Does the economy self-adjust? If so, what is the role for the government if the economy is not where we'd like it to be? This video takes a brief look at two different schools of economic thought.

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Short introduction into the study of macroeconomics and the four main macroeconomic goals.

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The video shows the panel Macroeconomic Management After a Financial Crisis at INET's Bretton Woods Conference on April 9, 2011. The speaker in this segment is Duncan Foley, Professor at the New School for Social Research. The other panelists are Richard Koo, Marco Seccareccia, Alan Taylor, Carmen Reinhart, and John Smithin.

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www.mindbites.com for a bundle of videos on Differences in the Long Run and Short Run. For an even broader bundle of videos that cover Differences in the Long Run and Short Run and the Aggregate Demand/Aggregate Supply Model, check out www.mindbites.com . To search for topic-specific help in our library of 250+ video products for Economics, please refer to our Economics category at: www.mindbites.com . To check out our full Economics video course, with 250+ videos included, refer to: www.mindbites.com . Or, for access to this single video, go to: www.mindbites.com .

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A quick, easy to follow explanation of the macroeconomic concept known as the liquidity trap. Whiteboard explanation begins at 1:50. ***Created for Macroeconomics with Rick Eichhorn at Coe College (Fall 2010)*** UPDATE: We got an A on our video. :)

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VOICE NARRATOR: From the symbols, we use the silver hexagon for any "physical capital", so it can represent a nation, or all nations. This is not much help for drawing maps, perhaps, but we can use them to show connections, such as the United States and its largest trading partners. Each country's exports is another country's imports. To see the economic crisis, we must also look inside, at the macroeconomic connections. Let's do them one at a time. We will start with violet for all the people, called "households". And we'll use silver again, this time for all business firms. People apply their own energy in effort and labor. They get money in return, as wages and salaries. They spend the money on the goods and services that are produced by the businesses. This is the basic cycle of money that pays for work and products. Now, we'll use the red hexagon for all banks and finance. Households save some of the money. This must reduce consumer spending, but no worry, because the savings is used when businesses borrow it for capital investment, to expand the whole thing. We use the black "info" arrow for the debts. The loans and savings are paid back with interest. Finally, we'll use a different shade of violet to stand for government. Government collects taxes; and buys goods and services, hires employees, and makes transfers. It borrows money by selling bonds, which we will color blue. So these three prices are different interest rates. Now, government purchases of goods and <b>...</b>

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www.mindbites.com for full video. For a full video Economics course, you'll want to click through to www.mindbites.com Also be sure to check out www.mindbites.com for other video lessons on Economics topics and concepts.

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(www.abndigital.com) Eleni Giokos speaks with Gina Schoeman, Lead Economist on SA, Absa Capital, looking at: Consumer confidence and retail sales; Food inflation not feeding through to general inflation rate as yet.

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TheState of the Chinese Economy: Implications for China and the World This major USC US-China Institute conference examines the health and future of the Chinese economy and assesses China's economic ties with the US and others. *** Barry Naughton International Relations and Pacific Studies, University of California at San Diego Prof. Naughton has published extensively on the Chinese economy, with a focus on four interrelated areas: market transition; industry and technology; foreign trade; and Chinese political economy. His pioneering study of Chinese economic reform, Growing Out of the Plan: Chinese Economic Reform, 1978-1993 won the Masayoshi Ohira Memorial Prize. Naughton's most recent book is The Chinese Economy: Transitions and Growth, a comprehensive survey of the Chinese economy. Naughton publishes regular quarterly analyses of China's economic policy-making online at China Leadership Monitor. OFFICIAL WEBSITE: www.china.usc.edu FACEBOOK www.facebook.com

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The video shows the panel Macroeconomic Management After a Financial Crisis at INET's Bretton Woods Conference on April 9, 2011. The speaker in this segment is Richard Koo, Chief Economist at the Nomura Research Institute. The other panelists are Duncan Foley, Marco Seccareccia, Alan Taylor, Carmen Reinhart, and John Smithin.

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The video shows the panel Macroeconomic Management After a Financial Crisis at INET's Bretton Woods Conference on April 9, 2011. The speaker in this segment is Mario Seccareccia, Professor of Economics at the University of Ottawa. The other panelists are Duncan Foley, Richard Koo, Alan Taylor, Carmen Reinhart, and John Smithin.

INET New Economic Thinking Bretton Woods Mario Seccareccia ineteconomics

The video shows the panel Macroeconomic Management After a Financial Crisis at INET's Bretton Woods Conference on April 9, 2011. The speaker in this segment is Alan Taylor, Professor of Economics at the University of California. The other panelists are Duncan Foley, Richard Koo, Marco Seccareccia, Carmen Reinhart, and John Smithin.

INET New Economic Thinking Bretton Woods Alan Taylor ineteconomics

J. Bradford DeLong, Ph.D., discussed "Macroeconomic Policy When Bubbles Matter" at The University of Scranton's 24th annual Henry George Lecture on September 22, 2009. Dr. DeLong is a professor of economics at the University of California at Berkeley and former deputy assistant secretary of the US Treasury for economic policy in the Clinton administration. His talk focused on the causes of the recent burst of the housing "bubble" and efforts to stabilize the overall economy - what we have done, what we can do and how well the economic stimulus package is working. The University of Scranton's Henry George Lecture Series, hosted by the Economics and Finance Department at the University and the campus chapter of Omicron Delta Epsilon, is the preeminent public lecture series in economics in northeastern Pennsylvania.

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The video shows the panel Macroeconomic Management After a Financial Crisis at INET's Bretton Woods Conference on April 9, 2011. The speaker in this segment is Carmen Reinhart, Dennis Weatherstone Senior Fellow at the Peterson Institute for International Economics. The other panelists are Duncan Foley, Richard Koo, Marco Seccareccia, Alan Taylor, and John Smithin.

