Free Course Image Principles of Macroeconomics

Free online coursePrinciples of Macroeconomics

Duration of the online course: 19 hours and 50 minutes

New course

Learn the core concepts of macroeconomics with Missouri State Outreach’s free online course, covering comprehensive topics from Eco 155. Perfect for beginners in economics.

In this free course, learn about

  • Foundations of Economic Thinking and the PPC
  • Demand, Supply, and Market Equilibrium
  • Price Controls, Taxes, and Market Failures
  • Measuring Output and Prices: GDP and Inflation
  • Unemployment, Aggregate Demand, and Aggregate Supply
  • Keynesian Economics and Fiscal Policy
  • Money, the Federal Reserve, and Monetary Policy

Course Description

Welcome to the "Principles of Macroeconomics" course. Spanning a comprehensive 19 hours and 50 minutes, this course takes you through the foundational aspects of macroeconomic theory and practice. Part of the Basic Studies category, and more specifically within Economics, this course is perfect for those looking to delve into the macroeconomic principles that shape our world.

The series of classes, labeled from Eco 155: Principles of Macroeconomics Class 1 through Eco 155: Principles of Macroeconomics Class 34, ensures a thorough exploration of various macroeconomic concepts. Each session is meticulously designed to provide students with a solid understanding of economic theories, tools, and methods. Whether you are a beginner or have some prior knowledge in economics, this course caters to a broad spectrum of learners.

Eco 155: Principles of Macroeconomics Class 1 kicks off the course by introducing the basic concepts and framework of macroeconomics. Subsequent classes build on this foundation, with each session focusing on different vital areas in the field. Eco 155: Principles of Macroeconomics Class 2 through Eco 155: Principles of Macroeconomics Class 5 dive deeper into national income, economic output, and the pivotal role of government policies in economic stability and growth.

As you move forward, classes such as Eco 155: Principles of Macroeconomics Class 6, Class 8, and Class 10, guide you through more advanced topics like inflation, unemployment, and economic cycles. Eco 155: Principles of Macroeconomics Class 11 and beyond introduce complex dynamics of the global economy, focusing on international trade, exchange rates, and the impacts of globalization.

The latter part of the course, from Eco 155: Principles of Macroeconomics Class 12 to Class 34, is dedicated to advanced macroeconomic models and current economic issues facing the globe today. Topics such as economic growth, financial markets, and fiscal and monetary policy are thoroughly examined to give students a rounded understanding of macroeconomic theory and its practical applications.

With no reviews yet, this course offers a fresh, uncharted learning experience. It's an ideal choice for anyone serious about understanding and analyzing the economic factors that affect our lives every day.

Enrolling in this course will equip you with valuable insights and analytical skills that are essential for tackling real-world economic challenges. So, if you're looking to build a robust foundation in macroeconomics, the "Principles of Macroeconomics" course is your go-to resource for comprehensive and accessible economic education.

