Lecture 1: Introduction to 14.02 Principles of Macroeconomics

MIT 14.02 Principles of Macroeconomics, Spring 2023
Instructor: Ricardo J. Caballero
View the complete course: ocw.mit.edu/courses/14-02-pri...
KZbin Playlist: • MIT 14.02 Principles o...
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 KZbin 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.

[@mitocw]

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/ KZbin Playlist: kzbin.info/aero/PLUl4u3cNGP62EXoZ4B3_Ob7lRRwpGQxkb 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 KZbin 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.

[@atallafet]

broken link?

[@ujjwalparashar3256]

What are the recommended textbooks for this course, if any?

[@user-mf8ld7rv9p]

hi, problem set 3 Q 1 solutions are missing.

[@kerlostube]

@@ujjwalparashar3256 Oliver Blanchard, Macroeconomics

[@naveenbhardwaj3462]

Dear MIT, Thanks a lot for Uploading the Macroeconomics Course. Great Contribution towards students, who can't afford Quality Education.

[@Specter45909]

Thanks MIT, I have been looking for this course for a while now.

[@LungteNangram]

Thank u MIT for this. I'll be grateful for a free course in Econometrics 😁

[@Mvobrito]

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!

[@randomdude7384]

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.

[@Shubham_Chaudhary]

Been waiting for this for a while. Thank you!

[@NRIAjay]

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.

[@ShubhamSinghYoutube]

I'm a young adult and I'm here :)

[@ujjwalparashar3256]

​@@ShubhamSinghKZbin+1. I'm amazed at the sheer range of knowledge we can access on KZbin. Can't be more grateful

[@Happyduderawr]

Most of the undergraduates that at MIT are young adults. I guess that's around 10,000 counterexamples right there.

[@arzthaus]

Ok boomer.

[@MFonEarth]

Buddy no one want to listen to a guy talk about macroeconomics for half an hour. I'm begrudgingly here

[@jonathangrant7788]

Thank you! The microeconomics course was so good so I have high hopes ❤

[@mdasikurrahman7820]

Will you get A+ in macroeconimics

[@ArockiaPraveen-qi3rw]

please continue this topic ,thanks

[@forheuristiclifeksh7836]

I love it

[@umehmoses8118]

Wonderful

[@TheChangeYT]

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?

[@kashmirihandicrafts5659]

I was waiting for this!!

[@ricardocontreras]

Thanks MIT!

[@Nikkkhil_.1310]

A lecture that I don’t want to stop and that’s even shocking to me

[@ASIOLXVI]

Great knowledge great power 😅 come great responsibility

[@meetprajapati2868]

Pranam Guruji 🙏

[@user-mf8ld7rv9p]

yeeeees! thank you so much MIT!

[@Azoun83]

+1 for Beamer usage!!

[@forheuristiclifeksh7836]

19:26 Payroll surprise

[@marybuford9591]

Yay 4 closed captions

[@phantommrinalmusk3685]

Thankyou MIT. Please upload all the lectures 🎉

[@mitocw]

Here's the playlist of all the videos we have recorded for 14.02: kzbin.info/aero/PLUl4u3cNGP62EXoZ4B3_Ob7lRRwpGQxkb. Best wishes on your studies!

[@guillermorocha6661]

Economics will allow you to optimize the use of resources.

[@nanobruh]

Not true

[@matroxman11]

Haven’t listened to a macro lecture since high school let’s go

[@gitaputri5517]

🔥🔥🔥🔥🔥🔥

[@user-mf8ld7rv9p]

problem set 2 Q1 (b) 4 I couldn't understand this explanation. Can anybody help me? "so consumption falls exactly ... increased." why exactly?

[@user-mf8ld7rv9p]

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.

[@user-mf8ld7rv9p]

Problem set 5 Q4 4(b) solution says y_t=k_t^alpha, why?

[@rizkivicena]

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?

[@yuni360]

The Ph.D. course available elsewhere?

[@jeanpaulgranadosramirez4546]

now an advanced macroeconomics course please

[@smitdasadia847]

Is this an updated course on macroeconomics?

[@mitocw]

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!

[@Mistertunk]

Increased wages don't cause inflation, that's been disproven. Correlation doesn't equate causation.

[@CaesarMonzaro123]

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?

[@everythingunderthesun9122]

Hayekians register your presence here!

[@System.Error.]

divine coincidence

[@rezarahadian552]

The lecturer sounds like an italian ..But still insightful anyway👍👍👍

[@matiasramirez9507]

He's from Chile

[@olovram]

Spot the bigot

[@SocialThesis]

Would’ve been real useful a year ago lol

[@hrviumhrvarium74]

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]

Why are you saying this?

[@hrviumhrvarium74]

@@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.

[@fuji_films]

@@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.

[@hrviumhrvarium74]

@@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.

[@fuji_films]

@@hrviumhrvarium74 I agree. Thanks for the tip, btw.