Description
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!
