Economics Lectures

Introduction to Economics

Introduction to Economics

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Lecture 1: Introduction to Microeconomics
Instructor: Jon Gruber, 14.01 students
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ECONOMICS AT UNIVERSITY - Chatting about what the first year Economics course at the university of Surrey was like.
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Semester one modules:

1) Introductory Economics

- Indicative content includes:

The definition of economics and rational behaviour,
Specialisation and opportunity cost
Markets, prices and elasticity,
Government intervention in the price system
The competitive firm,
Measuring economic welfare,
Utility theory
Aggregate Demand in a closed or an open economy,
The IS-LM model of the economy

2) Quantitative Methods

- Indicative content includes:

descriptive statistics including central tendency, dispersion, skew
discrete probability distributions
mathematical foundations including linear, quadratic and simultaneous equations with economic applications,
differentiation of functions of one variable
function properties, concavity, convexity
optimisation of economic functions

3) Contemporary Issues in Economics

- Indicative content includes:

The financial crisis
European integration and the sovereign debt crisis
UK public debt
Public policy in the UK: education; health and inequality.

4) Economic Data Analysis

- Indicative content includes:

Data Handling and Charting
Measuring GDP
Measuring consumer prices
Using computer softwares to produce descriptive statistics and charts

Semester two modules:

5) Mathematics for Economics

- Indicative content include:

Partial Derivatives and economic applications
Total differentials and total derivatives
Multivariate optimisation – unconstrained and constrained
Differential calculus, including multivariate calculus
Integral calculus
Series and financial maths

6) Statistics for Economics

- Indicative content includes:

Probability –mutually exclusive, independent and dependent events: Binomial, Poisson, Normal, t and Chi-squared distributions.
Statistical inference – random samples; sampling distributions; confidence intervals and hypothesis testing.
Covariance, correlation and expectation

7) Principles of Macroeconomics

- Indicative content includes:

Market failures
Government failures
Monopoly and oligopoly
Labour markets

8) Principles of Macroeconomics

- Indicative content includes:

Macroeconomic data
How countries grow
Consumers’ and firms’ behaviour
Competitive equilibrium
Consumption, savings, investment and government deficits
Business cycle analysis
Labour markets and unemployment
Money, inflation and banking

(sorry if it seems like I'm completely disregarding A-level economics - definitely didn't mean for it to come out like that. I really enjoyed economics at A-level and at the time I did find it a little tough. I mainly just wanted to accentuate the fact that uni level economics was personally a lot more challenging and the content is quite new + different).

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Featuring author and scholar Dr. Mark Thornton, this lecture was presented to a group of home school parents and students.

In this lecture i have explained International Monetary Fund and World Bank..

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Subject: Micro Economics
Topic: Theory of Production and Cost
Sub Topic: Factors Of Production- Meaning and Introduction
Faculty: C.A. M.K. Jain

Economics 421/521 - Econometrics - Winter 2011 - Lecture 1 (HD)

Watch Online MBA video lectures by IMT-CDL Prof. Rajni Ranjan on Managerial Economics
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Speaker: Lord Turner
This event was recorded on 11 October 2010 in Old Theatre, Old Building
Lord Turner will deliver the 2010 Lionel Robbins Memorial Lecture Series, running for three consecutive evenings (11/12/13 October). The overall theme of the 3 lectures is Economics after the Crisis. Amid the financial crash there was much talk of a crisis of capitalism and the need for a revolution in economics. Two years on much work is in hand to reform global financial regulation, but it is not clear that the crisis will produce change as radical as initially supposed. Adair Turner will argue, however, that the crisis should provoke us to think deeply about the conventional wisdom of the last several decades in which economic growth maximisation is the clear objective of economic policy, and market liberalisation, including in financial markets, the universally applicable means.

Here I have explained the importance of economics from UPSC prelims and mains point of view.

Two pillars of asset pricing
Eugene F. Fama, University of Chicago, IL, USA

Uncertainty outside and inside economic models
Lars Peter Hansen, University of Chicago, IL, USA

Speculative asset prices
Robert J. Shiller, Yale University, New Haven, CT, USA

UCI Math 4: Math for Economists (Summer 2013)
Lec 01. Math for Economists
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Instructor: Jason Kronewetter, Ph.D.

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Description: UCI Math 4 covers the following topics: linear algebra and multivariable differential calculus suitable for economic applications.

Recorded on August 5, 2013

Required attribution: Kronewetter, Jason. Math for Economists 4 (UCI OpenCourseWare: University of California, Irvine), [Access date]. License: Creative Commons Attribution-ShareAlike 3.0 United States License. (

All the important ECONOMIC terms which are being asked in various Exams are covered in this lecture . This lecture will cover Key terms such as GDP , Outsourcing , India China GDP Comparison , Giffin Goods , Gini Coefficient , and much more .

(Note: This lecture is only a part of 3 Sessions )

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In this video I will be explaining to you what is balance of payments,what is CAD etc.

In economics lectures, you will learn 10 topics. All lectures are hindi for Indian students. All are free.

