Annenberg Learner Collection from Collegeanywhere

Total Page：16

File Type：pdf, Size：1020Kb

Annenberg Learner Collection from Collegeanywhere

ANNENBERG LEARNER from SOCIAL STUDIES ECONOMICS U$A: 21st CENTURY EDITION 30 MINUTE PROGRAMS • Markets • The Firm • Supply and Demand • Perfect Competition / Inelastic Demand • Economic Efficiency • Monopoly • Oligopolies • Pollution and the Environment • Labor and Management • Profits and Interest • Reducing Poverty • Economic Growth • Public Goods and Responsibility • Resources and Scarcity • GNP / GDP • Boom and Bust • The Great Depression and the A video instructional series on micro- and macroeconomics for college Keynesian Revolution and high school classrooms and adult learners; 28 half-hour video • Fiscal Policy programs; 28 audio programs; coordinated text and guides; and website. • Inflation Explore economic history, theory, and practice through case studies and • The Banking System • The Federal Reserve interviews with Nobel-prize winning and major economists. The series • Stagflation covering macro, micro, and international economics features Milton • Productivity Friedman, Paul Samuelson, John Kenneth Galbraith, Alice Rivlin, and Ben • Federal Deficits Bernanke, among others. Major economic events, including the 2008 • Monetary Policy • Stabilization Policy banking crisis and technology’s influence on the economy, connect • International Trade economic theory to the headlines. The full complement of material • Exchange Rates includes audio interviews and a coordinated website. Economics U$A: 21st Century Edition is produced by the Educational Film Center. Economics U$A: 21st Century Edition is part of the Annenberg Learner Collection from CollegeAnywhere. Watch a preview at CollegeAnywhere.org/Learner-Economics21 See more about the Annenberg Learner Collection at CollegeAnywhere.org/Learner Stream the Collection! Contact us at (855)227-8732 ext. 707 or [email protected].

Copy Link

Recommended publications

Why Should We Worry About the National Debt: MITCH DANIELS Questions and Answers LEON PANETTA TIM PENNY April 16, 2019
CHAIRMEN Why Should We Worry About the National Debt: MITCH DANIELS Questions and Answers LEON PANETTA TIM PENNY April 16, 2019 “Why Should We Worry About the National Debt?” describes six important ways PRESIDENT MAYA MACGUINEAS that the growing national debt will affect the budget and the economy. Below, we answer specific questions frequently raised about the topic. DIRECTORS Isn’t debt sustainable when the economy grows faster than interest rates? BARRY ANDERSON Despite the fact economic growth rate is higher than government interest rates (r<g), ERSKINE BOWLES CHARLES BOWSHER debt remains on an unsustainable trajectory in the United States. Economist Olivier KENT CONRAD Blanchard and others have pointed out that governments can shrink their debt-to- DAN CRIPPEN GDP ratio while still borrowing to finance their interest payments when r<g. VIC FAZIO However, this only leads to a sustainable outcome if a government is running a WILLIS GRADISON primary balance (revenue equals non-interest spending) or a sufficiently modest JANE HARMAN WILLIAM HOAGLAND primary deficit. The United States today is running a large and growing primary JIM JONES deficit. As a result, both debt and interest payments will continue to rise faster than LOU KERR the economy despite low interest rates. There is also no guarantee that the economic JIM KOLBE growth rate will remain higher than interest rates, particularly as rising debt puts CYNTHIA LUMMIS MARJORIE MARGOLIES downward pressure on growth and upward pressure on rates. DAVE MCCURDY JAMES MCINTYRE, JR. Do low interest rates mean deficits don’t “crowd out” investment? DAVID MINGE Evidence suggests that today’s low interest rates are in spite of, not because of, high JUNE O’NEILL deficits and debt – and that deficits continue to “crowd out” investment.
