21.03.2023
It's a good course but needs to slow the pace to facilitate the learning process.
Macroeconomics
with
Antoniya Baltova
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.
5 hours 62 lessons
Start course
62 High Quality Lessons
2 Practical Tasks
5 Hours of Video
Certificate of Achievement
Course Overview
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!
Topics covered
Economic AnalysisFinance FundamentalsInvestment Analysis
What You'll Learn
This course on Macroeconomics covers many important topics, including:
The difference between nominal and real GDP
Aggregate demand and supply
Business cycle phases
The impact of inflation and unemployment on economic growth
The theory and applications of monetary and fiscal policies
Costs and benefits of international trade
Curriculum
- Aggregate Output and Economic Growth15 Lessons 85 Min
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.
What does the course cover Free Types of GDP Free GDP Calculation Methods Free Nominal and Real GDP The Expenditure Approach The Income Approach Fiscal Balance and Trade Balance Aggregate Demand Aggregate Supply Shifts in Aggregate Demand Shifts in Aggregate Supply The Macroeconomic Equilibrium The Effects of Combined Changes in Aggregate Demand and Supply Sources, Measurement, and Sustainability of Economic Growth The Production Function - Business Cycles12 Lessons 67 Min
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.
Business Cycle Phases Resource Use and the Business Cycle The Housing Market and the Business Cycle External Trade and the Business Cycle Theories of the Business Cycle Types of Unemployment Measures of Unemployment Inflation Indexes Used to Measure Inflation Uses and Limitations of Inflation Measures Cost-push and Demand-pull Inflation Types of Economic Indicators - Monetary and Fiscal Policy25 Lessons 92 Min
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.
Introduction to Monetary and Fiscal Policy Functions of Money Definitions of Money The Money Creation Process The Quantity Theory of Money Theories of Money Demand and Supply The Fisher Effect Roles and Objectives of Central Banks Costs of Expected and Unexpected Inflation Monetary Policy Tools The Monetary Transmission Mechanism Qualities of Effective Central Banks The Relationship between Monetary Policy and Economic Growth Inflation, Interest Rate and Exchange Rate Targeting Expansionary or Contractionary Monetary Policy Limitations of Monetary Policy Roles and Objectives of Fiscal Policy Fiscal Policy Tools Effective Tax Policy Modelling the Impact of Taxes and Government Spending The Ricardian Equivalence National Debt to GDP - Does it Matter? Fiscal Policy Limitations Expansionary or Contractionary Fiscal Policy Interaction between Monetary and Fiscal Policy - International Trade and Capital Flows10 Lessons 42 Min
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.
Gross Domestic Product vs. Gross National Product Costs and Benefits of International Trade Comparative Advantage vs. Absolute Advantage The Ricardian and Heckscher Ohlin Models of Trade Trade Restrictions Trading Blocks Capital Restrictions The Balance of Payments The Balance of Payments (continued) International Trade Organizations
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“Economic studies help individuals, governments, and businesses measure the effects of their daily decision on long-term wealth accumulation.”
Macroeconomics
with Antoniya Baltova