28:01
Growth and development
This program looks at how growth in the standard of living occurs and what government policy can do to affect this process. Among the concepts explained in the program is how growth policy differs from stabilization policy.
37:32
Pitfalls in stabilization policy
This program discusses monetary and fiscal policy for a large economy. Some key topics are the crowding-out effect, the short-run trade-off between inflation and unemployment, and how stabilization policies with long lags can affect business cycles.