Macroeconomics Lecture 1, Chapter 1, part 1 of 5

[j0hnb0wman]

um... um... um.... *wispers* gay video dude...

[Amvalson]

Great lecture but all I could hear was nothing but someone whispering in a language that I don't know.

[dongjinmoon]

ur too quiet,,, i can't hear u when i turned my volume to maximum

[alliant]

you don't know what philosophy is.

[nimerakko1]

whispering.

[acommon1]

Sound?

[doomownage94]

Ummm. You do get real theories from philosophies.

[cookieeatbird]

@doomownage94

Hello, thanks for the comment. I realize at this time. I wish I had the time to re-vise these videos (I see now why there are many editions to college books). I'll put an annotation up.

Take care,

Manni

[eaterofcandy]

These lectures are definitely for the first time learners. You went really slowly, which is nice for some but for those seeking a sort of back-up to taking the actual class itself at the same time, this maybe be a bit slow.

Overall, though, great lectures! For those complaining about volume: get a nice pair of ear/headphones or just turn up the volume.

[stillme4you]

I think your voice, while kind of quiet, is just fine. It is very relaxing and I actually enjoy listening to you,

[stillme4you]

What is that Sketching type MAC tool you use when talking about Opportynity Cost? I'd like to get it.

[miamimanni]

@stillme4you Hey, the tool is google sketchup. I love it. They have a wonderful free version which is what you see in the video.

[nbm34]

CAPITALIST ECONOMICS OR THE MONETARY SYSTEM, IS NOT A SCIENCE. They are cultural institutions evolved over thousands of years in the means of production. It operates on profit and growth paradigms, and on this basis ignores THE REAL SCIENTIFIC FACTS, of resource scarcity and monopolies, and destruction of human and animal enviroments etc, in which human life depends for its basic needs. 82 MILLION people to-day, condemned to die. THESE FAILURES, are now terminal. THE SYSTEM a historic

disease.

[WeThePeopleRleaders]

OMG WAY TOO QUIET.

[ellasrules]

talk louder fukwit lol

[NaughtyBwoi]

i hope you die. ur teaching sucks

[ellasrules]

@NaughtyBwoi

HAHAHHAAHAH

[sabrocks881]

@NaughtyBwoi

thats fucked up! you don't have to listen to this! Hoping someone dies if you can't hear them speak is stupid. People like you should Die!

[TheFlipdoggydog]

have you done a lecture on the "Real Business Cycle" or the "Rational Expectations Model"?

[miamimanni]

@TheFlipdoggydog

Hello,

I remember doing rational expressions in class, it has been over a year sorry =/. I don't think I did a lecture on it..

Take care,

Manni

[mintoo2cool]

dude it it would be a lot more comfortable for me to get that book than to try to hear and understand what you are whispering

[babyapple930]

I mainly need help on the math and graphs

[puresickdead]

Is this meant for isomniacs?

[cagelsthrough]

I can barely hear the person

[m32amir]

I agree, also if it smells bad in your room you can always turn on the light! :-)

[comeonman1234]

Painfully slow explanation of opportunity cost and Utility , could have summed this up in a few sentences. I recommend you up the productivity.

[cookieeatbird]

Thank you for your constructive criticism.

I'll keep this in mind when making future videos.

Do keep in mind that this was my first time trying this and it was 1 o clock in the morning.

[Steve458791]

All I could hear was a bunch of whispering.

[miamimanni]

Hey Steve.

Sorry about the quality. I'll probably do an audio swap.. One day lol. I just noticed the amount of views I'm getting on this video, I really need to improve the quality.

Thanks for stopping by,

Manni

[lowmonte1978]

yo am from miami as well i go to dade u should tutor me on this stuff lol

[miamimanni]

lol. I'd have to look at my own videos to review man. I forgot around 50% of this stuff myself.

[23580578]

nice very nice ,,,,,,very very nice

[GorgonLuvs8008135]

I don't think the Economist magazine is peer reviewed, the articles seem a little too little fluffy and popular for peer review. I read it for a long time but stopped after they missed the world economic collapse. (Audio available every month on TPB if your interested)

Economics is not a hard science, but I'm not sure what the difference is. I don't think that peer review is the problem. I think it has to do with repeatability of experiments.

[miamimanni]

True. If experiments were repeatable I don't think there would be any debate at all. And with repeatable experiments you would have peer review, where different experts would repeate the experiment to finalize a definite consensus.

I took a quick look at the economics and econometrics (which I never saw before) on wikipedia. Interesting stuff.

I got finals this week so I can't spend any real time researching this now. But next week I'll research and e-mail a couple professors to settle this.

[GorgonLuvs8008135]

I look forward to hearing about it. If you get a chance ask a math prof. They are top dog on the truth scale, (for my money any way),

Also here's Noam Chomsky on Friedman : watch?v=DE1e_7rOwno

[billoakesattablthree]

great video - I work in the financial sector and am enjoying the review - can't wait to see your other videos

[miamimanni]

thanks for the complements. Glad I could help.

Well I never completed the series. I may one day but classes in computer science are keeping my occupied. Hope your not to dissapointed by incomplete chapters.

[GorgonLuvs8008135]

Thanks for the video.

Its a social science because it is not a real science. It's the use of calculus to describe how an angel flies but in no way proves the angel exists.

"Blow Back" and "Confessions of an Economic Hit" both dedicate chapters to the fact that economics is not a science. "Blow Back" compares 1)the west's use of pseudo science to prove economic principles to 2)how the Soviet union used pseudo science to prove the principles of communism.

