Lecture 3: The Goods Market

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Lecture 3: The Goods Market

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Күн бұрын

MIT 14.02 Principles of Macroeconomics, Spring 2023
Instructor: Ricardo J. Caballero
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In this video, Prof. Caballero discusses the goods and services markets. Topics include equilibrium output, the composition of aggregate determination, and the key mechanism of the interaction between demand, production, and income.
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Пікірлер: 25

@dreamworld_me Ай бұрын

This content or course are much more valuables, I am from Nepal and I am taking the courses of MIT ,this is why mit open course ware is famous for providing equal opportunity of education for everyone ❤

@conrad5159 Күн бұрын

Muchas Gracias Profesor Ricardo, apprendi mucho de ti.

@petrolmariz7657 Ай бұрын

Thanks so much for this course ❤

@huyentrangnguyen7361 24 күн бұрын

Thank you so much. I am so grateful for all the lectures.

@ricardocontreras 23 күн бұрын

Thanks for this wonderful content. Regards from Ecuador

@rohitdas475 2 ай бұрын

These are gems !!

@abdullahaddous7081 Ай бұрын

At 24:00, there’s a mistake in the subtitles. It should be “Y is the real GDP for us.” I believe there’s a second typo that’s much more subtle. I think at 27:47 the subtitles should be, “Now *it increases* output.” It wouldn’t make sense for him to then say that the increased output leads to an increased income as well-which increases output more-if that weren’t the case. I had to rewind that part a couple of times to catch that.

@gogaton 23 күн бұрын

Thank you Ricardo

@chandrannatarajan6616 18 күн бұрын

Thank you so much🙏

@kelvintyron Сағат бұрын

Is it possible to get the slides for this course?

@forheuristiclifeksh7836 2 ай бұрын

3:00

@Bishop45acp 28 күн бұрын

Can c0 move up just due to inflation? Thus creating more autonomous spending and moving Y=Z point? Also, would that this change c1 and thus multiplier (probably) flatting the ZZ line?

@Clorxo 25 күн бұрын

Pretty sure it doesn't since this is a model for REAL GDP therefore the effects of inflation don't impact the model

@Bishop45acp 25 күн бұрын

@@Clorxo that realy makes sense, thank you

@abdullahkeskin6695 23 күн бұрын

İn this model it is assumed that prices don't change, price level is constant.@@Clorxo

@abdullahkeskin6695 23 күн бұрын

But expectation of inflation may increase Co and shift ZZ up and also c1 may get bigger and ZZ line get steeper, slope increases.

@SenthilKumarasamy-n1f Ай бұрын

How is the equilibrium condition Z=C derived? Can you explain?

@ujjawalsinha8968 Ай бұрын

The eqm. condition is Y=Z, not Z=C. This happens at the intersection of abs. demand and the income/production line.

@samo917 Ай бұрын

What is the meaning of equilibrium in this context? Maybe i missed the part of in the lecture series where he defined it. Am 24 mins in so far

@AmanKumar-fv2wh 25 күн бұрын

Output is equal to aggregate demand....

@abdullahkeskin6695 23 күн бұрын

Equilibrium condition by the definition is Y or GDP or Output is equal to aggregate spending or demand.

@adilshah5442 22 күн бұрын

How can we download ppt slides of these lectures?

@FGPR01BrunoCauz 19 күн бұрын

MIT much?!!!!! screenshot!!!!!! xD

@mitocw 15 күн бұрын

Sorry, the slides are not available. What we do have for materials is on MIT OpenCourseWare at: ocw.mit.edu/courses/14-02-principles-of-macroeconomics-spring-2023/. Best wishes on your studies!