'public debt' in International Economics: IB Economics

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From www.youtube.com - December 5, 2022 12:33 PM

Graham Watson's insight:

This little IMF primer looks at what public debt is - starting by using the analogy that public debt is akin to borrowing to buy a house.

This looks at why and how governments borrow - although I might look to draw out the distinction between current and capital expenditures, although it does a decent job of teasing out some of the differences between two countries borrowing the same amount at the same time. Some people might argue that it's a bit simplistic - but for me that's not a bad thing. It allows for a good grounding in the subject.

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International Economics: IB Economics

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