Chapter 34: The Influence of Monetary and Fiscal Policy

Review of why aggregate demand slopes downward 1:35
Theory of liquidity preference 4:51
Fiscal policy 21:46
The multiplier effect 24:03
Marginal propensity to consume 25:39
Crowding out effect 30:09
Changes in taxes 31:53

[huonglynguyen]

Don't know why the number of views is still quite low but your videos are saving my life!! I am really into Macroeconomics now. THANK YOU so much, teacher !!!

[ESCAPEMP]

I cannot thank you enough. I stuggle with my teachers teaching style and you have really made it simpler to understand. Bless you.

[bbeeyangli]

Wow, I just completed Introductory Macroeconomics. I'm so grateful for your videos, Dr. Azevedo ! it was a wonderful journey! Really looking forward to your Intermediate Macroeconomics videos!

My overall impression of Macroeconomics (which can also include Microeconomics) is that, statistically, it's like all individuals are combined into one giant man. This giant's various behaviors represent the different economic statistical variables. Since each individual has intelligence, so does this giant. Individuals are rational, so is the giant. Thus, if individuals can be irrational, so can the giant. Prices seem like a type of hormone within the human body, stimulating or guiding different reactions (like C, I, etc.) in different parts of this giant being. Economic fluctuations are like the emotional and irrational swings of the giant.

If the analogy holds, then a new idea emerges: this giant would have waste or excretions (haha). Pollution in microeconomics could be one such form(maybe). they are not mentioned in macroeconomics. What would these invisible excretions be if they exist? Could they be related to the mysterious economic cycles? (The accumulation of waste leading to recession, and the breakdown or elimination of waste bringing about recovery.)
Additionally, this giant would get tired and thus need to rest. Could this rest also be one of the forces behind recession?(So, is it possible? Consider two people, one works while the other sleeps. Would the entire system get tired? Maybe it's necessary, as there's a need for Sundays or a long vacation after a period. Or if one person falls ill, the whole system might need to rest.)
(or, the excretion of this giant is the economic recession itself ??)
Or, perhaps it's because individual humans have cycles (life and death cycle. daily and weekly cycles of work and rest. cycles of youth, adulthood, and old age. seasonal cycles, etc), and these varied cyclic events when combined form a larger pattern of cyclical fluctuations.

[aslkarailyasl]

Wow, your way of giving a lesson, the technology you use, the board is amazing and super informative! Thank you :)

[heanamalaj]

Thank you very much! You are so undervalued and you deserve a lot of credit and acknowledgment. Please post more videos!!

[abrahamsaidi]

I CAN NOT COMPLAIN, I HAVE SEEN WHAT AN ANGEL OF GOD LOOKS LIKE IN THIS LIFE. THANK YOOU DR-AZEVEDO

[savvylofi]

yes thank you so much for your videos!! helping me get an A in micro and macro this semester by breaking it down like this!! seriously WE OWE YOU !! thanks so much whatever brought you to publishing these i am forever grateful!!

[CuongNguyen-qbsz]

Hopefully there will be more videos in the future. This channel really helps me out

[ronnieyi]

Thanks, youre the reason why I'm passing ECON!

[madhavmahendru]

This lecture really helped a lot for my semester exam. Can't thank you enough Dr. You're the best!!❤

[gelizeesinogo]

this literally saved my life thank you so much!! Dr. Azevedo

[JohannaNandigoloFrans]

Hello Dr, greetings from Namibia in Africa. I'm Johanna, studying towards a Bachelor of Arts in Political Science, I just want to appreciate your efforts to come up with this delightful YouTube channel. You made Basic Marco Economics to be super interesting to me, I will be writing my exam for it next week on the 24th and I'm 💯 pretty sure that will ace it all because of you. THANK YOU, THANK YOU SO SO MUCH AND PLEASE, STAY BLESSED ALWAYS!!!! 👏🌟🌟

[flaviot]

thank you Professor, brilliant explanation

[atikamaharani]

Post more videos please everything only makes sense when you explain it :(

[bonamalualakot]

I wish I got an opportunity to be in a university you're lecturing now so that I get adequate knowledge. Your lectures are making it easier to my understanding. Thanks for that

[kartiktanwar]

Through you video my all concepts are cleared

[markabraham]

love the way you teach, please do one on short run tradeoff between inflation and unemployment

[charliejennifer]

Can you please do a video on current monetary policy tools & explain the difference between ample reserves & required reserves?

[kanankhalilov]

Hello dr, do you have a video on risk and consumer choice/budget constraint?

[ziyyadabid]

Please make a playlist for intermediate macroeconomics too