Course Highlights
  • A love of Economics that I hope is contagious!
  • This Course is an Ideal Companion to any Introductory Economics Class in the World!
  • A thorough understanding of the main principles of Macroeconomics
  • A thorough understanding of Gross Domestic Product and the ways we measure Economic Growth
  • A thorough understanding of Low and Stable Rate of Inflation
  • A thorough understanding of Low Unemployment
  • A thorough understanding of Economic Growth
  • A thorough understanding of Equity in the Distribution of Income
  • A thorough understanding of Fiscal and Monetary Policy
  • A thorough understanding of Demand-Side and Supply-Side Management Policies
  • A better understanding of Global Politics - as Economics is the backbone of all political thought
Curriculum

1 Topic
Welcome to Macroeconomics! Introduction and Overview

15 Topics
Lesson 1: Introduction to Foundations of Macroeconomics
Lesson 2: The Circular Flow of Income Model
Lesson 3: Gross Domestic Product and Friends
Lesson 4: How is National Income Measured?
Lesson 5: Gross Domestic Product (GDP) vs Gross National Product (GNP)
Lesson 6: Gross National Income (GNI) vs Net National Income (NNI)
Lesson 7: Nominal GDP vs Real GDP
Lesson 8: GDP per Capita
Study Break!
Lesson 9: Green GDP
Lesson 10: Why Are National Income Statistics Gathered?
Lesson 11: Limitations on National Income Statistics
Lesson 12: The Business Cycle
Closing Remarks: Foundations of Macroeconomics
Unit 1: Foundations of Macroeconomics

14 Topics
Lesson 1: Introduction to Aggregate Demand (AD)
Lesson 2: Aggregate Demand: The Components of AD
Lesson 3: Aggregate Demand and Fiscal Policy
Lesson 4: Aggregate Demand and Monetary Policy
Lesson 5: Introduction to Aggregate Supply
Lesson 6: The Short-Run Aggregate Supply Curve (SRAS)
Lesson 7: The Long-Run Aggregate Supply Curve (LRAS)
Lesson 8: The Long-Run: Neoclassical View
Study Break!
Lesson 9: The Long-Run: Keynesian View
Lesson 10: Interventionist Supply-Side Policies
Lesson 11: Market Based Supply-Side Policies
Closing Remarks: Aggregate Demand and Aggregate Supply
Unit 2: Aggregate Demand and Aggregate Supply

8 Topics
Lesson 1: Introduction to Macroeconomic Equilibrium
Lesson 2: The Neoclassical Macroeconomic Diagram: "The Rule of 10"
Lesson 3: The Keynesian Macroeconomic Diagram: "The Rule of 9"
Lesson 4: Understanding Keynesian Logic: A Silly But Useful Metaphor
Lesson 5: The Neoclassical Perspective on Macroeconomics
Lesson 6: The Keynesian Perspective on Macroeconomics
Closing Remarks: Macroeconomic Equilibrium
Unit 3: Macroeconomic Equilibrium

11 Topics
Lesson 1: Introduction to Low Unemployment
Lesson 2: The Labor Market Diagram
Lesson 3: Types of Unemployment
Lesson 4: Distribution and Costs of Unemployment
Lesson 5: Expressing Demand-Deficient (Cyclical) Unemployment on a Diagram)
Study Break!
Lesson 6: Government Solutions to Unemployment
Lesson 7: Demand-Side or Supply-Side Solutions to Unemployment?
Lesson 8: Crowding Out
Closing Remarks: Low Unemployment
Unit 4: Low Unemployment

12 Topics
Lesson 1: Introduction to Low and Stable Rate of Inflation
Lesson 2: Degrees of Inflation
Lesson 3: Costs of Inflation
Lesson 4: Deflation
Lesson 5: Measuring Inflation
Lesson 6: Issues with Measuring Inflation
Lesson 7: Demand-Pull Inflation
Lesson 8: Cost-Push Inflation
Lesson 9: Inflationary Spiral
Lesson 10: Government Solutions to Reducing Inflation
Closing Remarks: Low and Stable Rate of Inflation
Unit 5. Low and Stable Rate of Inflation

5 Topics
Lesson 1: Introduction to Economic Growth
Lesson 2: Showing Economic Growth on a Diagram
Lesson 3: Positive and Negative Impact of Economic Growth
Closing Remarks: Economic Growth
Unit 6: Economic Growth

11 Topics
Lesson 1: Introduction to Equity in the Distribution of Income
Lesson 2: Equity vs. Equality
Lesson 3: Absolute Poverty vs. Relative Poverty
Lesson 4: The Lorenz Curve
Lesson 5: The Gini Coefficient
Study Break!
Lesson 6: Taxes and Equity in the Distribution of Income
Lesson 7: Transfer Payments
Lesson 8: Evaluation of Equity in the Distribution of Income Policies
Closing Remarks: Equity in the Distribution of Income
Unit 7: Equity in the Distribution of Income

9 Topics
Lesson 1: Introduction to Fiscal Policy
Lesson 2: The Government Budget
Lesson 3: Expansionary Fiscal Policy
Lesson 4: Contractionary Fiscal Policy
Lesson 5: Automatic Stabilizers
Lesson 6: Supply-Side Impact of Fiscal Policy
Lesson 7: Evaluating Fiscal Policy
Closing Remarks: Fiscal Policy
Unit 8: Fiscal Policy

13 Topics
Lesson 1: Introduction to Monetary Policy
Lesson 2: The Money Supply
Lesson 3: The Money Market Diagram
Lesson 4: The Demand for Money and Interest Rates
Lesson 5: The Supply of Money and Interest Rates
Lesson 6: Monetary Policy and Aggregate Demand
Lesson 7: Expansionary Monetary Policy
Lesson 8: Contractionary Monetary Policy
Lesson 9: Fractional Banking
Lesson 10: Tools of Monetary Policy
Lesson 11: Evaluating Monetary Policy
Closing Remarks: Monetary Policy
Unit 9: Monetary Policy

5 Topics
Lesson 1: Introduction to Supply-Side Policies
Lesson 2: Interventionist Supply-Side Policies
Lesson 3: Market Based Supply-Side Policies
Closing Remarks: Supply-Side Policies
Unit 10: Supply-Side Policies

1 Topic
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Macroeconomics: A Comprehensive Economics Course

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