The Amount of Money in the U.S. (M2)

Course Content
Introduction
0/1
Introduction
05:42
Your First Big Job: How to Get It
0/14
Insights from Authentic Happiness on Careers
02:16
Wisdom from What Color Is Your Parachute?
00:24
Conduct Informational Interviews
00:51
Cultivate Contacts and Create Networks
00:50
Research Organizations of Interest
00:00
The Inverted Pyramid of Hiring
00:00
Internships
00:39
Resumes
02:10
Cover Letters
00:00
The Job Interview
05:39
Do Not Take the First Offer (Maybe)
04:00
Drug Test
00:00
The Last (and Definitive) Word on Job Searches
00:00
QUIZ: First Job
00:10:00
Flourishing in Your Job and Well-Being in Your Life
0/13
How to Behave the First Week on the Job
00:00
Gossip at Work
00:00
Insights from Give and Take by Kurzban and Houser
00:00
Promotions
00:00
Women at Work
00:00
Employment Discrimination
00:00
Resources
00:00
Well-Being
00:00
What makes you Happy
00:00
Authentic Happiness
00:00
Bad Habits and How to Change Them
00:00
Savings is One Key to Well-Being
00:00
QUIZ: Flourishing in your job
00:10:00
The Importance of Behavioral Economics
0/8
Introduction to Behavioral Economics
00:00
Decision Biases and Information Literacy
00:00
Traditional Economic Assumptions About People’s Behavior
00:00
Irrational (biases, heuristics, etc.)
00:00
Biases
00:00
Nudges in Behavioral Economics
00:00
Nudging Yourself
00:00
QUIZ: Behavioral Economics
00:20:00
What is Money?
0/13
The Definition of Money
00:00
The Barter System
00:00
How Money Is Used
00:00
The Amount of Money in the U.S. (M2)
00:00
Who Owns the Money
00:00
The Federal Reserve Bank
08:02
Nominal Money and Real Money
00:00
Foreign Exchange Rates
00:00
How We Get Addicted to Money
00:00
Cryptocurrencies
00:00
A Cashless Society
00:00
Hyperinflation In Zimbabwe
00:00
QUIZ: What is Money
00:20:00
Analyzing Your Current Financial Situation
0/3
Your Parents’ Advice
00:00
Ten Rules for Financial Freedom
00:00
QUIZ: Current Financial Situation
00:10:00
Budgets and Saving
0/13
Savings Among Americans
04:02
Savings Rates in Select Countries
00:15
China’s Savings Rate
02:21
Influences on the Rate of Savings
01:40
Global Consequences of a Lack of Savings
00:00
How Much You Should Save
00:00
Your Budget
00:00
Why Budgets Do Not Work (most of the time)
00:00
How to Use Behavioral Economics to Create a Workable Budget
00:00
Credit Union Accounts to Facilitate Budgeting
00:00
Establishing Financial Goals
00:00
Reviewing Your Budget
00:00
QUIZ: Budgets & Savings
00:15:00
Credit Cards, Auto Loans, and Other Personal Debt
0/18
How Much Have Americans Borrowed?
00:29
What Determines Interest Rates
07:00
Daily Treasury Yield Curve Rates (Treasuring Bills and Bonds)
01:43
Your Credit Score
00:00
How to Get and Maintain a Good Credit Score
07:06
Pay for Deletion
00:00
Credit Rating Agencies
00:00
Good and Bad Debt
00:00
Credit Cards Are Addictive
00:00
How to Use Credit Cards Wisely
00:00
Credit Card Providers and the Games They Play
00:00
Auto Loans and Leases
00:00
What to Do if You Fall Behind
00:00
Personal Loans
00:00
Pay off the Debt With the Highest Interest First
00:00
Identity Theft
00:00
The Last Resort: Bankruptcy
00:00
QUIZ: Credit Cards, Loans, & Debt
00:30:00
Student Loans
0/11
Student Loans Are Good Debt
00:00
Student Debt Abuse by Educational Organizations
00:00
The Rules of Student Debt
00:00
Paying Back Student Debt
00:00
Government versus Private Lenders for Student Debt?
00:00
Defaulting on Student Debt
00:00
Problems With Student Debt
00:00
Debt Forgiveness for the Helping Professions
00:00
How Much Debt Should I Take On?
00:00
What Majors Are Worth Taking on Student Debt
00:00
QUIZ: Student Loans
Understanding the Time Value of Money
0/7
The Miracle of Compound Interest
00:00
The Time Value of Money
00:00
Intertemporal Consumption and Savings
00:00
The Future Value of Dollars Received Today
00:00
The Present Value of Dollars Received in the Future
00:00
The Present Value or Future Value of an Annuity
00:00
QUIZ: Understanding the value of money
00:10:00
Banks and Financial Institutions
0/18
Different Types of Financial Institutions
00:00
Commercial Banks
00:00
Savings Institutions
00:00
Credit Unions
00:00
Finance Companies
00:00
Securities Firms
00:00
Insurance Companies
00:00
Investment Companies
00:00
Financial Conglomerates
00:00
Payday Lenders
00:00
Banks Are Not Your Friends
00:00
Financial Services Offered by Banks and Credit Unions
00:00
