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Principles_of_Economics_Macroeconomics | Human_Capital_Conditional_Convergence.txt | ♪ [music] ♪ - [Alex] In our previous videos, we showed how capital accumulation can generate growth in the short run, but in the long run, we always end up at a steady-state where all of investment is used to make up for depreciation. What about human capital? -- represented here by the labor force, "L", times their ed... |
Principles_of_Economics_Macroeconomics | The_Idea_Equation.txt | ♪ [music] ♪ [Alex] In our final video on growth and the economics of ideas, we're going to look deep into our crystal ball. Given that ideas are the key to long-term economic growth, what are the prospects for future growth? Is the future bright or dim? To help answer, let's summarize the economics of ideas in a simple... |
Principles_of_Economics_Macroeconomics | Zimbabwe_and_Hyperinflation_Who_Wants_to_Be_a_Trillionaire.txt | ♪ [music] ♪ [Narrator] It's not easy being a dictator. For one, there's a lot of other people around you who would love to be you, so you're constantly worrying about staying in power. Navigating the gray area between political rivals and political allies is a total headache. Plus, there's all those pesky people who yo... |
Principles_of_Economics_Macroeconomics | Changes_in_Velocity.txt | ♪ [music] ♪ [Alex] Welcome back to the aggregate demand - aggregate supply model. In the previous video, we focused on what happens when the aggregate demand curve shifts due to a change in the money growth rate. Now we're going to ask what happens when AD shifts because of a change in "V". This time, we'll assume the ... |
Principles_of_Economics_Macroeconomics | Measuring_Inflation.txt | ♪ [music] ♪ [Alex] In today's video, we're going to take a closer look at what inflation is and how it's measured. Now, shifts in supply and demand -- they're pushing some prices up and other prices down all the time. Let's think about each of these prices like ping pong balls -- ping pong balls in an elevator. Now inf... |
Principles_of_Economics_Macroeconomics | Econ_Duel_Rent_or_Buy.txt | ♪ [music] ♪ [Tyler] So Alex, we're economists. Often people ask me, well what is it that we know about investment and investment advice anyway? Now, we've already talked about equities, but as economists do we have anything else to tell people? [Alex] Let's talk a little bit about housing, because housing is one of the... |
Principles_of_Economics_Macroeconomics | Defining_the_Unemployment_Rate.txt | ♪ [music] ♪ [Alex] Let's begin today by taking a look at the unemployment rate in the United States. If we Google "unemployment rate United States FRED," we'll get this graph from the St. Louis Federal Reserve economic database. We can see from the graph that the unemployment rate fluctuates. Since 1950, it's averaged ... |
Principles_of_Economics_Macroeconomics | Real_GDP_Per_Capita_and_the_Standard_of_Living.txt | ♪ [music] ♪ - [Alex] Is Real GDP per capita a good measure of the standard of living? People tell me all the time, "You economists, you're too materialistic." Doesn't Real GDP per capita just measure the things we buy? What about our health, our happiness, education? Well, Real GDP per capita -- it's not a perfect meas... |
Principles_of_Economics_Macroeconomics | Causes_of_Inflation.txt | ♪ [music] ♪ [Alex] Today, we're going to explain the primary cause of inflation. And we're going to do so using the quantity theory of money. Let's start by rewriting our equation slightly. We'll divide both sides by Y, so we get this. What this equation tells us is that if prices are changing, there are three possible... |
Principles_of_Economics_Macroeconomics | Physical_Capital_and_Diminishing_Returns.txt | ♪ [music] ♪ - [Alex] In our last video, we introduced the variables in our Super Simple Solow Model. We have physical capital, represented by "K," human capital, represented by "e" times "L," and ideas, represented by "A." In this video, we're going to hold human capital and ideas constant. That will let us focus i... |
Principles_of_Economics_Macroeconomics | When_the_Fed_Does_Too_Much.txt | ♪ [music] ♪ [Alex] The economy is complex and it operates according to uncertain rules. This makes monetary policy difficult and sometimes the Fed's actions have made things worse rather than better. Let's take a look at the Great Recession. In an earlier video, we showed how increased leverage, mortgage securitization... |
Principles_of_Economics_Macroeconomics | Quantity_Theory_of_Money.txt | ♪ [music] ♪ [Narrator] Today we're going to introduce an important tool for thinking about issues in macroeconomics -- the quantity theory of money. Let's imagine the journey a dollar bill might take in a year. Imagine that the dollar bill starts with Tyler, who buys a pupusa from Don, the street vendor. Don gives it ... |
Principles_of_Economics_Macroeconomics | The_Money_Multiplier.txt | ♪ [music] ♪ [Alex] Now that we know how money is defined, we'll learn how banks can affect the supply of money through fractional reserve banking. Let's imagine that you graduate from college and your grandma gives you $1,000 in cash -- that she's been saving under her mattress since the 1970s. And you deposit this cas... |
