TTC VIDEO - Issues of modern economy [2008]

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TTC VIDEO - Issues of modern economy [2008]
Duration : 36 lectures for 30 minutes + introduction | Year: 2008 | Language : English | Quality : DVDRip | Format : AVI | Video codec : XviD | Audio Codec : MP3 | Video : XviD, 640x480, 4: 3, 692 kbps, 29,970 fps | Audio : MP3, 106 kbps (VBR), 48.0 kHz, 2 ch | 6.64 GB
Genre: Economics
How do the major economic issues that dominate today's news-questions about gross domestic product or budget deficits or trade imbalances-impact the average citizen? Why are health insurance and college tuition increasingly expensive? What can be done about soaring energy prices?
In Modern Economic Issues, Professor Robert Whaples has crafted a course designed to answer just these sorts of questions-a primer in the 21st century economics for the non-economist. He first presents the results of a survey of professional economists around the country on what they consider today's most urgent economic issues-the ones all of us most need to understand. Professor Whaples then puts his award-winning teaching skills to work to shape an accessible form, explaining not only those urgent issues.
The result is a course that you can learn every day.

For example, how do you make the decisions-big and small-that make up your daily life?
What factors come into play when you decide whether to buy this car or that, or even commute by bus? Mow the lawn or take a nap? Grill a burger with a bubbling slice of cheese or eat a simple salad?
Most economists will tell you that you make decisions on what you expect to gain from your decision.

You weigh comfort and convenience against the rising cost of gasoline. The need to maintain your home "curb appeal" against your need for sleep in a much-too-busy life. Your raw craving for that burger against the realities of an expanding waistline.

Learn to See the Tradeoffs in Every Decision We Make
And do not make a mistake about it: There is almost always something to give up, a tradeoff that is inherent in every decision. We make it in the life-a concept memorably expressed by Nobel Laureate Milton Friedman's reminder that "there's no such thing as a free lunch . "

But this is the same kind of personal security, security, from terrorism, or even an available person for someone desperately waiting on a Transplant list-involve tradeoffs. Tradeoffs that are sometimes obvious and sometimes not.

Issue by issue, Professor Whaples explains those tradeoffs, guiding you through and then past the numbers, teasing out the full range of differing societal costs and benefits that will be part of any policy choice.

What does it mean, for example, if Wal-Mart decides to open a store in your town? Should your local government be enthusiastic, or should it be concerned? Should your own feelings be the same, or are your personal priorities different? What will the presence of the world's largest corporation mean to you?
Whether dealing with the traditional kinds of topics, such as gambling, major sports franchises, and even-serious problems, such as social security, inflation, inflation, inflation, inflation, inflation, unemployment, immigration, taxation, and even Overeating, Professor Whaples offers a steady stream of insights about how the American economy really works, and how the consequences of policy decisions can have a longer reach than we might imagine, sometimes ironically so.
For example, Americans are having far fewer children than we used to-the-so-called "birth dearth" -because the Social Security Be supported in one's later years.

The irony, of course, that is, is, is, what, is, what, is, what, is, what, is, what, what, what, what, what, what, what, what, what, what, what, what, what, what, Be dependent on the system.

Go Beyond the "What" to Explore the "Why" of Today's Most Important Economic Issues
Carefully balancing the statistical data-the "what" of each trend or issue-with the insightful explorations of how those trends or issues took their present shape-the "why" -Professor Whaples repeatedly takes the numbers that have long been the bane of those intimidated By economics courses and explores.

Showing us the human side of the numbers with which economics must be unavoidably concerned with the second nature of the professor. Whaples, who earned degrees in both economics and history in the process of becoming an economic historian. Honored as both a scholar and a teacher, he is intimately concerned with the real-life consequences of economics for flesh-and-blood people. In fact, his 1990 doctoral dissertation on the shortening of the American workweek was written from both economic and historical perspectives, and was honored by the Economic History Association for the year.

Professor Whaples begins the course with a thorough grounding in the basics of economics and the most important. He always moves towards the human side of the equation, letting us see the translation of basic economic forces into the realities of our own lives.

The first lecture is a typical example of his approach. Terms such as rational maximizer, marginal cost, and demand curve fall neatly into place within the real-life example of padding over to one's thermostat on a cold winter's morning to decide where to set it, gauging where the cost-benefit tradeoffs might be- A process is very similar to the one that is being carried out at the other end of this transaction.

As Professor Whaples so brilliantly shows, tradeoffs are a fundamental part of a system of economic forces that has been in the game since long before the word economics even existed, from the moment Someone to make a choice.

Modern Economic Issues is also about the economic implications of making those choices at the level of public policy. By showing the full range of economic factors that can come into play as a result of a given policy, and how our economy works, this course can help you become an even more insightful policy Them.

And, you will understand how professional economists view the full range of tradeoffs inherent in any decision. And you may well learn to supplement your own analyses as you make the real-life economic choices each of us faces every day, becoming an even wiser.

Names of lectures
00. Professor Bio
01. What Economists know about Economic Policy
02. Economy Up or Down? How to Tell
03. Economists' View of the Future
04. Productivity and Productivity Growth
05. Inflation-Why the Measure Matters
06. Unemployment-A Global Perspective
07. Economic Inequality
08. The Fallacy of Trade Barriers
09. Trade Imbalances and Saving
10. Budget Deficits-Past, Present, and Future
11. Taxes and the Income Tax Code
12. Rx for Social Security
13. Economic Answers for an Aging Population
14. Financing World-class Health Care
15. Supply, Demand, and the Future of Oil
16. Pollution-Tax or Trade?
17. Global Climate Change-Costs and Benefits
18. Minimum Wage and the Poverty Rate
19. It Pays to Be Married
20. Pay Gaps by Sex and Race
21. Economic Impact of Immigration
22. Labor Unions in Contemporary Economics
23. Productivity Trends in Schools
24. Higher Education-Supply and Demand
25. Wal-Mart and Productivity Growth
26. Corporate Governance in a Strong Economy
27. Zero-Sum Game of Conspicuous Consumption
28. Economic Upside of Postal Reforms
29. Is Everything a Commodity?
30. Economics of the Baseball Industry
31. Examining Economic Response to Terrorism
32. Helping Poor Countries
33. Upsides and Downsides of Urban Sprawl
34. Economic Costs and Benefits of Gambling
35. Economists' View of Overeating
36. American Economy in the 21st Century


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