Arnold Kling's Lectures on Macroeconomics

Arnold Kling has started blogging his take on Macro-economics in a series of lectures. They are thoroughly enjoyable as they link real-world scenarios with micro-economics concepts and marcoeconomic theories.

Here's the course outline:

  1. Introduction
  2. Misconceptions about labor markets
  3. Unemployment as an Adjustment Problem
  4. Why Wage Cuts are Rarely
  5. The Dotcom Recession
  6. Labor Markets in the Post-industrial Economy
  7. Imperial Origins of Money
  8. The Relationship Between Government Money and Private Quasi-Money
  9. The Nonfinancial Sector and the Financial Sector
  10. Money or Credit?
  11. Leijonhufvud and the corridor
  12. Herd behavior, Procrastination, and Business Cycles
  13. Multipliers and Model Estimates
  14. A Recession as an Information Problem

Alternatively, you can read the entire series in one go.

For those of us who've taken an economics course before, we will notice that the lectures deviates from the norm. I do believe, however, that this is a better way of introducing students to the concepts by discussing events rather than introducing theoretical breakthroughs. After all, macro-economics is hardly a science.

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