Chapter 29 - The Monetary System

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

Пікірлер: 69

  • @MulaifaMukwevho
    @MulaifaMukwevho6 ай бұрын

    your videos made me score a distinction in semester 1. Keep up the good work

  • @DrAzevedoEcon

    @DrAzevedoEcon

    6 ай бұрын

    Congratulations! Happy to help!

  • @huonglynguyen6255
    @huonglynguyen62553 жыл бұрын

    Just get addicted to many of your lectures! Please continuing teaching like this as I deeply appreciate!

  • @DrAzevedoEcon

    @DrAzevedoEcon

    3 жыл бұрын

    Ha! I'm glad the videos are helping!

  • @topg_57
    @topg_572 жыл бұрын

    Thank you professor. Your lectures were quite engaging. I scored decent in my university test by watching your lectures a night before.

  • @DrAzevedoEcon

    @DrAzevedoEcon

    Жыл бұрын

    I'm glad the videos helped!

  • @nganduongnguyenthanh2971
    @nganduongnguyenthanh29712 жыл бұрын

    Thank you so much, this really helps me.

  • @rayonnefrett6622
    @rayonnefrett66223 жыл бұрын

    Great study material!

  • @chhayankmulchandani4812
    @chhayankmulchandani48123 жыл бұрын

    Really helpful lecture sir, respect from India.

  • @aisharizqimahirani3255
    @aisharizqimahirani32554 жыл бұрын

    Really helped my mid exam !! Thank you sir

  • @bbc-monster
    @bbc-monster8 ай бұрын

    Thank you for the helpful video

  • @yolandaafricander4346
    @yolandaafricander4346 Жыл бұрын

    This is great thank you

  • @meetpatel8446
    @meetpatel84463 жыл бұрын

    Great work... Please upload the lectures of remaining chapters also🙏

  • @hahoangngan5274
    @hahoangngan52747 ай бұрын

    Thank you so much!

  • @SerenaZhao-rw7ow
    @SerenaZhao-rw7ow Жыл бұрын

    Quote what I learnt from this series, your lessons is truly positive externality! Many thanks💐

  • @DrAzevedoEcon

    @DrAzevedoEcon

    Жыл бұрын

    You're welcome! Glad to help!

  • @poetry4582
    @poetry4582 Жыл бұрын

    perfect

  • @JohnSmith-wy6mh
    @JohnSmith-wy6mh2 жыл бұрын

    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.

  • @WillTheVideoMaker

    @WillTheVideoMaker

    Жыл бұрын

    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

  • @user-sf2bt9ur2v
    @user-sf2bt9ur2v Жыл бұрын

    Спасибо большое!!!!! полезно тем, кто в последний день готовится к экзамену

  • @DrAzevedoEcon

    @DrAzevedoEcon

    Жыл бұрын

    Я рад помочь!

  • @azizatay3714
    @azizatay371411 ай бұрын

    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

    11 ай бұрын

    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!

  • @ankitYadav_4391
    @ankitYadav_43915 ай бұрын

    Thank you professor for the amazing videos

  • @DrAzevedoEcon

    @DrAzevedoEcon

    5 ай бұрын

    You're welcome!

  • @baratarohankumar1735
    @baratarohankumar1735 Жыл бұрын

    sir your teaching style is fantastic ......the way you teach the concepts get printed in the mind

  • @DrAzevedoEcon

    @DrAzevedoEcon

    Жыл бұрын

    Thanks! I've been teaching for a long time. Happy to help!

  • @sowhatbtsaremyidols
    @sowhatbtsaremyidols Жыл бұрын

    Best teacher ever !

  • @DrAzevedoEcon

    @DrAzevedoEcon

    Жыл бұрын

    Thanks! Glad to help!

  • @kimeonemcleod1576
    @kimeonemcleod1576 Жыл бұрын

    Thank you 🙏🏾

  • @DrAzevedoEcon

    @DrAzevedoEcon

    Жыл бұрын

    You're welcome!

  • @user-gt7ps5eq1z
    @user-gt7ps5eq1z8 күн бұрын

    Very useful lectures thank you!

