MIT 14.02 Principles of Macroeconomics, Spring 2023 Instructor: Ricardo J. Caballero View the complete course: ocw.mit.edu/courses/14-02-principles-of-macroeconomics-spring-2023/ UA-cam Playlist: ua-cam.com/play/PLUl4u3cNGP62EXoZ4B3_Ob7lRRwpGQxkb.html This lecture covers an introduction to the topic of macroeconomics, which is the study of the behavior of an economy as a whole. The instructor also talks about the objectives of the course. License: Creative Commons BY-NC-SA More information at ocw.mit.edu/terms More courses at ocw.mit.edu Support OCW at ow.ly/a1If50zVRlQ We encourage constructive comments and discussion on OCW’s UA-cam and other social media channels. Personal attacks, hate speech, trolling, and inappropriate comments are not allowed and may be removed. More details at ocw.mit.edu/comments.
I took the microeconomics course 3 years ago and it literally changed how I see the world. I have been waiting for you to post the macroeconomics course since then!
I dont know why young adults are not interest in learning what is really needed in today's world. I have done my MBA yet but I am considering this and grateful to MIT for broadcasting such contents for free. Thank you MIT.
Thank you for posting the lectures! I’m not a native english speaker and use these to do both, improve my language and test my knowledge on economics. Very helpful💙
Dude I have an engineering background. I wanted learn about economics as a whole, just for the sake of knowledge. Can you recommend something to me. Where should I start from?
@ For practical background: - Read newspappers: Forbes, The Economist, Finánciale Times. For academic journals: - Read academic papers on: Jstor or Google Scholar For Textbooks - Principles of Economics by N. Gregory Mankiw - Freakonomics by Steven D. Levitt and Stephen J. Dubne There are plenty of materials and courses available, but for me, as someone who is more practical, I prefer to regularly read the news and analyze why certain phenomena are happening. For instance, I try to question and investigate why Wall Street fell or what happened with tax and inflation rates during COVID. However, if you're more focused on theory, I highly recommend looking into textbooks, academic journals, and specialized courses.
@@anuragiyer4664 14.01 (Principle Micro) and this 14.02 (Principle Macro) is a good start. It is required courses for MIT undergraduate in Econ concentration.
Thank you for this course. I will be returning to school in pursuit of an MBA in January. It has been nearly 15 years since I took macroeconomics. This is a welcome review
This is amazing! Do you know of another course or ressource with the same quality for a more current view of experts of macroeconomics / fiscal policy and finance?
Here's the playlist of all the videos we have recorded for 14.02: ua-cam.com/play/PLUl4u3cNGP62EXoZ4B3_Ob7lRRwpGQxkb.html. Best wishes on your studies!
I wish it were possible when citing (un)employment figures to include only private sector employment. Although it’s good that public/USG sector folks have jobs, the output of those jobs provides no additive value to GDP. So, in 2021-23 as many thousands of government jobs were created, it disingenuously depicted increased employment while frustrating the nation’s recovery from the effects of lockdowns by adding to the cost/size of government, the verticality of processes (inefficiency), and the morass of regulatory overreach.
problem set 1 Q1 1 says "code GDPC1, billions of chained 2012 dollars annual rate" , but what I found says "Billions of Chained 2017 Dollars". Is the table updated since then? If so, to the fellows: you will get different answers from solutions.
The less interest rate, means the more demand cause the people feel more "wealthier" and can borrow more. And for the company, it means a chance to earn more by providing more goods/services, and the cost of it will be lower since the interest for borrowing is decline. so it will employ more. Isn't it?
Depends at which interest rate you are beginning from ie sticky interest rate. Your explanation is what you would expect (theoretical) but the devil's in the detail.
Yes it absolutely does, and whoever showed you that statistic made it up like the other 60% on average that are wrong. Lemme guess Biden & his administration gave you that one?
Inflation is the RATE of increase of price, NOT the rise in and of itself. In modern economies you will RARELY ever have negative Inflation. Once prices go up they stay up.
Up to date, as of Spring 2023. See the course on MIT OpenCourseWare for more info at: ocw.mit.edu/courses/14-02-principles-of-macroeconomics-spring-2023/. Best wishes on your studies!
I don't know how to maths anymore and not only...I don't know how to use advanced maths anymore...and now some of you know why some of us cannot maths anymore...
macroeconomics is a bogus science. stop wasting your time. instead, do a major in maths/physics and then complete courses in microeconomics, corporate finance and accounting. thank me later.
@@fuji_films it's a joke bro. just study. but if you are choosing between microeconomics and macroeconomics, go study microeconomics. it's more exact and useful im career/life imo.
@@hrviumhrvarium74 Well, my intents were studying maths and applying it to macroeconomics. 😳😳 I really am into policy making and economical national security, that's why. But I see also why your point of view.
@@fuji_films if you are good at maths, go study maths. you wont regret it. it's the most supreme expression of human knowledge - abstract and infinitly applicable. maths/physics is superpower. you'll figure the rest along the way.
