MasterClass

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  • MasterClass
  • Documentary

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44x1
Introduction
Episode overview
Meet 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.
44x2
What Is Economics?
Episode overview
Paul believes that at its heart, economics is about people—how they earn a living and how they spend their income.
44x3
Two Fundamental Principles of Economics
Episode overview
First—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.
44x4
Major Developments in Economic Thought
Episode overview
Paul 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.
44x5
Understanding Macroeconomics: The Fed and IS-LM (Wonkish)
Episode overview
Learn how the Federal Reserve works to keep the economy healthy, and about the theoretical framework it uses to inform its decisions.
44x6
How ‘08 Happened
Episode overview
Learn 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.
44x7
The Economic Theory of Crises
Episode overview
Learn how these concepts played out in Japan's 1998 crash and the 2008 recession in the US.
44x8
Economic Solutions to Crises
Episode overview
Paul details monetary solutions vs. fiscal solutions, how to rethink deficit spending, and what to do to brace for the next crisis.
44x9
Inequality: The Growing Gap
Episode overview
The 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.
44x10
Inequality: Our Divided Society
Episode overview
Learn the social and cultural costs of our inequality, and ways to advocate for a more equal society.
44x11
Understanding Taxes
Episode overview
Paul 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.
44x12
The Economics of Technological Progress
Episode overview
Learn the impact of technological expansion on the job market, the economy as a whole, and on the individual citizen.
44x13
Health Care: The Problems
Episode overview
Health care is central to American lives and the American economy. Paul breaks down the economics of the private health care market and explains two “market killers” in our current system.
44x14
Health Care: The Solutions
Episode overview
Using examples from health care systems in the UK, Canada, and Switzerland, Paul examines three approaches to universal healthcare, noting the positives and challenges of each.
44x15
Theories of Trade (Wonkish)
Episode overview
Through a discussion of his Nobel Prize-winning idea, the New Trade Theory, Paul explains the history and continued impact of trade on the economy.
44x16
Understanding the Hyperglobalized World
Episode overview
Globalization has forever changed the way we communicate and do business. Paul discusses the transformative technologies that led to efficient global trade and the impact of those developments on our country’s economy.
44x17
China: The Disruptive Miracle
Episode overview
Paul explains China’s rapid economic growth and details how the influx of their exported goods impact economies and rules of trade worldwide.
44x18
Economic Geography
Episode overview
Through the example of Silicon Valley, Paul illustrates how economics can even control the geographic movement of people.
44x19
Reading Economics
Episode overview
Paul teaches you how to read and interpret developing economic issues in order to stay informed. Learn his personal tools and techniques for spotting critical, accurate information in breaking news.
44x20
Seeing the World Like an Economist
Episode overview
For Paul, being an economist requires thinking critically and learning from others. Learn his critical thinking methodology, like how to look for natural experiments, think past your own bias, and use the information at your fingertips.
44x21
Writing Economics
Episode overview
Using his column “Myths of Austerity,” Paul demonstrates how he uses language, current events, and more to break down a complex topic while keeping the reader informed and engaged.
44x22
Closing
Episode overview
Paul ends his class with parting advice for aspiring activists and policy makers, or those who wish to become more informed citizens: remember to stay aware, to read, to listen, and to remain an active participant in society.

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