Basic arithmetic and comfort interpreting a graph are useful. Follow the assumptions of each model rather than treating every simplified example as a real-world prediction.
About this course
Stabilization policy has consequences beyond the immediate change in spending or interest rates. This course connects policy choices with inflation, unemployment, public borrowing and long-run productive capacity. Study the complete public source playlist from Khan Academy in English, with all 9 recordings available in the on-site classroom. Lessons retain their original titles and source order, including worked examples, introductions and repeated entries.
Course at a glance
| Provider / Teaching team | Khan Academy |
|---|---|
| Platform | YouTube · Khan Academy |
| Access | Free Video |
| Level | Beginner |
| Language | English |
| Videos | 9 |
| Video duration | 1h 1m · allow extra time for practice |
| Format | Self-paced recorded training |
| Certificate | Not included with video viewing |
What you’ll learn
- Compare the roles of fiscal and monetary policy.
- Connect Phillips-curve changes with the AD–AS framework.
- Distinguish a budget deficit, public debt and crowding out.
- Use an aggregate production function to explain economic growth.
Skills you’ll gain
- Policy analysis
- Phillips curve
- Crowding out
- Economic growth
Course Overview
The recordings begin by placing fiscal and monetary policy side by side. The Phillips-curve lessons then connect inflation and unemployment with changes represented in the aggregate-demand and aggregate-supply model. Quantity theory introduces another way to reason about money and the price level. The borrowing section distinguishes a government deficit from accumulated debt and uses crowding out to examine how public borrowing can interact with private investment in a simplified model. The closing production-function lessons shift attention from short-run stabilization to economic growth. This distinction matters throughout the course: raising current demand and expanding an economy’s capacity are different questions. Read each graph with its time horizon and assumptions in view, and explain the mechanism connecting the policy instrument to the outcome rather than memorizing an arrow.
How to study the course
- Videos 1–2: this part of the source list includes “Fiscal and monetary policy in parallel” through “Phillips curve”. List the assumptions of the model. Keep a brief working note, revisit an unclear explanation and test one example before moving to another part of the material.
- Videos 3–4: this part of the source list includes “Changes in the AD-AS Model and the Phillips curve” through “Quantity theory of money”. Identify the participants and incentives. Keep a brief working note, revisit an unclear explanation and test one example before moving to another part of the material.
- Videos 5–6: this part of the source list includes “Crowding out” through “Deficits and debt”. Compare outcomes after one defined change. Keep a brief working note, revisit an unclear explanation and test one example before moving to another part of the material.
- Videos 7–9: this part of the source list includes “Understanding economic growth” through “Aggregate production function and economic growth”. Explain a mechanism before making a conclusion. Keep a brief working note, revisit an unclear explanation and test one example before moving to another part of the material.
Who is this for?
This course suits students and interested readers studying the named economic concepts. It also provides a recorded reference for revisiting a topic after an earlier lesson or study attempt. Choose examples appropriate to your background and allow time to work through the method instead of judging understanding only by how familiar the terminology sounds.
Before you start
Basic arithmetic and comfort interpreting a graph are useful. Follow the assumptions of each model rather than treating every simplified example as a real-world prediction.
Put the lessons into practice
Choose a fictional recession scenario and describe one fiscal response and one monetary response. Draw the relevant model and state the assumed time horizon. Add a separate note explaining whether your proposed response changes current demand, productive capacity, or both. Then explain how financing a fiscal response could affect private investment under the crowding-out model shown in the lessons.
This optional study activity is provided by WikiFree for independent practice. Keep your working notes and use the relevant classroom recording to check a step, definition or interpretation. It is not an instructor-marked assignment.
Certificate / Assessment
Watching the public videos and using WikiFree completion tracking does not award a certificate, academic credit, an examination voucher or instructor assessment. Use your practice output to review what you can explain and repeat independently. The recorded lessons provide study material; completion tracking records your progress through that material.
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Beginner
Compare course focus, level and study time
| Course | Level | Focus | Study time |
|---|---|---|---|
| This course — Long-Term Stabilization Policies: Free Course | Beginner | Policy analysis · Phillips curve · Crowding out | 1h 1m of video; practice time is additional |
| Macroeconomics Fundamentals: Free Course | Beginner | Production possibilities · Comparative advantage · Trade | 1h 48m of video; practice time is additional |
| Economic Indicators and Business Cycles: Free Course | Beginner | GDP accounting · Price indexes · Unemployment | 2h 37m of video; practice time is additional |
| Microeconomics Fundamentals: Free Course | Beginner | Opportunity cost · Economic models · Marginal reasoning | 1h 3m of video; practice time is additional |
Frequently asked questions
Is this course free to watch?
Yes. The public source videos are available in the WikiFree classroom. Video viewing does not include separately priced tools, hardware, memberships or a credential.
How long does the course take?
The 9 source video occurrences total approximately 1h 1m. Allow additional time for pausing, notes, practice and revisiting an explanation.
What background do I need?
Basic arithmetic and comfort interpreting a graph are useful. Follow the assumptions of each model rather than treating every simplified example as a real-world prediction.
Does completing the videos award a certificate?
No. Video viewing and WikiFree progress tracking do not award a certificate, academic credit or an exam voucher.
Can I study on a phone?
Yes. The classroom supports a responsive player and searchable lesson list. A larger screen or a suitable practice environment can help with detailed calculations, diagrams and software examples.
Provider: Khan Academy. Videos play from the Khan Academy channel on YouTube.
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