[miamimanni]

thank you for the correction.

I'll stick up an annotation this way people are guaranteed to read the errata footnote.

I hate to spread misinformation, I should start putting validility of video is not guaranteed in the description box.

Thanks again,

Manni

[bettertobealive]

The field of economics is pseudo-science, yet some random dude selling a book is the undeniable truth?

LOL

[GorgonLuvs8008135]

Its not undeniable, its just citing an idea.

Rereading, its a little much. "not a real science" maybe should have been "not a hard science". I think its formally not a hard science because its missing mathematical proofs. Although there is lots of math still cannot prove that the ideas correlate to the real world. i.e. if all the assumptions are correct there is a proof, but cannot prove the assumptions.

I see it as a modern day mysticism, used to justify a greedy addenda.

[bettertobealive]

I see someone who clearly doesn't have any understanding of economics at all.

[GorgonLuvs8008135]

I understand the some of the math behind it. I just don't believe it has much to do with the real world and more importantly it is often a tool used by modern day mystics to predict the future.

I'm not alone. See the stand-up economist about the assumptions made and the specific chapters of the two books I mentioned.

Another book is "The shock doctrine" by Naomi Klein who shows just how much destruction is possible implementing some of the ideas base on economics i.e the the miracle of Chile

[bettertobealive]

Naomi Klein is another book peddling reactionary with no relevance whatsoever. Further more, i think her skewed and inept portrayal of Milton Friedman's contribution is disingenious at best and fraudulent at worst, many in the economic community feel the same.

You talk about "mathematical proofs", have you ever heard of an econometrician?

To be honest, believe what you want - i don't care. I don't have the time or patience to go over this yet again, plus i have an assignment to finish.

[GorgonLuvs8008135]

Its is not a hard science. Many economists agree with Naomi Klein and many more follow Milton Friedman.

The popularity of Milton Friedman (besides being a good speaker) has more to do with his ideas of de-regulation/less government being good for corporations and upper class rather than anything that's good for society, and the field itself is given more credit for societal good than it deserves.

I think an econometrician was hired to prove a bunk paper in Confessions of an economic hit man.

[miamimanni]

LOL, my first war in my comment section yay ^_^

[miamimanni]

well, perhaps your right and I was a bit hasty sticking the annotation in. But it sounds reasonable. GL8...5 makes a fair point with the use of math describing angel fleight, but doesn't prove that the angel existence.

I understand real sciences goes through a peer review process (Gravity, evolution, etc.); where I don't think economics is peer reviewed. So at the time I read the comment, I was thinking that most likely I was wrong about the claim.

[bettertobealive]

Of curse economics is peer reviewed....

[miamimanni]

mhmm, I had no incling of that. I'm very open to being wrong, again as I say I hate disinformation. I thank you for the correction, I'll google it next week when I have time to confirm (doing finals this week).

By any chance can you give me the name of any of the peer-review journal publishers.

[bettertobealive]

The Economist for one you fucking reactinary bastard, don't botther posting clips on youtube claiming "economics is wrong", it really show you out to be the sheltered child that you really are...

[bettertobealive]

your an amateur, stick to fucking computer science or smething you stupid southern twat,

[bettertobealive]

It's typical of you populist retards who care not about empiricism.

[bettertobealive]

It's a fucking travesty, shut down your youtube account and just quit. Your going to be fucking laughed at until then...

[miamimanni]

Number 1, no need to be rude. I was being genuine, not sarcastic with my reply.

With your replies, I'm suspecting more and more that you have no idea what peer review is, it's not a generic term. It's a very specific process in science for developing theories.

Is saying economics isn't a science so wrong? I'm simply asking for you to support what you say.

...reactionary?

You can laugh at me if you want, I'm inviting you to help me, and that door is still open.

[bettertobealive]

Why are you asking people in the comments if it's right or not, shouldn't you of thought about that before posting the video maybe>? Secondly, peer review is pretty much meaningless, because you are never going to get a clear "consensus" on whats valid or not, ie everyone is inherently biased towards there own "world view". Who are the "peers"? And, are they some magically unbiased creatures? Science is given credence on obseravtion and evidence, not how many "peers" believe it to be true.

[miamimanni]

It still seems you don't know what peer review is, again it's not a generic term, wikipedia it.

And if I may politely correct you, yes you do get a clear consensus on what's valid or not. i.e. Gravity, evolution, etc.

In addition, as you said I'm an amature. I don't care to be an expert or a perfectionist with these videos. The purpose of these videos are to help ppl, and encourage ppl to do the same thing I did. I've been corrected on other videos. I see nothing shameful about it.

[ilmast]

really great videos mate :). from a Maltese college student who has his introductory macroeconomics exam in 2 days time

[markuandsonsXD]

ee gl man XD isma rahal tahseb li bizzejed nistudjaw dawn biss?

[nokouri]

Thx explaining in detail Economics. U should definitely be awarded for this FREE help! People buy knowledge and you're selling it for free! You're a great American with strong value. I'll be checking out all of your video. THX again.

cant heard u well but I see that u dont wanna wake up your wife. NICE thx

[miamimanni]

Hey buddy. Thanks for the complements

I'm a college student, didn't want to wake my mom more like ^_^ . I'm to young to get married. Take care glad I could help.

[miamimanni]

lol, I made video late at night and didn't want to speak to loudly. But I try to do as many as them as possible in the day time ^_^

Thanks for the complement ^_^

[sigur90]

Great videos! However, could you speak louder? Many thanks :)