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Learn the fundamentals of macroeconomics with this free online course. Topics include supply and demand, international trade, inflation, unemployment, and more.
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.
Video class: Chapter 1: Ten Principles of Economics
0h53m
Exercise: The concept of scarcity in economics primarily refers to which of the following?
Video class: Chapter 2: Thinking Like an Economist
0h23m
Exercise: In the context of economic modeling explained in the text, what is the purpose of using a simplified model like the circular flow diagram or the production possibilities frontier?
Video class: Chapter 3: The Gains From Trade
1h11m
Exercise: What principle explains why two countries, such as the US and Mexico, can both benefit from trading even if one of them can produce all goods more efficiently than the other?
Video class: Chapter 4: Supply and Demand - Part 1
0h48m
Exercise: In a perfectly competitive market, what is typically true about prices?
Video class: Chapter 4: Supply and Demand - Part 2
1h03m
Exercise: In the context of determinants of demand, how can consumer expectations about future prices influence current demand for a product?
Video class: Chapter 9: International Trade
1h01m
Exercise: What is the primary economic rationale for supporting free trade according to most economists?
Video class: Chapter 23: Measuring the Income of a Nation
0h52m
Exercise: Which of the following components is NOT a part of the calculation for Gross Domestic Product (GDP)?
Video class: Chapter 24: Measuring the Cost of Living
0h52m
Exercise: What does the Consumer Price Index (CPI) aim to measure?
Video class: Chapter 25: Production and Growth
0h57m
Exercise: What is the rule of 72 used for in economics?
Video class: Chapter 26: Saving, Investment and the Financial System
0h50m
Exercise: What is one role of the financial system in an economy?
Video class: Chapter 28: Unemployment
0h56m
Exercise: What is the main reason why the unemployment rate might not fully capture the actual state of unemployment in the economy?
Video class: Chapter 29 - The Monetary System
1h01m
Exercise: In the context of the Federal Reserve's role in the United States, what is a primary tool it uses to manage the money supply?
Video class: Chapter 30 - Money Growth, and Inflation
1h12m
Exercise: What is the fundamental cause of inflation according to the Quantity Theory of Money discussed in this chapter?
Video class: Chapter 33: Aggregate Demand and Aggregate Supply
1h43m
Exercise: What does the short-run aggregate supply curve represent in the aggregate demand and aggregate supply model?
Video class: Chapter 34: The Influence of Monetary and Fiscal Policy
0h35m
Exercise: What is the primary reason the aggregate demand curve slopes downward?
Welcome to our comprehensive list of free Macroeconomics courses, a subcategory of Economics. Whether you're a student, a professional, or simply someone with a keen interest in understanding the broader economic factors that influence our world, these courses offer valuable insights without any cost. Dive into the study of national economies, fiscal policies, inflation, and more with these expertly curated courses.
Macroeconomics is essential for understanding the large-scale economic factors that impact nations and the global economy. From GDP growth and unemployment rates to fiscal and monetary policies, macroeconomics provides the tools to analyze and interpret economic trends and policies. By studying macroeconomics, you can gain a deeper understanding of how economic forces shape our world, making it a crucial subject for anyone interested in economics, finance, or public policy.
Getting started with these free macroeconomics courses is easy. Simply click on the course links provided, sign up on the respective platforms, and start learning. Most courses offer flexible schedules, allowing you to learn at your own pace. Additionally, many platforms provide certificates upon completion, which can be a valuable addition to your professional portfolio.
Expand your understanding of the economic forces that shape our world with these free macroeconomics courses. Whether you're looking to build a solid foundation in macroeconomics or seeking to deepen your knowledge with advanced topics, these courses offer a wealth of information and insights. Start your learning journey today and gain the skills and knowledge to analyze and interpret economic trends and policies effectively.
Don't miss out on these opportunities to learn from top institutions and platforms without any cost. Explore our list of free macroeconomics courses and take the first step towards mastering this crucial field of study.
14 hours and 24 minutes of online video course
Exercises to train your knowledge
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