Search for tag: "macroeconomics"
Macroeconomic Context of Diminishing Returns to LaborThis 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
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Structural Shifts in Economies and WorkIn 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
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Policy Responses: Savings, Spending, Public Debt, and EarmarkingIn 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
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Currency CrisesThis 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
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The Full-Employment EconomyThe “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
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Partial-Employment EconomyIn 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
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21st Century Perspectives on MacroeconomicsIn 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
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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
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Macroeconomic PathologiesIn 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
49 plays
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Introduction to MacroeconomicsIn 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
134 plays
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