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13:56

The Challenge of Sustainable Development

From SDG Academy on 27 August, 2019

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This chapter serves as a conclusion to the course Macroeconomics for a Sustainable Planet. In this final video, Professor Sachs talks about the environmental challenges…

06:17

Growth and Inequality

From SDG Academy on 20 August, 2019

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This chapter focuses on growth and inequality, and more specifically, the Kuznets Curve, in order to show the relationship between income per capita and inequality.…

16:51

GDP and Well-Being

From SDG Academy on 20 August, 2019

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In 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…

12:07

Bubbles and Crashes

From SDG Academy on 20 August, 2019

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This chapter explains the financial bubble that occurs when a financial asset deviates from its fundamental value. In a financial bubble, there is a sudden price surge…

07:58

Three Big Problems with Aggregate Demand…

Three Big Problems with Aggregate Demand Management

From SDG Academy on 20 August, 2019

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This 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,…

11:27

Inflation, Unemployment, and the Phillips Curve

From SDG Academy on 20 August, 2019

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This chapter discusses inflation and unemployment, as well as problems of stabilization. There is a trade-off between inflation and unemployment. Professor…

15:33

The Basics of Aggregate Demand Management

From SDG Academy on 20 August, 2019

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This chapter talks about the role of government induced tools, such as actions by the central bank or actions in budget spending and tax decisions, towards a…

12:14

Focus on Business Cycles

From SDG Academy on 20 August, 2019

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This chapter discusses short-term contractions of the economy, or business cycles. It explains waves in business cycles, which are not regular, and explores their…

17:37

Partial-Employment Economy

From SDG Academy on 20 August, 2019

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In this chapter, Professor Sachs discusses an economy that is not fully employed, or an economy that is in an economic recession or depression. He explains the factors…

15:19

What is Globalization?

From SDG Academy on 20 August, 2019

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This chapter focuses on globalization and the interconnection of the evolving world economy. Globalization is a multi-dimensional process of goods and services,…

13:52

Macroeconomic Pathologies

From SDG Academy on 20 August, 2019

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In this chapter, Professor Sachs compares a macroeconomy to a human body, addresses what pathologies could afflict a macroeconomy, as well as addresses what a healthy…

11:31

Growth Traps

From SDG Academy on 20 August, 2019

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In this chapter, Professor Larraín talks about poverty traps, growth traps, middle income traps and their causes. Poverty traps are restrictions that make…

08:31

The Central Bank and New Approaches to Monetary…

The Central Bank and New Approaches to Monetary Policy

From SDG Academy on 20 August, 2019

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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…

12:46

PPP and Interest Rate Arbitrage

From SDG Academy on 20 August, 2019

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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…

18:10

The Full-Employment Economy

From SDG Academy on 20 August, 2019

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The “trick” of macroeconomics is to get economy-wide measures that are meaningful and that tell how much production is taking place, what workers are…

13:52

Inflation, the Fiscal Budget, and Seigniorage

From SDG Academy on 20 August, 2019

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This chapter discusses inflation, unemployment, and stabilization. It begins with the example of hyperinflation in Zimbabwe in the late 2000s, and provides other real…

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