This lesson provides an analysis of the federal reserve balance sheet as of February 2007. [Banking, Money, Finance playlist: Lesson 21 of 24]
This lesson discusses how open market operations effect the rate at which banks lend to each other overnight. [Banking, Money, Finance playlist: Lesson 14 of 24]
This lesson talks about how money is created in a fractional reserve banking system. [Banking, Money, Finance playlist: Lesson 4 of 24]
This lesson discusses the idea of a reserve bank. [Banking, Money, Finance playlist: Lesson 11 of 24]
This lesson discusses the mechnics of repurchase agreements, reposession transactions and loans. [Banking, Money, Finance playlist: Lesson 20 of 24]
This lesson discusses the discount rate and window and the concept of lender of last resort. [Banking, Money, Finance playlist: Lesson 19 of 24]
The purpose of this course is to provide the student with a fundamental understanding of the principles of macroeconomics. Macroeconomists study how a country's economy works and try to determine the best choices to improve the overall wellbeing of a nation. Typical topics include inflation (the overall level of prices), employment, fiscal policy (government taxing and spending), and money and banking (interest rates and lending policies). By studying macroeconomics and understanding the critical ideas and tools used to measure economic data, the student will have a better perspective on the issues and problems discussed in contemporary economics. Upon successful completion of this course, the student will be able to: Discuss key macroeconomic concerns, including national income accounting, saving and investment, and market forces; Describe the determinants of total output and the ways to measure nominal Gross Domestic Product (GDP) as well as real GDP; Compare and contrast definitions of total employment and unemployment, the three forms of unemployment, and inflation; Explain different ways of computing the general movement in prices, and define the relationship between inflation and unemployment; Explain the model of aggregate demand and aggregate supply; Analyze the government's role in the economy and examine how it uses its fiscal policy and monetary policy to influence macroeconomic variables in order to enable macro and micro economic stability; Describe the mechanics of money supply in detail. They will specifically be able to identify different types of money; explain the money creation process, the money multiplier, and the process of interest rate determination; and discuss the role of the Federal Reserve System and its tools of monetary policy; Identify and analyze major theories of economic growth; Analyze various strategies for developing of less-developed nations; Present the concepts behind international trade. (Economics 102; See also: Business Administration 201)
Provides an overview of macroeconomic issues: the determination of output, employment, unemployment, interest rates, and inflation. Monetary and fiscal policies are discussed. Important current policy debates such as social security, the public debt, and international economic issues are critically explored. Introduces basic models of macroeconomics and illustrates principles with the experience of the US and foreign economies.
