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Globalization: Definition, Causes, and Impacts
In this video, the lecturer defines globalization as the process of economic and financial integration that has progressively removed national boundaries from the financing, production, sale, and distribution of goods and services. He...
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Calculating and Understanding HR Data: Labor Productivity and Turnover
This video lecture discusses HR data and how to calculate two of the most important items: labor productivity and labor turnover. The speaker explains how HR data is important in various areas of a business and emphasizes the...
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Monetary Policy: Introduction and Basic Terms
This video provides an overview of what monetary policy means and how it is executed. He discusses the functions and characteristics of money and how they relate to monetary policy. It also introduces key terms and concepts including the...
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Measuring Unemployment
The video lecture is about measuring unemployment, discussing the difference between unemployed and claimant count measures, and the reliability of the data. The instructor explains the ILO standard definition of unemployment and how it...
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Fiscal Policy: Short-Term vs Long-Term Impact and the Importance of Productive Capacity
The video is a lecture on fiscal policy. The presenter discusses the impact of fiscal policy on economic performance in the short and long run, and the differences between types of fiscal policy, namely expansionary and contractionary....
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Understanding the UK Balance of Payments and Trade Deficits
This video lecture explains the current account and financial account, defining them and their roles in measuring a country's economic activities with other countries. The presenter uses charts and statistics to illustrate the UK's...
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Optimal Currency Areas: Assessing the Eurozone's Suitability
This video lecture discusses the concept of optimal currency areas and applies specific criteria to assess whether the eurozone is an optimal currency area. The four criteria to assess the optimality of a single currency are symmetry of...
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The Impact of Globalization on Economic Welfare, Interdependency Risks, and Sustainability
This video lecture focuses on evaluating the overall impact of globalization and looking at some of its negatives. The speaker begins by outlining the four key areas that need to be considered in evaluating the impact of globalization on...
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Understanding the European Union
The video provides an in-depth overview of the European Union, its history, purpose, and the benefits and drawbacks of membership. The speaker discusses the institutions of the EU and the impact of EU policies on member countries. The...
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A Detailed Look at Supply Side Policies: Improving Efficiency and Productivity in the UK Economy
This is a lecture on supply side policies. The lecturer covers the three key areas of competition policy, regulations, and ownership, focusing on market structures within the UK economy. He addresses policies that influence competition,...
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Supply Side Policies: Labor Market and Financial Market Strategies
In this video, the presenter discusses supply side policies and their objectives, particularly in the labor market and financial market areas. He also discusses the complex nature of taxes and welfare benefits and the potential for...
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Introduction to the World Trade Organization (WTO)
This is a short video lecture on the World Trade Organization (WTO). The video aims to help viewers understand the purpose of the WTO and the role it fulfills in dealing with the rules of trade between nations. The video covers the...
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Analyzing and Explaining Unemployment: Types and Methods of Analysis
This video lecture covers the topic of unemployment. The lecture aims to provide an understanding of different types of unemployment and how to analyze and explain them using economic analysis. The lecture begins with a general...
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Demand and Supply of Money and Monetary Policy: Understanding Wealth and Money Supply
This video is a lesson on the demand and supply of money in the economic system. It explains the difference between wealth and money, the components of the money supply, and how it accommodates the demand for money. It discusses terms...
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Introduction to Economic Policies: Goals, Performance, and Policy Tools
This lecture gives an introduction to economic policies and their relationship with economic activity, economic performance, and economic objectives. The various macroeconomic objectives are discussed, such as inflation rate,...
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Introduction to Trade Protection and its Methods
The video lecture is about trade protection and its impact on domestic production, consumers, and welfare. The speaker starts by defining free trade and analyzing its consequences for consumer and producer surplus. He then explains the...
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Introduction to Supply Side Policy
The video is an introduction to the concept of supply side policy in economics. The speaker explains the difference between supply side policy and fiscal policy and clarifies some common misconceptions about it. He discusses the...
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Central Bank and Monetary Policy: Understanding the Bank of England's Tools and Role
In this video, the presenter provides an overview of the role of the Bank of England in managing the monetary system and achieving monetary stability. He discusses the Monetary Policy Committee, its responsibilities and structure, and...
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Analyzing Trade Protection: Tariffs, Subsidies, and Quotas
In this video lecture, the presenter analyzes trade protection measures such as tariffs, subsidies, and quotas. He explains the impact of each measure on domestic production, imports, consumer surplus, and deadweight loss through various...
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Understanding the Phillips Curve and the Tradeoff between Inflation and Unemployment
The video is about the Phillips curve, which shows the relationship between inflation and unemployment. The speaker explains how to analyze the tradeoff using the Phillips curve and highlights the short-term nature of this tradeoff. He...
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Introduction to Comparative Advantage and Trade
This video provides an in-depth analysis of the concept of comparative advantage in economics. The lecturer, Peter Jordan, begins by building on the concept of absolute advantage in the previous video lecture. He explains that the...