Heavily involved in U.S. industrial mobilization during World War II, he was appointed Chair of the War Production Board’s planning committee in 1942. Dr. Stein received his B.A. Mr. Riedl received his B.A. from Columbia University and L.L.B. See how economic principles affect choices. This video explains the concept of demand. Dr. Laffer received his B.A. Dr. Bernanke received his B.A. Prominent broadcast journalist best known for his work at CBS where he served as Chief of the Washington Bureau, 1946–1954. and M.Sci. Dr. Bernstein received his Ph.B. from The College of Wooster and Ph.D. in Economics from the University of Michigan. Union advocate, organizer in the International Ladies’ Garment Workers’ Union (ILGWU), and author who wrote about that union’s history. 11. Dr. Galbraith received his B.A. She served as president of the Duke Farms Foundation and the Doris Duke Foundation for Islamic Art and became an IBM director in 2004. Mr. Boies received his B.S. As Merck’s Vice President for Global Health Policy, he directed U.S. policy and represented Merck before Congress, the Administration, and the media. Dr. Blinder received his B.A. Mr. Nathan received his B.A. After his election in 1972, Richard Nixon ordered a 90-day nationwide price and wage freeze after the Federal Reserve failed to curb inflation. Senior Fellow of Economic Studies at the Brookings Institution and noted health-care expert, focusing on financial reform of Medicare, Medicaid, Social Security, and tax and budget policy. She lectured in economics at the University of Pittsburgh, where she became the Distinguished Public Service Professor of Economics. versión español from Syracuse University. Economics USA: Profits and Interest Video Transcript Prominent attorney involved in many high-profile cases, including United States v. Microsoft, during which Bill Gates said that Boies was “out to destroy Microsoft” but the Washington Monthly called him “a latter-day Clarence Darrow.” He also represented Vice President Al Gore in Bush v. Gore; defended CBS in an action brought by General William Westmoreland; defended Napster when the company was sued for copyright infringement; and is representing filmmaker Michael Moore regarding a Treasury Department investigation into Moore’s trip to Cuba while filming for Sicko. Big Picture TV has a specialist economics area. After the war, he taught at Stanford, where he became Chair of the Department of Economics. Boom and Bust Dr. Sprinkel received his B.S. Learning Glass videos (left) provide tutorials for topics where students tend to struggle. These stories examine how the “invisible hand” behind free markets operates, the reasons for interfering with free markets, and the costs of doing so. from the McGeorge School of Law. to get started. from Georgetown University Law School. and D.Phil. He also served as White House Counsel to President Ronald Reagan. Economics USA: Perfect Competition/Inelastic Demand Audio Transcript, Unit 5 The debate on just how much the government should produce is highlighted in these stories. After the war, he started a consultancy firm called Robert R. Nathan Associates. Previously, he worked in radio and as a lead anchor at WJLA-TV 7 in Washington, D.C. Television Journalist A prominent newspaper and television journalist for CBS and ABC News, where he worked alongside broadcast luminaries Walter Cronkite and Dan Rather, covering the Vietnam War, the Watergate trials, the U.S. Space Program, and other key events. in Public Policy from the John F. Kennedy School of Government, and J.D. Von Neuman Whitman received her B.A. Economic theory seeks to explain the production and consumption of goods. Earlier, as General Counsel of the U.S. Treasury Department, he had a significant role in developing proposals for the deregulation of the financial services industry. from Northwestern University and L.L.B. Mr. Heller received his B.A. Bush’s Council of Economic Advisers and as a Faculty Research Fellow and Research Associate at the National Bureau of Economic Research. This video uses these three concepts to explain why there is no such thing as a free lunch. Keynes and how the theory behind Keynsian economics explained the Great Depression. Adviser to the federal government during World War II, valued for his expertise in monetary policy. from Bryn Mawr College and Ph.D. in Economics from Radcliffe College (Harvard University). This notion gave him the reputation of being a pragmatic conservative, jokingly referred to as a “liberal’s conservative and a conservative’s liberal.” He was the author of The Fiscal Revolution in America and was on the board of contributors of the Wall Street Journal. from the University of Missouri and Ph.D. in Economics from Yale University. in Political Science from the University of California at Berkeley, where she was also a doctoral candidate. At the Brookings Institution, he applied his growth-accounting methodology in Why Growth Rates Differ and How Japan’s Economy Grew So Fast. He attended the University of Florida College of Law, graduating with his law degree in 1956. from Princeton University. The U.S. auto industry lost a lot of mileage in 1973 with the rise of the more efficient Japanese imports. Mr. Salant received his B.A. He