These videos are from the SDG Academy course Macroeconomics for a Sustainable Planet, first launched in 2017 and taught by Columbia University Professor Jeffrey Sachs and former Chilean Minister of Finance Felipe Larraín.
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991 playsThis chapter serves as a conclusion to the course Macroeconomics for a Sustainable Planet. In this final video, Professor Sachs talks about the environmental challenges… -
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683 playsThis chapter focuses on growth and inequality, and more specifically, the Kuznets Curve, in order to show the relationship between income per capita and inequality.… -
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493 playsIn this chapter, Professor Larraín explains Solow's Growth Behavioral Model. He explains terms such as capital stock, investment, marginal productivity of… -
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914 playsThis chapter focuses on globalization and the interconnection of the evolving world economy. Globalization is a multi-dimensional process of goods and services,… -
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250 playsThis 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… -
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124 playsThis chapter discusses inflation and unemployment, as well as problems of stabilization. There is a trade-off between inflation and unemployment. Professor… -
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111 playsThis chapter begins by explaining the impact of aggregate demand in an open economy, via fixed and flexible exchange rates. In a fixed or pegged exchange rate, the… -
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117 playsThis chapter focuses on saving and investment, which are the main drivers of capital accumulation. By building up the stock of capital, the economy becomes more… -
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67 playsIn this chapter, Professor Sachs discusses international trade and how it is affected by the exchange rate, which is in turn affected by financial flows and the… -
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32 playsThis chapter mentions three problems with stimulus policies. First, it may not be so easy to raise aggregate demand using the specific policy tools that government has,… -
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41 playsThis chapter discusses interactions between the public and private sectors through the role of pressure groups, who push the government in the direction of higher… -
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44 playsThis chapter explains the IS-LM model of John Hicks to understand aggregate demand management. Assuming that wages are sticky and that the price that the business… -
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133 playsIn this chapter, Professor Jeffrey Sachs introduces the course on macroeconomics for a sustainable planet, as well as his co-professor, Felipe Larraín,… -
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64 playsIn this chapter, Professor Sachs talks about how gross domestic product (GDP) per person, as a rough measure of living standards and well-being, is increasingly being… -
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30 playsThis 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… -
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28 playsThis chapter focuses on the purchasing power parity (PPP) and the interest rate arbitrage. Professor Larraín begins by explaining the law of one price, which…