Principles_of_Economics_Macroeconomics | Structural_Unemployment.txt | ♪ [music] ♪ [Alex] Structural unemployment is persistent, long-term unemployment. Isn't it redundant to say that unemployment is persistent and long-term? Not quite. What we have in mind is when a large share of the unemployed have been unemployed for a long time, and this has been true for many years. Consider the fol... |
Principles_of_Economics_Macroeconomics | Fiscal_Policy_and_Crowding_Out.txt | ♪ [music] ♪ - [Alex] In order to work well, fiscal policy must be timely, targeted, and temporary, as we discuss in our previous video. But fiscal policy can also be fully or partially offset depending on how central banks, businesses, and consumers respond to fiscal policy. First: central banks. When a government incr... |
Principles_of_Economics_Macroeconomics | Intro_to_Business_Fluctuations.txt | ♪ [music] ♪ [Alex] A country's prosperity depends upon good institutions and the fundamental factors of production: Human capital, Physical capital, and Ideas. Economic growth, however, it's not a smooth process. An economy advances and recedes, it rises and falls, it booms and busts. Real GDP in the United States, ... |
Principles_of_Economics_Macroeconomics | What_is_Gross_Domestic_Product_GDP.txt | ♪ [music] ♪ - [Narrator] What is Gross Domestic Product, otherwise known as GDP? Gross Domestic Product is the market value of all finished goods and services produced within a country in a year. Think about the economy like a giant supermarket filled with millions of goods, like dresses, and washing machines, and serv... |
Principles_of_Economics_Macroeconomics | The_Dangers_of_Fiscal_Policy.txt | ♪ [music] ♪ - [Alex] Most economists agree that fiscal policy is useful when many resources are underemployed due to an aggregate demand shock, and the economy needs a short-run boost. There's less agreement when it comes to using fiscal policy to combat shifts in aggregate supply, and less agreement over the potential... |
Principles_of_Economics_Macroeconomics | The_Importance_of_Institutions.txt | ♪ [music] ♪ [Tyler] When it comes to understanding economic growth, institutions are often critically important. First, let's define that concept of institutions. When economists talk about institutions, they mean laws and regulations, including property rights, reliable courts, and political stability. They also mean ... |
Principles_of_Economics_Macroeconomics | Youve_finished_Macroeconomics.txt | congratulations you've made it to the end of principles of macroeconomics we've covered quite a bit from zombie banks to hyper inflating dictators from the Great Recession to the great depression to growth miracles and the economics of ideas and pupusas of course if you want to put your econ knowledge to the test visit... |
Principles_of_Economics_Macroeconomics | Game_of_Theories_The_Monetarists.txt | ♪ [music] ♪ - [Tyler] Monetarism is another framework for thinking about business cycles. Nobel laureate Milton Friedman of the University of Chicago -- he was the most famous proponent of monetarism. And, as the name suggests, monetarism emphasizes the importance of the money supply, and it emphasizes the decisions ce... |
Principles_of_Economics_Macroeconomics | Saving_and_Borrowing.txt | ♪ [music] ♪ [Alex] On September 15, 2008, the world's financial system was shaken to its core when the investment bank, Lehman Brothers, filed for bankruptcy. The impact was great, not simply because Lehman was big, but also because it was an important financial intermediary, an institution that helps bridge the gap be... |
Principles_of_Economics_Macroeconomics | Puzzle_of_Growth_Rich_Countries_and_Poor_Countries.txt | [Alex] We now return to the core question of this part of the course. Why are some countries rich and other countries poor? I'm going to lay out various pieces of the puzzle keeping in mind that it's it's a complex question with many factors at play which are still being debated. Let's start with a simple example. How ... |
Principles_of_Economics_Macroeconomics | The_Great_Recession.txt | ♪ [music] ♪ [Tyler] A lot of ink already has been spilt discussing the Great Recession of 2008. And a full examination of that would require a lot more than just one video. So today, I'm going to limit our discussion to just one central theme of the crisis, namely financial intermediation. Let's say you're buying a hom... |
Principles_of_Economics_Macroeconomics | Is_Unemployment_Undercounted.txt | ♪ [music] ♪ [Alex] As we saw in our last video, to be defined as unemployed, a person has to be without a job and they must have actively looked for a job in the last four weeks. Now what this means is that if a person without a job gives up looking for work, then they are no longer counted as unemployed. Every now an... |
Principles_of_Economics_Macroeconomics | Growth_Miracles_and_Growth_Disasters.txt | ♪ [music] ♪ [Alex] Are poor countries catching up to rich countries, or are they falling further behind? Said another way, is there divergence or convergence between standards of living in different countries over time? Let's start with what economic historian Deirdre McCloskey calls "The Great Fact" about the modern ... |
