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Key text: Richard Werner "Paradigm for New Macroeconomics"

  • Philosphical critique of neoclassical economics
  • Using ledger-cli, understanding double entry accounting.
  • Risk/Reward. Securities. Buy and selling debt using options.
  • Structure of IMF, WBG and developing nations.
  • How fiat currency works. Money aggregates: M1, M2, ...
    • GDP and growth. Borrowing money on markets (cheap vs expensive debt). Liquidity
    • Theory behind interest rate mechanism
    • Liquidity trap and stagflation
  • Main schools: classical, keynesian, monetarist, fiscalist