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Macroeconomics


Language: English Description: This comprehensive course in Macroeconomics offers students the chance to understand economics from the broadest view possible. Students will learn how local, regional and even global economies work as an entire system and affect each other in countless ways. Particularly in this increasingly global world, a fundamental understanding of macroeconomics provides an imperative foundation from which business professionals, government officials and countless others make important decisions every day. Various types of governments and markets can lead to sound or unsound monetary policy that affect different economies in different ways. Understanding various economic indicators including prevailing indexes and interest rates will provide students with an invaluable foundation that will inform their approach to business and individual financial matters for years to come. Macroeconomics introduces students to such core concepts as supply and demand, monetary policy and inflation, employment measures and growth concerns. Students will understand the role of the Federal Reserve here in the United States and gain a comprehensive understanding of how individual countries’ monetary policy can affect everyone else. This course, offered by our accredited school partners, introduces foundational concepts of economic principles, such as opportunity costs, supply, and demand. However, the course focus is to explore primary macroeconomic principles, including measurement, real economy in the long run, money economy in the long run, macroeconomic fluctuations, and policy issues. Students will be presented with real-world contemporary examples that apply theory to practice, demonstrating the relevance of macroeconomic thought. Enroll through one of our accredited university or college partners today! Instructor Description: This class supported by an Educational Mentor. Educational mentors have worked or are working in the subject they mentor. Educational Mentors review student work, student progress, and interact with students as needed. They respond to any questions or concerns you might have, as well as encouraging and motivating you to succeed. Requirements This course does not require any additional purchases of supplementary materials. Show Syllabus Hide Syllabus Lesson 1 Macroeconomics Module 1 A World of Scarce Resources • Economics Defined • Importance of Studying Economics • Microeconomics versus Macroeconomics • Using Theories and Models to Understand Economics • Overview of Economic Systems • Individual Choices and Budget Constraints • Production Possibilities Frontier • Social Choices • Objections to the Economic Approach Macroeconomics Module 2 Supply, Demand, Labor, and Markets • Market Demand, Supply, and Equilibrium • Shifts in Demand and Supply for Goods and Services • Four-Step Process for Equilibrium Changes • Price Ceilings • Price Floors • Demand, Supply, and Efficiency • Labor Market Demand and Supply • Financial Market Demand and Supply • Market System as an Efficient Mechanism for Information Macroeconomics Module 3 Elasticity and the Macroeconomic Perspective • Price Elasticity of Demand • Price Elasticity of Supply • Polar Cases of Elasticity • Constant Elasticity • Elasticity and Pricing • Elasticity in Other Areas • Gross Domestic Product • Adjusting Nominal Values to Real Values • Tracking Real GDP over Time • Comparing GDP among Countries • How GDP Measures the Well-Being of Society Macroeconomics Module 4 Growth and Unemployment • Recent Arrival of Economic Growth • Labor Productivity and Economic Growth • Components of Economic Growth • Economic Convergence • Defining Unemployment • Measuring Unemployment • Patterns of Unemployment • Causes of Short-Term Unemployment Changes • Causes of Long-Term Unemployment Changes Macroeconomics Module 5 Inflation, International Trade, and Capital Flows • Tracking Inflation • Measuring Cost of Living Changes • How Countries Experience Inflation • Confusion Over Inflation • Indexing and Its Limitations • Measuring Trade Balances • Historical Context of Trade Balances • International Context of Trade Balances • Trade Balances and Flows of Financial Capital • National Saving and Investment Identity • Pros and Cons of Trade Deficit and Surplus • Level of Trade versus Trade Balance Macroeconomics Module 6 Aggregate Supply-Demand and Keynesian Models • Macroeconomic Demand-Supply Perspectives • Building an Aggregate Demand-Supply Model • Aggregate Supply Shifts • Aggregate Demand Shifts • Incorporating Growth, Unemployment, and Inflation into the Model • Keynes’ Law and the Aggregate Demand-Supply Model • Say’s Law and the Aggregate Demand-Supply Model • Aggregate Demand in Keynesian Analysis • The Building Blocks of Keynesian Analysis • The Phillips Curve • The Keynesian Perspective on Market Forces Macroeconomics Module 7 Neoclassical Economics, Banking, and Monetary Policy • Neoclassical Analysis • Neoclassical Perspective Policy Implications • Keynesian versus Neoclassical Models • Defining Money by Its Functions • Currency, M1, and M2 Measures of Money • Role of Banks • How Banks Create Money • Federal Reserve Banking System • Central Banks and Monetary Policy • Bank Regulation • Monetary Policy and Economic Outcomes • Monetary Policy Pitfalls Macroeconomics Module 8 International Capital Flow and Government Policy • Foreign Exchange Markets • Foreign Exchange Markets Demand-Supply Shifts • Macroeconomic Effects of Exchange Rates • Exchange Rate Policies • Government Spending • Taxation • Federal Deficits • National Debt • Fighting Recession, Unemployment, and Inflation with Fiscal Policy • Automatic Stabilizers • Discretionary Fiscal Policy Problems • Do We Need a Balanced Budget? Macroeconomics Module 9 Government Debt and Worldwide Macroeconomic Policy • Impact of Government Borrowing on Investment and Trade • Fiscal Policy, Investment, and Growth • Government Borrowing Impact on Private Saving • Fiscal Policy and Trade Balance • Worldwide Economic Diversity • Improving Worldwide Standards of Living • Causes of Worldwide Unemployment • Causes of Worldwide Inflation • Balance of Trade Concerns Macroeconomics Module 10 International Trade, Globalization, and Protectionism • Absolute Advantage • Comparative Advantage • Intra-industry Trade between Similar Economies • Benefits of Reducing International Trade Barriers • Protectionism • Effects of International Trade on Jobs, Wages, and Working Conditions • Arguments for Restricting Imports • How Trade Policy Is Enacted • Tradeoffs of Trade Policy Hide Syllabus
Course ID/# : 1371/2810286
Tuition: $695.00

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