[Show full text]
The Defense Program and the Economy Hearings
THE DEFENSE PROGRAM AND THE ECONOMY HEARINGS BEFORE THE SUBCOMMITTEE ON ECONOMIC GOALS AND INTERGOVERNMENTAL POLICY OF THE JOINT ECONOMIC COMMITTEE CONGRESS OF THE UNITED STATES NINETY-SEVENTH CONGRESS FIRST AND SECOND SESSIONS PART 1 OCTOBER 7, 13, 22, AND 29, 1981, AND DECEMBER 15, 1982 Printed for the use of the Joint Economic Committee U.S. GOVERNMENT PRINTING OFFICE 9-760 WASHINGTON:.1983 JOINT ECONOMIC COMMITTEE (Created pursuant to see. 5(a) of Public law 304, 79th Cong.) HOUSE OF REPRESENTATIVES SENATE HENRY S. REUSS, Wisconsin, Chairman ROGER W. JEPSEN, Iowa, Vice Chairman RICHARD BOLLING, Missouri WILLIAM V. ROTH, Ja., Delaware LEE H. HAMILTON, Indiana JAMES ABDNOR, South Dakota. GILLIS W. LONG, Louisiana STEVEN D. SYMMS, Idaho PARREN J. MITCHELL, Maryland PAULA HAWKINS, Florida FREDERICK W. RICHMOND, New York' MACK MATTINGLY, Georgia CLARENCE J. BROWN, Ohio LLOYD BENTSEN, Texas MARGARET M. HECKLER, Massachusetts WILLIAM PROXMIRE, Wisconsin JOHN H. ROUSSELOT, California EDWARD M. KENNEDY, Massachusetts CHALMERS P. WYLIE, Ohio PAUL S. SARBANES, Maryland JAMES K. GALBRAITH, Executive Director BRucE R. BARTLETT, Deputy Director SUBCOMMITTEE ON ECONOMIC GOALS AND INTERGOVEBNMENTAL PoLIor HOUSE OF REPRESENTATIVES SENATE LEE H. HAMILTON, Indiana, Chairman LLOYD BENTSEN, Texas, Vice Chairman RICHARD BOLLING, Missouri PAULA HAWKINS, Florida STEVEN D. SYMMS, Idaho MACK MATTINGLY, Georgia 1 Representative Richmond resigned from the U.S. House of Representatives on Aug. 25, 1982, and Representative Augustus F. Hawkins, of California, was subsequently appointed to the committee on Sept. 23, 1982. CONTENTS WITNESSES AND STATEMENTS WEDNESDAY, OCTOBEB 7, 1981 Reuss, Hon. Henry S., chairman of the Joint Economic Committee: Open- Page ing statement ------------------------------------------------- 1 Weidenbaum, Hon.
[Show full text]
Janet Yellen's Legacy at the Federal Reserve
Journal of Finance and Bank Management December 2019, Vol. 7, No. 2, pp. 82-87 ISSN: 2333-6064 (Print), 2333-6072 (Online) Copyright © The Author(s). All Rights Reserved. Published by American Research Institute for Policy Development DOI: 10.15640/jfbm.v7n2a6 URL: https://doi.org/10.15640/jfbm.v7n2a6 Janet Yellen’s Legacy at the Federal Reserve Alexander G. Kondeas1 Abstract This paper examines the empirical results of the monetary policies followed by the Federal Reserve during the period of 2010-2018, when Janet Yellen served first as vice chair (2010-2014) and subsequently as chair (2014-2018) of the Federal Reserve Board of Governors. As the Central Bank of the United States, the Federal Reserve System (FED) is entrusted with conducting the monetary policy in a way that fulfills the Congressional dual mandate of price stability and full employment. Janet Yellen generally adhered to a dovish view of monetary policy, one that favors looser monetary control and lower interest rates in order to stimulate economic growth. At first glance, the dual mandate was satisfied during her eight years of progressively higher leadership roles at the FED. The economic recovery from the Great Recession (2007- 2008) continued, inflation remained tamed, and the rate of unemployment fell to its lowest level since 1970. Yet a closer look at consumer spending and private fixed investment indicate a sharp decline in the years following the Great Recession and until the end of Yellen’s term at the FED. It is difficult therefore, to argue that the loose monetary policies of her years in office had much of a stimulating effect on the household sector or the business sector.
