Lecture 1: Introduction to 14.02 Principles of Macroeconomics

[@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?

[@ujjwal_p3256]

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

[@田中太郎-t6z8d]

hi, problem set 3 Q 1 solutions are missing.

[@kerlostube]

@@ujjwal_p3256 Oliver Blanchard, Macroeconomics

[@oscarpolonio]

Thanks!

[@naveenbhardwaj3462]

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

[@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.

[@NangramLungte]

@@Mvobrito Try reading some behavioral economics book, your world will turn upside down.

[@vja-m5h]

@@NangramLungtecan you recommend any?

[@Specter45909]

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

[@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 :)

[@ujjwal_p3256]

​@@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.

[@funkymonk5344]

Boomer comment assuming young adults don’t wanna learn

[@al_gc1703]

This is so interesting, I study Economics and sometimes it’s refreshing to watch this lectures.

[@LungteNangram]

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

[@adarshpandey8023]

Thank you MIT, yours microeconomics course is brilliant and now you have provided a brilliant macroeconomics course as well.

[@HReiss0]

Thank you guys very much for posting this course. Muito obrigado por postar esse curso MIT, gratidão.

[@arhumnaeem6783]

Thankyou MIT for making quality education reachable

[@Shubham_Chaudhary]

Been waiting for this for a while. Thank you!

[@aeaw3774]

Thank you for posting the lectures! I’m not a native english speaker and use these to do both, improve my language and test my knowledge on economics. Very helpful💙

[@jonathangrant7788]

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

[@mdasikurrahman7820]

Will you get A+ in macroeconimics

[@Akerfeldt77]

Thank you for this course. I will be returning to school in pursuit of an MBA in January. It has been nearly 15 years since I took macroeconomics. This is a welcome review

[@1985snx]

❤

[@FuzzyLogic-d4w]

Thank you MIT. Love from Iran ❤️

[@sreenii5445]

Thank you MIT for the lecture sessions

[@dhananjayPaswan-rw6qq]

Thanks for MIT upload this courses

[@Sonjoybarua-h3x]

Really such that class are so much helpful for Economics students. Thanks MIT.

[@boeingpameesha9550]

My sincere thanks for sharing it. जय हिन्द, जय भारत, श्रेष्ठ भारत।

[@parrampampam]

On the slide at 23:18, that shows forecasts of US recession probability, why is the fourth forecaster highlighted? The one with the label "GS".

[@ArockiaPraveen-qi3rw]

please continue this topic ,thanks

[@GalutiaFamilyChannel]

As a seasoned crypto retail investor, thank you for putting out this class for free! ❤

[@amirzebbadshah7281]

Does this helps in trading

[@周笑卓]

@@amirzebbadshah7281of course,it will help you understand how policies affect the market

[@SphereofTime]

I love it

[@ZeroTwoTwoFive]

Fantastic lecturer👍

[@MathChem_Academy]

Thanks for this free courses! 🙏🏿

[@jonesdavis8474]

Thank u sir, thanku mit ❤

[@malgorzata.mrugala]

Fantastic content!

[@Nikkkhil_.1310]

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

[@ricardocontreras]

Thanks MIT!

[@umehmoses8118]

Wonderful

[@matroxman11]

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

[@kashmirihandicrafts5659]

I was waiting for this!!

[@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?

[@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!

[@ASIOLXVI]

Great knowledge great power 😅 come great responsibility

[@guillermorocha6661]

Economics will allow you to optimize the use of resources.

[@nanobruh]

Not true

[@Azoun83]

+1 for Beamer usage!!

[@SphereofTime]

19:26 Payroll surprise

[@marybuford9591]

Yay 4 closed captions

[@田中太郎-t6z8d]

yeeeees! thank you so much MIT!

[@田中太郎-t6z8d]

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.

[@田中太郎-t6z8d]

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

[@jeanpaulgranadosramirez4546]

now an advanced macroeconomics course please

[@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?

[@bradymengel2473]

Wages are increased because prices are increased. The root problem is the price.

[@meetprajapati2868]

Pranam Guruji 🙏

[@田中太郎-t6z8d]

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?

[@sethhhh]

- banyak baca dokumen IMF, financial times,economics

[@essakhan-oh2vh]

Let us know what is the difference in your macro ( micro which one ) economics and the macro economics of Akley .

[@relaxation-connection]

Recently the White House has claimed low inflation without mentioning or justifying the high price of consumer goods. Why the reverse correlation?

[@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!

[@gitaputri5517]

🔥🔥🔥🔥🔥🔥

[@yuni360]

The Ph.D. course available elsewhere?

[@funkymonk5344]

You ask too much dude 😂

[@aliciagonzalezvera2666]

It is puré science

[@everythingunderthesun9122]

Hayekians register your presence here!

[@kanhaiyalalrarotiya2396]

I already knew the concepts you are talking about. Am I smarter??

[@System.Error.]

divine coincidence

[@rezarahadian552]

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

[@matiasramirez9507]

He's from Chile

[@olovram]

Spot the bigot

[@AndreeaCe]

I don't know how to maths anymore and not only...I don't know how to use advanced maths anymore...and now some of you know why some of us cannot maths anymore...

[@daimmsh79]

Does this course is help in crypto trading

[@SocialThesis]

Would’ve been real useful a year ago lol

[@LibertyScott-x6i]

Tennis shoes-$150. 😳 why should shoes you wear everyday cost $150.

[@arhumnaeem6783]

Students giving dumb answers. Wish I was in that class

[@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.

[@l1982echarg]

I can't listen such an aweful English pronunciation 🧟🧟🧟