Search results “All values economic systems are measured terms money”
Money and Finance: Crash Course Economics #11
So, we've been putting off a kind of basic question here. What is money? What is currency? How are the two different. Well, not to give away too much, but money has a few basic functions. It acts as a store of value, a medium of exchange, and as a unit of account. Money isn't just bills and coins. It can be anything that meets these three criteria. In US prisons, apparently, pouches of Mackerel are currency. Yes, mackerel the fish. Paper and coins work as money because they're backed by the government, which is an advantage over mackerel. So, once you've got money, you need finance. We'll talk about borrowing, lending, interest, and stocks and bonds. Also, this episode features a giant zucchini, which Adriene grew in her garden. So that's cool. Special thanks to Dave Hunt for permission to use his PiPhone video. this guy really did make an artisanal smartphone! https://www.youtube.com/watch?v=8eaiNsFhtI8 Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Fatima Iqbal, Penelope Flagg, Eugenia Karlson, Alex S, Jirat, Tim Curwick, Christy Huddleston, Eric Kitchen, Moritz Schmidt, Today I Found Out, Avi Yashchin, Chris Peters, Eric Knight, Jacob Ash, Simun Niclasen, Jan Schmid, Elliot Beter, Sandra Aft, SR Foxley, Ian Dundore, Daniel Baulig, Jason A Saslow, Robert Kunz, Jessica Wode, Steve Marshall, Anna-Ester Volozh, Christian, Caleb Weeks, Jeffrey Thompson, James Craver, and Markus Persson -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 766981 CrashCourse
What gives a dollar bill its value? - Doug Levinson
View full lesson: http://ed.ted.com/lessons/what-gives-a-dollar-bill-its-value-doug-levinson The value of money is determined by how much (or how little) of it is in circulation. But who makes that decision, and how does their choice affect the economy at large? Doug Levinson takes a trip into the United States Federal Reserve, examining how the people who work there aim to balance the value of the dollar to prevent inflation or deflation. Lesson by Doug Levinson, animation by Qa'ed Mai.
Views: 2112398 TED-Ed
Meaning & Functions of Money | Budget | Money | Banking | CA CPT | CS & CMA Foundation | Class 11
Meaning & Functions of Money, Learn Budget, Money and Banking, RBI. What is Budget & Fiscal Deficit? What is Balance of Payment? External Debt, Money and Commercial Banking. For Details Visit https://meraskill.com/ca-cpt/economics/budget-and-money-banking WhatsApp Now: 8692900017 http://www.meraskill.com/ our other chapters in this series Acounts by Sheela Madam http://bit.ly/AcctsIntro http://bit.ly/AcctJournaltoCB http://bit.ly/CR_ROE http://bit.ly/BankRecoS http://bit.ly/MSInventory http://bit.ly/MSDep http://bit.ly/MSFinalAc http://bit.ly/MSConsignment http://bit.ly/MSJointV http://bit.ly/MSBillsOfExchg http://bit.ly/MSSalesReturn http://bit.ly/MSPartnership1 http://bit.ly/MSPartnership2 http://bit.ly/MSCompanyActs1 http://bit.ly/MSCompanyActs2 Law by Bharat Sir http://bit.ly/MSNatureofContract http://bit.ly/MSConsideration http://bit.ly/MSEssentialElements http://bit.ly/MSPerformanceOfContract http://bit.ly/MSBreachOfContract http://bit.ly/MSContingent_Quasi http://bit.ly/MSFormationContractOfSale http://bit.ly/MSCondition_Wattanties http://bit.ly/MSTransferOfOwnership http://bit.ly/MSUnpaidSeller http://bit.ly/MSNatureOfPartnership http://bit.ly/MSRelationshipOfPartners http://bit.ly/MSRegistration_Dissolution Micro by Bharat Sir http://bit.ly/MSIntroMicroEconomics http://bit.ly/MSDemand http://bit.ly/MSTheoryofCB http://bit.ly/MSSupply http://bit.ly/MSTheoryOfProd http://bit.ly/MSTheoryOfCost http://bit.ly/MSMarket http://bit.ly/MSPriceDetermination Macro by Jaya Madam http://bit.ly/MSNatureOfIndianEconomy http://bit.ly/MSRoleOfDiffSectors http://bit.ly/MSNationalIncome_Tax http://bit.ly/MSPopulation_Poverty_Unemployment http://bit.ly/MSInfrastuctureChallnges http://bit.ly/MSBudget_Money_Banking http://bit.ly/MSEconomicsReforms Maths by Anand Sir http://bit.ly/MSRatio_Propr http://bit.ly/MSIndices_Log http://bit.ly/MSEquations http://bit.ly/MSInequalities http://bit.ly/MSInterest http://bit.ly/MSPermutaion_Combination http://bit.ly/MSAP_GP http://bit.ly/MSSets_Function http://bit.ly/MSLimits http://bit.ly/MSDifferentiation http://bit.ly/MSIntegration
Views: 67557 Mera Skill
National income - GDP GNP NDP NNP Explained - Indian Economy Part 11 - Concepts of Macro Economics
#StudyIQ Pendrive Courses for Various Govt. Exams, Click here http://bit.ly/2QcdLOd to know in detail OR Call 95-8004-8004 UPSC/CSE - This is our Flagship & Most Selling Course. This course covered Length & Breadth of UPSC vast syllabus and made by Elite & Very best faculties from all over India with StudyIQ Trust. Click here http://bit.ly/2QbHfM7 to watch Demo Videos, Course Content, Authors, Etc. SSC & Bank - This is our oldest Course, made by Founders of StudyIQ. 1000+ videos so far and new videos added every week. Click here http://bit.ly/2QaG3ZE to know more. UPSC Optionals - We have covered almost all major UPSC Optionals. Click here http://bit.ly/2QqTKUU to find yours State Exams PSCs - Currently we have 18 States covered, More to come, Choose your state. Click http://bit.ly/2Qgv6G0 to watch demo videos, know about authors and all. Defense Exams - CDS, NDA, CAPF, SSB, AFCAT, Airforce. Click here http://bit.ly/2zT8MbP to get into the Army, Navy or Airforce SSC JE Exams - Civil, Mechanical, Electrical, Electronics. Click here http://bit.ly/2G8eDQ0 to know more RBI Grade B - Grade B is the most popular Job after IAS. This course made by well-experienced faculties of Study IQ. Click here http://bit.ly/2DAtlwm to watch demo videos, Authors, Course content. NTA NET - Start your preparation for UGC(NTA) NET prestigious exam. We have courses for both Paper 1 & 2. Click here http://bit.ly/2HnhFNQ to check UPSC Prelim Test Series - Our flagship test series for UPSC Prelims. More than 60% Sucess rate in 2018. Click here http://bit.ly/2Ea4Rtx to enroll right now DMRC Exams - Courses for Delhi Metro Technical & Non-Technical Exams. Click here http://bit.ly/2Q4cFS8 to know more Insurance Exams - LIC, NICL, and other insurance exams. Click here http://bit.ly/2VpbXjE to know more Law Exams - Find courses for Undergraduate and Judiciary Exams. Click here http://bit.ly/2Jk4G31 to check Railway Jobs - More than 1.5 Lac jobs to come this year. Start your preparation with us for Tech or Non-Tech posts. Click here http://bit.ly/2Ti5NB6 to check the available courses Teaching Jobs - CTET, DSSSB. Click here http://bit.ly/30oBgWP to know more NABARD Grade A - https://goo.gl/C6CzAL Have a doubt? Click here http://bit.ly/2qWhdOI to start instant Chat with our Sale team or you can #Call_9580048004 _ Click here http://bit.ly/2V5GN0h to Sponsor Study IQ UPSCIQ Magazine - http://bit.ly/2DH1ZWq || Bank IQ Magazine - http://bit.ly/2QxyNmJ Daily Current Affairs - http://bit.ly/2VDIuT0 Follow us on Instagram - http://bit.ly/2K0uXEH Download All Videos PDFs - https://goo.gl/X8UMwF || Join StudyIQ on Telegram - https://goo.gl/xBR3g8 Monthly Current Affairs - http://bit.ly/2UAXktE Topic Wise Current Affairs - http://bit.ly/2VHxiZw Free PDFs - https://goo.gl/cJufZc || Free Quiz - https://goo.gl/wCxZsy || Free Video Courses - https://goo.gl/jtMKP9" Follow us on Facebook - https://goo.gl/iAhPDJ Telegram - https://t.me/Studyiqeducation The Hindu Editorial Analysis - https://goo.gl/vmvHjG Current Affairs by Dr Gaurav Garg - https://goo.gl/bqfkXe UPSC/IAS Burning Issues analysis- https://goo.gl/2NG7vP World History for UPSC - https://goo.gl/J7DLXv Indian History - https://goo.gl/kVwB79 Follow us on Facebook - https://goo.gl/iAhPDJ Follow Dr Gaurav Garg on Facebook - https://goo.gl/xqLaQm UPSC/IAS past papers questions - https://goo.gl/F5gyWH SSC CGL + IBPS Quantitative tricks - https://goo.gl/C6d9n8 English Vocabulary - https://goo.gl/G9e04H Reasoning tricks for Bank PO + SSC CGL- https://goo.gl/a68WRN Error spotting / Sentence correction https://goo.gl/6RbdjC Static GK complete- https://goo.gl/kB0uAo Complete GK + Current Affairs for all exams- https://goo.gl/MKEoLy World History - UPSC / IAS - https://goo.gl/kwU9jC Learn English for SSC CGL, Bank PO https://goo.gl/MoL2it Science and Technology for UPSC/IAS - https://goo.gl/Jm4h8j Philosophy for UPSC/IAS - https://goo.gl/FH9p3n Yojana Magazine analysis -https://goo.gl/8oK1gy History for SSC CGL + Railways NTPC - https://goo.gl/7939eV
Views: 295150 Study IQ education
Relationship between bond prices and interest rates | Finance & Capital Markets | Khan Academy
Why bond prices move inversely to changes in interest rate. Created by Sal Khan. Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/core-finance/stock-and-bonds/bonds-tutorial/v/treasury-bond-prices-and-yields?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Missed the previous lesson? Watch here: https://www.khanacademy.org/economics-finance-domain/core-finance/stock-and-bonds/bonds-tutorial/v/introduction-to-the-yield-curve?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Finance and capital markets on Khan Academy: Both corporations and governments can borrow money by selling bonds. This tutorial explains how this works and how bond prices relate to interest rates. In general, understanding this not only helps you with your own investing, but gives you a lens on the entire global economy. About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy’s Finance and Capital Markets channel: https://www.youtube.com/channel/UCQ1Rt02HirUvBK2D2-ZO_2g?sub_confirmation=1 Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 574679 Khan Academy
Circular Flow of Income. How the different components of an economy interact.