Principles_of_Economics_Macroeconomics | Labor_Force_Participation.txt | ♪ [music] ♪ [Alex] In earlier videos, we looked at unemployment: when people want a job, but can't find one. But it's also important to look at the factors that determine whether people want a job. Why are some people in the labor force while others are not? The labor force participation rate is defined as the labor f... |
Principles_of_Economics_Macroeconomics | Investing_Why_You_Should_Diversify.txt | ♪ [music] ♪ [Alex] In previous videos, we've hopefully convinced you what you should not do. Don't try to beat the market by picking stocks. And definitely, don't pay someone big money to help you pick stocks. Now let's turn to a rule that tells you what you should do. Investment Rule #3: Diversify! Diversify! Diversi... |
Principles_of_Economics_Macroeconomics | Monetary_Policy_The_Negative_Real_Shock_Dilemma.txt | ♪ [music] ♪ [Alex] So far, we've reviewed the challenges that the Fed faces when dealing with a straightforward aggregate demand shock. Now, we're going to graduate to a more difficult scenario, more difficult for the Fed -- a negative real shock to the economy. Recall from earlier videos that a real shock, such as a... |
Principles_of_Economics_Macroeconomics | Growth_Rates_Are_Crucial.txt | ♪ [music] ♪ [Alex] In our last video, we covered the surprisingly large differences in living standards between countries. But how did we get to where we are? How did these differences come about? Now we're going to dive into growth rates, and we're going to see how they affect prosperity. So this graph shows real GDP ... |
Principles_of_Economics_Macroeconomics | Fiscal_Policy_The_Best_Case_Scenario.txt | ♪ [music] ♪ [Tyler] The best-case scenario for expansionary fiscal policy is when there are lots of underemployed resources in the economy, and the government is good at identifying and targeting these resources. In this video, we'll show how to analyze the effects of expansionary fiscal policy using the aggregate ... |
Principles_of_Economics_Macroeconomics | What_Do_Banks_Do.txt | ♪ [music] ♪ [Alex] Some people want to save and invest; others want to borrow. Sometimes these people -- they interact directly -- say, you borrow money from your parents. But typically, savers and borrowers -- they don't even know one another. So a variety of institutions act as bridges to link savers to borrowers. In... |
Principles_of_Economics_Macroeconomics | Introduction_to_Fiscal_Policy.txt | ♪ [music] ♪ - [Tyler] When the recession of 2009 hit, the federal government tried to stimulate the American economy. It cut taxes and increased spending. In other words, it conducted expansionary fiscal policy. Fiscal policy -- the government's policies on taxes, spending and borrowing -- that's used to try to mitigat... |
Principles_of_Economics_Macroeconomics | Splitting_GDP.txt | ♪ [music] ♪ [Alex] GDP. It's a big number, and it encompasses a lot of activity, from consumers buying bread, to a business buying computers, to the government buying a tank. So when analyzing an economy, it's often useful to split GDP into different subcategories. I'm going to cover the two most common ways of splitti... |
Principles_of_Economics_Macroeconomics | Game_of_Theories_The_Great_Recession.txt | ♪ [music] ♪ - [Tyler] So let's consider in more detail four major theories of business cycles -- Keynesian theory, real business-cycle theory, monetarist approaches, and also the Austrian School of Economics. One way to get a better grasp on these differing theories is to see how they might attempt to explain a very sp... |
Principles_of_Economics_Macroeconomics | What_Is_Money.txt | ♪ [music] ♪ [Alex] What is money? In previous videos, we've taken the ordinary meaning of money for granted. But now we want to get a better understanding of money, banking, and central banking. And to do that, we need to be more precise about what money is and how we measure the supply of money. Economists typicall... |
Principles_of_Economics_Macroeconomics | What_Caused_the_Industrial_Revolution.txt | ♪ [music] ♪ - [Don] When we tell the tale of the hockey stick of human prosperity, the phenomenon of innovationism plays a leading role in the story. Think about it. The steam engine, indoor plumbing, penicillin, semiconductors, air conditioning, automobiles, TVs, airplanes, desktops, laptops, iPads, smart phones, the ... |
Principles_of_Economics_Macroeconomics | Sticky_Wages.txt | ♪ [music] ♪ [Tyler] Unemployment is one of the biggest personal and social costs of a recession. Now, given that unemployment is so disruptive, you might wonder, "Why don't employers just cut wages and lower their labor costs rather than firing workers? Wouldn't this be better for just about everyone?" In fact, wage cu... |
Principles_of_Economics_Macroeconomics | Frictional_Unemployment.txt | ♪ [music] ♪ [Alex] Frictional unemployment is short-term unemployment caused by the ordinary difficulties of matching employee to employer. The moment a student graduates, for example, and starts to look for work, they're officially unemployed. After a few weeks of applications and interviews, the student might be offe... |