Thanks admiralbob77 for background music which is taken from

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Lectures on non-equilibrium economics at FLACSO (Latin American Social Sciences Institute). This first lecture covers why economics must be a disequilibrium discipline, and why it has thus far failed to become one.

Professor Amos Witztum provides an introduction to economics at the LSE Kick Off Day for students studying by distance learning through the University of London International Programmes in September 2011.

To find out about gaining a University of London qualification with academic direction by LSE through distance learning visit:

Jean Tirole, Nobel Prize Winner 2014 in Economic Sciences, presented his work on Repeated Relationships with Positive Selection during the Spring Meeting of Young Economists 2015, an international conference for young non-tenured researchers in economics.

This year’s edition was organized by the faculty of Economics and Business Administration (Ghent University).

Title of the lecture: Moving Up a Demand Curve: Repeated Relationships with Positive Selection

Abstract: In a number of interesting environments, dynamic screening involves positive selection: in contrast with Coasian dynamics, only the most motivated remain over time. This work provides conditions under which the principal’s commitment solution is time consistent and uses this result to derive testable predictions under permanent or transient shocks. It also identifies environments in which time consistency does not hold despite positive selection, and yet simple equilibrium characterizations can be obtained.

Biography:
“As one of the world’s leading economists, Tirole has been influential in the theoretical and practical application of game theory and information theory to industrial organization and regulation . His research interests also include finance, macroeconomics, international finance and economics and psychology. Tirole also serves as chairman of the executive committee of the Institute for Advanced Study in Toulouse (IAST), which he helped found in 2011. He is an annual visiting professor at the Massachusetts Institute of Technology (MIT) in the department of economics, where he was a professor for eight years before moving to Toulouse in 1992. He is the laureate of the 2014 Nemmers prize in economics and received the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel in the same year.”

Why has Globalization Increased Inequality in Developing Economies?

A Lecture by Eric Maskin, Professor of Economics, Harvard University; Nobel Prize Winner in Economics

Berlin International Economic Congress 2012
(Berlin, March 7th-10th, 2012)

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This year’s prize in Economic Sciences in Memory of Alfred Nobel was awarded Angus Deaton “for his analysis of consumption, poverty, and welfare”.

This presentation was given by Paul Johnson at the IFS public economics lectures, held in London on 7 January 2016.

Subject: Micro Economics
Topic: Theory Of Consumer Behaviour
Sub Topic: Determinants of Demand
Faculty: C.A. M.K. Jain

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CA CS CMA Video Classes Satellite online Classes video lectures and online Satellite Lectures by GOLD MEDALIST CA M K Jain

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Elinor Ostrom, co-recipient of the 2009 Nobel Prize in Economic Sciences and Arthur F. Bentley Professor of Political Science at Indiana University Professor, presents an updated version of her Nobel Prize lecture for an Indiana audience.

This talk was given on February 16,2010

Nobel Prize Lectures given in Stockholm.

United States Then, Europe Now
Thomas J. Sargent, New York University, New York, NY, USA

Statistical Modeling of Monetary Policy and its Effects
Christopher A. Sims, Princeton University, Princeton, NJ, USA

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This economic presentation with Glenn Jacobs, aka Kane, was documented on September 5, 2013.

0:00:00 - 1:03:16 - Austrian Economics Presentation
1:03:30 - 1:16:33 - Q & A

It really ticks me off when I hear leftists and statists talk about how the free market causes wealth inequality, the free market doesn't. The free market though out history has allowed poor people to pull themselves up and has given people more socio economic ability to move up and down the socio economic ladder, up, than anything else in history.
Paul Krugman, who is a keynesian economist par excellence, just wants to inflate like crazy, but yet he writes a column for the New York Times and it's called 'Conscience of a Liberal', because he loves poor people despite the fact that he's the guy that's killing them, but then he'll look at someone like me and say you hate the poor. I don't hate the poor, I hate the fact that they're poor.
—Glenn Jacobs (41:33 - 42:22)

The first lecture in the Kingston University introductory subject Becoming an Economist

Economists clearly disagree with each other, in a manner that is quite unlike both the physical sciences and other social sciences. This lecture discusses why this is so, making an analogy to the state of astronomy back at the time of Copernicus and Galileo, where new observations and a new model challenged the view that the Earth was the center of the Universe. I introduce the 8 or so main approaches to economics, from both Freshwater and Saltwater variants of Neoclassical economics, through to Econophysics

This is the second video in the Economics Animated series. This one focuses on key economic concepts.It covers:
Economics defined
Goods and Bads
Resources
Key Economic Concepts:
--Scarcity implies tradeoffs and opportunity costs: TANSTAAFL
--People tend to choose rationally, responding to incentives and making decisions at the margin.
--Markets and Trade tend to work well and make people better off.
Microeconomics vs. Macroeconomics
Economic models
ceteris paribus

The west historically have been dominating the global economy. With the rise of China and Asia, how would the world change with the new center of economy being a non Western and European focus.

