IIRF Online > Finance & Accounting > Economics > Macroeconomics > Macroeconomics: Foundations and Insights
Macroeconomics: Foundations and Insights by Coursera
Course Highlights
- Examine macroeconomic variables, estimation, and their interpretation in a real-world context.
- Evaluate the conceptual macroeconomic frameworks and analytical tools to understand the working of an open economy.
- Elaborate the working of fiscal and monetary policy and the institutional context in a developing economy.
Skills you will learn!
Curriculum
12 Topics
Course Introduction
From Micro to Macroeconomics
Economy Economic Agents Factors of Production and Different Markets
Business Cycles Trend Growth and Output Gap
Circular Flow of Income
Economic Stability and Determinants of Economic Growth
Time Horizons: Significance and Policy Concerns in Macroeconomics
Course Overview
Essential Reading: Introduction to Macroeconomics: Concepts and Terminologies
Graded Quiz: Introduction to Macroeconomics: Concepts and Terminologies
From Micro to Macroeconomics
Economic Stability and Growth
13 Topics
Estimating GDP: The Three Methods
Inflation
Employment and Unemployment
Exports Imports and Balance of Payments
Government Revenues Expenditure Deficit and Public Deficit
Using Indicators in Macroeconomic Analysis
National Income Accounting
GDP as a Measure of Economic Activity and Well-Being
Essential Reading: Estimating Macroeconomic Indicators and National Income Accounting
Graded Quiz: Estimating Macroeconomic Indicators and National Income Accounting
Estimating Macroeconomic Indicators
National Income Accounting
GDP as a Measure of Economic Activity and Well-Being
12 Topics
Genesis of Shape and Shifts Overtime
Determination of Output: The Classical and the Keynesian Case
The Synthesis and Its Implications for Policy
Relationship between Inflation and Unemployment: The Phillips Curve
Stagflation and the Role of Expectations
Deriving the Aggregate Supply Curve
Cost of Inflation and Unemployment to the Economy and People
Essential Reading: Aggregate Supply and Demand: Theory and Evidence
Graded Quiz: Aggregate Supply and Demand: Theory and Evidence
Aggregate Supply and Demand Schedules
Evidence in Support of the Aggregate Supply Schedule
Cost of Inflation and Unemployment
10 Topics
Aggregate Demand and Components
Private Consumption
Savings and Investment
Government Sector
Income and Government Expenditure Multiplier
External Demand or Net Exports
Money Market: Stock of Money and Demand for Money
Essential Reading: Aggregate Demand
Graded Quiz: Aggregate Demand
Aggregate Demand
12 Topics
Goods Market and IS Curve
Money Market and LM Curve
IS and LM Equilibrium and Policy Implications
Derivation of Aggregate Demand Schedule
Fiscal Policy
Monetary Policy
The Role of Central Bank
Essential Reading: Money Interest Rate and Income
Graded Quiz : Money Interest Rate and Income
Goods and Money Market
Fiscal Policy
Monetary Policy and the Monetary Authority
12 Topics
International Monetary System: Evolution Over Time
Exchange Rate Regimes and Foreign Exchange Reserves
External Sector in Aggregate Demand
Capital Flows and External Balance
Fiscal and Monetary Policy in an Open Economy
Global Financial Crisis
COVID-19 Pandemic
Essential Reading: External Sector and Open Economy Macroeconomics
Recommended Reading: External Sector and Open Economy Macroeconomics
Graded Quiz: External Sector and Open-Economy Macroeconomics
External Sector Transactions
Analyzing the Policy Response Using Case Studies
11 Topics
From Import Substitution to Export Promotion Strategy
Redistribution and Growth: Basic Minimum Needs Approach
Structural Adjustment and Stabilization Program: The Washington Consensus
Human Development Approach
From MDGs to SDGs
Return of the State in an Era of Globalization
From Orthodox to Heterodox Macroeconomics: Objectives and Policy Options
Recommended Reading: Evolution of Development Thinking
Course Wrap-up
Graded Quiz: Macroeconomic Debates and Evolution of Development Thinking
Evolution of Development Thinking
Macroeconomics: Foundations and Insights
Related Macroeconomics Courses
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