  • @DrAzevedoEcon

    @DrAzevedoEcon

    7 күн бұрын

    You're welcome! Glad to help

  • @gabrielfernandes2880
    @gabrielfernandes28806 ай бұрын

    great class! watching from brazil!!

  • @DrAzevedoEcon

    @DrAzevedoEcon

    5 ай бұрын

    Thanks!

  • @user-yv9eb9ik5n
    @user-yv9eb9ik5n11 ай бұрын

    I have a question, can you explain how to calculate leverage ratio? Thank you!

  • @user-xn7pc4op7g
    @user-xn7pc4op7g7 ай бұрын

    Sir please, post lectures on monetary economics, managerial economics,and also mathematical economics, stay blessed

  • @charliejennifer3874
    @charliejennifer38742 жыл бұрын

    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

    2 жыл бұрын

    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.

  • @QueenV90z
    @QueenV90z Жыл бұрын

    Thanks for the video. I am preparing for a quiz and the final exam later in the semester.

  • @DrAzevedoEcon

    @DrAzevedoEcon

    Жыл бұрын

    You're welcome. Good luck on the quizzes and exam!

  • @QueenV90z

    @QueenV90z

    Жыл бұрын

    @@DrAzevedoEcon thank you! 😊

  • @_foley_6371
    @_foley_63713 ай бұрын

    great lecture sir love from iter soa university bbsr india

  • @charliejennifer3874
    @charliejennifer38742 жыл бұрын

    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

    2 жыл бұрын

    Good point. I'll need to record a new video very soon because the tools of the Fed have changed as well.

  • @matildalynenskjold6588
    @matildalynenskjold658810 ай бұрын

    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.

  • @deepikaanand8088
    @deepikaanand8088 Жыл бұрын

    can you suggest some more economic interviews or podcast or books . also your videos are very helpful and engaging.

  • @DrAzevedoEcon

    @DrAzevedoEcon

    Жыл бұрын

    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.

  • @randomdude7384
    @randomdude7384Ай бұрын

    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.

  • @timothydaniels2080
    @timothydaniels2080 Жыл бұрын

    How is this guy so good at writing backwards

  • @shaikhtabrez6535
    @shaikhtabrez6535 Жыл бұрын

    Thank u professor

  • @DrAzevedoEcon

    @DrAzevedoEcon

    Жыл бұрын

    You're welcome!

  • @_foley_6371
    @_foley_63713 ай бұрын

    thank you sir love from iter soa university iter

  • @Beecroftj
    @Beecroftj2 жыл бұрын

    Amazing how he can do mirror writing!!!

  • @mawiachinzah7141

    @mawiachinzah7141

    7 ай бұрын

    Yap

  • @danielk.5890
    @danielk.58904 ай бұрын

    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.

  • @turalsfrov8950
    @turalsfrov8950 Жыл бұрын

    Thanks for brief explanation. Could you say which book do you refer?

  • @DrAzevedoEcon

    @DrAzevedoEcon

    Жыл бұрын

    You're welcome! I use the text Principles of Economics by Mankiw.

  • @Palmer-gs3wz
    @Palmer-gs3wz Жыл бұрын

    56:10 in a jar? 😅 funny. Good videos btw

  • @DrAzevedoEcon

    @DrAzevedoEcon

    Жыл бұрын

    Ha! Thanks!

  • @DrivenDaily196
    @DrivenDaily196 Жыл бұрын

    bro how do you write backawrds like that or am i missing something

  • @DrAzevedoEcon

    @DrAzevedoEcon

    Жыл бұрын

    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 Жыл бұрын

    what about the change in the constitution in 1913

  • @DrAzevedoEcon

    @DrAzevedoEcon

    Жыл бұрын

    You'll have to be more specific about what you're asking.

  • @robertjohnson9359
    @robertjohnson9359 Жыл бұрын

    who are the investors ?

  • @DrAzevedoEcon

    @DrAzevedoEcon

    Жыл бұрын

    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.

  • @robertjohnson9359
    @robertjohnson9359 Жыл бұрын

    seriously where is the money coming from

  • @DrAzevedoEcon

    @DrAzevedoEcon

    Жыл бұрын

    I answer this question starting at the 31 minute mark of the video.

  • @nareennawroz7521
    @nareennawroz75212 жыл бұрын

    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🤍