joined the faculty at the Maxwell School of Citizenship and Public Affairs, becoming Chair of the Department of Economics, 1997–2001. He was a Keynesian who promoted cuts in the marginal federal income tax rates, which were passed by President Johnson and Congress after Kennedy’s death and credited for boosting the economy. and Ph.D. in International Affairs from Columbia University. A comprehensive video tutorial series covering all the major Year 1/AS Macroeconomics content including useful tips regarding analysis and evaluation Microeconomics - Year 2 A Level and IB A run through some of the most difficult to grasp A2 microeconomics material. In 2009, the House of Representatives introduced the first piece of comprehensive clean energy legislation, known as the American Clean Energy and Security Act, which both economists and energy providers could support. A Republican opponent of government regulation, he has at the same time defended women’s “right to choose,” gay and lesbian rights, and equality for all persons regardless of race, color, creed, gender, or sexual orientation. 26. He attended Capitol Page School in Washington, D.C., and was a page in the House of Representatives from 1938 to 1943, prior to his service in the U.S. Army during World War II. Wisconsin Governor, 1959–1963, and U.S. Linked from the description … He was also the health and safety coordinator for Change to Win. He has written extensively on issues related to monetary policy and its implementation by the Federal Reserve; his work has been published in volumes issued by the Federal Reserve System, the Bank of England, the Reserve Bank of Australia, the Bank of Japan, the Bank of Korea, the National Bureau of Economic Research, and the Brookings Institution. and M.A. The U.S. market was flooded with British goods and U.S. industry suffered. Previously, he served as an Assistant Professor for the Air Force Institute of Technology at Wright-Patterson Air Force Base. Prior to serving in Congress, he was the Associate Editor of the West Virginia Review at Charleston, West Virginia, and head of the department of public speaking and journalism at Davis and Elkins College. Dr. Papadimitriou received his B.A. These stories illustrate the pros and cons of free trade. Economics USA: Labor and Management Supplemental Audio Transcript, Unit 10 from the University of Wisconsin. Economics USA: International Trade Audio Transcript from the University of Wisconsin. With Kodak, he developed pre-press production methods, which allowed national daily newspapers to print in color. Formerly, she taught English as a Second Language at the American Language Institute in Washington, D.C.; was Director of English Language Learning at Euroschools of Italy; and was ESL Editorial Director at Regent’s Publishing International and at the American Book Company. and M.A. Economics USA: Supply and Demand Audio Transcript, Unit 4 from the University of Chicago and Ph.D. in Economics from Harvard University. Economics USA: Boom and Bust Audio Transcript, Unit 17 Born on a farm in Rygate, Montana, he became a surveyor for the General Land Office and an accountant for the Corps of Engineers. Keep reading to learn how to best utilize these clips in the classroom or click on the button below to browse and search our full catalog of clips. Pharmaceutical companies invest millions in bringing new drugs to market. He is a member of the Institute for International Economics and an overseer of TIAA-CREF, the leading private retirement system in the United States. and Ph.D. from the University of Chicago. Inflation Economics USA: Pollution and the Environment Video Transcript In July, 1944 world economic leaders met in Bretton Woods, NH for a “new world economic order” and soon the dollar became the new standard. A while back, we did a Freakonomics Radio program asking why the NFL hasn't (yet) put advertising on its players' jerseys. She also held positions at the Federal Reserve Bank of New York and the National Planning Association, and as expert for the revision of the United Nations System of National Accounts. He began his academic career as an instructor at Tufts University. In 2010, he was declared Central Bank Governor of the Year by Euromoney magazine. Economics U$A quickly became one of the most popular telecourses in the country, and has been so for more than 25 years. His contributions to national telecommunications policy led to the National Civil Service Award in 1970. He also served as Chairman of the Board of Barnett Investment Services, Inc., and as a Director of a number of private companies and banks, including Transco Energy Company, the American Heritage Life Insurance Co., Riverside Group, Inc., Family Steak Houses of Florida and Southeast Atlantic Corp, Wickes, Inc., and Barnett Banks, Inc. Mr. Schultz received his B.A. Economics USA: Monetary Policy Video Transcript, Unit 26 He was a senior staff member on the President’s Council of Economic Advisers, 1946–1952. Pioneer computer engineer and “systems” scientist, regarded as the founder of “system dynamics.” His engineering focused on studies of organizational policy, using computer simulations to analyze social systems and predict the implications of different models. from Harvard Law School. 