Principles_of_Economics_Macroeconomics | How_the_Federal_Reserve_Worked_Before_the_Great_Recession.txt | ♪ [music] ♪ - [Tyler] The Federal Reserve is one of the most powerful players in the economy, because it controls the supply of money. And through that control, it influences aggregate demand in the economy. Sometimes the Fed wants to increase aggregate demand, and at other times, decrease aggregate demand. But how doe... |
Principles_of_Economics_Macroeconomics | Patents_Prizes_and_Subsidies.txt | ♪ [music] ♪ [Alex] Growth on the cutting edge is all about the creation of new ideas. So we want institutions that create incentives to produce new ideas. Ideas, however -- they've got some odd properties and it makes this kind of tricky. Two people can't use the same shovel at the same time. If one person's using the ... |
Principles_of_Economics_Macroeconomics | Intro_to_Stock_Markets.txt | ♪ [music] ♪ [Alex] Let's continue our discussion of financial intermediaries by looking at stock markets. Stocks are shares of ownership in a corporation, and they're traded in organized markets called stock exchanges. Let's go back to the example we've used before, Starbucks. A member of the public could first buy sha... |
Principles_of_Economics_Macroeconomics | Tyler_Cowen_The_Economics_of_Choosing_the_Right_Career.txt | ♪ [music] ♪ [Tyler] For individuals entering the labor market for the first time, there's some good news and some bad news. The good news is that the higher earners, or those with postgraduate degrees, are earning more than ever before. The bad news is this: In the year 2000, four-year college grads actually earned m... |
MIT_602_Introduction_to_EECS_II_Digital_Communication_Systems_Fall_2012 | 17_Packet_switching.txt | The following content is provided under a Creative Commons license. Your support will help MIT OpenCourseWare continue to offer high quality educational resources for free. To make a donation or view additional materials from hundreds of MIT courses, visit MIT OpenCourseWare at ocw.mit.edu. PROFESSOR: So my name is Har... |
MIT_602_Introduction_to_EECS_II_Digital_Communication_Systems_Fall_2012 | 11_LTI_channel_and_intersymbol_interference.txt | The following content is provided under a Creative Commons license. Your support will help MIT OpenCourseWare continue to offer high quality educational resources for free. To make a donation or view additional materials from hundreds of MIT courses, visit MIT OpenCourseWare at ocw.mit.edu. HARI BALAKRISHNAN: Hi. My na... |
MIT_602_Introduction_to_EECS_II_Digital_Communication_Systems_Fall_2012 | 12_Filters_and_composition.txt | The following content is provided under a Creative Commons license. Your support will help MIT OpenCourseWare continue to offer high quality educational resources for free. To make a donation or view additional materials from hundreds of MIT courses, visit MIT OpenCourseWare at ocw.mit.edu. PROFESSOR: So we're going to... |
MIT_602_Introduction_to_EECS_II_Digital_Communication_Systems_Fall_2012 | 10_Linear_timeinvariant_LTI_systems.txt | The following content is provided under a Creative Commons license. Your support will help MIT OpenCourseWare continue to offer high-quality educational resources for free. To make a donation or view additional materials from hundreds of MIT courses, visit MIT OpenCourseWare at ocw.mit.edu. PROFESSOR: Thank you for com... |
MIT_602_Introduction_to_EECS_II_Digital_Communication_Systems_Fall_2012 | 7_Viterbi_decoding.txt | The following content is provided under a Creative Commons license. Your support will help MIT OpenCourseWare continue to offer high-quality educational resources for free. To make a donation or view additional materials from hundreds of MIT courses, visit MIT OpenCourseWare at ocw.mit.edu. PROFESSOR: All right, we're ... |
MIT_602_Introduction_to_EECS_II_Digital_Communication_Systems_Fall_2012 | 9_Transmitting_on_a_physical_channel.txt | The following content is provided under a Creative Commons license. Your support will help MIT OpenCourseWare continue to offer high quality educational resources for free. To make a donation or view additional materials from hundreds of MIT courses, visit MIT OpenCourseWare at ocw.mit.edu. PROFESSOR: I wanted to begin... |
MIT_602_Introduction_to_EECS_II_Digital_Communication_Systems_Fall_2012 | 24_History_of_the_Internet_contd_course_summary.txt | The following content is provided under a Creative Commons license. Your support will help MIT OpenCourseWare continue to offer high quality educational resources for free. To make a donation or view additional materials from hundreds of MIT courses, visit MIT OpenCourseWare at ocw.mit.edu. PROFESSOR: So my goal for to... |
MIT_602_Introduction_to_EECS_II_Digital_Communication_Systems_Fall_2012 | 3_Errors_channel_codes.txt | The following content is provided under a Creative Commons license. Your support will help MIT OpenCourseWare continue to offer high quality educational resources for free. To make a donation or view additional materials from hundreds of MIT courses, visit MIT OpenCourseWare at NCAA ocw.mit.edu. GEORGE VERGHESE: I want... |