[Show full text]
Symposium Proceedings, 1998: Income Inequality: Issues And
The Contributors A.B. Atkinson, Warden, Nuffield College, Oxford University Mr. Atkinson is currently serving as warden of Nuffield College, Oxford University. Previously, he was professor of political econ- omy at the University of Cambridge, and chairman of the Suntory Toyota International Centre at the London School of Economics. A fellow of the British Academy, he is a past president of the Royal Economic Society, the Econometric Society, the European Eco- nomic Association, and the International Economic Association. He has served on the Royal Commission on the Distribution of Income and Wealth, the Pension Law Review Committee, and the Commis- sion on Social Justice. He is also the author or co-author of a number of books dealing with public economic issues and income distribution. Alan S. Blinder, Professor, Princeton University Mr. Blinder is the Gordon S. Rentschler Memorial Professor of Economics and co-director and founder of the Center for Economic Policy Studies at Princeton University where he has been a member of the faculty since 1971. He is also vice chairman of the G-7 Group. Between June 1994 and January 1996, he was vice chairman of the Board of Governors of the Federal Reserve System. Before joining the Board, he was a member of President Clinton’s Council of Eco- nomic Advisers where he was in charge of macroeconomic forecast- ing and also worked on budget, international trade, and health care issues. Mr. Blinder is the author or co-author of 12 books and scores ix x Contributors of articles on such topics as fiscal policy, monetary policy, and the distribution of income.
[Show full text]
Regional Oral History Office University of California the Bancroft Library Berkeley, California
Regional Oral History Office University of California The Bancroft Library Berkeley, California Charles Schultze Slaying the Dragon of Debt: Fiscal Politics and Policy from the 1970s to the Present A project of the Walter Shorenstein Program in Politics, Policy and Values Interviews conducted by Martin Meeker in 2010 Copyright © 2011 by The Regents of the University of California ii Since 1954 the Regional Oral History Office has been interviewing leading participants in or well-placed witnesses to major events in the development of Northern California, the West, and the nation. Oral History is a method of collecting historical information through tape-recorded interviews between a narrator with firsthand knowledge of historically significant events and a well-informed interviewer, with the goal of preserving substantive additions to the historical record. The tape recording is transcribed, lightly edited for continuity and clarity, and reviewed by the interviewee. The corrected manuscript is bound with photographs and illustrative materials and placed in The Bancroft Library at the University of California, Berkeley, and in other research collections for scholarly use. Because it is primary material, oral history is not intended to present the final, verified, or complete narrative of events. It is a spoken account, offered by the interviewee in response to questioning, and as such it is reflective, partisan, deeply involved, and irreplaceable. ********************************* All uses of this manuscript are covered by a legal agreement between The Regents of the University of California and Charles Schultze, dated January 19, 2011. The manuscript is thereby made available for research purposes. All literary rights in the manuscript, including the right to publish, are reserved to The Bancroft Library of the University of California, Berkeley.
