Business Cycles Lecture 1 - Macroeconomics Interest and Capital
InvestorEducation / Business Cycles May 13, 2007 - 10:21 PM GMT
The following video is first in a series on the Boom Bust Cycles by Dr. Krassimir Petrov of The American University in Bulgaria.
Video Served by Google.com - Length 1hr 2mins
The basic conclusion is that stimulating consumption does not necessarily result in production of capital goods and overall economic growth, and infact stimulating consumption can detere production of capital goods and thus result in a recession.
Krassimir Petrov ( Krassimir_Petrov@hotmail.com ) has received his Ph. D. in economics from the Ohio State University and currently teaches Macroeconomics, International Finance, and Econometrics at the American University in Bulgaria. He is looking for a career in Dubai or the U. A. E.
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