MIT_602_Introduction_to_EECS_II_Digital_Communication_Systems_Fall_2012 | 4_Linear_block_codes_parity_relations.txt | The following content is provided under a Creative Commons license. Your support will help MIT OpenCourseWare continue to offer high quality educational resources for free. To make a donation or view additional materials from hundreds of MIT courses, visit MIT OpenCourseWare at ocw.mit.edu. GEORGE VERGHESE: So we're go... |
MIT_602_Introduction_to_EECS_II_Digital_Communication_Systems_Fall_2012 | 8_Noise.txt | The following content is provided under a Creative Commons license. Your support will help MIT OpenCourseWare continue to offer high quality educational resources for free. To make a donation or view additional materials from hundreds of MIT courses, visit MIT OpenCourseWare at ocw.mit.edu. PROFESSOR: Today we're going... |
MIT_602_Introduction_to_EECS_II_Digital_Communication_Systems_Fall_2012 | 14_Spectral_representation_of_signals.txt | The following content is provided under a Creative Commons license. Your support will help MIT OpenCourseWare continue to offer high-quality educational resources for free. To make a donation or view additional materials from hundreds of MIT courses, visit MIT OpenCourseWare at ocw.mit.edu. PROFESSOR 1: OK, let's launc... |
MIT_602_Introduction_to_EECS_II_Digital_Communication_Systems_Fall_2012 | 5_Error_correction_syndrome_decoding.txt | The following content is provided under a Creative Commons license. Your support will help MIT OpenCourseWare continue to offer high-quality educational resources for free. To make a donation or view additional materials from hundreds of MIT courses, visit MIT OpenCourseWare at ocw.mit.edu. GEORGE VERGHESE: OK, let's c... |
MIT_602_Introduction_to_EECS_II_Digital_Communication_Systems_Fall_2012 | 22_Sliding_window_analysis_Littles_law.txt | The following content is provided under a Creative Commons license. Your support will help MIT OpenCourseWare continue to offer high quality educational resources for free. To make a donation or view additional materials from hundreds of MIT courses, visit MIT OpenCourseWare at ocw.mit.edu. HARI BALAKRISHNAN: So this i... |
MIT_602_Introduction_to_EECS_II_Digital_Communication_Systems_Fall_2012 | 2_Compression_Huffman_and_LZW.txt | The following content is provided under a Creative Commons license. Your support will help MIT OpenCourseWare continue to offer high quality educational resources for free. To make a donation or view additional materials from hundreds of MIT courses, visit MIT OpenCourseWare at ocw.mit.edu. PROFESSOR: OK let's get star... |
MIT_602_Introduction_to_EECS_II_Digital_Communication_Systems_Fall_2012 | 16_More_on_modulationdemodulation.txt | The following content is provided under a Creative Commons license. Your support will help MIT OpenCourseWare continue to offer high-quality educational resources for free. To make a donation or view additional materials from hundreds of MIT courses, visit MIT OpenCourseWare at ocw.mit.edu. GEORGE VERGHESE: I want to a... |
MIT_602_Introduction_to_EECS_II_Digital_Communication_Systems_Fall_2012 | 1_Overview_information_and_entropy.txt | The following content is provided under a Creative Commons license. Your support will help MIT OpenCourseWare continue to offer high-quality educational resources for free. To make a donation or view additional materials from hundreds of MIT courses, visit MIT OpenCourseWare at ocw.mit.edu. GEORGE VERGHESE: The course ... |
MIT_602_Introduction_to_EECS_II_Digital_Communication_Systems_Fall_2012 | 6_Convolutional_codes.txt | The following content is provided under a Creative Commons license. Your support will help MIT OpenCourseWare continue to offer high quality educational resources for free. To make a donation or view additional materials from hundreds of MIT courses, visit MIT OpenCourseWare at ocw.mit.edu. PROFESSOR: I wanted to tell ... |
MIT_602_Introduction_to_EECS_II_Digital_Communication_Systems_Fall_2012 | 18_MAC_protocols.txt | The following content is provided under a Creative Commons license. Your support will help MIT OpenCourseWare continue to offer high quality educational resources for free. To make a donation or view additional materials from hundreds of MIT courses, visit MIT OpenCourseWare at ocw.mit.edu. PROFESSOR: So the goal for t... |
MIT_602_Introduction_to_EECS_II_Digital_Communication_Systems_Fall_2012 | 19_Network_routing_without_failures.txt | The following content is provided under a Creative Commons license. Your support will help MIT OpenCourseWare continue to offer high quality educational resources for free. To make a donation or view additional materials from hundreds of MIT courses, visit MIT OpenCourseWare at ocw.mit.edu. HARI BALAKRISHNAN: OK. So to... |
MIT_602_Introduction_to_EECS_II_Digital_Communication_Systems_Fall_2012 | 21_Reliable_transport.txt | The following content is provided under a Creative Commons license. Your support will help MIT OpenCourseWare continue to offer high-quality educational resources for free. To make a donation or view additional materials from hundreds of MIT courses, visit MIT OpenCourseWare at ocw.mit.edu. HARI BALAKRISHNAN: So, good ... |