[Show full text]
Henry Aaron, Brookings Insitution Gilbert Metcalf, Tufts University
An Open Statement Opposing Proposals for a Gas Tax Holiday In recent weeks, there have been proposals in Congress and by some presidential candidates to suspend the gas tax for the summer. As economists who study issues of energy policy, taxation, public finance, and budgeting, we write to indicate our opposition to this policy. Put simply, suspending the federal tax on gasoline this summer is a bad idea and we oppose it. There are several reasons for this opposition. First, research shows that waiving the gas tax would generate major profits for oil companies rather than significantly lowering prices for consumers. Second, it would encourage people to keep buying costly imported oil and do nothing to encourage conservation. Third, a tax holiday would provide very little relief to families feeling squeezed. Fourth, the gas tax suspension would threaten to increase the already record deficit in the coming year and reduce the amount of money going into the highway trust fund that maintains our infrastructure. Signers of this letter are Democrats, Republicans and Independents. This is not a partisan issue. It is a matter of good public policy. Henry Aaron, Brookings Insitution Gilbert Metcalf, Tufts University Joseph Stiglitz, Columbia University (Nobel Prize in Economics, 2001) James Heckman, University of Chicago (Nobel Prize in Economics, 2000) Daniel Kahneman, Princeton University (Nobel Prize in Economics, 2002) Charles Schultze, Brookings Institution (President of the American Economic Association, 1984, Chairman Council of Economic Advisers 1977-1981, Director, Bureau of the Budget, 1965-1967) Alice Rivlin, Brookings Institution (President of the American Economic Association, 1986, Director of O.M.B.
[Show full text]
The Buttonwood Gathering New York, October 25 - 26, 2010 the Graduate Center/City University of New York
The Buttonwood Gathering New York, October 25 - 26, 2010 The Graduate Center/City University of New York About the event At last year’s Buttonwood Gathering, National Economic Council Director Larry Summers called on banks to accept the responsibility of greater regulation as a service to their country. Have they taken his words to heart? As the news continues to tell of a weak and jobless recovery, are banks and other financial institutions living up to their responsibilities? Once again in 2010, The Buttonwood Gathering will draw together leading policymakers, banking executives and regulators to discuss restoring trust in the financial system and evaluate our place on the road to recovery. Chair person John Micklethwait, Editor-in-Chief, The Economist The Bagehot lecture Mervyn King, Governor, Bank of England Confirmed speakers Mark Almeida, President, Moody’s Analytics Clifford Asness, Managing & Founding Principal, AQR Capital Management Zanny Minton Beddoes, Economics Editor, The Economist Matthew Bishop, American Business Editor, New York Bureau Chief, The Economist Joshua Bolten, Visiting Professor, Princeton University Joyce Chang, Managing Director and Global Head of Emerging Markets Strategy and Credit Research, JPMorgan James Chanos, Founder and Managing Partner, Kynikos Associates Ed Clark, President and Chief Executive Officer, TD Bank Financial Group Philip Coggan, Capital Markets Editor and Buttonwood Columnist, The Economist Sean Dobson, Chairman and Chief Executive Officer, Amherst Securities Group Former Senator Pete
[Show full text]
Health Care Reform: Healthwill We Care Ever Reform: Willget Weit Right? Ever Get It
The Thomas Willis Lambeth Lecture Health Care Reform: HealthWill We Care Ever Reform: WillGet WeIt Right? Ever Get It ALICE M. RIVLIN Senior Fellow, The Brookings Institution Right?Visiting Professor, Georgetown University September 27, 2012 THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL HEALTH CARE REFORM: WILL WE EVER GET IT RIGHT? The Thomas Willis Lambeth Lecture in Public Policy is sponsored and published in association with the Department of Public Policy, University of North Carolina at Chapel Hill CB# 3435 Abernethy Hall © Alice M. Rivlin 2012. Chapel Hill, North Carolina 27599-3435. All rights reserved. Lecture and publication costs are supported by the generous gift of an anonymous donor. ALICE M. RIVLIN Health Care Reform: Will We Ever Get It Right? HEALTH CARE REFORM: WILL WE EVER GET IT RIGHT? am honored to have been asked to replace the late Elinor Ostrom, who had agreed to give this lecture before her death in June of this year. Elinor I was an original thinker – a constructive maverick who made important contributions to economics from outside the mainstream of the discipline. She was a prolific researcher, who inspired a generation of development economists around the world. She focused on how real people in many parts of the developing world set up their own rules for sustainable management of the common resources on which their lives depend. Many of us were delighted when her contributions were recognized with a Nobel Prize in Economics. In our different ways, Elinor Ostrom and I have both worked at the intersection of economics and political science.
