this chapter, Professor Larraín talks about poverty traps, growth traps, middle income traps and their causes. Poverty traps are restrictions that make…
Growth Traps
From SDG Academy
30 plays -
This video focuses on central bank and monetary policy, and specifically how central banking has evolved in recent years. Most banks aim to control interest rates rather…
The Central Bank and New Approaches to Monetary…
From SDG Academy
33 plays -
This chapter discusses the money supply process by the central bank. In most countries, the short-term interest rate is used as the instrument of monetary policy. There…
Money Supply and the Role of the Central Bank
From SDG Academy
18 plays -
Inflation, the Fiscal Budget, and Seigniorage 10 of 16
Inflation, the Fiscal Budget, and Seigniorage
This chapter discusses inflation, unemployment, and stabilization. It begins with the example of hyperinflation in Zimbabwe in the late 2000s, and provides other real…Inflation, the Fiscal Budget, and Seigniorage
From SDG Academy
23 plays -
In this chapter, Professor Larraín talks about the sources of economic growth and Solow's growth accounting framework. Solow’s framework says that…
Sources of Economic Growth
From SDG Academy
22 plays -
This chapter discusses the real exchange rate and the role of non-traded goods. The real exchange rate is a measure of a country’s competitiveness, defined through…
The Real Exchange Rate and the Role of Non-Traded…
From SDG Academy
19 plays -
This chapter focuses on several important topics for labor markets: the costs of unemployment, the effects of digitization on labor markets, informality, unemployment,…
Costs of Unemployment, Effects of Digitization on…
From SDG Academy
3 plays -
The chapter focuses on long term economic growth and begins with the growth experiences of Southeast Asia and Latin America. Professor Larraín introduces the Rule…
Economic Growth in History, Patterns, and Sectors
From SDG Academy
20 plays -
This chapter discusses the cost of inflation, through both expected and unexpected inflation. Inflation is a tax over the money balance that agents hold. Professor…
The Costs of Inflation
From SDG Academy
7 plays -
This chapter covers the labor market model. Professor Larraín begins with a real-world case, examining why the unemployment rate is so much higher in the Euro…
Labor Markets, Concepts, Definitions, and Groups
From SDG Academy
13 plays
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