Econs for the Ipod

In this podcast, we talk about some of the approaches governments may take in trying to fix unemployment. Note, discussion on the advantages and disadvantages of each method is not included here.

In this podcast, we define unemployment in a general sense before breaking unemployment into five main types.

In this episode, we discuss how the multiplier and accelerator effects can make a small change in aggregate demand result in a much larger increase in national income.

In this podcast, we discuss some examples of supply side policies, their aims and there advantages and disadvantages.

In this episode we look at monetary policy, with an emphasis on interest rates, as a tool of government demand management.

In this episode we look at Fiscal Policy as a demand management tool of government and discuss some of its advantages and disadvantages.

In this episode we define inflationary and deflationary gaps and highlight how to find them on a neo-Classical AD/AS model. We also place them into the context of the business cycle.

In this podcast, we differentiate between the Keynesian and neo-Classical aggregate supply curves and how this impacts upon possible long run equilibrium positions of an economy.

In this podcast we examine the components of aggregate demand and the factors that shift each component.

In this podcast, we outline the different methods of measuring national income and differentiate between GDP, GNP and NNP. We also discuss the importance of adjusting these figures for inflation and population.