Free online coursePrinciples of Macroeconomics

Course Description

Welcome to "Principles of Macroeconomics," an immersive and comprehensive online course designed to introduce you to the foundational concepts of macroeconomics. With a total duration of 14 hours and 24 minutes, this course provides an extensive examination of key economic principles, ensuring that you gain a robust understanding of the subject matter.

In this course, you will embark on an educational journey starting with the "Ten Principles of Economics," which serves as the cornerstone for understanding how economies function. This chapter lays the groundwork, offering insights into the fundamental concepts that will be explored in greater detail throughout the course.

Next, you will learn to "Think Like an Economist." This section delves into the mindset and analytical approach economists use to dissect economic issues and phenomena. By adopting this perspective, you'll be better equipped to analyze and interpret economic data and trends.

The course then progresses to "The Gains From Trade," where the benefits of trade, both domestic and international, are studied. You'll understand how trade can lead to mutual benefits for the trading parties involved and why it is a crucial element in modern economies.

One of the core aspects of the course is the two-part chapter on "Supply and Demand." These sections provide a detailed look into the mechanisms of supply and demand, explaining how these forces interact to determine prices in a market economy. You'll explore real-world applications, enhancing your practical understanding of these essential concepts.

In "International Trade," the course expands on global economic interactions. This chapter investigates the advantages and complexities of international trade, exploring how countries engage in trade and the impact it has on their economies.

Chapters focused on "Measuring the Income of a Nation" and "Measuring the Cost of Living" provide you with the tools to understand economic performance indicators like GDP and inflation. This knowledge is pivotal in assessing the economic health of a country and making informed decisions based on economic data.

Further chapters such as "Production and Growth" and "Saving, Investment, and the Financial System" focus on long-term economic growth and the role of financial institutions, respectively. These sections highlight the importance of saving and investment in driving economic development.

The course also addresses "Unemployment," where the causes and consequences of unemployment are explored. You'll learn about various types of unemployment and the policies used to mitigate them.

In the chapters on "The Monetary System," "Money Growth," and "Inflation," you’ll delve into the role of money in the economy, how it is created, and the effects of inflation. These topics are crucial for understanding monetary policy and the actions of central banks.

Finally, the course concludes with chapters on "Aggregate Demand and Aggregate Supply" and "The Influence of Monetary and Fiscal Policy." These sections bring together various macroeconomic concepts to discuss how government policies can influence economic performance.

By the end of this course, you'll have a solid foundation in macroeconomics, enabling you to understand and engage with economic news, policies, and trends critically. Join us in this enlightening journey into the world of macroeconomics and equip yourself with the knowledge to navigate and comprehend the complexities of the global economy.