MIT_602_Introduction_to_EECS_II_Digital_Communication_Systems_Fall_2012 | 23_A_brief_history_of_the_Internet.txt | The following content is provided under a Creative Commons license. Your support will help MIT OpenCourseWare continue to offer high quality educational resources for free. To make a donation or view additional materials from hundreds of MIT courses, visit MIT OpenCourseWare at ocw.mit.edu. PROFESSOR: So this is the la... |
MIT_602_Introduction_to_EECS_II_Digital_Communication_Systems_Fall_2012 | 13_Frequency_response_of_LTI_systems.txt | The following content is provided under a Creative Commons license. Your support will help MIT OpenCourseWare continue to offer high quality educational resources for free. To make a donation or view additional materials from hundreds of MIT courses, visit MIT OpenCourseWare at ocw.mit.edu. PROFESSOR: So today I'm goin... |
MIT_602_Introduction_to_EECS_II_Digital_Communication_Systems_Fall_2012 | 20_Network_routing_with_failures.txt | The following content is provided under a Creative Commons license. Your support will help MIT OpenCourseWare continue to offer high quality educational resources for free. To make a donation or view additional materials from hundreds of MIT courses, visit MIT OpenCourseWare at ocw.mit.edu. PROFESSOR: So we're going to... |
MIT_602_Introduction_to_EECS_II_Digital_Communication_Systems_Fall_2012 | 15_Modulationdemodulation.txt | ANNOUNCER: The following content is provided under a Creative Commons license. Your support will help MIT OpenCourseWare continue to offer high-quality educational resources for free. To make a donation or view additional materials from hundreds of MIT courses, visit MIT OpenCourseWare at ocw.mit.edu. PROFESSOR: There'... |
MIT_18S096_Topics_in_Mathematics_w_Applications_in_Finance | 21_Stochastic_Differential_Equations.txt | The following content is provided under a Creative Commons license. Your support will help MIT OpenCourseWare continue to offer high quality educational resources for free. To make a donation or view additional materials from hundreds of MIT courses, visit MIT OpenCourseWare at ocw.mit.edu. PROFESSOR: So far we had a f... |
MIT_18S096_Topics_in_Mathematics_w_Applications_in_Finance | 10_Regularized_Pricing_and_Risk_Models.txt | The following content is provided under a Creative Commons license. Your support will help MIT OpenCourseWare continue to offer high quality educational resources for free. To make a donation or view additional materials from hundreds of MIT courses, visit MIT OpenCourseWare at ocw.mit.edu. PROFESSOR: Our guest speaker... |
MIT_18S096_Topics_in_Mathematics_w_Applications_in_Finance | 3_Probability_Theory.txt | The following content is provided under a Creative Commons license. Your support will help MIT OpenCourseWare continue to offer high quality educational resources for free. To make a donation or view additional materials from hundreds of MIT courses, visit MIT OpenCourseWare at ocw.mit.edu. PROFESSOR: OK, so good after... |
MIT_18S096_Topics_in_Mathematics_w_Applications_in_Finance | 11_Time_Series_Analysis_II.txt | The following content is provided under a Creative Commons license. Your support will help MIT OpenCourseWare continue to offer high quality educational resources for free. To make a donation or view additional materials from hundreds of MIT courses, visit MIT OpenCourseWare at ocw.mit.edu. PROFESSOR: All right. I want... |
MIT_18S096_Topics_in_Mathematics_w_Applications_in_Finance | 24_HJM_Model_for_Interest_Rates_and_Credit.txt | The following content is provided under a Creative Commons license. Your support will help MIT OpenCourseWare continue to offer high quality educational resources for free. To make a donation or view additional materials from hundreds of MIT courses, visit MIT OpenCourseWare at ocw.mit.edu. DENIS GOROKHOV: So I work at... |
MIT_18S096_Topics_in_Mathematics_w_Applications_in_Finance | 16_Portfolio_Management.txt | The following content is provided under a Creative Commons license. Your support will help MIT OpenCourseWare continue to offer high quality educational resources for free. To make a donation or view additional materials from hundreds of MIT courses, visit MIT OpenCourseWare at ocw.mit.edu. PROFESSOR: All right, let's ... |
MIT_18S096_Topics_in_Mathematics_w_Applications_in_Finance | 2_Linear_Algebra.txt | The following content is provided under a Creative Commons license. Your support will help MIT OpenCourseWare continue to offer high quality educational resources for free. To make a donation or view additional materials from hundreds of MIT courses, visit MIT OpenCourseWare at ocw.mit.edu. PROFESSOR: So let's begin. T... |
MIT_18S096_Topics_in_Mathematics_w_Applications_in_Finance | 17_Stochastic_Processes_II.txt | The following content is provided under a Creative Commons license. Your support will help MIT OpenCourseWare continue to offer high quality educational resources for free. To make a donation, or view additional materials from hundreds of MIT courses, visit MIT OpenCourseWare at ocw.mit.edu. PROFESSOR: And today it's m... |
