1. GDP
What Is Gross Domestic Product (GDP)?
Nominal vs. Real GDP
Real GDP Per Capita and the Standard of Living
Splitting GDP
2. The Wealth of Nations and Economic Growth
Basic Facts of Wealth
Growth Rates Are Crucial
An Orgy of Innovation
Growth Miracles and Growth Disasters
The Importance of Institutions
Geography and Economic Growth
The Puzzle of Growth
3. Growth, Capital Accumulation, and the Economics of Ideas
Introduction to the Solow Model
Physical Capital and Diminishing Returns
The Solow Model and the Steady State
Office Hours: The Solow Model
Human Capital and Conditional Convergence
The Solow Model and Ideas
Office Hours: The Solow Model: Investments vs. Ideas
The Economics of Ideas
Patents, Prizes, and Subsidies
The Idea Equation
TED Talk: How Ideas Trump Crises
4. Savings, Investment, and the Financial System
Saving and Borrowing
What Do Banks Do?
Intro to Stock Markets
Intro to the Bond Market
Office Hours: The Bond Market
Four Reasons Financial Intermediaries Fail
The Great Recession
5. Personal Finance
How Expert Are Expert Stock Pickers?
Can You Beat the Market?
Investing: Why You Should Diversify
Who Is More Rational? You or the Market?
Econ Duel: Rent or Buy?
6. Unemployment and Labor Force Participation
The Economics of Choosing the Right Career
Defining the Unemployment Rate
Is Unemployment Undercounted?
Frictional Unemployment
Structural Unemployment
Cyclical Unemployment
Labor Force Participation
Taxing Work
Women Working: What’s the Pill Got to Do With It?
7. Inflation and Quantity Theory of Money
Zimbabwe and Hyperinflation: Who Wants to Be a Trillionaire?
Measuring Inflation
Quantity Theory of Money
Causes of Inflation
Costs of Inflation: Price Confusion and Money Illusion
Costs of Inflation: Financial Intermediation Failure
Office Hours: Costs of Inflation
Why Governments Create Inflation
8. Business Fluctuations
Intro to Business Fluctuations
The Aggregate Demand Curve
The Long-Run Aggregate Supply Curve
Sticky Wages
The Short-Run Aggregate Supply Curve
Changes in Velocity
Understanding the Great Depression
Office Hours: Using the AD-AS Model
Office Hours: Multiple Shocks with the AD-AS Model
9. Business Cycle Theories
Game of Theories: The Keynesians
Game of Theories: The Monetarists
Game of Theories: Real Business Cycle
Game of Theories: The Austrians
Game of Theories: The Great Recession
10. Monetary Policy and the Federal Reserve
Monetary Policy and the Fed
The U.S. Money Supplies
The Money Multiplier
How the Fed Worked: Before the Great Recession
How the Fed Works: After the Great Recession
The Federal Reserve as Lender of Last Resort
Monetary Policy: The Best Case Scenario
Monetary Policy: The Negative Real Shock Dilemma
When the Fed Does Too Much
11. Fiscal Policy
Introduction to Fiscal Policy
Fiscal Policy: The Best Case Scenario
The Limits of Fiscal Policy
The Dangers of Fiscal Policy
Fiscal Policy and Crowding Out
