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From SDG Academy on 27 August, 2019
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… -
From SDG Academy on 20 August, 2019
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.… -
From SDG Academy on 20 August, 2019
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… -
From SDG Academy on 20 August, 2019
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… -
From SDG Academy on 20 August, 2019
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,… -
From SDG Academy on 20 August, 2019
This chapter discusses inflation and unemployment, as well as problems of stabilization. There is a trade-off between inflation and unemployment. Professor… -
From SDG Academy on 20 August, 2019
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… -
From SDG Academy on 20 August, 2019
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… -
From SDG Academy on 20 August, 2019
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… -
From SDG Academy on 20 August, 2019
This chapter focuses on globalization and the interconnection of the evolving world economy. Globalization is a multi-dimensional process of goods and services,… -
From SDG Academy on 20 August, 2019
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… -
From SDG Academy on 20 August, 2019
In this chapter, Professor Larraín talks about poverty traps, growth traps, middle income traps and their causes. Poverty traps are restrictions that make… -
From SDG Academy on 20 August, 2019
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… -
From SDG Academy on 20 August, 2019
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… -
From SDG Academy on 20 August, 2019
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… -
From SDG Academy on 20 August, 2019
This chapter discusses inflation, unemployment, and stabilization. It begins with the example of hyperinflation in Zimbabwe in the late 2000s, and provides other real…