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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…
The Challenge of Sustainable Development
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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.…
Growth and Inequality
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This conversation with Professor Mariana Mazzucato, took place on April 26, 2021, as part of the Book Club with Jeffrey Sachs. They discussed Prof. Mazzucato's new…
Conversation with Mariana Mazzucato, Mission…
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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
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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,…
What is Globalization?
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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…
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This 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…
Aggregate Demand with Fixed Exchange Rate
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Join Professor Jeffrey Sachs and political scientist Lindsey O’Rourke as they discuss O’Rourke’s remarkable book, Covert Regime Change. US foreign…
Conversation with Lindsey O'Rourke, Covert…
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Join Professor Jeffrey Sachs and retired Air Force Command Chief Master Sergeant Dennis Fritz, a former Pentagon insider, as they explore the extremely important…
Conversation with Dennis Fritz, Deadly Betrayal
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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…
Inflation, Unemployment, and the Phillips Curve
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This 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…
Consumption, Saving, and the Intertemporal Budget…
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In 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…
Aggregate Demand with Flexible Exchange Rate
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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,…
Three Big Problems with Aggregate Demand…
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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…
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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
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This 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…
Output Determination in the IS-LM Model
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