![Lp. Сердце Вселенной #60 РОЖДЕНИЕ ЛОЛОЛОШКИ [Финал] • Майнкрафт](http://i.ytimg.com/vi/YoR0pAV9FVQ/mqdefault.jpg)
MIT 14.02 Principles of Macroeconomics, Spring 2023
Instructor: Ricardo J. Caballero
View the complete course: ocw.mit.edu/courses/14-02-principles-of-macroeconomics-spring-2023/
UA-cam Playlist: ua-cam.com/play/PLUl4u3cNGP62EXoZ4B3_Ob7lRRwpGQxkb.html
This lecture covers an introduction to the topic of macroeconomics, which is the study of the behavior of an economy as a whole. The instructor also talks about the objectives of the course.
License: Creative Commons BY-NC-SA
More information at ocw.mit.edu/terms
More courses at ocw.mit.edu
Support OCW at ow.ly/a1If50zVRlQ
We encourage constructive comments and discussion on OCW’s UA-cam and other social media channels. Personal attacks, hate speech, trolling, and inappropriate comments are not allowed and may be removed. More details at ocw.mit.edu/comments.
broken link?
What are the recommended textbooks for this course, if any?
hi, problem set 3 Q 1 solutions are missing.
@@ujjwal_p3256 Oliver Blanchard, Macroeconomics
Thanks!
Dear MIT,
Thanks a lot for Uploading the Macroeconomics Course.
Great Contribution towards students, who can't afford Quality Education.
I took the microeconomics course 3 years ago and it literally changed how I see the world. I have been waiting for you to post the macroeconomics course since then!
I tried taking it; even though didn't understand much past the very first few lectures, it changed my world - and how I see the world - too.
@@Mvobrito Try reading some behavioral economics book, your world will turn upside down.
@@NangramLungtecan you recommend any?
Thank you MIT. This is a wonderful opportunity and experience you're providing to us ❤
I dont know why young adults are not interest in learning what is really needed in today's world. I have done my MBA yet but I am considering this and grateful to MIT for broadcasting such contents for free. Thank you MIT.
I'm a young adult and I'm here :)
@@ShubhamSinghUA-cam+1. I'm amazed at the sheer range of knowledge we can access on UA-cam. Can't be more grateful
Most of the undergraduates that at MIT are young adults. I guess that's around 10,000 counterexamples right there.
Ok boomer.
Boomer comment assuming young adults don’t wanna learn
Thanks MIT, I have been looking for this course for a while now.
Thank you MIT, yours microeconomics course is brilliant and now you have provided a brilliant macroeconomics course as well.
Thank u MIT for this. I'll be grateful for a free course in Econometrics 😁
Thank you for posting the lectures! I’m not a native english speaker and use these to do both, improve my language and test my knowledge on economics. Very helpful💙
This is so interesting, I study Economics and sometimes it’s refreshing to watch this lectures.
Dude I have an engineering background. I wanted learn about economics as a whole, just for the sake of knowledge. Can you recommend something to me. Where should I start from?
@ For practical background:
- Read newspappers: Forbes, The Economist, Finánciale Times.
For academic journals:
- Read academic papers on: Jstor or Google Scholar
For Textbooks
- Principles of Economics by N. Gregory Mankiw
- Freakonomics by Steven D. Levitt and Stephen J. Dubne
There are plenty of materials and courses available, but for me, as someone who is more practical, I prefer to regularly read the news and analyze why certain phenomena are happening. For instance, I try to question and investigate why Wall Street fell or what happened with tax and inflation rates during COVID. However, if you're more focused on theory, I highly recommend looking into textbooks, academic journals, and specialized courses.
@@anuragiyer4664 14.01 (Principle Micro) and this 14.02 (Principle Macro) is a good start. It is required courses for MIT undergraduate in Econ concentration.
Looks like a lot of fun. Can't wait to go trough all of the lectures. Thank you MIT!
Thank you guys very much for posting this course.
Muito obrigado por postar esse curso MIT, gratidão.
Thankyou MIT for making quality education reachable
Been waiting for this for a while. Thank you!
Thank you, MIT. I really hope in the future I can make a donation. ❤
Thank you for this course. I will be returning to school in pursuit of an MBA in January. It has been nearly 15 years since I took macroeconomics. This is a welcome review
❤
Thank you MIT for the lecture sessions
I am here on New Year's Eve watching these videos to be ahead of the curve when classes begin 2025. Thank you for sharing.
Thank you! The microeconomics course was so good so I have high hopes ❤
Will you get A+ in macroeconimics
Thanks to MIT.
Thanks for this free courses! 🙏🏿
Thank you MIT.
Love from Iran ❤️
As a seasoned crypto retail investor, thank you for putting out this class for free! ❤
Does this helps in trading
@@amirzebbadshah7281of course,it will help you understand how policies affect the market
Very well explained ❤️
Really such that class are so much helpful for Economics students. Thanks MIT.
please continue this topic ,thanks
Thanks for MIT upload this courses
Thanks MIT!
