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The David McWilliams Podcast

Macroeconomics for a Globalized World

The David McWilliams Podcast

David McWilliams

News & Politics

4.6643 Ratings

🗓️ 2 April 2020

⏱️ 16 minutes

🧾️ Download transcript

Summary

Now that we all have more time on our hands, why not use this time to learn economics? I've devised a new macro economics course based largely on the course I teach in Trinity College Dublin. The audio course comes with detailed notes and reading lists. Here's the introduction free. Join me on Patreon.com/davidmcwilliams for weekly classes and let's master economics, together.

Join the gang! https://plus.acast.com/s/the-david-mcwilliams-podcast.


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Transcript

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0:00.0

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0:11.0

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0:21.3

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0:26.4

Find out more and get conditions at arlo.com.

0:34.2

The David McWilliams podcast course.

0:38.4

Macroeconomics in a globalised world.

0:43.4

Introduction.

0:45.4

Welcome to this economics course, which I hope you're going to enjoy.

0:51.2

Sometimes economics is regarded as technical and difficult and dull,

0:55.8

well we're going to try and make it a wee bit more interesting, more applicable.

0:59.6

And the whole point of doing economics is not necessarily to replicate what is done an undergraduate.

1:06.3

And in fact, one of the problems of the economics is that the world is full of economists

1:10.7

and very few of them

1:11.8

can forecast anything you might have noticed this country is exactly the same it's full of highbrow

1:17.5

economists and yet we had the biggest financial crash any countries any experience and the vast

1:23.5

majority of them didn't see anything wrong so the question question is then why is that? So if it's not

1:28.2

based in practicalities, if it's not based in evidential human behavior, why do we genuflect so

1:36.0

much to the undergraduate stuff? But what I would like at the end of all this, because economics

1:40.9

is really great crack. I've had a total laugh over nearly 30 years of doing economics. I

1:48.5

started in the central bank doing sums and equations and all that malarkey, which we thought was

1:53.7

important then. And then we realized it wasn't important at all. And then I went and I worked in an

1:58.4

investment bank for five years, Swiss bank, then I worked

...

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