Introduction to Economic Policies: Goals, Performance, and Policy Tools

The video lecture provides an introduction to economic policies, explaining their role in influencing economic performance. It covers macroeconomic models, objectives, and the importance of defining terms like economic policy. The lecture discusses economic performance indicators such as inflation and unemployment, and the need for policy interventions. It explains different types of policies: fiscal, monetary, and supply-side, and their impact on economic growth. The lecture concludes with a summary of the key points discussed.

Describe the significance of the aggregate supply and aggregate demand analysis in economics.

How has the economic growth trend changed since the financial crisis of 2007-2008?

What does the lecture suggest about the balance of payments position?

What role does the central bank play in monetary policy?