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Chapter 29 - The Monetary System 

DrAzevedoEcon
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Barter 1:20
What is money? 2:26
Functions of money 3:27
Commodity money vs fiat money 7:22
Money in the US economy 10:25
M1 and M2 12:50
The Federal Reserve System 16:43
Jobs of the Fed 20:58
The impact of banks on the money supply 25:32
Fractional reserve banking and money creation 32:36
The money multiplier 43:16
The tools of the Fed 46:36
Problems in controlling the money supply 55:27

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4 окт 2024

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Комментарии : 78   
@MulaifaMukwevho
@MulaifaMukwevho 11 месяцев назад
your videos made me score a distinction in semester 1. Keep up the good work
@DrAzevedoEcon
@DrAzevedoEcon 11 месяцев назад
Congratulations! Happy to help!
@topg_57
@topg_57 2 года назад
Thank you professor. Your lectures were quite engaging. I scored decent in my university test by watching your lectures a night before.
@DrAzevedoEcon
@DrAzevedoEcon Год назад
I'm glad the videos helped!
@huonglynguyen6255
@huonglynguyen6255 3 года назад
Just get addicted to many of your lectures! Please continuing teaching like this as I deeply appreciate!
@DrAzevedoEcon
@DrAzevedoEcon 3 года назад
Ha! I'm glad the videos are helping!
@JohnSmith-wy6mh
@JohnSmith-wy6mh 2 года назад
I'm a Chinese student, it's hard for me to look for the English lessons of principles of economics. Really thank you for your lessons.
@GSU_Panther_Nation
@GSU_Panther_Nation Год назад
Well, if you are a Chinese student, then you could easily have searched up economics with the Chinese characters, and is just as great as this one, if not better
@azizatay3714
@azizatay3714 Год назад
The things you said about effects of the cahnges in discount rate and what you write about it are different, and I think the things on the board are the accurate ones. But thank you a lot for these lectures. The lectures are amazing.
@DrAzevedoEcon
@DrAzevedoEcon Год назад
Hmmm....I didn't find a mistake in the video, but I know there there are certainly times when I say one thing and write another. My students will usually point it out if we're in a face-to-face class. Glad you like the videos!
@baratarohankumar1735
@baratarohankumar1735 Год назад
sir your teaching style is fantastic ......the way you teach the concepts get printed in the mind
@DrAzevedoEcon
@DrAzevedoEcon Год назад
Thanks! I've been teaching for a long time. Happy to help!
@SamTuyishime
@SamTuyishime Месяц назад
Thank you sir you really make principle of economics attractive
@StudyLine-i7r
@StudyLine-i7r Год назад
Спасибо большое!!!!! полезно тем, кто в последний день готовится к экзамену
@DrAzevedoEcon
@DrAzevedoEcon Год назад
Я рад помочь!
@timothydaniels2080
@timothydaniels2080 2 года назад
How is this guy so good at writing backwards
@SerenaZhao-rw7ow
@SerenaZhao-rw7ow Год назад
Quote what I learnt from this series, your lessons is truly positive externality! Many thanks💐
@DrAzevedoEcon
@DrAzevedoEcon Год назад
You're welcome! Glad to help!
@ProChartist
@ProChartist 2 месяца назад
Wow, great video and teaching. Thank you!
@IndrishYadav-yf2wu
@IndrishYadav-yf2wu 26 дней назад
Thanks sir , your video is knowledgeable and informative in my govt exam
@chhayankmulchandani4812
@chhayankmulchandani4812 3 года назад
Really helpful lecture sir, respect from India.
@prblakeslee
@prblakeslee 2 месяца назад
Thank you.
@sowhatbtsaremyidols
@sowhatbtsaremyidols Год назад
Best teacher ever !
@DrAzevedoEcon
@DrAzevedoEcon Год назад
Thanks! Glad to help!
@charliejennifer3874
@charliejennifer3874 3 года назад
From May 2020 on, M1 comprises currency, demand deposits, and other liquid deposits. Since Savings accounts are now more liquid, they are no longer part of M2 but part of M1.
@DrAzevedoEcon
@DrAzevedoEcon 3 года назад
Good point. I'll need to record a new video very soon because the tools of the Fed have changed as well.
