Banking 101 is a series of 6 short videos that ask the following questions: How do banks work and how is money created? Is reveals common misunderstandings of money creation and the role of banks. Furthermore, the videos show how models taught in many introductory classes to economics (Econ 101) do not reflect those processes: Part 1) “Misconceptions around Banking” questions common comprehensions of how banks work (savings = investments). Part 2) “What's wrong with the money multiplier” states that the model of the money multiplies is inaccurate. Part 3) “How is money really made by banks” explains the process of money creation, loans and inter-bank settlement. Part 4) “How much money banks create?” asks what limits the money creation by banks and presents the difference between reserve ratio, liquidity ration, equity and refers to the inter-bank market. Part 5) Explores the question if banks create money or just credit and especially refers to credit risks. Part 6) Explains how money gets destroyed when loans are paid back. Note: The videos refer to the UK monetary and banking system, some explanations don't apply to other banking systems, e.g. the reserve ratio. 2012 Level: leicht How is money really made by banks? - Banking 101 (Part 3 of 6)   Positive Money In this radio interview, Philip Mirowski, author of the book "Never Let a Serious Crisis Go to Waste" presents several differences between neoclassical economics and neoliberalism. Apart from a historical outline, Mirowski primarily discusses different perceptions of markets and the role of the state. Mirowski further reflects on the role think tanks ("part of the "neoliberal thought collective") and the entrepreneurial self (the "neoliberal agent") in the spreading and fostering of the neoliberalism. 2015 Level: leicht How Neoliberalism Survived the Financial Meltdown Philip Mirowski The Majority Report with Sam Seder In this lecture, Konstantinos Katsikopoulos presents the concept of bounded rationality and contrasts two - as he calls it - cultures of research and analysis within Behavioral Economics: an "idealistic" and a "pragmatic" approach. Thereby, Katsikopoulos discusses amongst others their different assumptions on decision making (utility optimization vs. achievement of a satisfactory outcome), the psychological process as well as the epistemic aim and implications on policy recommendations (nudging vs. education). 2014 Level: leicht Bounded Rationality: The Two Cultures Konstantinos Katsikopoulos Netzwerk Plurale Ökonomik Was heißt Pluralität und warum soll Wissenschaft oder die Ökonomie plural sein? Mit diesen Fragen befasst sich Arne Heise im Vortrag „Wissenschaftstheorie und Pluralität in der Wirtschaftswissenschaft“. Dabei kontrastiert er die Auffassung von Pluralität und Paradigmen unterschiedlicher Denker, u.a. von Kuhn und Lakatos. Zudem unterscheidet er Pluralität von Variation, welche Pluralität innerhalb eines Paradigmas bedeuten würde. Die Argumentation erläutert er mit vielen Beispielen, u.a. welche ökonomischen Paradigmen er als plural und welche als Variation betrachtet. Im Anschluss präsentiert Heise eine Struktur zur Aufteilung von Forschungsprogrammen (Vergleich von Kernannahmen, Methoden und Heuristiken). Zuletzt geht Heise auf die paradigmatische Entwicklung der Wirtschaftswissenschaft ein, insbesondere auf die De-Pluralisierung der VWL seit den 1970er Jahren, was er anhand von Lehrstuhl Besetzungen ausführt. Der Vortrag bietet eine gut Möglichkeit, die Überlegungen hinter der Struktur von Exploring Economics nachzuverfolgen. 2015 Level: leicht Wissenschaftstheorie Arne Heise Netzwerk Plurale Ökonomik "Why information grows" by Cesar Hidalgo and the atlas of economic complexity. César visits the RSA to present a new view of the relationship between the individual and collective knowledge, linking information theory, economics and biology... 2015 Level: mittel Why information grows and the atlas of economic complexity. César Hidalgo The RSA In this talk, Eric Beinhocker outlines his ideas of how to ensure a just and sustainable future for Humanity: This includes his interesting Russian Doll approach to unpacking 20th-century economics and proposals of new theories to underpin a new economic system. 2019 Level: leicht Economic Transition in the Anthropocene Eric Beinhocker University of California In this blog article Steve Keen elaborates on flawed climate change modelling and mainstream economics forecasts. In specific, he stresses the climate change forecasts of the DICE model (“Dynamic Integrated model of Climate and the Economy”) by Nobel Memorial Prize in Economic Sciences winner William Nordhaus. 2019 Level: mittel The Cost of Climate Change Steve Keen Evonomics Currency hierarchy and policy space: A research agenda for development economics Barbara Fritz 2017 Level: mittel Currency hierarchy and policy space Barbara Fritz FMM Hamilton argues that economics lacks the political economy context in order to understand racism, and demonstrates how racism is embedded in the political economy of America. 