Paul KrugmanTeaches Economics and Society, paul krugman masterclass download
Nobel Prize-winning economist Paul Krugman teaches you the economic theories that drive history, policy, and help explain the world around you.
Enroll today to get access to video lessons and an exclusive companion volume. Learn at your own pace on mobile or desktop.
Think like an economist
For Nobel Prize-winning economist Paul Krugman, economics is not a set of answers, it’s a way of understanding the world. In his MasterClass, Paul teaches you the economic principles that shape political and social issues—like access to health care, the tax debate, globalization, and political polarization. Heighten your ability to read between the lines and decipher the underlying economics at play.
01 IntroductionMeet your new instructor: Nobel Prize-winning economist Paul Krugman. Paul will cover many of the issues you see in the headlines everyday—and provide tools to help you make sense of it all.
02 What Is Economics?Paul believes that at its heart, economics is about people—how they earn a living and how they spend their income.
03 Two Fundamental Principles of EconomicsFirst—people respond to incentives. Second—each transaction has an equal give and take. Paul breaks down economic thinking into two main principles and teaches you the intricacies of each.
04 Major Developments in Economic ThoughtPaul walks you through the history of economic thought through the theories of Adam Smith and John Maynard Keynes to make an important point—you have to understand the past to improve the future.
05 Understanding Macroeconomics: The Fed and IS-LM (Wonkish)Learn how the Federal Reserve works to keep the economy healthy, and about the theoretical framework it uses to inform its decisions.
06 How ‘08 HappenedLearn about the market patterns and unregulated financial activities that led to our worst financial crisis since the Great Depression, and how to prepare yourself for the uncertain economic future.
07 The Economic Theory of CrisesLearn how these concepts played out in Japan’s 1998 crash and the 2008 recession in the US.
08 Economic Solutions to CrisesPaul details monetary solutions vs. fiscal solutions, how to rethink deficit spending, and what to do to brace for the next crisis.
09 Inequality: The Growing GapThe growing income gap poses a danger to the well-being of our economy. Learn the history of economic inequality, how race is always related, and the economic effects of growing up boomer vs. growing up millennial.
10 Inequality: Our Divided SocietyLearn the social and cultural costs of our inequality, and ways to advocate for a more equal society.
11 Understanding TaxesPaul explores the data behind “supply side” taxation, the potential impact of the 2017 tax cuts, and how the American tax plan affects each of us.