[Show full text]
106–928 District of Columbia Appropriations for Fiscal Year 2001
S. HRG. 106–928 DISTRICT OF COLUMBIA APPROPRIATIONS FOR FISCAL YEAR 2001 HEARING BEFORE A SUBCOMMITTEE OF THE COMMITTEE ON APPROPRIATIONS UNITED STATES SENATE ONE HUNDRED SIXTH CONGRESS SECOND SESSION ON H.R. 4942 and 5633/S. 3041 AN ACT MAKING APPROPRIATIONS FOR THE GOVERNMENT OF THE DISTRICT OF COLUMBIA AND OTHER ACTIVITIES CHARGEABLE IN WHOLE OR IN PART AGAINST THE REVENUES OF SAID DISTRICT FOR THE FISCAL YEAR ENDING SEPTEMBER 30, 2001, AND FOR OTHER PURPOSES Council of the District of Columbia Financial Responsibility and Management Assistance Authority Office of the Mayor Printed for the use of the Committee on Appropriations ( Available via the World Wide Web: http://www.access.gpo.gov/congress/senate U.S. GOVERNMENT PRINTING OFFICE 62–772 cc WASHINGTON : 2001 For sale by the U.S. Government Printing Office Superintendent of Documents, Congressional Sales Office, Washington, DC 20402 COMMITTEE ON APPROPRIATIONS TED STEVENS, Alaska, Chairman THAD COCHRAN, Mississippi ROBERT C. BYRD, West Virginia ARLEN SPECTER, Pennsylvania DANIEL K. INOUYE, Hawaii PETE V. DOMENICI, New Mexico ERNEST F. HOLLINGS, South Carolina CHRISTOPHER S. BOND, Missouri PATRICK J. LEAHY, Vermont SLADE GORTON, Washington FRANK R. LAUTENBERG, New Jersey MITCH MCCONNELL, Kentucky TOM HARKIN, Iowa CONRAD BURNS, Montana BARBARA A. MIKULSKI, Maryland RICHARD C. SHELBY, Alabama HARRY REID, Nevada JUDD GREGG, New Hampshire HERB KOHL, Wisconsin ROBERT F. BENNETT, Utah PATTY MURRAY, Washington BEN NIGHTHORSE CAMPBELL, Colorado BYRON L. DORGAN, North Dakota LARRY CRAIG, Idaho DIANNE FEINSTEIN, California KAY BAILEY HUTCHISON, Texas RICHARD J. DURBIN, Illinois JON KYL, Arizona STEVEN J. CORTESE, Staff Director LISA SUTHERLAND, Deputy Staff Director JAMES H.
[Show full text]
Front Matter, INCOME INEQUALITY Regional Analyses Within a Human
This PDF is a selection from an out-of-print volume from the National Bureau of Economic Research Volume Title: Income Inequality: Regional Analyses within a Human Capital Framework Volume Author/Editor: Barry R. Chiswick Volume Publisher: NBER Volume ISBN: 0-870-14264-X Volume URL: http://www.nber.org/books/chis74-1 Publication Date: 1974 Chapter Title: Front matter, Income Inequality: Regional Analyses within a Human Capital Framework Chapter Author: Barry R. Chiswick Chapter URL: http://www.nber.org/chapters/c3668 Chapter pages in book: (p. -16 - 0) INCOME INEQUALITY Regional Analyses within a Human Capital Framework NATIONAL BUREAU OF ECONOMIC RESEARCH Human Behavior and Social Institutions 4 Ic Income Inequality RegionalAnalyses within a Human Capital Framework CH BarryR. Chiswick National Bureau of Economic Research and Queens College, C.U.N.Y. ER NationalBureau of Economic Research New York 1974 Distributed by Columbia University Press New York and London Copyright t 1974 by the National Bureau of Economic Research Al! Rights Reserved library of Congress card nO.: 73—88509 ISBN: O—87014—264—X Printed in the United States of America NATIONAL BUREAU OF ECONOMIC RESEARCH OFFICERS Arthur F. Burns, Honorary Chairman Edwin Kuh, Director. Computer Research Walter W. Heller,Chairman Center J. Wilson Newman, Vice Chairman Hal B. Lacy. Vice Preoident-Research John R. Meyer, President Robert E. Lipsey, Vice President-Research Thomas 0. Flynn, Treasurer Sherman J. Maisel, Co-director NBER. West Douglas H. Eldridge, Vice President. Geoffrey H. Moore, Vice President-Research ExecutiveSec retarv Edward K. Smith, Vice President VictorR. Fuchs, Vice President-Research: Co-director NBER-West DIRECTORS AT LARGE Atherton Bean, international Multifoods Corporation J.
