Free ebookMacroeconomics for Beginners: GDP, Inflation, Unemployment, and Growth

Course Description

Macroeconomics for Beginners: GDP, Inflation, Unemployment, and Growth is a practical ebook course in basic studies and economics that helps you understand how the economy works and how to read the data behind everyday headlines. If you have ever wondered why prices rise, why jobs are created and lost, or what GDP really says about living standards, this course gives you a clear starting point with real world relevance.

You will learn to see the economy as a system of flows and decisions, connecting households, firms, government, and financial markets. The course explains GDP and economic output in plain language, including what GDP measures well and what it can miss, then builds your skills with nominal vs real GDP so you can separate price changes from true growth. You will also understand inflation basics, what rising prices mean for purchasing power, and how inflation is measured through CPI and PCE, including the practical measurement issues that affect interpretation.

As you progress, you will make sense of unemployment and labor market indicators, learning the key definitions, rate calculations, and the tradeoffs that come with different measures. You will explore why unemployment changes through job flows, frictions, and the difference between cyclical vs structural forces. The ebook then connects these ideas to business cycles, showing how expansions and recessions unfold and which indicators tend to move first or confirm a turning point.

To tie the story together, you will use a simple aggregate demand and aggregate supply framework to think about output and inflation at the same time. You will see how fiscal policy works through government spending, taxes, deficits, and stabilization debates, and how monetary policy and interest rates are used by central banks to manage inflation and employment. Finally, the course clarifies long run economic growth by focusing on productivity, capital, labor, and living standards, so you can build durable economic intuition.

By the end, you will be able to interpret key macroeconomic releases and turn raw numbers into meaningful narratives for study, work, and personal decision making. Start the course today and build confident macroeconomics fundamentals you can apply immediately.