Introduction to 14.02 Principles of Macroeconomics
29:30Basic Macroeconomic Concepts
41:21The Goods Market
49:13The Financial Market
52:15IS-LM Model
48:33IS-LM, continued
50:35An Extended IS-LM Model
48:37The Labor Market
49:34The Phillips Curve and Inflation
49:04The IS-LM-PC Model
49:28IS-LM-PC Model Continued
46:05The Facts of Growth
49:44Saving, Capital Accumulation, and Output
50:20Technological Progress and Growth
48:00Convergence and Cross-Country Variation
47:02Introduction to Open Economy
50:27The Goods Market in the Open Economy
48:17The Mundell-Fleming Model
49:03Exchange Rate Regimes
49:39Financial Markets and Expectations
49:49Convergence and Cross-Country Variation
The lecture explores the phenomena of economic convergence, where national economies tend to become more similar over time, and examines the persistent variations among different countries' economic performances.
MIT 14.02 Principles of Macroeconomics, Spring 2023