2018, Economics Global trade has long been a hot button political issue, but it's reached a fever pitch in recent times. Economics USA: Inflation Audio Transcript, Unit 20 The half-hour videos explore the history of economics in the United States from the late 1800s to 2011, featuring distinguished economic thinkers, policy makers, bankers, brokers, and large/small-scale business owners. Partner/Publisher at PrintPOD Inc., which uses the Internet and print-on-demand distribution to further the development of desktop publishing. Economics USA: GNP/GDP Video Transcript He has taught at Princeton University and at the Stern School of Business at New York University. The Banking System He held a cabinet position as Executive Director of the Colorado Department of Health Care Policy and Financing, was health policy adviser to Colorado Governor Roy Romer, and was Assistant General Counsel in the Massachusetts Department of Medical Security. He was the first in Congress to propose what became the Peace Corps. An early proponent of environmental protection, he took action against 149 Wisconsin companies for pollution and authored legislation to establish the Ice Age National Scenic Trail. This is a list of economics films. U.S. During the war, he was associated with the rubber and chemical branches of the Office of Price Administration. Before and after government service, he taught at the University of Minnesota where he became Chair of the Department of Economics. Before founding ITIF, he was Vice President of the Progressive Policy Institute and Director of its Technology and New Economy Project, writing policy papers on broadband telecommunications, Internet telephony, universal service, e-commerce, e-government, privacy, and off-shoring. He has taught at the Woodrow Wilson School of Public and International Affairs at Princeton University, the Yale School of Organization and Management, and the University of North Carolina at Chapel Hill. In addition to presentations to Congress and government agencies, she has spoken before the American Bankers Association, the Financial Services Roundtable, the American Bar Association, the Brookings Institution, the American Institute of Certified Public Accountants, the National Association of Manufacturers, and many other groups. Economics USA: International Trade Supplemental Audio Transcript He authored 11 books, many of which have been adopted nationwide as texts for the study of economics. He helped draft many New Deal initiatives, including the National Industrial Recovery Act, the Social Security Act, and the National Labor Relations Act. Kids learn that consumers buy goods and services to satisfy their wants and that producers make goods and services. Economics USA: Fiscal Policy Supplemental Audio Transcript, Unit 19 Chief U.S. His “Economics I” became the largest elective course in the history of Harvard College, where he also served as Assistant Dean. These stories all deal with differences in income and how public policy and private funding is used to reduce poverty. Years later, his name would be synonymous with the creation of Medicare. Economics USA: The Firm Audio Transcript, Unit 3 Economics is the study of how people allocate scarce resources for production, distribution, and consumption, both individually and collectively. Economic Analyst A recognized authority in the field of economics and Professor of Economics at Harvard, where he held teaching and administrative positions over a span of 22 years. In all investments there are trade-offs and choices. Economic Efficiency Senator from Wyoming, 1979–1997, and Co-Chair of President Barack Obama’s 2010 National Commission on Fiscal Responsibility and Reform. In 1980, Coca Cola replaced sugar with high fructose corn extract in order to alleviate higher production costs. He has served as President of the Eastern Economic Association, Vice President of the American Economic Association, and on the boards of the Council on Foreign Relations, the Bretton Woods Committee, and the Bellagio Group. He served as Assistant Secretary of State under Truman for Economic Affairs, 1946–1952. Dr. Kendrick received his B.A. Economics USA: Resources and Scarcity Audio Transcript, Unit 15 Economics is a field of science that has to do with the different types of economic activities which is related with the different aspects of producing, consuming and even distributing the goods along with services as well. He fought for increased transparency in banking, an inquiry into Watergate, and strategies to check President Ronald Reagan’s economic polices. Economics USA: Labor and Management Audio Transcript In 1996, she tied for the number one analyst spot in the Textile and Apparel Industry. Earlier, he served on the Board staff as Adviser to the Board for Monetary Policy, Secretary of the Federal Open Market Committee, Director of the Division of Monetary Affairs, and Deputy Staff Director for Monetary and Financial Policy. He held many public and private sector posts, including Acting Chief of the National Income Division of the Bureau of Foreign and Domestic Commerce, Assistant Director and Chief Economist of the Office of Business Economics, and Member of the Committee for Economic Development (CED). In 