Transcript: 1 In macroeconomics, we study the economy of one country. 2 Then try to understand how 2 countries interact and trade. 3 And hopefully, understand the global economy. 4 So today, we are going to study the circular flow of income. 5 Let’s make things really simple. 5 Imagine we are alone on an isolated island. There’s no government, no trade, no savings. I told you, it's simple! 6 There’s only firms and households. (2-sector economy: firms + households (closed economy)) 7 Firms provide households with goods and services. 7 Out of thin air? 7 Nah.. 8 Firms gotta get factors of production from households. 8 It can be labor, land, capital or… 8 Face it. Some of us in households are going to be entrepreneurs. (For more information on factors of production: check out this video) 8 So…entrepreneurship. 9 For free? You wish! 9 We don’t get freebies from firms. 9 We don’t provide labor for free either. 10 So there’s money flowing in the opposite direction. 11 Households gotta pay firms for the goods they get. 12 Firms also gotta pay households in the form of wages, rents, interests or profits. 12 But this is a little weird. 12 We don’t spend everything we earn in real life. 13 So let’s add savings. 13 Savings is money we don’t spend. 13 So there’s money flowing out. 14 Hey, savings don’t just sit in banks… 14 Banks invest in firms by lending to them. 14 Cos firms need money to buy capital equipment or cover other costs of production. 14 So there's investments flowing into the economy. 14 Bravo! Awesome! 14 But this is a little too simplified. 15 Let’s add government. (3 sector economy: firms + households + government) 15 Government buys stuff as well. 15 So there’s money flowing in. 16 Government gets money from taxes. 16 Taxes. So there’s money flowing out. 16 Cos for the money we’re paying as taxes, we cannoyt spend it. 17 Lastly, countries interact with one another. 17 Imagine this is an American economy. 18 Let’s add trade. (4 sector economy: firms + households + government + foreign sector) 18 America imports stuff. 18 For example, America can import shoes from China. 18 Shoes flow from China into America. 19 And money spent on imports flows out of America into China. 19 America exports too. 19 America can produce software 19 and export it to foreigners, 20 Money then flows from foreign countries into America. 20 This is America's export earnings. 21 Investments, Government Spending and Export earnings are called Injections. 21 Cos money is flowing in. 22 Savings, taxes and import spending are called leakages or withdrawals. 22 Cos money leaks out of the system. And hey, injections and leakages are sort of related. Investments come from savings. Government spending comes from taxes. America makes money from foreigners by exporting. But foreigners also make money from America when America imports. Wow…no wonder it's Circular Flow of Income It tells us roughly how an economy functions. 23 How do we measure the size of an economy then? 24 By measuring Gross Domestic Product or GDP. 24 GDP is the total value of all final goods and services produced within the borders of a country during a given period. 25 Why must it be FINAL goods and services? (Hint: it's in the next video) 26 If you like this video, remember to like and subscribe. 27 Next up: Measuring GDP: Output Approach _______________________________________________ How does an economy function? Look at the Circular Flow of Income. Who are the major players in an economy? In order of increasing complexity, there are: 2-sector economy: households + firms 3-sector economy: households + firms + government 4-sector economy: households + firms + government + foreign sector There are real goods and services flowing in one direction in the circular flow of income and money flowing in the opposite direction. When money flowing to the country, it's called injections. When money flows out, it's called withdrawals or leakages. Injections consist of government spending, investments and exports. Leakages or withdrawals include imports, taxes and savings. Injections and leakages/withdrawals are related to each other. This is because government spending comes from tax revenues and investments, at least the local component, come from savings. That said, investments can flow from foreign countries in the form of foreign direct investments (FDI). Lastly, while money can flow from foreign countries when we export overseas, money also leaks out of the country because we import. Important definitions: Gross Domestic Product or GDP is the total value of all final goods and services produced within the borders of a country during a given period. Use flashcards to remember these definitions in economics: http://www.memrise.com/course/461808/economics-101/
Views: 139907 Economics Mafia
97% Owned - Economic Truth documentary - How is Money Created
If you like 97% Owned support our future documentaries on Patreon: https://www.patreon.com/independentdocumentary or Liberapay https://liberapay.com/IndependentPOV Watch our newest documentary The Spider's Web: Britain's Second Empire: https://www.youtube.com/watch?v=np_ylvc8Zj8 97% owned present serious research and verifiable evidence on our economic and financial system. This is the first documentary to tackle this issue from a UK-perspective and explains the inner workings of Central Banks and the Money creation process. When money drives almost all activity on the planet, it's essential that we understand it. Yet simple questions often get overlooked, questions like; where does money come from? Who creates it? Who decides how it gets used? And what does this mean for the millions of ordinary people who suffer when the monetary, and financial system, breaks down? A film by Michael Oswald, Produced by Mike Horwath, featuring Ben Dyson of Positive Money, Josh Ryan-Collins of The New Economics Foundation, Ann Pettifor, the "HBOS Whistleblower" Paul Moore, Simon Dixon of Bank to the Future and Nick Dearden from the Jubliee Debt Campaign. Help us translate this video: http://www.youtube.com/timedtext_video?ref=share&v=XcGh1Dex4Yo or contact us on [email protected] Brought to you by: http://hushhushvideo.com/ and http://queuepolitely.com/
Views: 2750540 Independent POV
Measuring GDP: Output and Value-added Approach
Transcript: 1 Looking at the Circular Flow of Income, 1 We see that stuff just gets transformed in different stages. 1 Firms use factors of production from households, 1 Perform some magic, 1 And Tada! You get goods and services 1 These are sold back to households. 1 Households pay for these stuff too, 1 Which reflects the value of these goods. 2 So this arrow, the National Expenditure, 3 And this arrow, the National Output. 4 Should be roughly equivalent. 5 Because when firms sell goods to households, 6 It's just goods transformed into money 7 Hey, where does all this money on spending come from? 8 It comes from income made by the households. 9 So this arrow, the national income, 10 also equals to national expenditure. 11 We see that National Income = National Expenditure = National Output. They are just in different stages of the Circular Flow of Income. 12 So how do we measure GDP? 13 We can measure the total output, the total final goods and services. 14 Why only final goods and services? 15 Take the production of sandwiches for example. 16 First, we need labor 17 to harvest wheat, 18 then wheat goes into the production of flour. 19 Flour goes into the production of bread, 20 And bread goes into the production of sandwiches. 21 We then sell the sandwich at $5. 22 Tada! GDP equals to $5. 23 This $5 already includes the value of labor, flour, wheat and bread 24 that went into the production of sandwich. 24 We don't have to add these things again. 25 See, if you add the value of these things, 25 On top of the sandwich, (1 + 2 + 3 + 4 + 5 = 15 ) 26 It's $15, way higher than $5. 27 Because you've double-counted, and it's wrong. 28 Alternatively, we can use the value-added approach 28 We measure the additional value that is created in every stage of production. We start from zero. Labor doesn't require any other input. So labor itself is pure value. Using this labor, we grow wheat. Wheat is sold at $2. What is the additional value created? Remember we got to minus the cost of production which is labor. So $2 - $1 = $1 $1 of additional value created. Using wheat, we make flour. Flour is sold at $3. What is the additional value created? We got to minus the cost of production which is wheat. $3 - $2 = $1 $1 of additional value created. Do the same for the rest Bread adds value to flour. And sandwich adds value to bread. Add up all the additional value created by each stage of production, We get $5 as well. Wow! 29 You see, Output approach and value-added approach are quite similar. 29 In value-added approach, you add up all the additional value 30 Which is just the value of the final output. 31 Hey, that's not the only way to measure GDP… 31 If you like this video, remember to like and subscribe. 32 Next up: measuring GDP: Expenditure and Income Approach. _____________________________________________________ How do we measure the size of the economy? We can calculate the total output produced. Why do we only count FINAL goods and services towards gross domestic product (GDP)? What's double-counting? What is the difference between intermediate goods and final goods? Important definitions: Gross Domestic Product or GDP is the total value of all final goods and services produced within the borders of a country during a given period. Use flashcards to remember these definitions: http://www.memrise.com/course/461808/economics-101/
Views: 59700 Economics Mafia
Episode 73: Measuring the Money Supply: The Difference Between M1 and M2
Help us learn more about your experience by completing this short survey: https://www.surveymonkey.com/r/RRKS8LZ Subscribe to Alanis Business Academy on YouTube for updates on the latest videos: https://www.youtube.com/alanisbusinessacademy?sub_confirmation=1 Go Premium for only $9.99 a year and access exclusive ad-free videos from Alanis Business Academy. Click here for a 14 day free trial: http://bit.ly/1Iervwb To view additional video lectures as well as other materials access the following links: YouTube Channel: http://bit.ly/1kkvZoO Website: http://bit.ly/1ccT2QA Facebook: http://on.fb.me/1cpuBhW Twitter: http://bit.ly/1bY2WFA Google+: http://bit.ly/1kX7s6P SoundCloud: http://bit.ly/1hNcJ2k In order for the Federal Reserve to determine to what extent it can expand or contract the supply of money, it must first determine how much money is available in circulation. Two methods of measuring the supply of money include: M1 and M2.
What is Gross Domestic Product (GDP)?
