Ch 13 Macro: Savings, Investment & Financial System
Here's an introduction to macroeconomics. Course Textbook: Principles of Macroeconomics by N. Gregory Mankiw (10th Edition) This video highlights the distinctions between financial intermediaries and finance markets as subsets of financial institutions under the broad umbrella of finance systems. These all stem from savers versus borrowers and apply to stock/debt financing, banks, mutual funds, insurance, etc. But how does the savings & investment identity apply for both private individuals v/s public entities? I explain these using everyday examples, and its impact on demand and supply of loanable funds with interest rate as the determining price.
About N. Gregory Mankiw
Nicholas Gregory Mankiw ( MAN-kyoo; born February 3, 1958) is an American macroeconomist who is currently the Robert M. Beren Professor of Economics at Harvard University. Mankiw is best known in academia for his work on New Keynesian economics. Mankiw has written widely on economics and economic policy. As of February 2020, the RePEc overall ranking based on academic publications, citations, and related metrics put him as the 45th most influential economist in the world, out of nearly 50,000 re...
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