A lecture that I don’t want to stop and that’s even shocking to me
My sincere thanks for sharing it.
जय हिन्द, जय भारत, श्रेष्ठ भारत।
Thank u sir, thanku mit ❤
On the slide at 23:18, that shows forecasts of US recession probability, why is the fourth forecaster highlighted? The one with the label "GS".
Fantastic lecturer👍
I love it
This is amazing!
Do you know of another course or ressource with the same quality for a more current view of experts of macroeconomics / fiscal policy and finance?
I was waiting for this!!
Economics will allow you to optimize the use of resources.
Not true
Haven’t listened to a macro lecture since high school let’s go
Great knowledge great power 😅 come great responsibility
Fantastic content!
Thankyou MIT. Please upload all the lectures 🎉
Here's the playlist of all the videos we have recorded for 14.02: ua-cam.com/play/PLUl4u3cNGP62EXoZ4B3_Ob7lRRwpGQxkb.html. Best wishes on your studies!
Wonderful
I wish it were possible when citing (un)employment figures to include only private sector employment. Although it’s good that public/USG sector folks have jobs, the output of those jobs provides no additive value to GDP. So, in 2021-23 as many thousands of government jobs were created, it disingenuously depicted increased employment while frustrating the nation’s recovery from the effects of lockdowns by adding to the cost/size of government, the verticality of processes (inefficiency), and the morass of regulatory overreach.
19:26 Payroll surprise
+1 for Beamer usage!!
yeeeees! thank you so much MIT!
problem set 1 Q1 1 says "code GDPC1, billions of chained 2012 dollars annual rate" , but what I found says "Billions of Chained 2017 Dollars". Is the table updated since then? If so, to the fellows: you will get different answers from solutions.
The less interest rate, means the more demand cause the people feel more "wealthier" and can borrow more. And for the company, it means a chance to earn more by providing more goods/services, and the cost of it will be lower since the interest for borrowing is decline. so it will employ more. Isn't it?
Depends at which interest rate you are beginning from ie sticky interest rate. Your explanation is what you would expect (theoretical) but the devil's in the detail.
Yay 4 closed captions
Increased wages don't cause inflation, that's been disproven. Correlation doesn't equate causation.
Yes it absolutely does, and whoever showed you that statistic made it up like the other 60% on average that are wrong. Lemme guess Biden & his administration gave you that one?
Wages are increased because prices are increased. The root problem is the price.
Let us know what is the difference in your macro ( micro which one ) economics and the macro economics of Akley .
now an advanced macroeconomics course please
problem set 2 Q1 (b) 4 I couldn't understand this explanation. Can anybody help me? "so consumption falls exactly ... increased." why exactly?
🔥🔥🔥🔥🔥🔥
Problem set 5 Q4 4(b) solution says y_t=k_t^alpha, why?
- banyak baca dokumen IMF, financial times,economics
The Ph.D. course available elsewhere?
You ask too much dude 😂
Recently the White House has claimed low inflation without mentioning or justifying the high price of consumer goods. Why the reverse correlation?
Inflation is the RATE of increase of price, NOT the rise in and of itself. In modern economies you will RARELY ever have negative Inflation. Once prices go up they stay up.
Pranam Guruji 🙏
So much experiences
Is this an updated course on macroeconomics?
Up to date, as of Spring 2023. See the course on MIT OpenCourseWare for more info at: ocw.mit.edu/courses/14-02-principles-of-macroeconomics-spring-2023/. Best wishes on your studies!
I don't know how to maths anymore and not only...I don't know how to use advanced maths anymore...and now some of you know why some of us cannot maths anymore...
Hayekians register your presence here!
kampus top, trnyata "B" aja
It is puré science
I already knew the concepts you are talking about. Am I smarter??
divine coincidence
The lecturer sounds like an italian ..But still insightful anyway👍👍👍
He's from Chile
Spot the bigot
So, was there a recession during the filming of this course like he implicitly predicted?! Neoclassical economics is a joke.
Would’ve been real useful a year ago lol
Does this course is help in crypto trading
Students giving dumb answers. Wish I was in that class
Tennis shoes-$150. 😳 why should shoes you wear everyday cost $150.
macroeconomics is a bogus science. stop wasting your time. instead, do a major in maths/physics and then complete courses in microeconomics, corporate finance and accounting. thank me later.
Why are you saying this?
@@fuji_films it's a joke bro. just study. but if you are choosing between microeconomics and macroeconomics, go study microeconomics. it's more exact and useful im career/life imo.
@@hrviumhrvarium74 Well, my intents were studying maths and applying it to macroeconomics. 😳😳
I really am into policy making and economical national security, that's why. But I see also why your point of view.
@@fuji_films if you are good at maths, go study maths. you wont regret it. it's the most supreme expression of human knowledge - abstract and infinitly applicable. maths/physics is superpower. you'll figure the rest along the way.
@@hrviumhrvarium74 I agree. Thanks for the tip, btw.
I can't listen such an aweful English pronunciation 🧟🧟🧟