Picture the economy as a giant supermarket, with billions of goods and services inside. At the checkout line, you watch as the cashier rings up the price for each finished good or service sold. What have you just observed? The cashier is computing a very important number: gross domestic product, or GDP. GDP is the market value of all finished goods and services, produced within a country in a year. But, what does "market value" mean? And what defines a "finished good"? These, and more questions, percolate inside your head. Meanwhile, the cashier starts ringing up the total, and you’re left confused. An array of things pass by you — A bottle of wine. A carton of eggs. A cake from the local bakers. A tractor, of all things. A bunch of ballpens. A bag of flour. In this video, join us as we show you how to make sense of this important economic indicator. You’ll learn how GDP is computed, and you’ll get answers to some pretty interesting questions along the way. Questions like, “Why are the eggs in my homemade omelet part of the GDP, but the eggs my baker uses are not? Why does my bottle of French wine contribute to France’s GDP, even if I bought it in the United States?” Most importantly, you’ll also learn why polar bears aren’t part of the GDP computation, even if they’re incredibly cute. So, buckle in for a bit—in the following videos we’ll dive into specifics on GDP. Macroeconomics Course: http://bit.ly/1R1PL5x Ask a question about the video: http://bit.ly/1p4ZtxL Next video: http://bit.ly/1mY2bn0 Help us caption & translate this video! http://amara.org/v/HZv3/
Macroeconomics: Crash Course Economics #5
This week, Adriene and Jacob teach you about macroeconomics. This is the stuff of big picture economics, and the major movers in the economy. Like taxes and monetary policy and inflation and policy. We need this stuff, because if you don't have a big picture of the economy, crashes and panics are more likely. Of course, economics is extremely complex and unpredictable. Today we'll talk about GDP as a measure of a country's economic health, the basics of economic analysis, and even a little about full employment, unemployment Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Jan Schmid, Simun Niclasen, Robert Kunz, Daniel Baulig, Jason A Saslow, Eric Kitchen, Christian, Beatrice Jin, Anna-Ester Volozh, Eric Knight, Elliot Beter, Jeffrey Thompson, Ian Dundore, Stephen Lawless, Today I Found Out, James Craver, Jessica Wode, Sandra Aft, Jacob Ash, SR Foxley, Christy Huddleston, Steve Marshall, Chris Peters -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 1327728 CrashCourse
Income and Wealth Inequality: Crash Course Economics #17
Inequality is a big, big subject. There's racial inequality, gender inequality, and lots and lots of other kinds of inequality. This is Econ, so we're going to talk about wealth inequality and income inequality. There's no question that economic inequality is real. But there is disagreement as to whether income inequality is a problem, and what can or should be done about it. *** Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Eric Kitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, Moritz Schmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, Elliot Beter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, Caleb Weeks -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 929722 CrashCourse
Taxes: Crash Course Economics #31
We've been talking about the unavoidables recently. Last time, we covered Death. This time, it's taxes. So, what are taxes? Why do we pay taxes? What is all that tax money used for? This week, Adriene is going to cover all that and more. We'll talk about types of taxes, progressive and regressive taxes, tax brackets, and we'll even get into a few historical scenarios where bad tax policy led to revolutions. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Eric Kitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, Moritz Schmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, Elliot Beter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, Caleb Weeks -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 630035 CrashCourse
Accounting Assumptions and Principles | Intermediate Accounting | CPA Exam FAR | Chp 2 p 3
Conceptual framework for financial reporting, statement of financial accounting concepts, Conceptual framework, elements of financial statements, recognition and measurements, qualitative characteristics of accounting information, GAAP, SEC, FASB, CPA exam, he Entity Concept, The Accounting Period Concept, The Cost Principle, The Matching Concept, The revenue Recognition Principle, The Conservatism Principle, The Going Concern Principle. In the practice of financial accounting, certain basic assumptions are important to an understanding of the manner in which data are presented. The following four basic assumptions underlie the financial accounting structure: Economic Entity Assumption.  Economic activity can be identified with a particular unit of accountability in a manner that assumes the company is separate and distinct from its owners or other business units. Going Concern Assumption. In the absence of contrary information, a company is assumed to have a long life. The current relevance of the historical cost principle is dependent on the going-concern assumption. Monetary Unit Assumption. Money is the common denominator of economic activity and provides an appropriate basis for accounting measurement and analysis. The monetary unit is assumed to remain relatively stable over the years in terms of purchasing power. In essence, this assumption disregards any inflation or deflation in the economy in which the company operates. Periodicity Assumption. The economic activities of a company can be divided into artificial time periods for the purpose of providing the company’s periodic reports. Basic Principles 10. (L.O. 7) Certain basic principles are followed by accountants in recording and reporting the transactions of a business entity. These principles relate to how assets, liabilities, revenues, and expenses are to be identified, measured, and reported. Measurement Principle. A ‘mixed-attribute’ system permits the use of various measurement bases. Historical Cost Principle. Acquisition cost is considered a reliable basis upon which to account for assets and liabilities of a company. Historical cost has an advantage over other valuations, as it is thought to be verifiable. Fair Value Principle. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in on orderly transaction between market participants at the measurement date. Recently, GAAP has increasingly called for the use of fair value measurements in the financial statements. Revenue Recognition Principle. Revenue is recognized at the time in which the performance obligation is satisfied. Expense Recognition Principle. Recognition of expenses is related to net changes in assets and earning revenues. The expense recognition principle is implemented in accordance with the definition of expense by matching efforts (expenses) with accom-plishment (revenues). Product costs, such as material, labor, and overhead, attach to the product, and are recognized in the same period the products are sold. Period costs, such as officers’ salaries and other administrative expenses, attach to the period, and are recognized in the period incurred. Full Disclosure Principle. In the preparation of financial statements, the accountant should include sufficient information to influence the judgment and decision of an informed user. A series of judgmental tradeoffs must occur. Cost Constraint 11. (L.O. 8) Although accounting theory is based upon certain assumptions and the application of basic principles, there are some exceptions to these assumptions. One exception is often called a constraint, and sometimes justifies departures from basic accounting theory. Cost Constraint. The cost constraint (or cost-benefit relationship) relates to the notion that the benefits to be derived from providing certain accounting information should exceed the costs of providing that information. The difficulty in cost-benefit analysis is that the costs and especially the benefits are not always evident or measurable.
Intro to Economics: Crash Course Econ #1
In which Jacob Clifford and Adriene Hill launch a brand new Crash Course on Economics! So, what is economics? Good question. It's not necessarily about money, or stock markets, or trade. It's about people and choices. What, you may ask, does that mean. We'll show you. Let's get started! Crash Course is now on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark Brouwer, Jan Schmid, Anna-Ester Volozh, Robert Kunz, Jason A Saslow, Christian Ludvigsen, Chris Peters, Brad Wardell, Beatrice Jin, Roger C. Rocha, Eric Knight, Jessica Simmons, Jeffrey Thompson, Elliot Beter, Today I Found Out, James Craver, Ian Dundore, Jessica Wode, SR Foxley, Sandra Aft, Jacob Ash, Steve Marshall TO: My Students FROM: Mrs. Culp Culpzilla's students are amazing! You guys rock! TO: Everyone FROM: Pankaj DFTBA and keep being the exception like the Mongols. Thank you so much to all of our awesome supporters for their contributions to help make Crash Course possible and freely available for everyone forever: Summer Naugle, Minnow, Ilkka Hemmilä, Kaitlyn Celeste, Lee Toran, Sarty, Damian Shaw, Nathaniel "The Skipper" Cruz Chavez, Maura Doyle, Chris, Sander Mutsaers Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 3788857 CrashCourse
David Harvey's Anti-Capitalist Chronicles: The Value of Everything
Help us reach 100,000 subscribers and gain access to more studio time! Please hit the red SUBSCRIBE button above. ^^^ Thank you for supporting David Harvey's Anti-Capitalist Chronicles on Patreon! Your support helps us compensate the staff and additional workers it takes to put an episode together. Thank you for being a part of the ACC team! [S1 E05] The Value of Everything Prof. Harvey talks about Mariana Mazzucato's new book "The Value of Everything: Making and Taking in the Global Economy."
Views: 27009 Democracy At Work
What is Inflation?
Economists constantly refer to inflation and tend to suggest it is a Very Bad Thing. But why exactly, where does it come from and what could one do to tame it? Please subscribe here: http://tinyurl.com/o28mut7 If you like our films take a look at our shop (we ship worldwide): http://www.theschooloflife.com/shop/all/ Brought to you by http://www.theschooloflife.com Produced in collaboration with Vale Productions http://www.valeproductions.co.uk Music Lanquidity by http://www.purple-planet.com #TheSchoolOfLife
Views: 793278 The School of Life
Productivity and Growth: Crash Course Economics #6
Why are some countries rich? Why are some countries poor? In the end it comes down to Productivity. This week on Crash Course Econ, Adriene and Jacob investigate just why some economies are more productive than others, and what happens when an economy is mor productive. We'll look at how things like per capita GDP translate to the lifestyle of normal people. And, there's a mystery. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Jan Schmid, Simun Niclasen, Robert Kunz, Daniel Baulig, Jason A Saslow, Eric Kitchen, Christian, Beatrice Jin, Anna-Ester Volozh, Eric Knight, Elliot Beter, Jeffrey Thompson, Ian Dundore, Stephen Lawless, Today I Found Out, James Craver, Jessica Wode, Sandra Aft, Jacob Ash, SR Foxley, Christy Huddleston, Steve Marshall, Chris Peters Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 945134 CrashCourse
Liquid Sand Hot Tub- Fluidized air bed
I don't like sand. It's coarse, and rough, and irritating, and it gets everywhere. Here is the build info: https://www.dropbox.com/s/rrt27f71gqjg41v/LiquidSandBedBOM.pdf?dl=0 Here is a video by the King of Random with more details on making one for yourself: https://www.youtube.com/watch?v=yIfi3j8AKmE MUSIC- 0:17- I've got no info on this song. Sorry. 1:40- Cereal Killa- Blue Wednesday- https://soundcloud.com/bluewednesday 2:54- Danijel Zambo- Devil in Disguise 3:25- Keep on Trying- Andrew Applepie- http://andrewapplepie.com/ 4:50- Berlin- Andrew Applepie- http://andrewapplepie.com/ 6:20- Cereal Killa- Blue Wednesday- https://soundcloud.com/bluewednesday 7:20- Pata Pata- Matt Cherne- http://chernebeats.com 8:45- Q- Blue Wednesday- https://soundcloud.com/bluewednesdayhttps://soundcloud.com/bluewednesday/ 9:37- Too Happy to be cool by Notebreak- https://soundcloud.com/notebreak/dubstep-too-happy-to-be-cool Summary: Fluidized beds are used in industry for various reasons. They also happen to be really cool to play with and swim in. I made a liquid sand hot tub by adding air in just the right way. By popular demand I have shirts now! I picked the high quality shirts and make $0 on all items which is why they are priced handsomely. https://teespring.com/stores/markrober PLEASE CONSIDER SUBSCRIBING: http://tinyurl.com/MarkRober-Sub ****************************************­ I make videos like this once a month all year long while supplies last: CHECK OUT MY CHANNEL: http://tinyurl.com/MarkRober-YouTube INSTAGRAM: https://www.instagram.com/markrober/ TWITTER: https://twitter.com/#!/MarkRober FACEBOOK: https://www.facebook.com/MarkRoberYouTube
Views: 41738787 Mark Rober
Imports, Exports, and Exchange Rates: Crash Course Economics #15
What is a trade deficit? Well, it all has to do with imports and exports and, well, trade. This week Jacob and Adriene walk you through the basics of imports, exports, and exchange. So, you remember the specialization and trade thing, right? So, that leads to imports and exports. Economically, in the aggregate, this is usually a good thing. Globalization and free trade do tend to increase overall wealth. But not everybody wins. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Eric Kitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, Moritz Schmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, Elliot Beter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, Caleb Weeks -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 1061106 CrashCourse
How economic inequality harms societies | Richard Wilkinson
http://www.ted.com We feel instinctively that societies with huge income gaps are somehow going wrong. Richard Wilkinson charts the hard data on economic inequality, and shows what gets worse when rich and poor are too far apart: real effects on health, lifespan, even such basic values as trust. TEDTalks is a daily video podcast of the best talks and performances from the TED Conference, where the world's leading thinkers and doers give the talk of their lives in 18 minutes. Featured speakers have included Al Gore on climate change, Philippe Starck on design, Jill Bolte Taylor on observing her own stroke, Nicholas Negroponte on One Laptop per Child, Jane Goodall on chimpanzees, Bill Gates on malaria and mosquitoes, Pattie Maes on the "Sixth Sense" wearable tech, and "Lost" producer JJ Abrams on the allure of mystery. TED stands for Technology, Entertainment, Design, and TEDTalks cover these topics as well as science, business, development and the arts. Closed captions and translated subtitles in a variety of languages are now available on TED.com, at http://www.ted.com/translate.
Views: 700474 TED
Lesson 1 - What is Forex and how does It work?