1995, he joined Lehman Brothers Holdings, Inc., serving as Chairman of the Finance Committee before the firm went bankrupt in 2008. from Rutgers University, M.A. He is the author of more than 300 research articles in economics and a regular contributor to the Wall Street Journal and other publications. By 1980, a new group of economists called “supply-siders” were calling for government deregulation to spur productivity, amidst great objections from Democrats and some economic experts. Chairman of the Civil Aeronautics Board during the period when it ended its regulation of the airline industry, paving the way for low-cost airlines from People Express to Southwest Airlines. Economics USA: Stabilization Policy Video Transcript, Unit 27 Earlier, he was the Director of the Financial Research Program at the National Bureau of Economic Research, where he invoked the usage of government-developed “economic indicators” (statistics about the economy). He has taught economics at Northwestern University, MIT, the University of Maryland, and George Washington University, and at the Stanford in Washington program. He later became a Professor of Economics at Yale University, an economic columnist for Newsweek magazine, and a Senior Consultant for the U.S. Treasury Department. Pioneer in the development of the U.S. National Income and Product Accounts, with an international reputation as the originator of “growth accounting,” the identification and quantification of the sources of growth in real national income/product. Author. Earlier, he served on the Board staff as Adviser to the Board for Monetary Policy, Secretary of the Federal Open Market Committee, Director of the Division of Monetary Affairs, and Deputy Staff Director for Monetary and Financial Policy. Mr. Sevareid received his B.A. Jordache designer jeans used creative advertising to create a demand for blue jeans. In 1944, he was Chief Technical Advisor and Executive Secretary to the U.S. Delegation to the Bretton Woods Conference. and M.A. from New York University and Ph.D. in Economics from Yale University. Pulitzer Prize-winning journalist and business and economics columnist for the Washington Post, cited for “his insightful columns that explore the nation’s complex economic ills with masterful clarity.” Earlier, he worked for two newspapers in New Hampshire, then joined U.S. 10. He has authored and co-authored 17 books and is a regular columnist for the Wall Street Journal. He also served as United States Ambassador to India under President Kennedy. Chairman of the U.S. Council of Economic Advisers under President Ronald Reagan and author or co-author of many articles and books that discuss the effects of monetary policy on financial markets and the economy. In the late 1970s, President Jimmy Carter ordered Professor Alfred Kahn to deregulate the airline industry, which had been a federally protected oligarchy. from the University of Memphis and M.A. Pollution & the Environment In World War II, he won a Bronze Star as an infantryman and after the war served as deputy general counsel for the Marshall Plan. from the University of Maryland and Ph.D. in Economics from the University of Wisconsin. Following the Arab oil embargoes of 1973, the Nixon administration latched onto the world price of “new” oil, encouraging domestic oil suppliers to drill again. He also argued that keeping unemployment permanently lower would require a permanently accelerating inflation rate. The Labor Market Economics U$A: 21st Century Edition has been reconfigured in keeping with the teaching of modern economic principles, placing microeconomics first, followed by macroeconomics, and ending with two programs on global economics. In addition to his recent book, Spin-Free Economics: A No-Nonsense, Nonpartisan Guide to Today’s Global Economic Debates, he has co-authored Microcomputers, Corporate Planning and Decision Support Systems. from Columbia University, and Ph.D. in Banking and Finance from the New York University Graduate School of Business Administration. These stories highlight the factors that affect productivity and how government programs have both helped and hindered growth. He also held several positions in the Board’s Division of Research and Statistics, including Associate Director and Chief of Capital Markets. In 1914, the federal government was sold on the concept of universal telephone service provided by Ma Bell, a monopoly that was ended by the development of a new technology. Wozniak received the National Medal of Technology in 1985 (along with Steve Jobs), was inducted into the National Inventors Hall of Fame, and in 2001 was awarded the 7th Annual Heinz Award for Technology, the Economy, and Employment. Economics USA: Exchange Rates Video Transcript, Florida Council on Economic Education Dr. Kohn received his B.A. 12. This video explains the basics of the labor market. 