@ankitYadav_4391
@ankitYadav_4391 10 месяцев назад
Thank you professor for the amazing videos
@DrAzevedoEcon
@DrAzevedoEcon 10 месяцев назад
You're welcome!
@QueenV90z
@QueenV90z Год назад
Thanks for the video. I am preparing for a quiz and the final exam later in the semester.
@DrAzevedoEcon
@DrAzevedoEcon Год назад
You're welcome. Good luck on the quizzes and exam!
@QueenV90z
@QueenV90z Год назад
@@DrAzevedoEcon thank you! 😊
@GvantsaKvelashvili
@GvantsaKvelashvili 4 месяца назад
Very useful lectures thank you!
@DrAzevedoEcon
@DrAzevedoEcon 4 месяца назад
You're welcome! Glad to help
@charliejennifer3874
@charliejennifer3874 3 года назад
Love your new lectures! Very cool system of looking at audience while writing… are you writing backwards so we can see everything properly?If I may make a suggestion, can you write a little larger, most of my students (and me) watch your videos on phones. You have a kind voice and I love that you speak slow enough for students to process the information you are teaching.
@DrAzevedoEcon
@DrAzevedoEcon 3 года назад
Thanks for the kind words! Not writing backwards...the video is just flipped so that it looks that way. I'll try to write larger in the future. I have a habit of trying to fit a lot of information in a small space so that I don't have to erase as much. That's not conducive to watching on a phone.
@gabrielfernandes2880
@gabrielfernandes2880 10 месяцев назад
great class! watching from brazil!!
@DrAzevedoEcon
@DrAzevedoEcon 10 месяцев назад
Thanks!
@bbc-monster
@bbc-monster Год назад
Thank you for the helpful video
@hahoangngan5274
@hahoangngan5274 Год назад
Thank you so much!
@nganduongnguyenthanh2971
@nganduongnguyenthanh2971 2 года назад
Thank you so much, this really helps me.
@deepikaanand8088
@deepikaanand8088 Год назад
can you suggest some more economic interviews or podcast or books . also your videos are very helpful and engaging.
@DrAzevedoEcon
@DrAzevedoEcon Год назад
If you haven't read the Freakonomics books, I highly recommend them. I also recommend the book Reinventing the Bazaar by John McMillan....one of my favorite books.
@kimeonemcleod1576
@kimeonemcleod1576 Год назад
Thank you 🙏🏾
@DrAzevedoEcon
@DrAzevedoEcon Год назад
You're welcome!
@Beecroftj
@Beecroftj 2 года назад
Amazing how he can do mirror writing!!!
@mawiachinzah7141
@mawiachinzah7141 Год назад
Yap
@aisharizqimahirani3255
@aisharizqimahirani3255 4 года назад
Really helped my mid exam !! Thank you sir
@KamelKhelfi-m2f
@KamelKhelfi-m2f 3 месяца назад
Wow I like this
@yolandaafricander
@yolandaafricander 2 года назад
This is great thank you
@rayonnefrett6622
@rayonnefrett6622 4 года назад
Great study material!
@danielk.5890
@danielk.5890 9 месяцев назад
Not sure if I got that right. Even though the transfer of money from bank A to B doesn’t create new money, the expenditure of the credit does as it leads to a new account and new credits loaned. The example of the buried money might be misleading in that respect as this example is completely negligible. Furthermore, I think that the reserve rate can’t be equated with currency as it wasn’t currency in the first place. It is basically just a digital number. I bet that if 5% of all Americans tomorrow would only withdraw 5% of all deposits that the financial institutions wouldn’t stand a chance in hell to pay it in cash. It is in my humble opinion but a token to comfort the public. Thank you for your work.
@shaikhtabrez6535
@shaikhtabrez6535 Год назад
Thank u professor
@DrAzevedoEcon
@DrAzevedoEcon Год назад
You're welcome!
@meetpatel8446
@meetpatel8446 3 года назад
Great work... Please upload the lectures of remaining chapters also🙏
@randomdude7384
@randomdude7384 6 месяцев назад
Do I have to start watching these in the numerical order - from the very first one onward - or can I watch them at random? I've no knowledge about economics whatsoever; it's just certain videos interest me more than others. My only concern is that I don't understand this or a few previous ones, without having watched all the videos you posted in the beginning of the course.