Know your forex terms Before we delve any deeper into the possibilities that exist in the Forex market, we need to go over some basic Forex market terms. Pip: A pip (percentage in point) or point, is usually the smallest unit of measurement in the Forex market. Most currency pair quotes are carried out four decimal places—i.e. 1.4500. When you work with Alpari quotes are carried out to the 5th decimal place to provide better pricing. The 5th decimal place represents fractional pips. If the exchange rate of a currency pair moved from 1.45000 to 1.45100, we would say that the price moved up 10 pips. You make money when the pips move your way in a trade. Note: Any exchange rate that contains the Japanese yen as one of the currencies will only be carried out three decimal places. Currency Pair: We wouldn't have a Forex market if we weren't able to compare the value of one currency against the value of another currency. It is this comparison that drives prices. Forex contracts are always quoted in pairs. The Euro vs. the U.S. dollar (EUR/USD) is the most heavily traded currency pair. The U.S. dollar vs. the Japanese yen (USD/JPY) is another popular pair. The following is a list of the most common currency pairs, their trading symbols and their nicknames: Euro vs. U.S. dollar (EUR/USD): "The Euro" Great Britain Pound vs. U.S. dollar (GBP/USD): "Pound," "Sterling," or "The Cable." U.S. dollar vs. Swiss franc (USD/CHF): "The Swissie U.S. dollar vs. Japanese yen (USD/JPY): "The Yen" U.S. dollar vs. Canadian dollar (USD/CAD): "The CAD," or "Loonie" Australian dollar vs. U.S. dollar (AUD/USD): "The Aussie" New Zealand dollar vs. U.S. dollar (NZD/USD): "The Kiwi"
Views: 1168367 Alpari UK
Supply, Demand, and the Value of Markets
Thanks to supporters on Patreon, especially: Jordan Scales Kairui Wang Eric Helps Ben Kamens Ben Komalo Christy Serbus Sean Barker Rikard Eide Wyatt Nelson Aurélien Géron Patrick Foster Send market signals by supporting Primer on Patreon! https://www.patreon.com/primerlearning For discussion and updates: - Reddit r/primerlearning - Twitter @primerlearning - Facebook: facebook.com/primerlearning Made with Blender and python. - Github: https://github.com/Helpsypoo/primer License information: Creative Commons 4.0 (CC-BY). This basically means you can do whatever you want with this video, but you need to credit Primer and link back to your source. More info at https://creativecommons.org/licenses Speaking of attribution: - The music is "Divider" by Chris Zabriskie, distributed under a CC-BY license via Free Music Archive. - Several other inputs into the graphics are from public domain contributions to blendswap.com
Views: 407417 Primer
Economic Baal God
www.ScripturesForAmerica.org Scriptural Insight and Study 10/16/2011 http://www.sfawcart.com/index.php/catalogsearch/result/index/?p=1&q=economics http://theeconomiccollapseblog.com/archives/10-signs-that-the-american-people-are-starting-to-freak-out-about-the-condition-of-the-economy http://www.giveshare.org/BibleLaw/lawhandbook/16.html National & personnel debt, taxes, bailouts, riots, protest, inflation, socialism, communism, economic crisis, the corrupt Federal Reserve... America is under God's judgement!!!!!!!!!!!! 2 Chronicles 7:14 Economic and monetary laws Comments: There is perhaps no other aspect of a nation or function of government that will affect the lives, prosperity and well being of a people more than the economic system and monetary principles of a nation. An economy of a nation is essentially the degree of freedom the people possess expressed in material terms. The economy that operated upon the lives of those in biblical times was a type of free enterprise system, where each individual could accumulate, trade, sell and dispose of possessions as he chose. Trade and commerce has been an economic necessity throughout time. Through such means a man exchanges the results of his labor for the results of the labor of others. Money was often used to represent a certain amount of labor and was exchanged for both labor or possessions. While gold was on occasion used in monetary transactions, silver became the common form of money so that the word used for money was keceph (silver), as in Gen. 23:13 - I will give thee money (silver) for the field." Silver was thus money, a measure of value, and a medium of exchange, as the U.S. silver coins were. The word shekel (shaqal, 'to weigh'), it should be noted, was a weight and not a coin, as is also true of the English pound and American dollar. All commodities traded and sold, as well as precious metals used as money, were required to be measured and weighed according to established standards. Their measure in length, capacity, volume, weight, and value all had prescribed units (e.g., shekel, bath, omer, ephah, cubit, gerah, dram, etc.), which no one was allowed to deviate from-"You shall not have differing weights and differing measures" (Deut. 25:13-14). The use of usury or interest was severely condemned in Bible law. Usury was regarded as unjust gain (Prov. 28:8), and creates financial burdens (Neh. 5:4-10), as its use requires more to be paid back than what was borrowed. The repugnance the Bible conveys towards usury was carried over and adopted in the English Common Law: "Usury was held in abhorrence in England at as early a date as the reign of Alfred (c. 875 A.D.), and the severest powers of the king and the church were exerted against the usurer" (Story, Law of Cont., � 590). Sir Edward Coke says, "it appears that, by the ancient laws of the realm, usury was unlawful and punishable" (Ibid.; citing, 3 Coke's Institutes 152). The Bible identifies usury as any amount of interest or increase derived from the loan of money. Usury thus signifies the illegal loan or rent of money. Martin Luther compared the taking of usury with theft and murder, as does the Scriptures. While the Bible requires that we loan to a needy brother that which he needs, it also cautions us against borrowing and debt. Borrowing creates debt and debt -is nothing more than economic bondage. In order to prevent permanent financial burden by having unpayable debts accumulate, God's law requires a sabbatical "year of release" every seven years. On that year all obligations of debts and balances owing were to be canceled. A canceling of all debts in the nation was thus to occur at an established time or year, according to the national cycle of seven years. If no period was established then the debt would last for only six years from the time it was incurred.
The Responsibility for Developed Countries to Help Developing Countries: Bill Gates (2008)
The development of a country is measured with statistical indexes such as income per capita (per person) (gross domestic product), life expectancy, the rate of literacy, et cetera. The UN has developed the Human Development Index (HDI), a compound indicator of the above statistics, to gauge the level of human development for countries where data is available. Developing countries are, in general, countries that have not achieved a significant degree of industrialization relative to their populations, and have, in most cases, a medium to low standard of living. There is a strong correlation between low income and high population growth. The terms utilized when discussing developing countries refer to the intent and to the constructs of those who utilize these terms. Other terms sometimes used are less developed countries (LDCs), least economically developed countries (LEDCs), "underdeveloped nations" or Third World nations, and "non-industrialized nations". Conversely, developed countries, most economically developed countries (MEDCs), First World nations and "industrialized nations" are the opposite end of the spectrum. To moderate the euphemistic aspect of the word developing, international organizations have started to use the term less economically developed country (LEDCs) for the poorest nations—which can, in no sense, be regarded as developing. That is, LEDCs are the poorest subset of LDCs. This may moderate against a belief that the standard of living across the entire developing world is the same. The concept of the developing nation is found, under one term or another, in numerous theoretical systems having diverse orientations — for example, theories of decolonization, liberation theology, Marxism, anti-imperialism, and political economy. Another important indicator is the sectoral changes that have occurred since the stage of development of the country. On an average, countries with a 50% contribution from the Secondary sector of Manufacturing have grown substantially. Similarly countries with a tertiary Sector stronghold also see greater rate of Economic Development. The "BRIC" countries, Brazil, Russia, India, and China are difficult to categorize because of their rapid economic development in recent years. However, they are still not developed countries. There is criticism of the use of the term 'developing country'. The term implies inferiority of a 'developing country' or 'undeveloped country' compared to a developed country, which many countries dislike. It assumes a desire to 'develop' along the traditional 'Western' model of economic development, which a few countries, such as Cuba and Bhutan, choose not to follow.[12] The term 'developing' implies mobility and does not acknowledge that development may be in decline or static in some countries, particularly in southern African states worst affected by HIV/AIDS. In such cases, the term developing country may be considered a euphemism. The term implies homogeneity between such countries, which vary widely. The term also implies homogeneity within such countries when wealth (and health) of the most and least affluent groups varies widely. Similarly, the term 'developed country' incorrectly implies a lack of continuing economic development/growth in more-developed countries. In general, development entails a modern infrastructure (both physical and institutional), and a move away from low value added sectors such as agriculture and natural resource extraction. Developed countries, in comparison, usually have economic systems based on continuous, self-sustaining economic growth in the tertiary sector of the economy and quaternary sector of the economy and high material standards of living. However, there are notable exceptions, as some countries considered developed have a significant component of primary industries in their national economies, e.g., Norway, Canada, Australia. The USA and Western Europe have a very important agricultural sector, and are major players in international agricultural markets. Also, natural resource extraction can be a very profitable industry (high value added), e.g., oil extraction. An alternative measurement that has been suggested is that of Gross national happiness, measuring the actual satisfaction of people as opposed to how money-oriented a country is. http://en.wikipedia.org/wiki/Developing_country
Views: 9102 Way Back
Treasury Bond Maven Robert Kessler Warns of Recession Ahead & Where to Take Shelter
Yields on government bonds are falling across the globe. The yields on the benchmark 10-year bond in both Germany and Japan are negative for the first time in a couple of years. The European Central Bank, already announced it would hold its short-term rates below zero at least through December. Here in the U.S., where economic growth is stronger, the Fed reconfirmed that it is on hold. The futures markets, however, are betting on a change in policy toward more easing. The Federal-Funds futures were recently pricing in a 40% chance of one rate cut this year, an expectation several Fed officials were quick to dismiss. The bond market is signaling possible trouble ahead. For the first time since 2007 long-term interest rates, as measured by the yield on the 10-year Treasury note fell below short-term rates, as measured by the yield on 3-month Treasury bills. Known as an inverted yield curve it is considered to be a reliable indicator of recession. This week’s WEALTHTRACK exclusive guest has long been warning of subpar economic growth globally and the risks inherent in this recovery. He has spoken about them numerous times on WEALTHTRACK. Back by popular demand is Robert Kessler, Founder, and CEO of Kessler Investment Advisors, a manager of fixed-income portfolios with a specialty in U.S. Treasuries for institutions and high net worth individuals around the globe. Kessler is now telling clients that there is a recession dead ahead but his silver lining is that it provides an unusual investment opportunity. WEALTHTRACK #1541 broadcast March 29, 2019. More info: www.wealthtrack.com
Views: 46422 WealthTrack
Modern Portfolio Theory, the Efficient Market Hypothesis, and the Power of Dividend Investing
Subscribe to Hidden Forces and gain access to the episode overtime, transcript, and show rundown here: http://hiddenforces.io/subscribe   In Episode 73 of Hidden Forces, Demetri Kofinas speaks with Daniel Peris, a Senior Portfolio Manager at Federated Investors in Pittsburgh where he oversees the firm's dividend-focused products. Today’s conversation is about the evolution of financial theory, beginning with the rough and tumble world of 19th-century finance with its stock syndicates, market corners, and curb exchanges. Where big personalities like Daniel Drew, James Fisk, and Jay Gould conspired and fought to take from Joe Public, and from each other, the riches afforded to them by laissez-faire capitalism and the industrial revolution. The discussion is broken into two parts. The first deals with the world as it was before 1929 with its unregulated, unstructured, and highly inefficient markets. The second part explores the world after the Great Crash, where a confluence of forces – economic, demographic, institutional, and intellectual – supported the procurement and distribution of a new set of financial theories that promised to explain away uncertainty and guide the allocation of risk in the pursuit of profits. As inheritors of this new world, we cannot help but function under the fallacies of its paradigms. One of these fallacies is the notion that economies are independent phenomena that operate, by and large, according to a certain set of physical laws. Most people will acknowledge that our economic and financial models are imperfect, but most people also think of them as being somewhat analogous to models developed in the natural sciences. Because of this false comparison to physics (equilibrium) and nature (normal distributions), people often remain unaware of the centrality of politics in theories of the economy. Economies are not independent phenomena that answer only to the laws of nature. They are political and social phenomena that exist within a political system. Theories of the economy that do not take into account the system within which they operate are flawed...in some cases, significantly so. Austrian theories of money and credit, for example, are better at describing how the banking system operates in a laissez-faire society, whereas Modern Monetary Theory is better at describing how it works in our current, fiat-based system of unrestrained credit growth. What often happens is that devotees of these different schools are actually advocating for a specific set of policies, under the pretense that their views are scientific and that their policies derive logically from some objective view of how an ideal economy operates, when in fact, they are based on political values and societal ideals. The MMT school is full of progressive social-democrats who want governments to play a larger role in the economy, whereas the Austrian school is full of conservative libertarians who want less government. This sorting along political lines is not a coincidence. Investment theories operate rather differently than theories about the economy, in that there is no argument in the investment world about what matters most. It’s profits. In light of this fact, the discrepancies between various investment theories require alternative explanations that do not rely on political ideology or moral sentiment. It would seem sufficient to declare that the widespread adoption of theories like Modern Portfolio Theory (MPT), the Efficient Market Hypothesis (EMH), Capital Asset Pricing Model (CAPM), etc., was enabled by the growth of a large middle class with excess income available for investment that had not directly experienced the boom and bust of the Roaring 20’s and accelerated by the Employee Retirement Income Security Act (ERISA) of 1974. Entrepreneurially minded financial industry professionals saw an opportunity, but this opportunity required a more streamlined approach to investing and one that would put themselves, and their clients, at ease. The need to bring order to the chaotic world of prices has encouraged the adoptions of systematic investment strategies that claimed the ability to quantify risk. When it comes to investing other people’s money, having a more coherent, easy-to-understand theory that provides the illusion of control is a very valuable tool. From an evolutionary point of view, it is no wonder how theories purporting to quantify risk and target reward proliferated so quickly. It was in everyone’s interest that they do so. How these theories came together to form the dominant, ideological template of risk-adjusted-return measured against exposure to the broader market is the essence of today’s episode. Its significance can be found in the implications associated with equating diversification with correlation: trading idiosyncratic risk for systemic risk and what happens when everyone is doing it. Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou
Views: 1139 Hidden Forces
1174. Money Measurement Principle of Accounting
Money measurement concept means that in accounting, only those transactions or events are recorded which can be measured in terms of money. Thus, an event, or a fact, which is not capable of being expressed in terms of money is not recorded in the books of accounts, say for example Employee skills, Customer Service Quality.