Why Banks Want You to Sign Up for Electronic Bill Payment
00:00
Who Regulates Banks and Credit Unions
00:00
How Interest Rates on Deposits and Loans Are Determined
00:00
Supply and Demand of Funds
00:00
Bank Runs and Financial Crises
00:00
QUIZ: Banks and Financial Institutions
00:20:00
Buying a Home
0/24
Reasons to Rent or Own a Home
00:00
You Are Buying a Location, Not Just a Physical Structure
00:00
Calculate What You Can Afford
00:00
Difficulties of First-Time Home Buyers
00:00
House as Nest or House as Investment
00:00
Rate of Return on Houses as Investments
00:00
Finding a Real Estate Agent
00:00
Home Prices
00:00
The Down Payment and Private Mortgage Insurance
00:00
Regular 30-Year Fixed Mortgage
00:00
FHA Mortgage
00:00
VA Loans
00:00
Where to Get a Mortgage
00:00
Pre-Qualifying for a Mortgage
00:00
Types of Mortgages
00:00
Fannie Mae and Freddie Mac
00:00
The Home Mortgage Crisis of 2006 to 2009 and the Great Recession
00:00
Transaction Costs of Purchasing a Home
00:00
How to Calculate the Monthly Payment
00:00
Tax Consequences of Home Ownership
00:00
Annual Costs of Home Ownership
00:00
Common Mistakes in Taking Out a Mortgage
00:00
When to Refinance
00:00
QUIZ: Buying a Home
00:25:00
Insurance: What Do You Need?
0/14
Life’s Problems Will Happen to You
00:00
The Concept of Insuring Against Risk
00:00
The Business Model of Insurance Companies
00:00
Health Insurance
00:00
The Main Reason People Go Bankrupt
00:00
Affordable Care Act
00:00
Disability Insurance
00:00
Auto Insurance
00:00
Renter’s Insurance
00:00
Homeowner’s Insurance
00:00
Flood Insurance
00:00
Life Insurance
00:00
Umbrella Personal Liability Policy
00:00
QUIZ: Insurance
00:15:00
Investing Fundamentals
0/24
The Nature of Investing
00:00
Risk and Reward
00:00
How Return on Investment is Calculated
00:00
Historical Returns on Various Investments
00:00
The Portfolio Theory of Investing
00:00
Investing in Money Markets
00:00
Investing in Bonds
00:00
Corporate Bonds
00:00
Municipal Bonds
00:00
Federal Agency Bonds
00:00
State Agency Bonds
00:00
Bond Ratings
00:00
Investing in Stocks
00:00
The Current One Year P/E Estimate
00:00
Bubbles and Busts in the Stock Market
00:00
Investing in Commodities
00:00
Investing in Art
00:00
Day Trading
00:00
Investing in Stock Options
00:00
Buying Your Company’s Stock
00:00
Investing in Real Estate
00:00
The Biggest Investment Mistakes
00:00
How to Learn From Investment Mistakes
00:00
QUIZ: Investing Fundamentals
00:30:00
Investing in Mutual Funds
0/14
Mutual Funds
00:00
The Advantage of a Mutual Fund
00:00
For-Profit Mutual Funds
00:00
Nonprofit Mutual Funds
00:00
Load vs. No-Load and Open End Funds vs. Closed End Funds
00:00
Exchange Traded Funds (ETFs)
00:00
Types of Mutual Funds
00:00
Hedge Funds
00:00
Domestic and International Stock Funds
00:00
Diversification Advice
00:00
Social Investing Funds (ESG Funds)
00:00
Non-Fossil Fuel Funds
00:00
Draft Lesson
00:00
QUIZ: Mutual Funds
00:30:00
Saving for Retirement
0/9
Goals for Retirement
00:00
Social Security Payments
00:00
401(k)s and 403(b)s
00:00
Individual Retirement Accounts (IRAs) and Roth IRAs
00:00
Annuities
00:00
Companies to Handle Your 401(k)s or IRAs
00:00
Rolling Over Your Retirement Funds
00:00
Imagining Your Retirement
00:00
QUIZ: Savings for Retirement
00:25:00
Fiscal Policy and Monetary Policy-Government Intervention in Your Life
0/17
The Business Cycle and Recessions
00:00
Government Tax Policy
00:00
Government Spending
00:00
Government Recession Counteractions
00:00
The Federal Reserve Bank
00:00
Modern Monetary Theory
00:00
Fiat Money
00:00
Taxes Make Fiat Currency (And the Economy) Work
00:00
Debts Do Not Matter
00:00
The Point of Taxes
00:00
Infation
00:00
Obtaining Full Employment
00:00
What We Cannot Do
00:00
China and Trade
00:00
Criticisms
00:00
Conclusion
00:00
QUIZ: Fiscal and Monetary policies
00:20:00
Economics for Life

The Money Supply (M2) in 2019 is $14,941,700,000,000. This is a lot of money. According to the St. Louis Federal Reserve Bank, the types of money that are counted in the M2 are:

  1. Savings deposits (which include money market deposit accounts)
  2. Small-denomination time deposits (less than $100,000)
  3. Balances in retail money market mutual funds


Figure 4.1 Measuring Money: Currency, M1, and M2 by Steven A. Greenlaw and David Shapiro has been adapted by Fred Rowland and is used under a CC BY-NC 4.0 License. 

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