M - SDG Academy Library

The Challenge of Sustainable Development

duration 13 minutes 56 seconds

The Challenge of Sustainable Development

991 plays

This chapter serves as a conclusion to the course Macroeconomics for a Sustainable Planet. In this final video, Professor Sachs talks about the environmental challenges…

Growth and Inequality

duration 6 minutes 17 seconds

Growth and Inequality

From SDG Academy

683 plays

This chapter focuses on growth and inequality, and more specifically, the Kuznets Curve, in order to show the relationship between income per capita and inequality.…

Solow's Growth Convergence Model

duration 14 minutes 9 seconds

Solow's Growth Convergence Model

From SDG Academy

493 plays

In this chapter, Professor Larraín explains Solow's Growth Behavioral Model. He explains terms such as capital stock, investment, marginal productivity of…

What is Globalization?

duration 15 minutes 19 seconds

What is Globalization?

From SDG Academy

914 plays

This chapter focuses on globalization and the interconnection of the evolving world economy. Globalization is a multi-dimensional process of goods and services,…

Monetary Policy Under Fixed and Floating Exchange…

duration 7 minutes 33 seconds

Monetary Policy Under Fixed and Floating Exchange…

Monetary Policy Under Fixed and Floating Exchange Rates

From SDG Academy

250 plays

This chapter discusses monetary policy, and focuses on the difference between fixed and floating exchange rates. It begins by explaining the role that a central bank…

Inflation, Unemployment, and the Phillips Curve

duration 11 minutes 27 seconds

Inflation, Unemployment, and the Phillips Curve

From SDG Academy

124 plays

This chapter discusses inflation and unemployment, as well as problems of stabilization. There is a trade-off between inflation and unemployment. Professor…

Aggregate Demand with Fixed Exchange Rate

duration 13 minutes 29 seconds

Aggregate Demand with Fixed Exchange Rate

From SDG Academy

111 plays

This chapter begins by explaining the impact of aggregate demand in an open economy, via fixed and flexible exchange rates. In a fixed or pegged exchange rate, the…

Consumption, Saving, and the Intertemporal Budget…

duration 19 minutes 29 seconds

Consumption, Saving, and the Intertemporal Budget…

Consumption, Saving, and the Intertemporal Budget Constraint

From SDG Academy

117 plays

This chapter focuses on saving and investment, which are the main drivers of capital accumulation. By building up the stock of capital, the economy becomes more…

Aggregate Demand with Flexible Exchange Rate

duration 15 minutes 37 seconds

Aggregate Demand with Flexible Exchange Rate

From SDG Academy

67 plays

In this chapter, Professor Sachs discusses international trade and how it is affected by the exchange rate, which is in turn affected by financial flows and the…

Three Big Problems with Aggregate Demand…

duration 7 minutes 58 seconds

Three Big Problems with Aggregate Demand…

Three Big Problems with Aggregate Demand Management

From SDG Academy

32 plays

This chapter mentions three problems with stimulus policies. First, it may not be so easy to raise aggregate demand using the specific policy tools that government has,…

Interactions Between the Public and Private…

duration 6 minutes 59 seconds

Interactions Between the Public and Private…

Interactions Between the Public and Private Sectors

From SDG Academy

41 plays

This chapter discusses interactions between the public and private sectors through the role of pressure groups, who push the government in the direction of higher…

Output Determination in the IS-LM Model

duration 17 minutes 25 seconds

Output Determination in the IS-LM Model

From SDG Academy

44 plays

This chapter explains the IS-LM model of John Hicks to understand aggregate demand management. Assuming that wages are sticky and that the price that the business…

Introduction to Macroeconomics

duration 13 minutes 41 seconds

Introduction to Macroeconomics

From SDG Academy

133 plays

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

GDP and Well-Being

duration 16 minutes 51 seconds

GDP and Well-Being

From SDG Academy

64 plays

In this chapter, Professor Sachs talks about how gross domestic product (GDP) per person, as a rough measure of living standards and well-being, is increasingly being…

"Money vs. Barter" History and Concepts

duration 10 minutes 51 seconds

"Money vs. Barter" History and Concepts

From SDG Academy

30 plays

This module covers money and central banking, and looks at how a barter economy differs from a monetary economy. The financial crisis of 2008 is explained in order to…

PPP and Interest Rate Arbitrage

duration 12 minutes 46 seconds

PPP and Interest Rate Arbitrage

From SDG Academy

28 plays

This chapter focuses on the purchasing power parity (PPP) and the interest rate arbitrage. Professor Larraín begins by explaining the law of one price, which…

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