Views: 4344 Arinjay Academy
Module 1: What is Supply Chain Management? (ASU-WPC-SCM) - ASU's W. P. Carey School
Part 1 of 12 - This module introduces viewers to the field of supply chain management. It describes the complex supply chain of a simple product, a bottle of water. The video also illustrates the importance of supply chain managers and their skill sets in our modern global economy for both manufacturing and service industries. In defining supply chain management, the video also hopes to educate and inspire business students, young and old, about the opportunities available to those with supply chain management degrees. This is the first installment in Arizona State University's twelve-part introduction to supply chain management video series. ASU, the W. P. Carey School of Business, and the Supply Chain Management Department are proud and happy to share this video series with supply chain management departments, supply chain instructors, career specialists in high schools and universities, as well as industry leaders in an effort to inspire a new generation of supply chain management professionals across the country and around the world. Further installments in this series will be made available during the spring of 2010. For more information, visit W. P. Carey's SCM Web site at http://wpcarey.asu.edu/scm or send an e-mail to [email protected]
What is FINANCE CAPITALISM? What does FINANCE CAPITALISM mean? FINANCE CAPITALISM meaning - FINANCE CAPITALISM definition - FINANCE CAPITALISM explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. Finance capitalism or financial capitalism is the subordination of processes of production to the accumulation of money profits in a financial system. Financial capitalism is thus a form of capitalism where the intermediation of saving to investment becomes a dominant function in the economy, with wider implications for the political process and social evolution: since the late 20th century it has become the predominant force in the global economy, whether in neoliberal or other form. Finance capitalism is characterized by a predominance of the pursuit of profit from the purchase and sale of, or investment in, currencies and financial products such as bonds, stocks, futures and other derivatives. It also includes the lending of money at interest; and is seen by Marxist analysts (from whom the term finance capitalism originally derived) as being exploitative by supplying income to non-laborers. Academic defenders of the economic concept of capitalism, such as Eugen von Böhm-Bawerk, see such profits as part of the roundabout process by which it grows and hedges against inevitable risks. In financial capitalism, financial intermediaries become large concerns, ranging from banks to investment firms. Where deposit banks attract savings and lend out money, while investment banks obtain funds on the interbank market to re-lend for investment purposes, investment firms, by comparison, act on behalf of other concerns, by selling their equities or securities to investors, for investment purposes. The meaning of the term financial capitalism goes beyond the importance of financial intermediation in the modern capitalist economy. It also encompasses the significant influence of the wealth holders on the political process and the aims of economic policy. Thomas Palley has argued that the 21st century predominance of finance capital has led to a preference for speculation – Casino Capitalism – over investment for entrepreneurial growth in the global economy. Rudolf Hilferding is credited with first bringing the term finance capitalism into prominence, with his (1910) study of the links between German trusts, banks, and monopolies before World War I – a study subsumed by Lenin into his wartime analysis of the imperialist relations of the great world powers. Lenin concluded of the banks at that time that they were “the chief nerve centres of the whole capitalist system of national economy”: for the Comintern, the phrase "dictatorship of finance capitalism" became a regular one. In such a traditional Marxist perspective, finance capitalism is seen as a dialectical outgrowth of industrial capitalism, and part of the process by which the whole capitalist phase of history comes to an end. In a fashion similar to the views of Thorstein Veblen, finance capitalism is contrasted with industrial capitalism, where profit is made from the manufacture of goods. Braudel would later point to two earlier periods when finance capitalism had emerged in human history – with the Genoese in the 16th century and the Dutch in the 17th and 18th centuries – although at those points it was from commercial capitalism that it developed. Giovanni Arrighi extended Braudel's analysis to suggest that a predominance of finance capitalism is a recurring, long-term phenomenon, whenever a previous phase of commercial/industrial capitalist expansion reaches a plateau. Whereas by mid-century the industrial corporation had displaced the banking system as the prime economic symbol of success, the late twentieth-century growth of derivatives and of a novel banking model ushered in a new (and historically fourth) period of finance capitalism. Fredric Jameson has seen the globalised abstractions of this current phase of financial capitalism as underpinning the cultural manifestations of postmodernism. Fascists were vocal in their opposition to finance capitalism. C. H. Sisson saw the underlying theme of The Cantos of Ezra Pound as the depredations of finance capital: “the monstrous aberration of a world in which reality is distorted, down to a detail never so comprehensively implicated before, by the pull of a fictitious money”. Gottfried Feder opposed financial capitalism and the concentration of capital by bankers in Germany.
Views: 1209 The Audiopedia
Thinking Biblically About the Economy, Government, and Your Money (Selected Scriptures)
For details about this sermon and for related resources, click here: https://www.gty.org/library/sermons-library/80-358 To receive John MacArthur’s monthly letter, as well as free resources by mail, click here: https://www.gty.org/home/newtogty Facebook: https://www.facebook.com/gracetoyou Twitter: https://twitter.com/gracetoyou Google +: https://plus.google.com/+gracetoyou Copyright © 2010, Grace to You. All rights reserved. Read our copyright policy here: https://www.gty.org/about#copyright
Views: 80709 Grace to You
What Are The Characteristics Of A Traditional Economic System?
Now that we know a traditional economy is built upon traditions, customs, and beliefs, let's look at some other factors contribute to this type of. Each economy has its strengths and to compare different types of economic systems; To identify characteristics the private enterprise what is an system? Traditional economies. Hunting & gathering; Herding traditional economy is an original economic system in which traditions, customs, and beliefs help shape the goods services produces, student compares characteristics of command, market, mixed economies on basis property rights, factors production locus students should be able to define state functions. Traditional economy? Definition, characteristics what is a traditional economy definition, examples, pros, cons the balance. Start studying chapter 2 economic systems and decision making (carinita). Features existence was primarily based on traditions 11 dec 2014 human capital a measure of the economic value an employee's skill set. Characteristics of a traditional economy. What is a traditional economy? Definition, characteristics study what economy definition advantages examples. It is dependent on 12 oct 2014. Traditional economy has some advantages as well traditional economic systempeople produce most all of what they need to survive. Tradition guides economic decisions such as production and distribution. Economic systems powerpoint. Traditional economies are often based on one or a few of agriculture, hunting, fishing, and gathering 9 feb 2017 definition traditional economy is system that relies customs, history time honored beliefs. This measure builds on the basic production input of labor economic systems. Traditional economies depend on agriculture, fishing, hunting, gathering or some combination of the above. They use barter instead of money a traditional economy is an economic system where customs, traditions and beliefs determine the goods services created by society. Definition the use of scarce resources, and nearly all other economic activity, stems from ritual, habit, or customcharacteristics 31 mar 2017 there are four types systems; Traditional, command, market own way, but they still share a significant number characteristics 19 may 2014 primary systems in world traditional, mixed. You should be able to identify the key characteristics of acommand economysocialismtraditional economies a. The 4 types of economic systems explained udemy blog. Learn vocabulary, terms what are the characteristics of a traditional economy? . Command the four types of economic systems quickonomics. Googleusercontent search. Html url? Q webcache. Traditional economy? Definition, characteristics. What are characteristics of a traditional economy? Traditional economy definition, examples, chapter 2 economic systems and decision making (carinita what the main system slideshareadvantages disadvantages systemcomparing economies traditional, command elkhart usd 218a is defined by three kelly ycampbelltraditional
Views: 143 new sparky
What Is The Meaning Of Variable In Economics?
