60-Second Adventures in Economics - for iPad/Mac/PC podcast

Transcript -- The Phillips Curve

29.8.2012

60-Second Adventures in Economics - for iPad/Mac/PC

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Transcript -- Bill Phillips' curve has historically been described as an inverse relationship between the rate of unemployment and the rate of wage (and therefore price) inflation - but since his analysis became popular the relationship has changed.

Weitere Episoden von „60-Second Adventures in Economics - for iPad/Mac/PC“

The Invisible Hand
29.8.2012
1:22
Economist, Adam Smith, used the term The Invisible Hand to describe the self-regulating nature of the market place - a core concept for so-called free-marketeers.
Transcript -- The Invisible Hand
29.8.2012
Transcript -- Economist, Adam Smith, used the term The Invisible Hand to describe the self-regulating nature of the market place - a core concept for so-called free-marketeers.
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The Paradox of Thrift
29.8.2012
1:22
The Paradox of Thrift suggests that while it may be wise for an individual to save money when income is low and job prospects are precarious, it could be collectively disastrous if everyone is thrifty together.
Transcript -- The Paradox of Thrift
29.8.2012
Transcript -- The Paradox of Thrift suggests that while it may be wise for an individual to save money when income is low and job prospects are precarious, it could be collectively disastrous if everyone is thrifty together.
The Phillips Curve
29.8.2012
1:22
Bill Phillips' curve has historically been described as an inverse relationship between the rate of unemployment and the rate of wage (and therefore price) inflation - but since his analysis became popular the relationship has changed.
Transcript -- The Phillips Curve
29.8.2012
Transcript -- Bill Phillips' curve has historically been described as an inverse relationship between the rate of unemployment and the rate of wage (and therefore price) inflation - but since his analysis became popular the relationship has changed.
The Principle of Comparative Advantage
29.8.2012
1:22
David Ricardo's famous economic model, predicts that if there are just two countries and two products both can be better off if they specialise and trade in the thing they’re relatively best at.
Transcript -- The Principle of Comparative Advantage
29.8.2012
Transcript -- David Ricardo's famous economic model, predicts that if there are just two countries and two products both can be better off if they specialise and trade in the thing they’re relatively best at.
The Impossible Trinity
29.8.2012
1:21
The Impossible Trinity or 'trilemma' suggests that it is impossible for a country to maintain a fixed exchange rate, free capital movement and an independent monetary policy at one and the same time.
Transcript -- The Impossible Trinity
29.8.2012
Transcript -- The Impossible Trinity or 'trilemma' suggests that it is impossible for a country to maintain a fixed exchange rate, free capital movement and an independent monetary policy at one and the same time.

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Transcript -- The Phillips Curve

60-Second Adventures in Economics - for iPad/Mac/PC

Weitere Episoden von „60-Second Adventures in Economics - for iPad/Mac/PC“

The Invisible Hand

Transcript -- The Invisible Hand

The Paradox of Thrift

Transcript -- The Paradox of Thrift

The Phillips Curve

Transcript -- The Phillips Curve

The Principle of Comparative Advantage

Transcript -- The Principle of Comparative Advantage

The Impossible Trinity

Transcript -- The Impossible Trinity