13. In 1963, Studebaker closed its plant, unable to increase sales and take advantage of assembly line production. Chief Economist Director of economic forecasting and Chief Economist of IHS Global Insight, responsible for developing the economic outlook and risk analysis for the United States, Europe, Japan, China, and other emerging markets. Senator, 1958–1985, where he was Chair of several committees and achieved note for sponsoring an amendment to the Constitution that would grant citizens between 18 and 21 the right to vote. Between 1955 and 1963, he taught economics at the University of Virginia and in 1960 published The Political Economy of National Security. This project provides valuable new teaching tools for faculty in the interdisciplinary field of Philosophy, Politics, and Economics. Dr. Aaron received his B.A. Economics USA: Federal Deficits Audio Transcript in Economics from the London School of Economics and his Ph.D. in Economics from the Massachusetts Institute of Technology. He was elected President of the UAW Local 227, in 1943. 1970s America saw a new kind of inflation, based on supply and not demand: “stagflation,” caused by Arab oil embargoes and worldwide crop failures. In addition, he has taught at the Wharton School of Business and the University of Pennsylvania, and he joined Wharton Econometrics in the mid-1980s. and Ph.D. from Yale University. She is a frequent contributor to newspapers, television, and radio and has written many books, including Systematic Thinking for Social Action, Reviving the American Dream, and Beyond the Dot.coms (with Robert Litan). Central Banker: News from the St. Louis Fed, In Plain English: Making Sense of the Federal Reserve, Economics and Personal Finance Glossary and Flashcards, Materials and Videos from Featured Events, Center for Household Financial Stability HOME, Manuals, Regulations, Laws & Other Guidance, Learn more about Econ Ed at the St. Louis Fed, Contact our economic education specialists, In Plain English - Making Sense of the Federal Reserve. Frank Videos. In the 1970s, the “trigger/price mechanism” was developed in order to differentiate between fair and unfair trade practices. He also spent time at the Organization for Economic Co-operation and Development, and in the early 1990s worked at the Center for Economic Studies at the U.S. Census Bureau. Born in 1928, he remembers that his grandfather, father, and brother all worked at Studebaker, and that he worked up through the ranks as a laborer and then salaried personnel, rising to National Sales Manager of the Studebaker Corporation. from Radcliffe College and M.A. The need to mobilize resources overseas quickly was palpable. Owner and President of the Boras Corporation, a sports agency that represents many of the highest-profile players in professional baseball. 20 award­-winning directors and 10 of our most respected economists add their voice to the chorus with a thought­-provoking short­-film series. Big Picture TV. and Ph.D. in Economics from Harvard University. from the Fletcher School of Law and Diplomacy, and Ph.D. from George Washington University. These stories show how a well-functioning free market pricing system determines how producers manufacture goods, what they will pay, what goods will be manufactured, and for whom the goods will be produced. Economics is widely studied around the world as researchers seek to better understand the impact of certain policies on the economy. In 1959, a reporter for the Knoxville News-Sentinel discovered a price-fixing scandal between three big-name electric companies in each of their closed bids to the Tennessee Valley Authority. The International Ladies Garment Workers’ Union (ILGWU) strike in the early 1900s was inspired by poor working conditions and low wages. He develops strategies affecting health-care providers and insurers, pharmaceuticals, consumers, and U.S. healthcare initiatives, as well as federal and state development and implementation of communication and advocacy efforts. He also serves as content director for the series as well as co-author of the telecourse textbook, Economics U$A. Wozniak has been given honorary degrees by the University of Colorado at Boulder, Kettering University, North Carolina State University, and Nova Southeastern University. Economist and expert on the world banking system, specializing in foreign debt obligations of Third World countries. Senator John Durkin’s administrative staff, and worked for the Senate and House of Representatives for several years. He is a member of the Institute of Medicine, the American Academy of Arts and Sciences, the Advisory Committee of the Stanford Institute for Economic Policy Research, and the Visiting Committee of the Harvard Medical School, and he serves on the Board of Directors of Abt Associates and the Center on Budget and Policy Priorities. Mr. Wallison attended the Capitol Page School and received his B.A. He moved east in search of advanced education and work, finding both in Washington, D.C., where he became the Dean of Agricultural Historians and served eleven Secretaries of Agriculture over a fifty-year period. His successor Alan Greenspan used a different tactic in the early 1990s and 2000s: flood the market with liquidity to prevent freezing. Stabilization Policy He served in the federal government for almost 30 years, in posts that included President of the Federal Reserve Bank of New York and U.S. Treasury Under Secretary for Monetary Affairs, where he developed and implemented Treasury debt management and federal credit policies. He was editor of the Green Book, a compendium of the nation’s social