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Description
In this programme Professor Maurice Peston of Queen Mary College London discusses the concept of the Multiplier and, using examples, illustrates its effects on the national economy.
In this programme Professor Maurice Peston of Queen Mary College London discusses the concept of the Multiplier and, using examples, illustrates its effects on the national economy.
| Module code and title: | D282, National income and economic policy |
|---|---|
| Item code: | D282; 02 |
| First transmission date: | 05-03-1972 |
| Published: | 1972 |
| Rights Statement: | |
| Restrictions on use: | |
| Duration: | 00:23:39 |
| + Show more... | |
| Producer: | Peter Ramsden |
| Contributors: | Nikos Baltazzis; Maurice Peston |
| Publisher: | BBC Open University |
| Keyword(s): | Economic policy; Macro economics; Multiplier |
| Footage description: | Nikos Baltazzis introduces the programme and Maurice Peston. The latter outlines the history of the discovery of the multiplier. Maurice Peston at the blackboard works through the text book example of the multiplier. Peston isolates the multiplier. At the blackboard, Peston now works through an example more closely based than the first simple example on the facts of the British economy. The multiplier is again identified, and the example is worked in great detail. Using an animated diagram Peston reworks the previous example but without great attention to detail. The example is worked to its conclusion and the multiplier for the British Economy identified. Peston analyses and explains an algebraic representation of the previous example. The explanation is detailed. Peston gives a hypothetical example concerning unemployment in which the multiplier is used to arrive at an economic prediction, i.e. an example of the theory's use in practical economics. |
| Master spool number: | VTN/6HT/70564 |
| Production number: | 00525_2070 |
| Videofinder number: | 136 |
| Available to public: | no |
