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APA
Subject:
Business & Marketing
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Essay
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English (U.S.)
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Topic:

The Concept of Money and Banking

Essay Instructions:

Listen to an episode of the "Planet Money" podcast (relevant episodes attached below) and write a one-paragraph response which describes how specific parts of the episode relate to specific vocabulary/themes of macroeconomics (money, banking, inflation).

Planet Money Homepage

*All episodes 15-20 minutes long

A Locked Door

●    Creation of Federal Reserve

●    Role of Federal Reserve

How to Make $3 Trillion Disappear

●    2008 Recession

●    Role of Federal Reserve

The Great Inflation

●    Causes of Inflation

●    Supply and Demand of Money

●    Role of Federal Reserve

Why The Price of Coke Didn’t Change

●    Causes of Inflation

●    Menu Costs

The Money Fixers

●    Purposes of Money

When India’s Cash Disappeared: Part 1 and Part 2

●    Purposes of Money

●    Regulating currency supply: intentions and outcomes

Essay Sample Content Preview:

Money and Banking
Name
Institution
Money and Banking
In episode number 781 titled The Money Fixers, Kulas and Goldstein, 2017) cover important macroeconomic concepts that include money, banking, and inflation. The concept of money is covered throughout the episode. At the beginning of the episode, Kulas narrates how Deming’s great grandfather, Walt, hated spending money and instead chose to save it safely in a box. In this sense, it can be seen that instead of using money to buy goods and services like other people, Walt was inclined to save his money. The presenters also visited the Mutilated Currency Division, which is a part of the Treasury that examines and redeems damaged bills. I believe this is important to maintaining the supply of money in the econ...
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