programs; editor of The Future of Children, a journal on policy issues that affect children and families; and co-editor of several books on welfare and education. Monetary Policy He was author of A History of the Emergency Farm Labor Supply Program, 1943–47. By 1925 Great Britain went off the gold standard, managing to increase exports and lessen imports. October 1987“For the past year the Florida Council on Economic Education network has been using the Economics U$A series in its teaching training offerings. from George Washington Law School. He has discussed budget policy on the major networks, and he participates in the bipartisan “Fiscal Wake-Up Tour” of town hall meetings that focuses on the crisis in Social Security, Medicare, and Medicaid. The Federal Reserve She has also been a Director at the Council of Foreign Relations, Vice-President and Chief Economist at General Motors Corp., and Group Executive for Public Affairs. In response to 9/11, the U.S. Transportation and Security Administration replaced private security firms with federal employees. 15. Vice-Chairman of the Board of Governors of the Federal Reserve System, 2006–2010, and Member of the Board of Governors, 2002–2008. Economist Hyman Minsky provided a promising explanation for the Great Recession of the 21st Century with his theory that the financial system plays a determining role in economic cycles. The engaging television programs give students a broad outlook on economic issues.”, Columbus International Film and Video Festival Economic Growth from New York University. | If you are with a public high school, community college, or the armed forces, or are otherwise looking for a free show, click here. This video explains what GDP measures, how it is calculated, how it is useful in determining whether and how quickly the economy is growing, and how GDP can be used as indicator of standard of living. He then became a consultant in the Washington, D.C., area and ran unsuccessfully for the Senate, from Maryland, in 1994. from Tufts University, and Ph.D. in Economics from Columbia University. He spent a good part of the Depression gathering unemployment statistics, which gave him a keen insight into the free enterprise system. Explore data, research and more in FRASER, our digital library. In 2006-2007 a group of investors bet against the US mortgage market. from the University of California at Berkeley, M.A. Details about upcoming shows here, please contact me to bring economics comedy to your school, corporate event, or comedy club! The study of economics is built on the foundation of three very important concepts: scarcity, choice, and opportunity cost. Between 1982 and 1985, the Fed tightened the money supply to combat inflation, despite rising unemployment. from the Wharton School at the University of Pennsylvania and L.L.B. Secretary of Defense under Presidents Richard Nixon and Gerald Ford, and the first U.S. Secretary of Energy, under President Jimmy Carter. Liam Lenten, La Trobe University. Economist known as the leading proponent of 20th-century political liberalism, and a prolific author who produced four dozen books and more than a thousand articles, including the popular trilogy American Capitalism, The Affluent Society, and The New Industrial State. The goal of this series is to make learning economics interesting and enjoyable. Chairman of the Board of Governors of the Federal Reserve System, since 2006, and Chairman of the Federal Open Market Committee, the System’s principal monetary policy-making body. Rising labor and energy costs in the United States in the ’60s and ’70s forced domestic steel manufacturer NUCOR to find ways to lower production costs. These stories show how labor unions and corporate managers battle to affect the supply of labor, wages, and prices. Geared to a Main Street audience, this e‑newsletter provides a sampling of the latest speeches, research, podcasts, videos, lesson plans and more. Arthur F. Burns Fellow in Financial Policy Studies at the American Enterprise Institute (AEI) and Co-Director of AEI’s program on financial policy studies, specializing in banking, insurance, and securities regulation. 16. Click on the apple ‘If the teacher goes too fast, we normally ask each other questions.’, ‘It’s interesting to see how college courses are going to be’ said another student.”, “Economics U$A examines major historic and contemporary events that have shaped 20th century American economics. This video explains the concept of equilibrium. She is the author of The English Advantage. He resigned his cabinet post to become Chairman of the Republican National Committee, 1977–1981. He also chaired the Immigration and Refugee Subcommittee of the Judiciary Committee, the Nuclear Regulation Subcommittee, the Social Security Subcommittee, and the Committee on Aging. He received his B.A. He is famous for inventing the “Laffer Curve,” deemed by Time magazine “one of the few advances that powered this extraordinary century.” He has taught at Pepperdine University, the University of Southern California, and the University of Chicago. Up to about 2010, the Fed did fairly well. from Wellesley and M.A. Economist and expert on the works of 20th-century economist Hyman P. Minsky, whose alternative theories for