Danny Quah is Professor of Economics and International Development at the London School of Economics and Political Science, and Director of the Southeast Asia Centre at LSE’s new Institute of Global Affairs. He had previously served as LSE’s Head of Department for Economics and Council Member on Malaysia’s National Economic Advisory Council.
Quah is Tan Chin Tuan Visiting Professor at the National University of Singapore, and lectures regularly at Peking University. He studied at Princeton, Minnesota, and Harvard, and was Assistant Professor in the Economics Department at MIT before joining LSE.
Quah gave the third LSE-NUS lecture in 2013, a TEDxLSE lecture in 2012, and the Inaugural LSE Big Questions Lecture in 2011. His current research focuses on the shifting global economy and the rise of the east.

This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at

Prof. Dr. Peter Reichling erläutert die Masterveranstaltungen der Finanzwirtschaft im Studium der Betriebswirtschaftslehre an der der Otto-von-Guericke-Universität Magdeburg.

Prof. Dr. Peter Reichling gives a description of finance lectures in Master's program in Business Economics at Otto-von-Guericke University Magdeburg, Germany.

This is Demo Video Lectures for CA CPT Students covering Elasticity of Demand.
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This is Demo Video Class for CA CPT Students covering Law of Demand.
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Date: Friday 6 June 2014
Speaker: Christine Lagarde
Discussant: Professor Amartya Sen
Chair: Professor Craig Calhoun

Ms Lagarde will be speaking on the theme of 'empowerment'.

Christine Lagarde (@Lagarde) is managing director of the International Monetary Fund. She was appointed in July 2011. A national of France, she was previously French finance minister from June 2007, and had also served as France's minister for foreign trade for two years.

Ms Lagarde also has had an extensive and noteworthy career as an anti-trust and labour lawyer, serving as a partner with the international law firm of Baker & McKenzie, where the partnership elected her as chairman in October 1999. She held the top post at the firm until June 2005 when she was named to her initial ministerial post in France. Ms Lagarde has degrees from Institute of Political Studies (IEP) and from the Law School of Paris X University, where she also lectured prior to joining Baker & McKenzie in 1981.

Amartya Sen is professor of economics at Harvard University and recipient of the 1998 Nobel Prize in Economics. He is an honorary fellow of LSE.

Craig Calhoun is the director of LSE.

Recorded on February 16, 2007 at Duke Law School.

Professor Joseph Stiglitz of Columbia University presents the Sixth Annual Frey Lecture in Intellectual Property.

Meredith and Kip Frey Lecture in Intellectual Property.

Related paper: Joseph E. Stiglitz, Economic Foundations of Intellectual Property Rights, 57 Duke Law Journal 1693-1724 (2008)
Available at:

Nobel laureate, Professor James Heckman (Chicago) delivered a lecture on 3 September 2013 on The Economics of Inequality and Human Development.

This policy lecture was organised by the Centre for the Microeconomic Analysis of Public Policy (CPP) and the Centre for Microdata Methods and Practice, two ESRC research centres hosted at the Institute for Fiscal Studies (IFS).

With support from University College London (UCL) and hosted by the British Academy.

Lawrence Reed, President of FEE, discusses Adam Smith's role in the development of economic thought. Mr. Reed outlines how Smith's background in moral philosophy led to his pioneering the study of economics. This lecture was given during the 2011 FEE Summer Seminars.

Download Indian Economy Notes for APPSC TSPSC here:


Recommended Books for IAS Prelims, APPSC TSPSC Group 1,2


Recommended Books for SSC RRB and Other Competitive Exams


Basics of Economy, Different Branches of economy, Different sectors of economy lucidly explained with pictures and general life examples with focus on keywords and key lines. Very useful for Group 1 prelims, Group 2 and 4 and Staff Selection Commission. All these classes are in bilingual - telugu and english

It is part of lecture presented by Shalini Singh, Lecturer at Biyani Girls College on behalf of Guru KPO. This lecture discusses the two main schools of economics i.e. Classical and Keynesian Economics. The lecture talks about the main foundations on which these two schools of economics have developed. Hope you liked it. For more videos visit:-

FMM Conference The Spectre of Stagnation? Europe in the World
Economy
Introductury Lecure on heterodox economics - Till van Treeck

This Keynote is about: Inequality, imbalances and the crisis

Description of the Conference:
While the Great Financial Crisis has left its mark almost everywhere in the world economy, its regions have taken different paths in the aftermath. Europe, in particular, still suffers a prolonged slump with vast levels of unemployment and outright deflation posing a threat to political and social stability of the European Union. Is stagnation the new normal for Europe? Why did some parts of the world recover faster after the crisis, while others did not? Are their paths economically, ecologically and socially sustainable or do they only mask a general trend towards stagnation? The conference will discuss theoretical and empirical aspects as well as policy options. It will also deal with the implications of these developments for the economics curriculum.

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This is the full session, as part of latest UPSC self prep course.

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Fall 2012

Professor of Poverty Alleviation and Development Economics and director of the Poverty Action Lab at MIT, Esther Duflo explains how randomized trials of strategies to address poverty yield proven outcomes that sometimes contradict anti-poverty policy. She is co-author of Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty.

Her talk at Holy Cross was held October 27, 2011.