Many items in economics can take on different values oct 7, 2015 hint. Dec 26, 2016 simple definition and overview of instrumental variable iv branch economics that uses statistics to describe economic systems, is not consistent or having a fixed pattern; Liable change, able be changed adapted the nominal value good its in terms money. Library of variable costs best definition 'variable markup policy' the economic times. They are similar to (but not exactly the same as) dependent variables. The measurable variables in economics are quantity, quality and distribution. What is variable? Definition from whatis. Economic variable financial definition of economic. These measures differ from one another by the variables they measure and excluded measurements. The real value is its in terms of some other variable costs are corporate expenses that vary direct proportion to the quantity output. Instrumental variable definition & overview statistics how todefinition of in english by oxford dictionariesnominal, high school economics topics. Endogenous variable and exogenous definition definitions cost & fixed economics fundamental. It an economic variable is any measurement that helps to determine how economy functions. See also indicator jun 7, 2017 pass, christopher, lowes, bryan collins dictionary of economics (1993)people have asked me why i do not include other important variables a variable represents concept or an item whose magnitude can be represented by number. Examples include population, poverty rate, inflation, and available resources. Googleusercontent search. What is a variable? Definition and meaning businessdictionary definition variable. What is the difference between variable and fixed cost? Try separating your total cost into. Economic data charted on a graph where the line has shape of an 'l. Ethus a variable can be considered as quantity which assumes variety of values in particular problem. Economic variable financial definition of economic variable. Unlike fixed costs, which remain constant regardless of output, definition the policy charging variable markups on different category merchandise depending upon their classification is called markup. To do this, think about define variable able or likely to change be changed not always the same see defined for kids unemployment and other economic variables a cost is corporate expense that varies with production output. What is a variable? Definition and meaning businessdictionary. Continuous variable definition (continuous data) statistics how to. For this reason, it is possible to define the changes in quality and quantity of dec 9, 2014 an endogenous variable used econometrics. Variable costs are those that vary depending on a company's production volume; The measures used in economics physical measures, nominal price value and fixed. Step by step articles, statistics videosstats made easy!. Definition of variable a characteristic, number, or quantity that increases decreases over two b
Views: 63 Your Question I
Catastroika is a crowdfunded documentary under creative commons license. It was at the beginning of 1989 when the French academic Jacques Rupnik sat at his desk, in order to prepare a report on the state of the economic reforms in Mikhail Gorbatsov's Soviet Union. The term that he used in describing the death rattle of the empire was "Catastroika". In Yeltsin's time, when Russia instituted maybe the biggest and least successful privatization experiment in the history of humanity, a group of Guardian reports assigned a different meaning to Rupnik's term. "Catastroika" became synonym of the country's complete destruction by market forces; the sell off of public property; and the steep deterioration of citizens' living standards. Now, Catastroika's unit of measurement was unemployment, social impoverishment, declining life expectancy, as well as the creation of a new cast of oligarchs, who took over the country's reins. A few years later, a similar effort to massively privatize public property in unified Germany (which is presented as a model for Greece) created millions of unemployed and some of the biggest scandals in European history. It is this "Catastroika" that is coming soon to Greece; to "Europe's last Soviet Republic" as the MPs and the ministers of its former "socialist" government liked to call it. Catastroika is the logical aftermath and continuation of "Debtocracy". Therefore, the logical sequence of our first documentary, which examined the causes of the debt crisis in Greece and the European periphery as a whole. Nevertheless, Catastroika is a virus that attacks not only the countries that radically change their economic system (like Russia) or countries under financial occupation. In fact, maybe the most unsuccessful privatization examples occur in financial superpowers that theoretically have the financial strength to control their negative consequences. Catastroika can be spotted in post-Thatcherite Britain, where citizens were killed in accidents at the privatized rail network. It can be detected in the Dutch privatized and liberalized postal sector, where thousands of jobs have been cut and mail arrives at one's door two to three times per day. It can be detected even in California, which left her citizens in the dark when it deregulated the energy market. However, its consequences are the gravest and most frightening at countries which fell in the trap of foreign lenders and are obliged to proceed to mass privatization. The public property sell-off which takes place in Greece has been tried several times in similar circumstances. The same people, who undertook the selling of public utilities in Latin American countries, now have moved their office in countries of the European periphery --and the most competent among them have been travelling to Athens during the last months. The procedure always follows exactly the same steps: In the beginning, the government, in collaboration with mass media, starts a forceful attack against public servants, who are presented as responsible for all the country's financial woes. The myth of the overextended public sector is often based on manipulated data from organizations supported and supporting the government of the time. Concurrently, specific public organizations are deliberately left unsupported, exasperating citizens due to their inefficiency. The process is completed by the sell-off of even the most profitable public organizations at a fraction of their real value. Catastroika's team travelled in many countries, collecting images, information and material on deregulation and privatization programs that have been implemented at the so-called "developed" world. The final result of the research is never black or white. The divide between the "social character" of the public sector vis-à-vis the inhumane face of the free market is equally simplistic as the theories of Milton Freedman that professed the need to privatize even the air that we breathe. The Greek case however supersedes the simple theoretical discussion on the role of the country in the economy. Once more, the documentary is distributed online under creative commons licence. The free circulation of Catastroika is not just an "obligation" to our co-producers. It is our deeper and ideological belief that each product of intellectual creation should be freely available to all. The current financial system, while based all the more on the production and management of information, is incapable by its nature to find a way to secure the remuneration of information creators. This is probably one of many dead-ends in the development of the economy's productive forces, which may soon threaten the bases of the current financial system. Because, as it is well known, every system that stopped the development of the productive forces fell apart -- and you can ask the feudalists about that...
Views: 61439 Moviementa Productions
Richard Wolff: "Democracy at Work: A Cure for Capitalism" | Talks at Google
Richard D. Wolff is Professor of Economics Emeritus, University of Massachusetts, Amherst where he taught economics from 1973 to 2008. He is currently a Visiting Professor in the Graduate Program in International Affairs of the New School University in New York City. He wrote Democracy at Work: A Cure for Capitalism and founded www.democracyatwork.info, a non-profit advocacy organization of the same name that promotes democratic workplaces as a key path to a stronger, democratic economic system. Professor Wolff discusses the economic dimensions of our lives, our jobs, our incomes, our debts, those of our children, and those looming down the road in his unique mixture of deep insight and dry humor. He presents current events and draws connections to the past to highlight the machinations of our global economy. He helps us to understand political and corporate policy, organization of labor, the distribution of goods and services, and challenges us to question some of the deepest foundations of our society. For more of his lectures, visit the Democracy at Work YouTube channel: https://www.youtube.com/user/democracyatwrk. Get the book here: https://goo.gl/XDxuDL
Views: 353250 Talks at Google
Alan Greenspan: U.S. Economy, Education and Training to Compete in Global Markets (2005)
The world economy or global economy is the economy of the world, considered as an international exchange of goods and services.[4] In some contexts, the two terms are distinguished: the "international" or "global economy" being measured separately and distinguished from national economies while the "world economy" is simply an aggregate of the separate countries' measurements. Beyond the minimum standard concerning value in production, use, and exchange the definitions, representations, models, and valuations of the world economy vary widely. It is inseparable from the geography and ecology of Earth. It is common to limit questions of the world economy exclusively to human economic activity, and the world economy is typically judged in monetary terms, even in cases in which there is no efficient market to help valuate certain goods or services, or in cases in which a lack of independent research or government cooperation makes establishing figures difficult. Typical examples are illegal drugs and other black market goods, which by any standard are a part of the world economy, but for which there is by definition no legal market of any kind. However, even in cases in which there is a clear and efficient market to establish a monetary value, economists do not typically use the current or official exchange rate to translate the monetary units of this market into a single unit for the world economy, since exchange rates typically do not closely reflect worldwide value, for example in cases where the volume or price of transactions is closely regulated by the government. World share of GDP (PPP) (World Bank, 2011).[5] Rather, market valuations in a local currency are typically translated to a single monetary unit using the idea of purchasing power. This is the method used below, which is used for estimating worldwide economic activity in terms of real US dollars or euros. However, the world economy can be evaluated and expressed in many more ways. It is unclear, for example, how many of the world's 7.13 billion people have most of their economic activity reflected in these valuations. In 2015, the largest economies in the world with more than $2 trillion, €1.25 trillion by nominal GDP were the United States, China, Japan, Germany, France, the United Kingdom and India. http://en.wikipedia.org/wiki/World_economy Microeconomics (from Greek prefix mikro- meaning "small" and economics) is a branch of economics that studies the behavior of individuals and small impacting organizations in making decisions on the allocation of limited resources (see scarcity). Macroeconomics (from the Greek prefix makro- meaning "large" and economics), on the other hand, is a branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole, rather than individual markets. The modern field of microeconomics arose as an effort of neoclassical economics school of thought to put economic ideas into mathematical mode. It began in the 19th century debates surrounding the works of Antoine Augustine Cournot, William Stanley Jevons, Carl Menger, Léon Walras, this period is usually denominated as the Marginal Revolution . A recurring theme of these debates was the contrast between the Labor theory of value and the Subjective theory of value, the former being associated with classical economists such as Adam Smith, David Ricardo and Karl Marx (Marx was a contemporary of the marginalists). Alfred Marshall in his Principles of Economics (1890),[7] presented a possible solution to this problem, using the supply and demand model. Marshall's idea of solving the controversy was that the demand curve could be derived by aggregating individual consumer demand curves, which were themselves based on the consumer problem of maximizing utility. The supply curve could be derived by superimposing a representative firm supply curves for the factors of production and then market equilibrium would be given by the intersection of demand and supply curves. He also introduced the notion of different market periods: mainly short run and long run. This set of ideas gave way to what economists call perfect competition, now found in the standard microeconomics texts, even though Marshall himself has highly skeptical it could be used as general model of all markets. http://en.wikipedia.org/wiki/Market_(economics)
Views: 149 Way Back
The Third Industrial Revolution: A Radical New Sharing Economy
The global economy is in crisis. The exponential exhaustion of natural resources, declining productivity, slow growth, rising unemployment, and steep inequality, forces us to rethink our economic models. Where do we go from here? In this feature-length documentary, social and economic theorist Jeremy Rifkin lays out a road map to usher in a new economic system. A Third Industrial Revolution is unfolding with the convergence of three pivotal technologies: an ultra-fast 5G communication internet, a renewable energy internet, and a driverless mobility internet, all connected to the Internet of Things embedded across society and the environment. This 21st century smart digital infrastructure is giving rise to a radical new sharing economy that is transforming the way we manage, power and move economic life. But with climate change now ravaging the planet, it needs to happen fast. Change of this magnitude requires political will and a profound ideological shift. To learn more visit: https://impact.vice.com/thethirdindustrialrevolution Click here to subscribe to VICE: http://bit.ly/Subscribe-to-VICE Check out our full video catalog: http://bit.ly/VICE-Videos Videos, daily editorial and more: http://vice.com More videos from the VICE network: https://www.fb.com/vicevideo Click here to get the best of VICE daily: http://bit.ly/1SquZ6v Like VICE on Facebook: http://fb.com/vice Follow VICE on Twitter: http://twitter.com/vice Follow us on Instagram: http://instagram.com/vice Download VICE on iOS: http://apple.co/28Vgmqz Download VICE on Android: http://bit.ly/28S8Et0
Views: 3455708 VICE
Money is one measure of value, not the only measure of value Gita 16 13
We live in a materialistic, money-centered culture that is almost mercenary in its obsession with money. Money is essential for our survival, so it is a measure of value. But it is not the only measure of value. That is, there are things whose value transcends money, whose value can’t be computed in monetary terms – for example, the love of our loved ones and ultimately the love of Krishna. When people value money more than relationships, then they sentence themselves to loneliness because they become suspicious of everyone around them. Money can make people not just suspicious, but also malicious – not only do they dread that others will harm them for the sake of money, they themselves may decide to harm others for its sake. The Bhagavad-gita (16.13-15) states that such people get so consumed by schemes for making money that their ethics and even their humanity gets consumed. They don’t feel any compunction in planning the elimination of those who obstacles on their path of monetary aggrandizement. Of course, most of us will never go to such horrendous extremes in the pursuit of money, but we need to recognize the deadliness of the slippery slope down which infatuation with money can push us. When we practice bhakti and understand the Gita’s revelation about the nature of reality, we see that the ultimate value of money lies in its capacity to be used in the service of the one who is ultimately valuable, the one who alone is going to remain with us when times takes away money and everything else of value. By giving the supreme value to Krishna, we can give appropriate value to money and ensure that we use it in a way that it adds value to our life, not subtracts value from it.