Course content

  • Video class: Eco 155: Principles of Macroeconomics Class 1 18m
  • Exercise: In the context of economics, which of the following statements best exemplifies positive economics?
  • Video class: Eco 155: Principles of Macroeconomics Class 2 47m
  • Exercise: Which of the following is an example of capital in economic terms?
  • Video class: Eco 155: Principles of Macroeconomics Class 3 46m
  • Exercise: In the discussion of long-run versus short-run effects in economic policy, what is an example of unintended long-run effects?
  • Video class: Eco 155: Principles of Macroeconomics Class 4 40m
  • Exercise: In the study of macroeconomics, what assumption must be maintained when analyzing the relationship between two variables, such as income and education, to correctly interpret their correlation?
  • Video class: Eco 155: Principles of Macroeconomics Class 5 46m
  • Exercise: In the context of the production possibilities curve, which situation would most likely lead to an outward shift of the curve?
  • Video class: Eco 155: Principles of Macroeconomics Class 6 46m
  • Exercise: What is the primary difference between absolute advantage and comparative advantage in economic theory?
  • Video class: Eco 155: Principles of Macroeconomics Class 8 43m
  • Exercise: In the context of macroeconomics, which of the following describes the 'substitution effect'?
  • Video class: Eco 155: Principles of Macroeconomics Class 10 41m
  • Exercise: What is the law of demand in the context of macroeconomics?
  • Video class: Eco 155: Principles of Macroeconomics Class 11 47m
  • Exercise: What concept explains why the supply curve typically slopes upward in a market?
  • Video class: Eco 155: Principles of Macroeconomics Class 12 48m
  • Exercise: In a market scenario where the price of a product is set above the equilibrium price, what economic condition is mostly expected to occur?
  • Video class: Eco 155: Principles of Macroeconomics Class 13 30m
  • Exercise: What happens when demand for jeans increases?
  • Video class: Eco 155: Principles of Macroeconomics Class 14 43m
  • Exercise: In the context of price controls, what typically happens when a price ceiling is set below the equilibrium price?
  • Video class: Eco 155: Principles of Macroeconomics Class 15 41m
  • Exercise: When a tax is imposed on a good, what is an expected outcome if the demand for the good is inelastic?
  • Video class: Eco 155: Principles of Macroeconomics Class 16 38m
  • Exercise: In the context of externalities discussed in macroeconomics, what is a potential consequence of a negative externality?
  • Video class: Eco 155: Principles of Macroeconomics Class 17 42m
  • Exercise: Which of the following goods would best be categorized as a 'club good'?
  • Video class: Eco 155: Principles of Macroeconomics Class 18 38m
  • Exercise: What is a primary distinction between nominal GDP and real GDP?
  • Video class: Eco 155: Principles of Macroeconomics Class 19 18m
  • Exercise: Gross Domestic Product (GDP) is a widely used metric for measuring the economic performance of a country. However, it has several limitations. Which of the following is NOT a problem associated with using GDP as a measure of economic activity?
  • Video class: Eco 155: Principles of Macroeconomics Class 20 43m
  • Video class: Eco 155: Principles of Macroeconomics Class 20.5 17m
  • Exercise: How does the choice of a market basket influence the calculation of real GDP?
  • Video class: Eco 155: Principles of Macroeconomics Class 21 35m
  • Exercise: Which of the following scenarios best describes 'demand-pull inflation'?
  • Video class: Eco 155: Principles of Macroeconomics Class 23 43m
  • Exercise: Which type of unemployment is considered 'bad' and should ideally be minimized to zero in an economy?
  • Video class: Eco 155: Principles of Macroeconomics Class 24 42m
  • Exercise: What will generally happen to aggregate demand if there is an increase in foreign income?
  • Video class: Eco 155: Principles of Macroeconomics Class 26 39m
  • Exercise: In the context of the Aggregate Supply-Aggregate Demand (AS-AD) model, what happens to the economy in the short run if there is an increase in aggregate demand while input prices remain fixed?
  • Video class: Eco 155: Principles of Macroeconomics Class 27 34m
  • Exercise: Which of the following best describes the role of the Federal Reserve during the decline in aggregate demand in the 1930s according to the Keynesian perspective?
  • Video class: Eco 155: Principles of Macroeconomics Class 28 40m
  • Exercise: In the Keynesian model, what is the suggested method to increase aggregate demand and move the economy towards full employment when it is below the full employment level of output?
  • Video class: Eco 155: Principles of Macroeconomics Class 29 42m
  • Exercise: In the context of the Keynesian economic model, if the marginal propensity to consume is 0.8 and there is an increase in government spending of $50 million, what is the expected total increase in income as a result of the multiplier effect?
  • Video class: Eco 155: Principles of Macroeconomics Class 31 45m
  • Exercise: Which of the following statements describes a regressive tax?
  • Video class: Eco 155: Principles of Macroeconomics Class 32 42m
  • Exercise: Which of the following best describes the concept of 'crowding out' in the context of fiscal policy?
  • Video class: Eco 155: Principles of Macroeconomics Class 33 37m
  • Exercise: Which of the following statements best explains the role of the Federal Reserve in controlling the money supply?
  • Video class: Eco 155: Principles of Macroeconomics Class 34 44m
  • Exercise: In the context of monetary policy, what is the 'interest rate effect'?

This free course includes:

19 hours and 50 minutes of online video course

Digital certificate of course completion (Free)

Exercises to train your knowledge

100% free, from content to certificate

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