Macroeconomics is concerned with the economy as a whole, focusing on economic aggregates such as the total output of goods and services, inflation, and unemployment.

US$73 per 365 days

 

Introduction to Macroeconomics:

Economics is traditionally divided into two broad areas − microeconomics and macroeconomics. Microeconomics is concerned with the behavior of individual consumers, firms, industries, and markets. For example, a microeconomist may study the market for smartphones and develop a model explaining the factors that underly demand, supply, and market price.

However, modern economies are highly complex entities, comprising many consumers, firms, industries, and markets that make billions of economic decisions on consumption and production every year. These decisions and their interactions determine the overall level of economic activity. The complexity of this decision-making process is such that we cannot hope to describe the economy in every detail. Hence, the need for macroeconomists to abstract from much of this detail by using models that highlight the most important relationships in the economy.

Why it is important:

Macroeconomics is concerned with the economy as a whole, focusing on economic aggregates such as the total output of goods and services, inflation, and unemployment. Goods such as smartphones, automobiles, food, and clothing are aggregated into a single good called the economy's output (or GDP, as it's better known). Likewise, individual prices for these goods are averaged into an economy-wide price level that we refer to as inflation.

While there is some necessary theory in this course, the emphasis where possible is on the practical applications of various economic concepts.

Those of you with limited or no knowledge of macroeconomics will discover a course that provides a solid grounding in the key topics, while the more experienced among you can use the course as a refresher for some fundamental concepts.

What will you learn:

  1. Know the basics of GDP
  2. Understand how to measure GDP as Income, Expenditure & Output
  3. What is Real vs. Nominal GDP
  4. Theory of Income Determination
  5. Understand the basics of Inflation, what causes inflation & it’s impacts
  6. Unemployment theories, basics, costs & types
  7. Balance of Payments components and the balancing act
  8. Monetary Policy and the Economy

Target audience:

Recruits to banking and financial institutions, trainee dealers and traders, research desks, operations and support staff, systems and IT personnel, sales, and marketing executives.

Curriculum:

  1. GDP Basics
  2. GDP Measuring GDP as Expenditure
  3. GDP Measuring GDP as Income
  4. GDP Measuring GDP as Output
  5. GDP Real versus Nominal GDP
  6. GDP Theory of Income Determination (Part 1)
  7. GDP Theory of Income Determination (Part 2)
  8. GDP The GDP Multiplier
  9. Inflation Basics
  10. Inflation Consumer Price Indexes
  11. Inflation Causes
  12. Inflation Actual versus Unexpected Inflation
  13. Inflation Costs
  14. Unemployment Basics
  15. Unemployment Costs
  16. Unemployment Types
  17. Unemployment Theories
  18. Balance of Payments Components
  19. Balance of Payments The Balancing Act
  20. Balance of Payments Funding a Deficit
  21. Fiscal Policy Basics
  22. Fiscal Policy and GDP
  23. Fiscal Policy Funding a Budget Deficit
  24. Fiscal Policy as a Macroeconomic Tool
  25. Monetary Policy Basics
  26. Monetary Policy Evolution to Inflation Targeting
  27. Monetary Policy Tools
  28. Monetary Policy and the Economy

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