INET New Economic Thinking Bretton Woods Carmen Reinhart ineteconomics

Global Macroeconomic Development and Readjustment: with Jane Golley, Huw McKay, Yiping Huang, Guonan Ma & Ligang Song. This is the first session of China Update 2011, recorded on Tuesday 12 July 2011 at The Australian National University. The Australian National University is proud to host the strongest concentration of expertise on China in the world (outside of China). The annual China Update conference is hosted by the Rio Tinto - ANU China Partnership and supported each year by AusAID.

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Robert J. Barro, Ph.D delivers an address called "Macroeconomic Disasters since 1870 at The University of Scrantons 23rd annual Henry George Lecture on September 30, 2008. Dr. Barro, the Paul M. Warburg Professor of Economics at Harvard University, is a renowned economist who has written extensively on macroeconomics and economic growth. His most recent research focuses on the interplay between religion and political economy and the impact of rare disasters on asset markets

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The video shows the panel Macroeconomic Management After a Financial Crisis at INET's Bretton Woods Conference on April 9, 2011. The speaker in this segment is John Smithin, Professor of Economics at York University. The other panelists are Duncan Foley, Richard Koo, Marco Seccareccia, Alan Taylor, and Carmen Reinhart.

INET New Economic Thinking Bretton Woods John Smithin ineteconomics

Participants: Stanley Fischer, Tommaso Padoa-Schioppa, Jose De Gregorio Moderator: Assaf Razin "New Developments in the Analysis of Monetary Policy and Institutions" A Conference in honor of Alex Cukierman's Life-Long Contribution to Macroeconomics December 15 th -16 th, 2005

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The video shows the discussion following the panel Macroeconomic Management After a Financial Crisis at INET's Bretton Woods Conference on April 9, 2011.

INET New Economic Thinking Bretton Woods ineteconomics

Michael Brandl is an economist at the McCombs School of Business at the University of Texas at Austin. Brandl releases periodic columns and videos about current macro economic topics to former students. To sign up to be included visit www.mccombs.utexas.edu

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In a rare debate at the IMF/WB Fall meetings, CEPR Co-Director Mark Weisbrot debates Petya Koeva Brooks, Chief of the World Economic Studies Division at the IMF. In this unique and perhaps unprecedented event, the two economists debate whether IMF policies are appropriate for the current global economic recovery. The debate covers a broad range of countries and issues, including pro-cyclical policies in various countries (eg Spain, Greece, Latvia, and other European countries); the feasibility of central bank financing of additional stimulus spending; the risks of premature fiscal consolidation; the particular problems of low-and-middle income countries facing foreign exchange constraints; and other issues raised in the IMF's October World Economic Outlook. The video includes presentations by both economists as well as extensive back and forth between them on these crucial issues.

Mark Weisbrot CEPR IMF Petya Koeva World Economic Outlook WEO World Bank Europe Economy Macroeconomics Latvia Greece Spain Portugal Ireland

As part of the IMF/WB Fall meetings, CEPR Co-Director Mark Weisbrot debated Petya Koeva Brooks, chief of the World Economic Studies Division at the IMF. In this unique and perhaps unprecedented event, the two economists debated whether IMF policies are appropriate for the current global economic recovery. The debate covered a broad range of countries and issues, including pro-cyclical policies in various countries (eg Spain, Greece, Latvia, and other European countries); the feasibility of central bank financing of additional stimulus spending; the risks of premature fiscal consolidation; the particular problems of low-and-middle income countries facing foreign exchange constraints; and other issues raised in the IMF's October World Economic Outlook. The videos below include presentations by both economists as well as extensive back and forth between them on these crucial issues. Deborah James, director of international programs at CEPR, moderated.

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(www.abndigital.com) Stephen Gunnion speaks with Gina Schoeman, Lead SA Economist at Absa Capital, looking at some of the economic releases out this week.

Macroeconomic Update Gina Schoeman Absa Capital abndigital

2010 China Update: Session 02 on Macroeconomic Development with Wing Thye Woo, Ligang Song, Xin Meng & Rod Tyers. China Update 2010: The next 20 years of economic reform and development The China Update is hosted by the Rio Tinto -- ANU China Partnership, between the China Economy Program in the Crawford School and Rio Tinto Australia. The China Economy Program is Chaired by Professor Ross Garnaut and Directed by Dr Ligang Song. The China Update is an annual event at which world leading experts present the latest research on the Chinese economy. Each year, the latest edition of the China Update Book Series is released the day before the conference. The 2010 edition will be the 9th book in the series and the 5th published by ANU E Press. In 2007 the Brookings Institution, Washington DC, began to partner in this series and co-publish the book and the Social Sciences Academic Press (SSAP) of the China Academy of Social Sciences (CASS) began to translate the series into Chinese (Mandarin). ANU has the largest concentration of expertise on China in the world (outside of China), and the annual China Update is the cornerstone event on China each year.

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Summary of macroeconomic events in 2008 and 2009 with the emphasis on whether or not government policy works. Also, comments on economists and policy advocates.

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In part 2 of INET's interview with John Kay, he says that unlike with the solar system, it's impossible to know all the laws and principles that govern economic systems

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(www.abndigital.com) The macroeconomic environment facing South Africans, through interest rates, exchange rates, inflation, and credit conditions, can be destabilised by international shocks. The macroeconomic policy task is to provide a stable and predictable economic environment by offsetting such shocks as far as possible. Monetary policy, designed to target inflation, has been conducted successfully by the South African Reserve Bank, achieving the current low rate of inflation and interest rates.

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