@poetry4582
@poetry4582 2 года назад
perfect
@_foley_6371
@_foley_6371 8 месяцев назад
great lecture sir love from iter soa university bbsr india
@_foley_6371
@_foley_6371 8 месяцев назад
thank you sir love from iter soa university iter
@josec.6504
@josec.6504 4 месяца назад
When we hear in the news about the fed raising or lowering the interest rate, are they talking about the discount rate?
@DrAzevedoEcon
@DrAzevedoEcon 4 месяца назад
Here's a great website with more information on the rates that the Fed adjusts. www.stlouisfed.org/in-plain-english/the-fed-implements-monetary-policy#:~:text=Because%20the%20interest%20on%20reserve,adjust%20the%20federal%20funds%20rate.
@matildalynenskjold6588
@matildalynenskjold6588 Год назад
Hey can you help me out with this? Which of the following statements regarding the capital requirement is true? Check all that apply. It specifies a minimum leverage ratio for all banks. The higher the percentage of assets a bank holds as loans, the higher the capital requirement. Its intended goal is to protect the interests of those who hold equity in the bank.
@turalsfrov8950
@turalsfrov8950 Год назад
Thanks for brief explanation. Could you say which book do you refer?
@DrAzevedoEcon
@DrAzevedoEcon Год назад
You're welcome! I use the text Principles of Economics by Mankiw.
@Palmer-gs3wz
@Palmer-gs3wz Год назад
56:10 in a jar? 😅 funny. Good videos btw
@DrAzevedoEcon
@DrAzevedoEcon Год назад
Ha! Thanks!
@VivianWXA
@VivianWXA Год назад
I have a question, can you explain how to calculate leverage ratio? Thank you!
@robertjohnson9359
@robertjohnson9359 Год назад
what about the change in the constitution in 1913
@DrAzevedoEcon
@DrAzevedoEcon Год назад
You'll have to be more specific about what you're asking.
@midnightbeauty-bx7su
@midnightbeauty-bx7su 3 месяца назад
How would he have that information? He said and I quote the typical money now used in prison is Ramen Noodles so if you have Ramen Noodles you can buy goods and services as commodity money was that pre or post covid when toilet paper did not pan so well? I'll refrain from disrupting class with sarcastic comments. FAQ check?
@DrAzevedoEcon
@DrAzevedoEcon 3 месяца назад
cashessentials.org/is-instant-ramen-a-new-prison-currency/#:~:text=However%2C%20instant%20noodles%20have%20become,%2C%20toothpaste%2C%20and%20cleaning%20services.
@robertjohnson9359
@robertjohnson9359 Год назад
who are the investors ?
@DrAzevedoEcon
@DrAzevedoEcon Год назад
It depends on how you are using that term. Recall that in economics, we use the term 'investment' to refer to what businesses are doing when they buy buildings or equipment in order to produce more output in the future (households also invest when they purchase a new house....we call this residential investment). This is different from how people use the term in everyday language, where it is used to refer to the purchase of a financial asset. If I answer your question as an economist, the investors are the businesses buying buildings or equipment to use to make output. If I answer your question as a noneconomist, the investors would be anyone buying a stock, bond, or other financial investment.
@DrivenDaily196
@DrivenDaily196 Год назад
bro how do you write backawrds like that or am i missing something
@DrAzevedoEcon
@DrAzevedoEcon Год назад
I wish that I could claim that I have mastered reverse writing with my left hand. However, I'm actually writing with my right hand, and I'm writing correctly from my perspective. The image is simply reversed, so that it looks correct from the camera's perspective.
@robertjohnson9359
@robertjohnson9359 Год назад
seriously where is the money coming from
@DrAzevedoEcon
@DrAzevedoEcon Год назад
I answer this question starting at the 31 minute mark of the video.
@nareennawroz7521
@nareennawroz7521 2 года назад
You explain in a way that I don’t care about how much is your vedio ! I just want to listen to you Many thanks🤍
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