Search for tag: "macroeconomics"

Macroeconomic Context of Diminishing Returns to Labor

This video will discuss the macroeconomic or society-wide implications of this ongoing technological change that has had such differential impacts on lesser skilled and lower educated workers and on…

From  SDG Academy 6 plays

Structural Shifts in Economies and Work

In this video, Jeffrey Sachs will continue the discussion about the transformation of work and the transitions that are underway because of the digital revolution that is changing the nature of our…

From  SDG Academy 10 plays

Policy Responses: Savings, Spending, Public Debt, and Earmarking

In this chapter, Dr. Mohammed Amin Adam discusses policy responses to the challenges of extractive resources revenues. He outlines policy responses to address the issues that arise, including optimal…

From  SDG Academy 20 plays

Currency Crises

This chapter focuses on what is behind a currency crisis, which is when the exchange rate depreciates and the local currency loses values. There are three types of models that explain the reason for…

From  SDG Academy 6 plays

The Full-Employment Economy

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 earning, how many people are…

From  SDG Academy 18 plays

Partial-Employment Economy

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 that are responsible for…

From  SDG Academy 31 plays

21st Century Perspectives on Macroeconomics

In this chapter, Professor Jeffrey Sachs provides an overview of different perspectives on macroeconomics. First, the interdependence and openness characteristics of a macroeconomy are a core feature…

From  SDG Academy 17 plays

International Comparisons of Income (PPP)

One of the challenges that faces macroeconomists is comparing the gross domestic product across countries. Using a numerical illustration of the Purchasing Power Parity (PPP), which is the concept of…

From  SDG Academy 15 plays

Macroeconomic Pathologies

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 economy looks like. A healthy…

From  SDG Academy 40 plays

Introduction to Macroeconomics

In this chapter, Professor Jeffrey Sachs introduces the course on macroeconomics for a sustainable planet, as well as his co-professor, Felipe Larraín, Chile’s Finance Minister. Sachs…

From  SDG Academy 106 plays