why the U.S. economy has periodic booms and busts have gained 21st-century recognition. Dr. Van Doren received his B.A. He also taught economics and finance at the University of Missouri School of Business and Public Administration and the University of Chicago Booth School of Business. and Ph.D. in Economics from Harvard University. from Amherst College, M.A. But a large tax cut in 2001, three wars, a down market and huge entitlement costs pushed the deficit and the national debt to an alarming new height that forced a fierce confrontation between Congressional Democrats and Republicans. Between his House and Senate terms, he served as Dean of the college’s School of Business Administration. Mr. Geller received his B.S. He teaches at Princeton University as the Gordon S. Rentschler Memorial Professor of Economics and Public Affairs in the Economics Department, and is Vice Chairman of The Observatory Group and Co-Director of Princeton’s Center for Economic Policy Studies. Professor of Economics at Harvard University, President Emeritus of the National Bureau of Economic Research, and President Ronald Reagan’s Chairman of the Council of Economic Advisers. He worked extensively for CBS News on television in the years following the war, and he became one of the early critics of Senator Joseph McCarthy’s anti-Communism tactics. American labor leader who was President of AFSCME District Council 37 (DC37), the largest municipal union in New York City, from 1965 to 1987. He is also cited frequently in leading business publications, including the Wall Street Journal, the New York Times, the Financial Times, USA Today, Investor’s Business Daily, Business Week, Newsweek, Fortune, Forbes, and U.S. News and World Report. Mr. Forrester received his undergraduate degree from the Engineering College at the University of Nebraska. Mr. Randolph graduated from Salem Academy in 1920 and Salem College in 1922. The Banking Act of 1935 and the Fed Accord of 1951 broadened the powers of the Fed, widening the range of options and tools it could use to manage the economy. This 28-part series, accompanied by a textbook, faculty guide, student guide, and audiocassettes, offered distance learners an opportunity to gain college credit for an introductory course in micro and macro economic principles — via television. He proposed that funds raised from spectrum auctions be dedicated to the development of public broadcasting services, much like the traditional British model of public support for national programming. Please note that the video series covers both micro and macroeconomic topics. in Public Affairs from Princeton University. in Education, and Ph.D. in Developmental Psychology at UNC, Chapel Hill. As an adviser to President Johnson, he convinced the president to adopt a major economic initiative—the “War on Poverty.” But he resigned when Johnson escalated the Vietnam War without raising taxes, thus setting the stage for an inflationary spiral. In 1956, he became Professor of Public Welfare Administration at the University of Michigan, until President John F. Kennedy appointed him Assistant Secretary for Legislation of Health, Education, and Welfare. from Georgetown University. The Perry School for Community Services, a Washington, D.C. poverty-reduction program, offers after-school programs for kids and vocational programs for adults, including recently released convicts. But in the wake of the 2008 Great Recession and the failure of regulators to act, the Dodd/Frank Wall Street Reform and Consumer Protection Act became law. His published works include American Vistas, Cities in American History, and Crabgrass Frontier: The Suburbanization of the United States.Dr. 27. International Trade from Oberlin College and Ph.D. in Economics from Brown University. Economist and lawyer, renowned for his work during the Depression and World War II and for his ability to explain complex economic theories in plain language. Similar topics are available in the Economic Lowdown Podcast Series. After retiring from politics, he taught at Harvard University’s John F. Kennedy School of Government, serving two years as Director of the Institute of Politics, then returned to Wyoming to practice law. In 1933, he attended Keynes’ lectures at Cambridge University, two years before Keynes’ publication of The General Theory of Employment, Interest and Money, the treatise that argued that industrialized economies, then mired in depression, were unlikely to recover on their own but could use government spending and tax cuts to do so. Mr. Stein’s books include The Triangle Fire (about the fire at the Triangle Shirtwaist Company that took the lives of 146 people) and Out of the Sweatshop, a documentary history of the ILGWU. from The College of Wooster and Ph.D. in Economics from the University of Michigan. from Harvard Law School. He chaired the American Enterprise Institute’s Council of Academic Advisors and served as interim president of the Institute in 1986. Topics include the definition of economics, microeconomics, and macroeconomics as a field and the role of assumptions in economic decisionmaking. I also post videos to best guide exam technique to aid revision for those all important exams, all for the benefit of students; enjoy! He was Republican whip, 1985–1995, and Chairman of the Veterans’ Affairs Committee, 1981–1987 and 1995–1997. 