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Economic Theories

There are 5 videos in this category and 0 videos in 0 subcategories.

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Ages: 14 - 18
1453 Views:
Game of Theories: Real Business Cycle
From YouTube, produced by Marginal Revolution University
So far in our business cycles deep dive, we’ve covered two of the four main theories: Keynesian and monetarist. Now, we’re going to move away from aggregate demand and monetary policy to check out the supply side of things in real business cycle (RBC... [more]
December 18, 2017 at 01:35 PM
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Not Right For WatchKnowLearn
Ages: 14 - 18
1187 Views:
Quantity Theory of Money
From YouTube, produced by Marginal Revolution University
The quantity theory of money is an important tool for thinking about issues in macroeconomics. The equation for the quantity theory of money is: M x V = P x Y What do the variables represent? M is fairly straightforward – it’s the money supply ... [more]
December 14, 2017 at 02:21 PM
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Ages: 14 - 18
1096 Views:
Game of Theories: The Austrians
From YouTube, produced by Marginal Revolution University
The Austrian school of economic thought emphasizes market price signals and how they communicate decentralized information in an economy. The Austrian business cycle theory focuses on how central banks can distort those price signals. When central ... [more]
December 18, 2017 at 01:37 PM
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Ages: 14 - 18
1088 Views:
Game of Theories: The Monetarists
From YouTube, produced by Marginal Revolution University
Meet the monetarists! This business cycle theory emphasizes the effect of the money supply and the central bank on the economy. Formulated by Nobel Laureate Milton Friedman, it’s a “Goldilocks” theory that argues for a steady rate of fairly low infla... [more]
December 18, 2017 at 01:31 PM
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Ages: 14 - 18
1035 Views:
Game of Theories: The Keynesians
From YouTube, produced by Marginal Revolution University
One point of contention among economists is the causes of business cycles and recessions. And if you disagree on the causes, chances are that you disagree on the solutions.In this video series, we’re going to explore some of the major business cycle ... [more]
December 18, 2017 at 01:27 PM
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