2020 Level: leicht How America’s Economy Runs on Racism Lynn Parramore Institute for New Economic Thinking In this webinar for the Princeton Bendheim Center for Finance, Nobel Prize winner William Nordhaus explains the main problems regarding the economics of a low-carbon energy transition. 2020 Level: leicht Climate Compacts to Combat Free Riding in International Climate Agreements William Nordhaus Princeton Bendheim Center for Finance The Trialogue is a podcast about combining historic ideas of the high-culture of the Inca and modern problems. The three authors each put their own perspectives of the topic and show insights into their actual view of economics. 2020 Level: leicht Trialogue Of Taking Socialistic Hints From The Inca For A Better Modern Society Zaire Arradaza ( PUP, Philippines) Christian Brückner ( EHD, Germany) Giovanni Villavicencio (CIDE, Mexico) - This teaching pack focuses on the practice and real-world activities of central banks. It assumes students have a grasp of basic macroeconomic concepts already, and is therefore most suitable to be used at the end of introductory macro courses, or in more advanced macro or monetary economics courses. 2022 Level: leicht The Practice of Central Banking   Economy Studies Explore the pressing topic of globalisation and how it affects economics, politics and society with this online course. Level: leicht International Affairs: Globalisation Richard Baldwin Graduate Institute of International and Development Studies Geneva This course seeks to interpret capitalism using ideas from biological evolution. The lectures are foundational on neoclassical economics and economist, as well as their roles in the proliferation of capitalist ideology. However, it is less concerned with the ultimate judgment of capitalism than with the ways it can be shaped to fit more specific objectives. Level: mittel Capitalism: Success, Crisis, and Reform Prof. Douglas W. Rae Yale University Part I: Basic Economic Problems Is Economics a Science? Is It Useful? (Lawrence Boland, Ian Parker) Is There Such a Thing as a Free Market? (William Watson, Robert Prasch) Part II: Consumers and Firms Is Homo Economicus an Appropriate Representation of Real-World Consumers? (Joseph Persky, Morris Altman) Is the Consumer Sovereign? 2010 Level: mittel Introducing Microeconomic Analysis Hassan Bougrine, Mario Seccareccia, Ian C. Parker Emond Montgomery Publications Das Lehrbuch "An Introduction to Ecological Economics" von Robert Costanza, John Cumberland, Herman Daly, Robert Goodland and Richard Norgaard ist ein Meilenstein im Hinblick auf eine verständliche Darstellung der Integration von Ökologie und Ökonomie zur neuen Disziplin der Ökologischen Ökonomik. 2001 Level: mittel Einführung in die Ökologische Ökonomik Thiemo W. Eser (Hrsg.), Costanza, Robert ; Cumberland, John H. ; Daly, Herman E. ; Goodland, Robert J. A. ; Norgaard, Richard B. Lucius und Lucius Hunt (economics, U. of Utah) provides a concise history of the rise and triumph of capitalism, centering mainly on England until 1800 and the U.S. since 1800. He traces the evolution of some of the most significant institutions of capitalism, analyzes the recurring ideological defenses and the radical critiques of capitalism, and examines intellectual developments which were occurring at the same time. 2003 Level: mittel Property and Prophets E. K. Hunt M.E. Sharpe Understanding Capitalism: Competition, Command, and Change is an introduction to economics that explains how capitalism works, why it sometimes fails, and how it undergoes and brings about change. It discusses both the conventional economic model and the role of power in economic interactions. 2017 Level: leicht Understanding Capitalism Samuel Bowles, Frank Roosevelt, Richard Edwards, and Mehrene Larudee Oxford University Press For intermediate courses in economics. A Unified View of the Latest Macroeconomic Events Macroeconomics, Blanchard presents a unified, global view of macroeconomics, enabling readers to see the connections between goods, financial markets, and labor markets worldwide. 2017 Level: mittel Macroeconomics Olivier J. Blanchard, David R. Johnson Pearson The Economics and Geopolitics of Russia Selling Yuan and Gold Reserves It is important for students to understand the workings of international and public finance and that the goal of governments and politicians is not always economic efficiency when making financial decisions. Normative goals other than efficiency can motivate economic decisions. A good economist is able to recognise, clearly name and take into account the values and goals behind economic behaviour, when making sense of the world. 2023 Level: leicht Russia sells foreign reserves   Economy Studies This reports presents empirical findings of research conducted by Michelle Holder, assistant professor of economics at John Jay College, City University of New York, with regard to the impact of what she terms a "double gap"- gender wage gap and ethnic minority wage gap - on the U.S. labour market. 