The course is excellent but if you would have provided us slides of each video. It would have helped us a lot.
This course is designed to deepen your understanding of the global economy and the forces that drive it. It will help you understand macroeconomics policy, international trade, and the determinants of macroeconomic decisions.
Macroeconomics studies the scope and behavior of the economy as a whole. In this Macroeconomics course, you will learn how countries “generate” national output, why unemployment prevents economic growth, how to measure inflation, and much more. Best of all, this course will help you understand the causes and impact of nations’ economic decisions. We start by explaining what aggregate output is and how to measure it. We examine the difference between the income and expenditure approaches of GDP calculation and how they work in practice. You will also learn about the components of aggregate demand and supply, savings and investments, and their relation to economic growth. Next, we discuss business cycle theories, how various sectors “behave” during the four phases (expansion, peak, contraction, and trough), and how to measure unemployment and inflation. The Macroeconomics course also covers the topic of monetary and fiscal policy. You will learn about the money creation process, the monetary transmission mechanism, and the roles and objectives of central banks worldwide. We examine the tools and limitations of monetary and fiscal policies and the interaction between them. Lastly, we discuss the cost and benefits of international trade. You will understand the difference between comparative and absolute advantage, the pros and cons of trade and capital restrictions, and the essence of trading blocs, common markets, and economic unions. By the end of this Macroeconomics course, you will know what balance of payments (BOP) accounts are and how consumers', firms', and governments’ decisions affect them. Join the thousands of professionals who have taken this course and are now using their new skills to enhance their careers. Sign up now and master the art of economic analysis!
This course on Macroeconomics covers many important topics, including:
In this section, you will learn key macroeconomic concepts and functions, such as the Gross Domestic Product (GDP) of a country and how to apply the expenditure and income approaches to measure it. We also discuss the components of aggregate demand and supply and how changes in them affect the macroeconomic equilibrium. Lastly, we examine the sources, measurement, and sustainability of economic growth and Solow's production function.
This section of the Macroeconomics course covers the theory of business cycles and their relationship with factors of production, the housing market, and the external trade sector. You will learn about the types and measures of unemployment and the impact of inflation on economic growth. We define various concepts, including inflation, hyperinflation, disinflation, deflation, cost-push, and demand-pull inflation. Finally, we show you how to calculate major economic indicators.
This section is dedicated to the importance and limitations of monetary and fiscal policies. We explore the functions and definitions of money and the money creation process. This will help you understand the quantity theory of money, the Fisher Effect, and the monetary transmission mechanism. We also cover the roles, objectives, and limitations of monetary/fiscal policy, the cost of expected and unexpected inflation, and the qualities of effective central banks.
In the final section of the Macroeconomics course, we explain the difference between Gross Domestic Product and Gross National Product and how to calculate them. You will learn more advanced macroeconomics functions, such as the absolute and comparative advantage and the Ricardian and Heckscher-Ohlin models of trade. In addition, we explore the types and economic implications of trade and capital restrictions. Finally, we introduce the concept of Balance of Payments (BOP) and the functions and objectives of major international trade organizations.
“Economic studies help individuals, governments, and businesses measure the effects of their daily decision on long-term wealth accumulation.”
Chief Financial Officer at 365
with Antoniya Baltova