Most borrowers borrow through banks. But established and reputable institutions can also borrow from a different intermediary: the bond market. That’s the topic of this video. We’ll discuss what a bond is, what it does, how it’s rated, and what those...

Today, we’ll examine a new kind of financial intermediary: stock markets.

As an individual, you participate in the stock market when you buy a company’s shares. This turns you into a part-owner, entitled to some of the company's profits. Sometimes,...

Some people want to save and invest, others want to borrow. Sometimes, savers and borrowers link up directly. But most times, they don’t know each other. So they rely on institutions that bridge them together. These bridges are called financial...

Alex Tabarrok’s TED talk showed you that ideas can trump nearly every crisis. Now, since ideas are so important, we have to ask: is the future of ideas a bright one?

To answer that, we’ll look at something we call the Idea Equation.

It goes like this:...

According to our previous videos in this section, the Solow model seems to predict that we’ll always end up in a steady state with no economic growth.

But, the Solow model still has one variable unaccounted for: ideas.

So, can ideas keep us growing?...

In our previous macroeconomics video, we said that the accumulation of physical capital only provides a temporary boost to economic growth. Does the same apply to human capital?

To answer that, consider this: what happens to all new graduates, in the end...

Remember our simplified Solow model? One end of it is input, and on the other end, we get output.

What do we do with that output?

Either we can consume it, or we can save it. This saved output can then be re-invested as physical capital, which grows the...

Do you recall our question about Germany and Japan from our previous video?

How did they achieve record economic growth following World War II?

Today's video will help answer that question. We'll be digging into the K variable of our simplified Solow...

Throughout this section of the course, we’ve been trying to solve a complicated economic puzzle—why are some countries rich and others poor?

There are various factors at play, interacting in a dynamic, and changing environment. And the final answer to...

In response to the 2008 financial crisis, the Fed employed some new instruments and approaches to getting the economy back on track. In this video we explore three of these: quantitative easing, paying interest on reserves, and conducting repurchase (and...