Course Highlights
  • GDP and well-being: How do we measure progress? Are those measures enough?
  • The changing labor market: digitization, unemployment trends,and the minimum wage
  • Sustainable investment principles
  • Theories of business investment and how these relate to consumption and saving
  • New economic principles which internalize social capital and environmental impact
Curriculum

5 Topics
Introduction
Macroeconomic Pathologies
21st Century Perspectives on Macroeconomics
International Comparisons of Income
GDP & Well-Being

5 Topics
Full-Employment Economy
Deriving GDP | Part I
Deriving GDP | Part II
Labor & Saving | Part I
Labor & Saving | Part II

6 Topics
Economic Growth
Partial-Employment Economy
Business Cycles
Aggregate Demand Management
Problems with Aggregate Demand Management
Output Determination in the IS-LM Model

3 Topics
Labor Markets Concepts Definitions & Groups
Labor Market Institutions: Minimum Wages Unionization & Contracts
Costs of Unemployment Digitization of Labor Informality & Underemployment

4 Topics
Money vs. Barter: History & Concepts
Money Demand
Money Supply: the Role of the Central Bank
The Central Bank: New Approaches to Monetary Policy

5 Topics
Exchange Rate Arrangements
PPP & Interest Rate Arbitrage
The Real Exchange Rate & the Role of Non-Traded Goods
Monetary Policy: Fixed & Floating Exchange Rates
Currency Crises

6 Topics
Bank Runs & Panics | Part I
Bank Runs & Panics | Part II
Preventing Bank Runs
Bubbles & Crashes
Managing Insolvencies
When Governments Go Broke

4 Topics
Inflation the Fiscal Deficit & Seigniorage
The Costs of Inflation
Inflation Unemployment & the Phillips Curve
Stabilization Themes

5 Topics
Consumption Saving & the Intertemporal Budget Constraint
Permanent Income Consumption Theory
Life Cycle Model of Consumption & Saving
Investment
Basic Theory of Business Investment

4 Topics
Budget Public Revenues & Expenditures
Saving Investment the Fiscal Deficit & Management of Public Debt
Interactions Between Public & Private Sectors
Fiscal Institutions & Policies

5 Topics
Aggregate Demand in an Open Economy
Aggregate Demand with a Flexible Exchange Rate
Aggregate Demand with a Fixed Exchange Rate
The Current Account & External Indebtedness
The Intertemporal Budget Constraint of a Country

5 Topics
Economic Growth in History Patterns & Sectors
Sources of Economic Growth
Solow’s Growth Convergence Model
Growth & Inequality
Growth Traps

5 Topics
What is Globalization?
Development of the Global Economic System
Globalization of Population Systems
Crises of Poverty & Inequality
Challenge of Sustainable Development

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SDGAcademyX: Macroeconomics for a Sustainable Planet

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