MIT_18S096_Topics_in_Mathematics_w_Applications_in_Finance | 1_Introduction_Financial_Terms_and_Concepts.txt | The following content is provided under a Creative Commons license. Your support will help MIT OpenCourseWare continue to offer high-quality educational resources for free. To make a donation or view additional materials from hundreds of MIT courses, visit MIT OpenCourseWare at ocw.mit.edu. JAKE XIA: This is the second... |
MIT_18S096_Topics_in_Mathematics_w_Applications_in_Finance | 23_Quanto_Credit_Hedging.txt | The following content is provided under a Creative Commons license. Your support will help MIT OpenCourseWare continue to offer high-quality educational resources for free. To make a donation or view additional materials from hundreds of MIT courses, visit MIT OpenCourseWare at ocw.mit.edu. PROFESSOR: Anyway, welcome t... |
MIT_18S096_Topics_in_Mathematics_w_Applications_in_Finance | 26_Introduction_to_Counterparty_Credit_Risk.txt | The following content is provided under a Creative Commons license. Your support will help MIT OpenCourseWare continue to offer high quality educational resources for free. To make a donation or view additional materials from hundreds of MIT courses, visit MIT OpenCourseWare at ocw.mit.edu. PROFESSOR: Our last class Yi... |
MIT_18S096_Topics_in_Mathematics_w_Applications_in_Finance | 15_Factor_Modeling.txt | The following content is provided under a Creative Commons license. Your support will help MIT OpenCourseWare continue to offer high quality educational resources for free. To make a donation or view additional materials from hundreds of MIT courses, visit MIT OpenCourseWare at ocw.mit.edu. PROFESSOR: Today's topic is ... |
MIT_18S096_Topics_in_Mathematics_w_Applications_in_Finance | 25_Ross_Recovery_Theorem.txt | The following content is provided under a Creative Commons license. Your support will help MIT OpenCourseWare continue to offer high quality educational resources for free. To make a donation or view additional materials from hundreds of MIT courses, visit MIT OpenCourseWare at ocw.mit.edu. PETER CARR: So, I welcome co... |
MIT_18S096_Topics_in_Mathematics_w_Applications_in_Finance | 6_Regression_Analysis.txt | The following content is provided under a Creative Commons license. Your support will help MIT OpenCourseWare continue to offer high quality educational resources for free. To make a donation or view additional materials from hundreds of MIT courses, visit MIT OpenCourseWare at ocw.mit.edu. PROFESSOR: Today's topic is ... |
MIT_18S096_Topics_in_Mathematics_w_Applications_in_Finance | 13_Commodity_Models.txt | The following content is provided under a Creative Commons license. Your support will help MIT OpenCourseWare continue to offer high-quality educational resources for free. To make a donation or view additional materials from hundreds of MIT courses, visit MIT OpenCourseWare at ocw.mit.edu. PROFESSOR: So what I would l... |
MIT_18S096_Topics_in_Mathematics_w_Applications_in_Finance | 18_Itō_Calculus.txt | The following content is provided under a Creative Commons license. Your support will help MIT OpenCourseWare continue to offer high quality educational resources for free. To make a donation or view additional materials from hundreds of MIT courses, visit MIT OpenCourseWare at ocw.mit.edu. PROFESSOR: Let's begin. Toda... |
MIT_18S096_Topics_in_Mathematics_w_Applications_in_Finance | 19_BlackScholes_Formula_Riskneutral_Valuation.txt | The following content is provided under a Creative Commons license. Your support will help MIT OpenCourseWare continue to offer high quality educational resources for free. To make a donation or view additional materials from hundreds of MIT courses, visit MIT OpenCourseWare at ocw.mit.edu. PROFESSOR: So let's start wi... |
MIT_1402_Principles_of_Macroeconomics_Spring_2023 | Lecture_11_The_ISLMPC_Model.txt | [SQUEAKING] [RUSTLING] [CLICKING] RICARDO J. CABALLERO: So today, we're going to talk about perhaps the most important model in this class, the IS-LM-PC model, which puts together all that we have done up to now. But before we do that, let's talk a little bit about current events. Who knows what that is? Is this exam w... |
MIT_1402_Principles_of_Macroeconomics_Spring_2023 | Lecture_17_Introduction_to_Open_Economy.txt | [SQUEAKING] [RUSTLING] [CLICKING] RICARDO CABALLERO: So remember what has been happening to the US economy. As economy-- and it happens similarly with a few lags and leads and differences in sizes but around the world, in most economies around the world, as the economy began to reopen from COVID, we had a situation whe... |
MIT_1402_Principles_of_Macroeconomics_Spring_2023 | Lecture_8_The_Labor_Market.txt | [SQUEAKING] [RUSTLING] [CLICKING] RICARDO CABALLERO: So today we're going to look at-- we're going to start looking into the labor market. Now, the labor market is very interesting for a wide variety of reasons that we will not discuss in this course, because it's not about labor economics, it's about macroeconomics. B... |
MIT_1402_Principles_of_Macroeconomics_Spring_2023 | Lecture_9_The_Phillips_Curve_and_Inflation.txt | [SQUEAKING] [RUSTLING] [CLICKING] RICARDO CABALLERO: So today I'm going to talk about the Phillips curve and inflation. Now as I said in the previous lecture, the material that is specific to this lecture will not enter this quiz. It's the beginning of what is perhaps the most important model you'll see in this class, ... |