[Show full text]
Remarks at the Memorial of Charles L. Schultze the Brookings Institution November 4, 2016
Remarks at the memorial of Charles L. Schultze The Brookings Institution November 4, 2016 Remarks by Ted Gayer Vice President, Economic Studies at Brookings Good afternoon, everyone. My name is Ted Gayer, I’m Vice President and Director of the Economic Studies program here at Brookings. I’d like to start by thanking Charlie’s children—Chris, Carol, Lynn, Kathleen, Kevin, and Karen—for asking us to host his memorial service at Brookings. The Economics Studies program is a vibrant intellectual community, a community of experts who analyze, assess, opine, debate (and even at times, argue) about the most critical of economic questions. Most days we are up on this stage discussing big, weighty, global problems. But we should not forget that this place is a local community—a community of colleagues and friends, of people kibitzing about sports and politics and books and music, of people caring for each other and for each others’ families, and of people missing those of our community who are no longer with us. By allowing us to host this memorial service for Charlie, his family has recognized this place as the community that it is, a community of people who deeply respected and cared about Charlie. While I knew of Charlie professionally for much of my adult life given his prominence in the field, I only met him and grew to know him personally about 7 years ago when I first came to Brookings. It’s a heady thing to meet a legend in one’s profession. Heady, but not intimidating, since Charlie was eminently approachable.
[Show full text]
The Honorable Alice Rivlin Award for Leadership Excellence ______
The Economic Club of New York 444th Meeting 108th year ______________________________ The Honorable Alice Rivlin Award for Leadership Excellence ______________________________ April 21, 2015 Questioners: Glenn Hubbard Columbia University School of Business Former Chair, Economic Club of New York Roger Ferguson President and Chief Executive Officer, TIAA-CREF Former Chair, Economic Club of New York The Economic Club of New York – The Honorable Alice Rivlin – April 21, 2015 Page 1 Introduction Chairman William C. Dudley Good afternoon everybody. Welcome to the 444th meeting of the Economic Club in our 108th year. The Economic Club of New York is the nation’s leading nonpartisan forum for economic policy speeches. More than 1,000 guest speakers have appeared before the Club over the last century and we’ve established a strong tradition of excellence. I want to recognize and thank the 225 members of our Centennial Society. These club members have made an extraordinary contribution to ensure the financial stability of the Club into its second century. Their names are in your program and on our website. Also, I’d like to welcome students from Rutgers Business School, The New School, Barnard, and Fairleigh Dickinson University. Thanks to trustees Abby Joseph Cohen, Glenn Hutchins, and Marie-Josee Kravis, who make their attendance possible today. This is a special lunch. We’re presenting our third Economic Club of New York Award for Leadership Excellence to Alice Rivlin. The prize is given every two years to an individual who has exhibited excellence in leadership in economic policy. Past awards have gone to George Shultz and Paul Volcker.
[Show full text]