Macroeconomics | Stephen Kinsella

{ Tag Archives } Macroeconomics

International Monetary Economics Lecture 2

This lecture builds on last week’s introduction to international monetary economics by introducing a basic macroeconomic framework based on national accounts, then moves on to contrast two ways of thinking about macroeconomic relationships–post-Keynesian and Neoclassical–and then finishes with the main workhorse model of monetary economics, IS-LM, which we extend slightly. Here are the lecture notes, [...]

Also tagged Add new tag, Business cycle, Economic, Finance, IS/LM model, Keynesian economics, New York, Social Sciences

2010 02 03 EC6012_2010 Comments (0)

How do we feed a city?

Just ahead of next week’s EC4004 jump into inequality and macroeconomics, here’s a great talk on the processes of actually feeding a city (ht: Tim Berry). Important bits from the talk:

We lose about 47 million acres of rainforest every year. And at the same time, we lose about 50 million acres of farm land to [...]

Also tagged Acre, Erosion, Food industry, International trade, Obesity, Rainforest, United States

2009 10 15 EC4004_2009 Comments (0)

Economics for Business Lecture 17

In the last few lectures, we’ve looked at growth theory and the stakes involved in getting the basics wrong. We saw the Solow model’s predictions about sustained capital accumulation (): keep population growth low, keep savings () and therefore investment() rather high, and try to curb depreciation on assets. Technical progress and human capital move [...]

Also tagged Economic, Economic growth, Exogenous growth model, General equilibrium, Gross domestic product, Model, Population growth

2008 11 14 EC4004 Comments (0)

Economics for Business Lecture 14

Last week we looked at the scope of macroeconomics, albeit quite briefly. This week we’ll get into some national accounts and growth questions. We’ll talk about the main questions in growth theory, motivate it with an example, and discuss the macroeconomic particulars a theory of growth and development has to explain. It’s always useful to [...]

Also tagged Economic, Economic growth, Gross domestic product, Health, National Accounts, Social Sciences, United States

2008 10 30 EC4004 Comments (0)

Notes to Self: Blanchard on the Future of Macroeconomics

Olivier Blanchard of MIT is one of the top macroeconomists in the world. When he write articles like this, it’s worth your time reading what he thinks.
Or, you could read what I think he thinks. Which may save time.
My summary. Macroeconomics is the study of fluctuations. Since the 1970’s there have been three approaches to [...]

Also tagged Bank of England, Daron Acemoglu, Economics, General equilibrium, International Monetary Fund, Joseph E. Stiglitz, Joseph Stiglitz, Keynesian economics, Massachusetts Institute of Technology, Olivier Blanchard, Private sector, Robert Lucas, United States

2008 09 11 Readings Comments (0)

Pedagogical Approaches to Theories of Endogenous versus Exogenous Money: Pluralism in Action?

Here’s the third of the `teaching’ papers series I’ve been writing recently. First, I was interested in exploring problem based learning in advanced monetary economics, then I fiddled about with software to get large classes to interact. In this paper, written for the workshop `Pluralism in economics: rethinking the teaching of economics’, October 18, 2008, City [...]

Also tagged City University, City University London, Economics, General equilibrium, London, Problem-based learning, University of Cambridge

2008 08 28 UL Comments (0)