Macroeconomics: Crash Course Economics #5
This week, Adriene and Jacob teach you about macroeconomics. This is the stuff of big picture economics, and the major movers in the economy. Like taxes and monetary policy and inflation and...
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Adriene: Hi I'm Adriene Hill, welcome back to Crash Course Economics. As you may remember from our first video, economics can be divided into two parts: microeconomics and macroeconomics. Since macroeconomics is the one that's most often in the news, that's where we're gonna start. We'll get to microeconomics, which is also super important in future episodes, but what is macroeconomics again? Mr. Clifford: (monotone) It's the study of economic aggregates revealed through national income accounting, which is then- Adriene: Okay okay, when you explain it like that it sounds boring but it is not boring! Macro is about booms and busts, will you get a job when you graduate, should the government cut taxes? Mr. Clifford: In theory, lowerin...
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Adriene: Hi I'm Adriene Hill, welcome back to Crash Course Economics. As you may remember from our first video, economics can be divided into two parts: microeconomics and macroeconomics. Since macroeconomics is the one that's most often in the news, that's where we're gonna start. We'll get to microeconomics, which is also super important in future episodes, but what is macroeconomics again? Mr. Clifford: (monotone) It's the study of economic aggregates revealed through national income accounting, which is then- Adriene: Okay okay, when you explain it like that it sounds boring but it is not boring! Macro is about booms and busts, will you get a job when you graduate, should the government cut taxes? Mr. Clifford: In theory, lowerin...