6. from Princeton University and L.L.B. Keynes published The General Theory of Employment, Interest & Money in 1936, displaying ideas that later became the basis for public policy in Washington. Years later, his name would be synonymous with the creation of Medicare. He retired as president of EMB in 1981 and in 1982 took up the position of Guest Scholar at the Brookings Institution. 1965 marked the first U.S. attempt at national health insurance in the passage of Medicare and Medicaid. From the first decade of the 20th century through the early portion of the 21st century, America has been on an economic roller-coaster ride from boom to bust and back again. from Washington and Lee University. Mr. Reuss received his B.A. Exchange Rates Economics U$A: 21st Century Edition is a 28-part multimedia distance learning course in micro- and macroeconomics for college and high school classrooms that features many of America’s leading businesspeople, politicians, and economists as they expose the inside story behind these turbulent times. Economic principles are explained by economists Nariman Behravesh and Richard Gill, who focus on a particular aspect of micro, macro, or global economics in each episode — from markets, to fiscal policy, to exchange rates. These stories show problems posed by the development of inflation in the post-war U.S. economy. Economics USA: Productivity Video Transcript In 1977, the federal court system told the Reserve Mining Company to build a $400 million disposal site for carcinogenic materials. When the Nixon administration set up price controls for beef, farmers attempted to stifle the supply by withholding animals from the markets. | Resources and Scarcity Dr. Doms received his B.A. from Northwestern Law School. From 1944 to 1973, he was also a professor at Columbia University/Barnard College. Reducing Poverty Ms. His writing has been published in the Wall Street Journal, the Washington Post, Journal of Commerce, and the New York Post. He also teaches at the Instituto Tecnológico Autónomo de México (ITAM). In the Senate, Brock was a favorite of the conservative movement, and he continued in Republican politics, after he lost his bid for re-election to the Senate, to become the campaign manager for Senator Bob Dole’s presidential campaign. John Maynard Keynes held that recessions depended on the balance of aggregate demand and aggregate supply. He has written extensively on issues related to monetary policy and its implementation by the Federal Reserve, and his work has been published in volumes issued by the Federal Reserve System, the Bank of England, the Reserve Bank of Australia, the Bank of Japan, the Bank of Korea, the National Bureau of Economic Research, and the Brookings Institution. Economics USA: Markets Audio Transcript, Unit 2  Congressman from Wisconsin, 1955–1983, a staunch Democrat known for his progressive stands on a wide range of issues. He has brokered record-setting contracts since 1982 and many of his clients, including Carlos Beltrán, Matt Holliday, Daisuke Matsuzaka, Magglio Ordóñez, Manny Ramirez, Stephen Strasburg, Mark Teixeira, Jayson Werth, and Barry Zito, are among the highest paid in the game. 23. Through the use of interviews, commentary and analysis, this series established a clear relationship between abstract economic principles and concrete human experiences.”, Skaneateles-Marcellus Pennysaver, Skaneateles, NY in Political Economy and Government from Harvard University and did postgraduate work at the London School of Economics. He worked for 15 years at Merck & Co., one of the world’s leading research-based pharmaceutical and vaccine companies. Retired Studebaker executive and a member of the Board of Trustees of the Studebaker National Museum. The Internet is a technological innovation that paved the way for other innovations such as smart phones. Dr. Heilbroner received his B.A. Behravesh regularly appears on national radio and television programs, including BBC World Business Report, NBC Nightly News, CNN Headline News, The PBS News Hour, Fox News, CNBC, Bloomberg TV and Radio, and All Things Considered and Market Place on National Public Radio. Previously, he was the Assistant Attorney General in charge of the Civil Division for the U.S. Department of Justice, Deputy Attorney General of Indiana, and Counsel to the Indiana Stream Pollution Control Board, where he obtained court orders prohibiting industries and municipalities from polluting of the state’s water supply. Retiring from the University of Pennsylvania Flow model of government, and Ph.D. in American,... Tecnológico Autónomo De México ( ITAM ) Editor of Bloomberg BusinessWeek Director for the development of desktop publishing ) tutorials! 1960 published the Political economy of National security did graduate work in Economics from Law... 12 Economics 3 in 1 study guide their voice to the National Bureau of production... People allocate scarce resources for production, distribution, and rising inflation and rising unemployment Euro the. At National health insurance in the passage of Medicare, Mancera, S.C. ( CMM ) a... 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