Economy in the Long Run
Growth fundamentals — the leisure-work trade-off, the island economy, and why consumption doesn't create long-run growth.
Notes
Recording soon
Lecture hub · 8 sessions
The sessions, in one place.
Every macro session from Prof. Tantri's course — notes, transcript, and (once approved) the recording — gathered into one hub. Read the write-up or press play.
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recordings pendingSession 8 · Medium-Term Economics: Inflation, Labor & the Phillips Curve Foundation
LockedMedium-Term Economics: Inflation, Labor & the Phillips Curve Foundation — opening framing. The full synced transcript unlocks alongside the recording.
Setting up the model: what we hold fixed, what we let move, and why the distinction matters for policy.
Worked example on the board — tracing the mechanism step by step.
Q&A: a common misconception, and how to reason past it.
All sessions
All notes →The Keynesian Cross
Short-run demand, consumption functions, and how output adjusts when prices are rigid.
Notes
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Aggregate Demand & Monetary Policy
Real vs nominal rates, liquidity preference, and why modern central banks moved from money-supply targeting to the IS-MP world.
Notes
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IS-MP Framework & Modern Monetary Policy
Integrating interest-rate policy into the short-run model — and what it means for India's policy space.
Notes
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Fiscal Policy, Crowding Out & Transmission
GST cuts, the crowding-out debate, the five-step transmission mechanism, and the AI-human-capital question for India.
Notes
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Real Exchange Rates & Productivity
Tradables vs non-tradables, PPP, Balassa-Samuelson, and why richer countries look expensive to visitors.
Notes
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Exchange Rates, Inflation & Interest Rate Parity
The central paradox: how inflation, nominal depreciation, and interest differentials are all telling the same story.
Notes
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Medium-Term Economics: Inflation, Labor & the Phillips Curve Foundation
Kevin Warsh on inflation as a policy choice, then the wage- and price-setting equations that underpin the Phillips curve.
Notes
Recording soon