Sinopse

Podcasts for my Year 12 IB Economics class.

Episódios

  • Subsidies

    Subsidies

    20/01/2010 Duração: 04min

    In this episode we define subsidies and describe how to construct a model of subsidies that includes world trade. We also discuss some of the advantages and disadvantages of subsidies.

  • Quotas

    Quotas

    16/11/2009 Duração: 03min

    In this episode, we define quota and describe how to construct a model showing a quota. We also highlight some of the problems attached to quotas.

  • Tariffs

    Tariffs

    13/11/2009 Duração: 03min

    In this episode, we define what a tariff is and construct a simple model to demonstrate the effects of the tariff on domestic and world markets. We also discuss some of the disadvantages of tariffs.

  • Comparative Advantage

    Comparative Advantage

    12/11/2009 Duração: 05min

    In this episode we discuss the theory of comparative advantage and work through a numerical example. We also look at some of the limitations of the theory.

  • Reasons for Trade

    Reasons for Trade

    25/08/2009 Duração: 03min

    This is a special podcast specifically for my Year 13 students returning from Sun Island. This episode will be rerecorded in regular format soon.

  • Distribution of Income (Part 2)

    Distribution of Income (Part 2)

    22/08/2009 Duração: 05min

    In this podcast, we discuss the thinking behind the Laffer Curve and the importance of transfer payments in redistributing income. We also look at the Lorenz Curve and Gini co-efficient as measures of income inequality.

  • Distribution of Income (Part 1)

    Distribution of Income (Part 1)

    22/08/2009 Duração: 04min

    In this podcast, we look at the features of a good tax system. We define progresive, regressive and proportional taxation and give examples of each. We also differentiate between direct and indirect taxation.

  • The Phillips Curve

    The Phillips Curve

    22/08/2009 Duração: 03min

    In this episode, we describe the Phillips Curve relationship between inflation and unemployment. In doing so, we differentiate between the short run and the long run and note the implication for policy makers. We also define and differentiate between full employment and the non-accelerating inflation rate of unemployment.

  • Causes and Costs of Inflation

    Causes and Costs of Inflation

    22/08/2009 Duração: 07min

    In this podcast we differentiate between three main causes of inflation and discuss some of the costs of inflation and deflation.

  • Inflation and its measurement

    Inflation and its measurement

    22/08/2009 Duração: 04min

    In this podcast, we differentiate between inflation, disinflation and deflation and consider how inflation is measured using a price index.

  • Solutions to unemployment

    Solutions to unemployment

    22/08/2009 Duração: 05min

    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.

  • Types of Unemployment

    Types of Unemployment

    06/08/2009 Duração: 04min

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

  • The multiplier and the accelerator

    The multiplier and the accelerator

    05/08/2009 Duração: 04min

    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.

  • Supply side policies

    Supply side policies

    05/08/2009 Duração: 02min

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

  • Monetary Policy

    Monetary Policy

    04/08/2009 Duração: 03min

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

  • Fiscal Policy

    Fiscal Policy

    04/08/2009 Duração: 05min

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

  • Inflationary and Deflationary Gaps

    Inflationary and Deflationary Gaps

    04/08/2009 Duração: 03min

    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.

  • Aggregate Supply

    Aggregate Supply

    04/08/2009 Duração: 04min

    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.

  • Aggregate Demand

    Aggregate Demand

    04/08/2009 Duração: 03min

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

  • Measuring National Income

    Measuring National Income

    04/08/2009 Duração: 04min

    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.

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