Teaching money/macro in 90 minutes

Scott Sumner attempts the impossible: teaching money/macro in 90 minutes.

A few weeks ago I gave a 90-minute talk to some high school and college students in a summer internship program at UC Irvine.  Most (but not all) had taken basic intro to economics.  I need to boil everything down to 90 minutes, including money, prices, business cycles, interest rates, the Great Recession, how the Fed screwed up in 2008, and why the Fed screwed up in 2008.  Not sure if that’s possible, but here’s the outline I prepared:

1.  The value of money (15 minutes)

2.  Money and prices  (20 minutes)

3.  Money and business cycles (25 minutes)

4.  Money and interest rates (15 minutes)

5.  Q&A (15 minutes)

He actually covers all this in 75 mins leaving 15 mins for Q&A. He says that he managed to finish about 90% of what he wanted to say, which is quite impressive given the wide variety of macro/money topics.

For those who say they cannot explain Macro in 30 lectures (1.5 hours each), Prof Sumner provides a snapshot of how to cover main ideas in just 75 mins…

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