Basics Of Macroeconomics

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Macroeconomic Issues and Polices

Last updated 2022-01-10 | 3.3

- learn the basic concepts of macroeconomics
- capable of interpreting and evaluating media reports on the macroeconomy
- formulate macroeconomic policy suggestions

What you'll learn

learn the basic concepts of macroeconomics
capable of interpreting and evaluating media reports on the macroeconomy
formulate macroeconomic policy suggestions
analyze the effects of various policy measures taken by government and central bank

* Requirements

* No specific prerequisites are necessary
* All concepts are introduced slowly and gradually
* but the attitude of analytical thinking is important

Description

The course is divided into four sections.

In section A, we shall define Macroeconomics and try to understand the major issues of macroeconomics like unemployment, inflation and economic growth.

Section B will give you idea about various concepts of national income like GNP and GDP, and the significance of their measurement in nominal and real forms will be discussed with particular examples.

Aggregate demand and Consumption function are core concepts in Macroeconomics which will be discussed in section C, following which we shall examine the national income determination process in the Keynesian model.

And in the final section, that is, in section D, we shall deal with the most important part of the course ‘Demand Management Policies’. In this section, various policy effects of the government or of central bank will be addressed with necessary illustrations.

Who this course is for:

  • Materials of this course are suitable for learners of any discipline
  • students of both of economics and business will be benefited from the course

Course content

4 sections • 22 lectures

Section A 5 lectures

Introduction Preview 02:12

An overview of the course

Macroeconomics: Definition Preview 03:35

Macroeconomics is defined distinguishing it from Microeconomics along with its major issues

Economic Growth & Growth Rate Preview 03:52

What does economic growth mean? How can we measure it?

Inflation Preview 04:43

What is Inflation? Is inflation always bad? Who gains from inflation? And, who loses?

Unemployment Preview 04:35

What is unemployment? How is unemployment rate measured? What are the different forms of unemployment? What are the costs of unemployment?

Measures of National Income 6 lectures

Gross National Product (GNP) Preview 05:03

Gross National Product and its properties

Gross Domestic Product (GDP) Preview 01:56

Definition of GDP and its properties

GNP VS GDP Preview 05:59

The difference between GNP & GDP. How can we get GNP from GDP?

Nominal & Real GNP/ GDP Preview 03:45

Distinguish between nominal and real GNP/GDP

Importance of Real GNP Preview 03:51

Why is it important to know real GNP/GDP?

How can you measure GNP from GDP?


Aggregate Demand and Keynesian Model of Nation Income Determination 4 lectures

Aggregate Demand Preview 03:32

What is aggregate demand? What are its components?

Consumption Function Preview 05:45

Consumption function in graph and equation

Derivation of Aggregate Demand Curve Preview 02:42

How can we derive the aggregate demand curve?

Keynesian Model of Income Determination Preview 04:44

How is equilibrium national income is determined in the Keynesian model?

Demand Management Policies 7 lectures

Demand Management Policies Preview 01:09

What is Demand Management Policy? What are its different types?

Fiscal Policy: Definition & Types Preview 03:13

What is fiscal policy? How is it Exercised? What are the different types of fiscal policy?

Effects of Fiscal Policy Preview 03:15

Effects of fiscal policy on unemployment and inflation.

Monetary Policy: Definition & Types Preview 04:05

What is monetary policy? How is it executed? What are the different types of monetary policy?

Money Market Equilibrium Preview 03:12

How is interest rate determine din the money market?

Effects of monetary policy in the money market.

Effects of Monetary Policy Preview 03:04

When should we take expansionary monetary policy? When is contractionary monetary policy suitable?

Demand Management Policies