MIT_1402_Principles_of_Macroeconomics_Spring_2023 | Lecture_20_The_MundellFleming_Model.txt | [SQUEAKING] [RUSTLING] [CLICKING] RICARDO CABALLERO: Let's start with the Mundell-Fleming model. Now, this is a model that I think is extremely useful. And in the short term it will be important for you because probably 70% of the quiz will be related to things, to this model. Meaning, we're going to use this model for... |
MIT_1402_Principles_of_Macroeconomics_Spring_2023 | Lecture_19_The_Goods_Market_in_the_Open_Economy.txt | [SQUEAKING] [RUSTLING] [CLICKING] RICARDO CABALIERO: So now we're going to go back to the first part of the course in the sense that we're going to go back to the short term. So we're going to essentially do the IS-LM model again, but now in the context of an open economy. But before I get into that first model of this... |
MIT_1402_Principles_of_Macroeconomics_Spring_2023 | Lecture_6_ISLM_continued.txt | [SQUEAKING] [RUSTLING] [CLICKING] RICARDO J. CABALLERO: OK, so let's continue with this IS-LM model. Remember in the previous lecture, we set up-- we set it up. We built the IS-LM model. And we'll go over that very quickly in this lecture because I think it's very important for you. And then, we're going to use it. And... |
MIT_1402_Principles_of_Macroeconomics_Spring_2023 | Lecture_13_The_Facts_of_Growth.txt | [SQUEAKING] [RUSTLING] [CLICKING] RICARDO CABALLERO: OK, so today we're going to start talking about the long run. I've been talking about the business cycles, and today we're going to start talking about things that happen over decades. But before I do that, before we finish with the short run, medium run, I don't wan... |
MIT_1402_Principles_of_Macroeconomics_Spring_2023 | Lecture_7_An_Extended_ISLM_Model.txt | [SQUEAKING] [RUSTLING] [CLICKING] RICARDO CABALLERO: OK, let's start. So by now, you know the IS-LM model, and if you don't fully control it, please spend a lot of time on it. As I said, 2/3 of your quiz will be about that. But we're going to start adding a few-- it's a very basic model, but still we can squeeze a lot ... |
MIT_1402_Principles_of_Macroeconomics_Spring_2023 | Lecture_3_The_Goods_Market.txt | [SQUEAKING] [RUSTLING] [CLICKING] RICARDO J. CABALLERO: OK, let's start. So what you have there in that picture is the result of a survey to a bunch of economists on-- which are asked to assess the probability that there is a recession within the next 12 months. Recession means, essentially, a decline in aggregate outp... |
MIT_1402_Principles_of_Macroeconomics_Spring_2023 | Lecture_23_Asset_Pricing.txt | [SQUEAKING] [RUSTLING] [CLICKING] RICARDO J. CABALLERO: OK, so let me continue with the topic of the previous lecture, which is asset pricing. And we said the tricky thing with asset pricing is that the payoff of having an asset comes in the future. And that implies at least two things. The first one is that we need to... |
MIT_1402_Principles_of_Macroeconomics_Spring_2023 | Lecture_18_Quiz_2_Review.txt | [SQUEAKING] [RUSTLING] [CLICKING] RICARDO CABALLERO: So after doing IS-LM in the first part of the course and where we took prices completely sticky and output was fully determined by aggregate demand, we said, well, that dominates in the very, very short run. But over time, at some point the supply side starts showing... |
MIT_1402_Principles_of_Macroeconomics_Spring_2023 | Lecture_2_Basic_Macroeconomic_Concepts.txt | [SQUEAKING] [RUSTLING] [CLICKING] RICARDO J. CABALLERO: I expect that there will be many fun lectures in the sense that we're going to be discussing a little more exactly at the right time in which that issue is an important issue, at least as described in the newspapers. And, you know, we are going through a very inte... |
MIT_1402_Principles_of_Macroeconomics_Spring_2023 | Lecture_24_ISLM_and_Expectations.txt | [SQUEAKING] [RUSTLING] [CLICKING] RICARDO CABALLERO: Expectations play a huge role in economics. So what I want to today, not only in asset pricing-- I mean, asset pricing-- obviously, it's all about the future, really, but also in the kind of issues we have discussed throughout the course. And so that's what I want to... |
MIT_1402_Principles_of_Macroeconomics_Spring_2023 | Lecture_25_Quiz_3_Review.txt | [SQUEAKING] [RUSTLING] [CLICKING] RICARDO CABALLERO: The main topic in this part is really open economy. And so we extended the IS-LM model. We did not bring in-- we again shut down price changes, so we said price is completely fixed. No Phillips curve here. So we expanded the IS-LM model to add this open economy dimen... |
MIT_1402_Principles_of_Macroeconomics_Spring_2023 | Lecture_22_Financial_Markets_and_Expectations.txt | [SQUEAKING] [RUSTLING] [CLICKING] RICARDO CABALLERO: Today, we're going to talk about a very important topic in economics, which is expectations. We have barely mentioned expectations when we talk about the Phillips curve, we talked about expectations when we discussed the UIP and so on, but expectation is a much bigge... |
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