Views: 23 Gita Daily
HDS Carbon from Lowrance - Are you ready?
The Lowrance® HDS-12 Carbon features a new 12-inch ultra-clear SolarMAX™ HD multi-touch display using high-bright LED backlighting and advanced anti-reflective coatings to create wider viewing angles in any lighting condition. Only in HDS Carbon will you find superior color accuracy and a boosted high-resolution viewing panels specifically designed to truly maximize today’s leading sonar. Loaded with dual core high performance processor, HDS Carbon delivers faster redraw speeds and quicker response times for dual-channel CHIRP sonar, dual network sounder views, StructureScan 3D® and StructureMap™ plus split-screen views showing all this and mapping at the same time; it has enough reserve brute strength to drive future high powered fishfinding upgrades. HDS Carbon brings modern “smartphone-like” comfort with integrated wireless and Bluetooth® connectivity that supports the most advanced marine technology including a Network Analyzer that notifies user when a new software is available, a system Service Assistant that allows user to transmit a detailed report of their electronics network direct to technical advisors for custom hands-on assistance. HDS Carbon is the most versatile combo available today, it can view and control Mercury® VesselView® Link, be paired with Power-Pole® shallow-water anchors, and control SmartSteer™ trolling motor/outboard motors. An expansive list of safety and entertainment plug-ins are available to complete your network. You can navigate easily with HDS Carbon behind proven Lowrance expertise, a 10 Hz internal GPS antenna, built-in C-MAP, and a multitude of mapping options accessible from the unit’s dual microSD card slots or via wireless download from GoFree® Shop. For more information, visit http://www.lowrance.com/carbon. Learn more: https://www.lowrance.com/lowrance/series/hds-carbon/?utm_source=youtube.com&utm_medium=referral
Views: 84441 Lowrance
What Is The Difference Between Nominal And Real GDP?
Nominal vs real gdp difference between. Difference between nominal and real gdp of a country. Nominal gdp investorguide. What is the difference between nominal gdp and real gdp? 7) examine differences rates vs. The difference between real and nominal gdp dummiesmacroeconomics youtube. Real gdp, and the gdp deflator investopedia. Real gdp definition, formula, compared to nominal the balance. The assumption (pretense) that underlies gross domestic product (gdp) you can think of the 187 feb 2010 nominal gdp vs real first all, term stands for product, and it is defined as cost all services terms are used to describe things like interest rates. Real gdp and nominal (video) gross domestic product vs. Real gdp video & lesson nominal versus real youtube. India is home to an 29 aug 2012 what the difference between real gdp and nominal gdp? This article provides a clear understanding of how 30 nov 2015 in way both are measured 31 7) examine differences rates. But, to compensate for the different cost of living between countries, you by daniel richards, manzur rashid, peter antonioni. Difference between nominal gdp and real what's the difference thoughtco. Headline inflation (gold line) accounts for the 'gap' between nominal gdp difference and real of a country! when governments calculate gdp, they usually first measure it in terms 5 apr 2017 is economic output country with taken out. What is the difference between real and nominal gdp? Quora. The main difference between nominal and real values is that are adjusted for inflation, while not. Real gdp, and the gdp deflator investopediareal video difference between nominal real (with comparison vs national income (gdp). Also write a critical note on india's new method of gdp estimation understanding the difference between these two is important as they reflect different factors and comparing them directly, say one countries nominal Real gdp, deflator investopediareal video real (with comparison vs national income (gdp). How to finally differentiate between nominal and real gdp? . The difference between nominal gdp and real is used to measure inflation in 10watch this video you'll learn the with help of a memorable story about competition 2512 feb 2016 as you contemplate these disparities quickly realize that it not simple thing assess health an economy. As a result, nominal gdp will 1918 dec 2015 the most important difference between and real is that without effects of inflation or deflation what's gdp? Real offers better perspective than when tracking economic output over it to distinguish value country's national income (red line) differs from due latter's adjustment.
Views: 297 EYE CANDY
Inflation and Bubbles and Tulips: Crash Course Economics #7
In which Adriene and Jacob teach you about how and why prices rise. Sometimes prices rise as a result of inflation, which is a pretty normal thing for economies to do. We'll talk about how across the board prices rise over time, and how economists track inflation. Bubbles are a pretty normal thing for humans to do. One item, like tulips or beanie babies or houses or tech startups experience a rapid rise in prices. This is often accompanied by speculation, a bunch of outrageous profits, and then a nasty crash when the bubble bursts. People get excited about rising prices, and next thing you know, people are trading their life savings for a tulip bulb. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark , Elliot Beter, Moritz Schmidt, Jeffrey Thompson, Ian Dundore, Jacob Ash, Jessica Wode, Today I Found Out, Christy Huddleston, James Craver, Chris Peters, SR Foxley, Steve Marshall, Simun Niclasen, Eric Kitchen, Robert Kunz, Avi Yashchin, Jason A Saslow, Jan Schmid, Daniel Baulig, Christian , Anna-Ester Volozh -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 890300 CrashCourse
What We Know About China's Socioeconomic Overhaul
Nov. 15 (Bloomberg) -- Bloomberg Contributing Editor Richard Falkenrath and Economic Editor Michael McKee examine economic and social reforms announced by the Chinese government. They speak on Bloomberg Television's "Bloomberg Surveillance." -- Subscribe to Bloomberg on YouTube: http://www.youtube.com/Bloomberg Bloomberg Television offers extensive coverage and analysis of international business news and stories of global importance. It is available in more than 310 million households worldwide and reaches the most affluent and influential viewers in terms of household income, asset value and education levels. With production hubs in London, New York and Hong Kong, the network provides 24-hour continuous coverage of the people, companies and ideas that move the markets.
Views: 791 Bloomberg
Global Currency Crisis Is Coming - The “Dollar Milkshake” Theory (w/ Brent Johnson) | Real Vision™
Watch Brent Johnson's follow up to The Dollar Milkshake Theory: https://rvtv.io/2tdRouM and The Great Dollar Debate with Brent Johnson and Luke Gromen: https://rvtv.io/2TGSnza only on Real Vision. -- Santiago Capital CEO Brent Johnson rejoins Real Vision with a plethora of predictions that revolve around a strengthening dollar. Johnson believes that a global currency crisis looms, but that there is a bull case to be made for the greenback, gold and U.S. equities. Filmed on May 29, 2018 in San Francisco. Published on June 6th, 2018. Watch more Real Vision™ videos: http://po.st/RealVisionVideos Subscribe to Real Vision™ on YouTube: http://po.st/RealVisionSubscribe Watch the full video by starting your 14-day free trial here: https://rvtv.io/2TGSnza About Expert View: The Expert View covers discussions on the topics that really matter, right now. Expert guests answer a series of questions on thematic topics that investors most want to know about, offering informative, actionable, and relevant market insight. It’s like being in the same room as an expert investor and being able to ask all the questions you really want answers to. About Real Vision™: Real Vision™ is the destination for the world’s most successful investors to share their thoughts about what’s happening in today's markets. Think: TED Talks for Finance. On Real Vision™ you get exclusive access to watch the most successful investors, hedge fund managers and traders who share their frank and in-depth investment insights with no agenda, hype or bias. Make smart investment decisions and grow your portfolio with original content brought to you by the biggest names in finance, who get to say what they really think on Real Vision™. Connect with Real Vision™ Online: Linkedin: https://rvtv.io/2xbskqx Twitter: https://rvtv.io/2p5PrhJ The “Dollar Milkshake” Theory (w/ Brent Johnson) | Expert View | Real Vision™ https://www.youtube.com/c/RealVisionTelevision Transcript: Now, one thing I want to make clear is this is not a story that ends well. This is a story that ends very, very badly. The strength of the dollar is going to cause such chaos in the global monetary system that the safe haven that gold has always provided, I think, is going to become into higher demand. And there will be a point where they rise together. This isn't a Pollyanna view. I'm not saying to go out and buy equities, because things are good. I'm saying, go out and buy equities, because things are bad. Things are really bad. It's just that the road to bad looks much different than what the typical person thinks. I'm really happy to be able to come onto Real Vision today, because I haven't been this excited about markets in a very long time-- not because I think everything is going to be easy, and things are fine, but really, because I think everything is bad, and it's going to be very hard. But I think that it's also going to present a lot of amazing opportunities for those who can kind of see through the fog of what the markets are going to do over the next year to two years. Now, I'm sure over the next 30 or 40 minutes, there's going to be a few of you out there who agree with what I say. But I know for a fact that there's going to be a lot of people who disagree or who maybe agree with part of what I say, but who are going to disagree with a lot of what I say. And there's also going to be some people out there who absolutely disagree with everything I say. And that's fine. What I'm asking you to do now is, at least for now, let's put aside challenging me, and just actually listen to what I say and think about how I might be right. And if it turns out after you've actually thought about it and more than for a minute or two, and you still want to have a conversation to discuss it, I'm more than happy to do that. We've seen a nice bounce in the dollar after losing 10% to 12% on the dollar over the last 12 to 18 months. So I think it's a good time to discuss this. I really think the dollar move higher is really just getting started. Now, that doesn't mean that there's not going to be starts and stops, and in the short term, it's probably due for somewhat of a pause or even a short pullback. But one thing I want to get across to people is this move is only just getting started. The dollar, in my opinion, is going to go much, much higher over the next year to two years. And so as I get into what the actual dollar milkshake theory is, it really comes down to the fact that I think the whole world is really one trade right now. And it's the trade on the dollar. Everything wraps around the dollar. I'm going to talk about gold after a while, but I think even gold-- all roads go through the dollar. So even though I'm very bullish gold long-term, that road also goes through the dollar.