2020 Level: mittel The "Double Gap" and the Bottom Line: African American Women’s Wage Gap and Corporate Profits Michelle Holder Roosevelt Institute Lean Logic is the late David Fleming’s masterpiece, the product of more than thirty years’ work and a testament to the creative brilliance of one of Britain’s most important intellectuals. A dictionary unlike any other, it leads readers through Fleming’s stimulating exploration of fields as diverse as culture, history, science, art, logic, ethics, myth, economics, and anthropology, being made up of four hundred and four engaging essay-entries covering topics such as Boredom, Community, Debt, Growth, Harmless Lunatics, Land, Lean Thinking, Nanotechnology, Play, Religion, Spirit, Trust, and Utopia. The threads running through every entry are Fleming’s deft and original analysis of how our present market-based economy is destroying the very foundations—ecological, economic, and cultural— on which it depends, and his core focus: a compelling, grounded vision for a cohesive society that might weather the consequences 2020 Level: leicht Lean Logic: A Dictionary for the Future and How to Survive It the late Dr. David Fleming LeanLogic.online Professor David Harvey presents a complete visual representation of the flow of capital in all its forms. Similar to the Water Cycle diagrams, Harvey models the economics of production, consumption, human reproduction, labor, private business, and government redistribution. 2017 Level: mittel Visualizing Capital David Harvey School of Geography and the Environment The 2007-2010 economic crisis has profoundly shaken the foundations of mainstream financial economics. The apparent falsification of core concepts such as risk diversification, informational efficiency and valuation efficiency by an unexpected course of events has revealed the need to redefine the objectives and direction of research today. 2010 Level: mittel After the Crisis Thomas Lagoarde-Segot Nova Science Publishers, Incorporated In the course Sociology and Socialism, students engage with classical theories of socialism as well as their applications in a variety of historical and international contexts. Staunchly interdisciplinary, the course utilizes expertise in philosophy, history, economics, sociology, anthropology and political theory. 2020 Level: leicht Socialism and Sociology Collaborative attempt by Andrew Arato and other Faculty members of the New School for Social Research New School for Social Research In most economics classes we focus on the production and consumption of goods and services, but what happens to the product and its packaging after it’s consumed? Waste disposal is a crucial step in the production process and as the theme of this month’s World Environment Day is #BeatPlasticPollution, we use the example of plastic bottles. 2023 Level: leicht Production and Waste: Plastic Pollution – Economy Studies Economy Studies Economy Studies Game theory is the standard quantitative tool for analyzing the interactions of multiple decision makers. Its applications extend to economics, biology, engineering and even cyber security. Level: mittel Game Theory I - Static Games Justin Grana Santa Fe Institute The first book to bring together the key writings and speeches of civil rights activist Sadie Tanner Mossell Alexander--the first Black American economist In 1921, Sadie Tanner Mossell Alexander became the first Black American to gain a Ph.D. degree in economics. Unable to find employment as an economist because of discrimination, Alexander became a lawyer so that she could press for equal rights for African Americans. 2021 Level: mittel Democracy, Race, and Justice Sadie T. M. Alexander Yale University Press The gender pay gap is a pressing issue that affects individuals and society as a whole, so it is important for economics students to understand it. Despite recent progress, women still earn less than men for the same jobs, leading to economic inequalities and reduced efficiency (see, for example, the recent report released by Moody’s). Understanding the causes and consequences of the gender pay gap is critical in developing policies that promote fairness and equality. 2023 Level: leicht The Gender Pay Gap: Understanding the Economic and Social Causes and Consequences Economy Studies Economy Studies In this clear and accessible book, an eminent political scientist offers a jargon-free introduction to the market system for all readers, with or without a background in economics 2002 Level: mittel The Market System Charles Edward Lindblom Yale University Press Since their first emergence in the work of Paul David thirty years ago, the dual issues of Path Dependence and Lock-In have become critically important subjects in the fields of economics, sociology, and business strategy. 2014 Level: mittel Path Dependence and Lock-In Liebowitz, Stan J ; Margolis, Stephen E Edward Elgar Publishing Exploring Economics, an open-source e-learning platform, giving you the opportunity to discover & study a variety of economic theories, topics, and methods. 2020 Level: leicht Wie die Wende zu einem nachhaltigen Finanzsystem gelingen kann Claudia Kemfert Economists for Future