Current Economics

Salman Khan
Khan Academy

Course Description

Discussions of economic topics and how they relate to current events.

Lectures

1. Lecture 1 – Economics of a Cupcake Factory

   Economics of a simple business leading up to a discussion on inflation/deflation. Touching on income statements.

2. Lecture 2 – Cupcake Economics 2

   More analysis of the cupcake business.

3. Lecture 3 – Cupcake Economics 3

   Using our spreadsheet to show why prices decrease when utilization is low and prices increase when utilization is high.

4. Lecture 4 – Inflation, Deflation & Capacity Utilization

   A discussion of inflation and deflation.

5. Lecture 5 – Inflation, Deflation & Capacity Utilization 2

   More on inflation and capacity utilization.

6. Lecture 6 – Inflation & Deflation 3: Obama Stimulus Plan

   Is the stimulus large enough to offset the demand shock caused by the contraction in credit? Will it lead to inflation?

7. Lecture 7 – Unemployment

   Analyzing unemployment data to show that “real” unemployment is worse than the headline numbers show.

8. Lecture 8 – CPI Index

   Discussion of inflation, the CPI index and owners’ equivalent rent.

9. Lecture 9 – Simple Analysis of Cost per Job Saved

   Simple analysis of cost per job saved from stimulus.

10. Lecture 10 – Unemployment Rate Primer

    Understanding how the headline unemployment rate (U-3) is calculated.