ECON 4560: Development Economics

School: Cornell University

Number of Notes and Study Guides Available: 0

Videos

Demystifying Assumptions: Economists' Key to Decoding Complex Markets

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Discover the pivotal role of assumptions in economics as we navigate the challenges of studying intricate market behaviors and human actions. Unveil how these simplifications foster comprehensive economic analyses and predictions.

Unraveling Economic Equations: From Price Level to Velocity of Money

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Discover how to calculate the price level and velocity of money using real-life data. Understand the relationship between money supply, GDP, and prices in the economy. Gain insights into the Federal Reserve's strategies for managing inflation and price stability.

Barter to Money: How Double-Coincidence of Wants Evolved Trade

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Explore the historical barter system and its challenges, particularly the double-coincidence of wants. Witness how the need for simpler transactions led societies from direct barter to embracing mediums of exchange like money.

Unpacking Long-Run Growth: The Pivotal Role of Rising Productivity

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Unravel the complexities of long-run economic growth and its driving factors. Discover why rising productivity stands out as the cornerstone of sustainable economic expansion. Understand the role of various elements in shaping a nation's economic trajectory.

Lags in Monetary and Fiscal Policy Impact on Aggregate Demand

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This video explores the causes of lags in the impact of monetary and fiscal policy on aggregate demand, drawing analogies to recognizing seasonal changes, adjusting cooking temperatures, and waiting for planted seeds to grow, and discusses the implications of these lags for the debate between active and passive economic policy approaches.

Market Economy Pros & Cons: Balancing Benefits with Shortcomings.

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Discover the intricate workings of a market economy, highlighting its notable advantages such as efficiency and innovation, and addressing the critical challenges like income inequality and market failures. Understand the balance between market and non-market elements in global economic systems.