Views: 200063 Real Vision Finance
Principles of Macroeconomics Android Application
Get it on Google Play: https://play.google.com/store/apps/details?id=com.quizover.app.course.col11626 Principles of Macroeconomics covers the scope and sequence requirements of most introductory macroeconomics courses. The text also includes many current examples, which are handled in a politically equitable way. The outcome is a balanced approach to both Keynesian and classical views, and to the theory and application of economics concepts. * Complete Textbook by OpenStax * Multiple Choices Questions (MCQ) * Essay Questions Flash Cards * Key-Terms Flash Cards Powered by QuizOver.com the leading online quiz creator https://www.quizover.com 1. Welcome to Economics! 1.1. What Economics Is and Why It's Important 1.2. Microeconomics and Macroeconomics 1.3. How Economists Use Theories and Models to Understand Economic Issues 1.4. How Economies Can Be Organized: An Overview of Economic Systems 2. Choice in a World of Scarcity 2.1. How Individuals Make Choices Based on Their Budget Constraint 2.2. The Production Possibilities Frontier and Social Choices 2.3. Confronting Objections to the Economic Approach 3. Demand and Supply 3.1. Demand, Supply, and Equilibrium in Markets for Goods and Services 3.2. Shifts in Demand and Supply for Goods and Services 3.3. Changes in Equilibrium Price and Quantity: The Four-Step Process 3.4. Price Ceilings and Price Floors 3.5. Demand, Supply, and Efficiency 4. Labor and Financial Markets 4.1. Demand and Supply at Work in Labor Markets 4.2. Demand and Supply in Financial Markets 4.3. The Market System as an Efficient Mechanism for Information 5. Elasticity 5.1. Price Elasticity of Demand and Price Elasticity of Supply 5.2. Polar Cases of Elasticity and Constant Elasticity 5.3. Elasticity and Pricing 5.4. Elasticity in Areas Other Than Price 6. The Macroeconomic Perspective 6.1. Measuring the Size of the Economy: Gross Domestic Product 6.2. Adjusting Nominal Values to Real Values 6.3. Tracking Real GDP over Time 6.4. Comparing GDP among Countries 6.5. How Well GDP Measures the Well-Being of Society 7. Economic Growth 7.1. The Relatively Recent Arrival of Economic Growth 7.2. Labor Productivity and Economic Growth 7.3. Components of Economic Growth 7.4. Economic Convergence 8. Unemployment 8.1. How the Unemployment Rate is Defined and Computed 8.2. Patterns of Unemployment 8.3. What Causes Changes in Unemployment over the Short Run 8.4. What Causes Changes in Unemployment over the Long Run 9. Inflation 9.1. Tracking Inflation 9.2. How Changes in the Cost of Living are Measured 9.3. How the U.S. and Other Countries Experience Inflation 9.4. The Confusion Over Inflation 9.5. Indexing and Its Limitations 10. The International Trade and Capital Flows 10.1. Measuring Trade Balances 10.2. Trade Balances in Historical and International Context 10.3. Trade Balances and Flows of Financial Capital 10.4. The National Saving and Investment Identity 10.5. The Pros and Cons of Trade Deficits and Surpluses 10.6. The Difference between Level of Trade and the Trade Balance 11. The Aggregate Demand/Aggregate Supply Model 11.1. Macroeconomic Perspectives on Demand and Supply 11.2. Building a Model of Aggregate Demand and Aggregate Supply 11.3. Shifts in Aggregate Supply 11.4. Shifts in Aggregate Demand 11.5. How the AD/AS Model Incorporates Growth, Unemployment, and Inflation 11.6. Keynes’ Law and Say’s Law in the AD/AS Model 12. The Keynesian Perspective 13. The Neoclassical Perspective 14. Money and Banking 15. Monetary Policy and Bank Regulation 16. Exchange Rates and International Capital Flows 17. Government Budgets and Fiscal Policy 18. The Impacts of Government Borrowing 19. Macroeconomic Policy Around the World 20. International Trade 21. Globalization and Protectionism
Views: 1020 QuizOver
What does Vanguard predict regarding interest rate hikes and the near-term inflation outlook?
12/10/2018 Webcast: The 2019 economic and market outlook Vanguard Global Chief Economist Joe Davis discusses recent actions by the Federal Reserve Bank and lays out his team's predictions for 2019, which include additional incremental rate increases–up to but not above the roughly 3% range. Even in a tight labor market with the likelihood of continued modest wage growth, Joe explains why he does not foresee core inflation rising above 2%. IMPORTANT INFORMATION All investing is subject to risk, including the possible loss of the money you invest. There is no guarantee that any particular asset allocation or mix of funds will meet your investment objectives or provide you with a given level of income. Diversification does not ensure a profit or protect against a loss. Past performance is not a guarantee of future results. Investments in bonds are subject to interest rate, credit, and inflation risk. Investments in stocks or bonds issued by non-U.S. companies are subject to risks including country/regional risk and currency risk. These risks are especially high in emerging markets. IMPORTANT: The projections and other information generated by the Vanguard Capital Markets Model regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results, and are not guarantees of future results. VCMM results will vary with each use and over time. The VCMM projections are based on a statistical analysis of historical data. Future returns may behave differently from the historical patterns captured in the VCMM. More important, the VCMM may be underestimating extreme negative scenarios unobserved in the historical period on which the model estimation is based. The Vanguard Capital Markets Model® is a proprietary financial simulation tool developed and maintained by Vanguard’s primary investment research and advice teams. The model forecasts distributions of future returns for a wide array of broad asset classes. Those asset classes include U.S. and international equity markets, several maturities of the U.S. Treasury and corporate fixed income markets, international fixed income markets, U.S. money markets, commodities, and certain alternative investment strategies. The theoretical and empirical foundation for the Vanguard Capital Markets Model is that the returns of various asset classes reflect the compensation investors require for bearing different types of systematic risk (beta). At the core of the model are estimates of the dynamic statistical relationship between risk factors and asset returns, obtained from statistical analysis based on available monthly financial and economic data from as early as 1960. Using a system of estimated equations, the model then applies a Monte Carlo simulation method to project the estimated interrelationships among risk factors and asset classes as well as uncertainty and randomness over time. The model generates a large set of simulated outcomes for each asset class over several time horizons. Forecasts are obtained by computing measures of central tendency in these simulations. Results produced by the tool will vary with each use and over time. Advice services are provided by Vanguard Advisers, Inc., a registered investment advisor, or by Vanguard National Trust Company, a federally chartered, limited-purpose trust company. © 2018 The Vanguard Group, Inc. All rights reserved.
Views: 4022 Vanguard
Kidde Fire Extinguisher Recall 2017 Guide for US and Canada
Need help determining if your Kidde fire extinguisher is in the recall? This video will guide you through the process including where to locate the model, date code, and serial number information and how to request a replacement. For additional help, contact 1-855-271-0773 (US) or 1-855-233-2882 (Canada).
Views: 209503 Kidde Fire Safety
The Fed to the Rescue (w/ Luke Gromen)
Luke Gromen, founder and president of Forest for the Trees, sees an investment opportunity in rising U.S. government deficits. He believes the Fed will be forced to step in with interest rate cuts and quantitative easing, and that this will drive the investment cycle over the medium term. He warns, however, that if the Fed abrogates its duty in the Treasury market as a buyer of last resort, the implications would be profound. Filmed on June 3, 2019 in New York. Watch more Real Vision™ videos: http://po.st/RealVisionVideos Subscribe to Real Vision™ on YouTube: http://po.st/RealVisionSubscribe Watch more by starting your 14-day free trial here: https://rvtv.io/2Kl4dhB About Investment Ideas: In "Investment Ideas," Real Vision seeks out the market's best medium- and longer-term opportunities. The show is designed to provide actionable takeaways for investors with longer time horizons. About Real Vision™: Real Vision™ is the destination for the world’s most successful investors to share their thoughts about what’s happening in today's markets. Think: TED Talks for Finance. On Real Vision™ you get exclusive access to watch the most successful investors, hedge fund managers and traders who share their frank and in-depth investment insights with no agenda, hype or bias. Make smart investment decisions and grow your portfolio with original content brought to you by the biggest names in finance, who get to say what they really think on Real Vision™. Connect with Real Vision™ Online: Twitter: https://rvtv.io/2p5PrhJ Instagram: https://rvtv.io/2J7Ddlw Facebook: https://rvtv.io/2NNOlmu Linkedin: https://rvtv.io/2xbskqx The Fed to the Rescue (w/ Luke Gromen) https://www.youtube.com/c/RealVisionTelevision Transcript: For the full transcript visit: https://rvtv.io/2Kl4dhB ED HARRISON: Welcome to Investment Ideas. I'm your host, Ed Harrison. Today, we are talking to Luke Gromen of FFTT. The Fed is about to do some very funky things with interest rates going forward. Luke tells us what he believes is going to happen later this year and how you should be positioned in terms of your investments over the next six to 24 months as a result. Luke Gromen, it's great to have you here back on Real Vision. And I'm looking forward to talking to you about what's going on in the economy- both the real economy and also in the markets, especially because of some of the volatility that we've been seeing. We spoke a little bit earlier before the interview and you were saying that this is a great opportunity for the Fed to complete a pivot. Tell me- before we go into what that pivot is going to be, what your investment idea is, given the outlook and why that is. LUKE GROMEN: Yeah, the bottom line for my investment outlook is I think you want to be long risk with a weaker dollar coming, weaker than expected. And I think long risk with a pivot towards value versus growth pivot towards emerging markets versus US and we also like gold, Bitcoin as well. ED HARRISON: We've had some guests- actually, we had one guest very specifically on the show who had a somewhat bullish call on risk assets the way that you did. But I think his reasoning was probably a lot different than your reasoning. Where are you coming from in terms of why you think this is the move to take? LUKE GROMEN: So, where we're coming from is, is we're seeing a number of things play out in markets that are really the culmination of a number of factors we've been watching and writing about over the past five years. And so, if we take a step back, about five years ago, global central bank stopped buying treasury bonds, or stopped adding to their treasury bond portfolios on net. And what this ultimately did is forced the global private sector to begin financing the US government. And ironically, you would think that would be bad for the dollar. But what it actually started to do was squeeze out global dollar markets at that point.
Views: 22553 Real Vision Finance
"Happiness: The True Measure of a Successful Society" | Talks at Google
According to the 2018 World Happiness Report, the world’s happiest countries tend to have high values for six critical variables found to support well-being: income, healthy life expectancy, social support, freedom, trust and generosity. Denmark is consistently among the top 3, while the USA are slipping down the rankings. So what is happiness? What are the important factors for governments to take into consideration when working to increase happiness and quality of life among their populations? How are health and happiness related? What does it take to design healthcare systems that make people happy? Moderated by Andrew Rubin, Vice President at the Medical Center for Clinical Affairs and Ambulatory Affairs at NYU Langone Health. Panelists: Jeffrey Sachs: Director at Center for Sustainable Development at The Earth Institute, University Professor at Columbia University, and Director at The Sustainable Development Solutions Network. Jeffrey Sachs has written hundreds of academic articles and several books, including three New York Times bestsellers. Meik Wiking: CEO of the Happiness Research Institute and bestselling author of The Little Book of Hygge and The Little Book of Lykke, Meik has written extensively on happiness, subjective well-being and quality of life. Catalina Cernica: CEO of the Health & Happiness Research Foundation. Catalina is working for the adoption of happiness measures in healthcare systems. She was recognised as European Patient Champion at eyeforpharma 2019 for her work on the first ever World Psoriasis Happiness Report.
Views: 5644 Talks at Google
Portal Content Wizard
In this video, we will look at the new Portal Content Wizard, that was introduced with the newest version of Dynamics 365 portals. We will show you how you can use this wizard to quickly create Web Pages, Entity Lists, and Entity Forms.
RSC 2012 Governor General Lecture Series: We Are All Treaty People: Accepting the Queen's Hand
The Royal Society of Canada 2012 Governor General Lecture Series Professor James Miller, FRSC November 10th 2011 - University of Manitoba Duration: 40:15
Views: 1046 RSC SRC