The Macroeconomics

Explaining the fundamentals of the national economy

Last updated 2022-01-10 | 4.2

- GDP and national income accounting
- Aggregate demand and aggregate supply model
- Government's macroeconomic objectives

What you'll learn

GDP and national income accounting
Aggregate demand and aggregate supply model
Government's macroeconomic objectives
Macroeconomic policies
Examples of how to apply economic ideas and theories to real word scenarios

* Requirements

* Be curious about the world around you!

Description

Disorientated by deflation? Unclear about unemployment? Muddled by monetary policy? You're in the right place. This comprehensive introduction to macroeconomics will transform you from a novice to a master.  Economics can be an intimidating, jargon heavy and abstract discipline - this course will break out of these stereotypes with clear explanations, relevant examples and helpful visuals

This course will cover the following topics:

  • GDP and the basics of national income accounting

  • Aggregate demand and aggregate supply

  • Government macroeconomic objectives

  • Macroeconomic policies.

  • Application of economic theory to real world scenarios

Each topic is taught in a series of short presentations that are delivered in an engaging style, supported with clear diagrams and images designed to aid understanding. Each section ends with a quiz created to test your understanding of what you have just learnt.

By the end of the course, you will have mastered an array of important topic areas within macroeconomics. This will put you in a strong position to fully comprehend any historical or contemporary macroeconomic issues. This could aid you professionally, help your study of other related disciplines (such as business or history) or just satisfy your natural curiosity about the world around you.

As as Economics teacher with over ten years experience in the classroom, an Economics degree from a top UK university and experience as an Economics examiner; I'm ideally placed to deliver this course. I've used all of my teaching know how to design this course in a way that will maximise student learning. Topics are delivered sequentially with each lesson building on the previous one so that no prior knowledge is required before taking the course. I'm aware of common misconceptions that students have and I deal with these explicitly throughout the course.

Furthermore, I'm aware that Economics is a subject best understand in the context of the real world. So I've included plenty of interesting and relevant examples in each section. Furthermore, the final section is entirely focused on the real world application of economic theories.


Who this course is for:

  • Professionals who come across macroeconomic issues as part of their work
  • Enthusiastic individuals or students of other disciplines that are curious about macroeconomics

Course content

5 sections • 50 lectures

Course introduction Preview 01:38

Introduction to section one Preview 00:53

What is GDP and why it is important? Preview 05:33

The nuts and bolts of national income accounting Preview 05:50

Calculating real GDP Preview 04:39

Limitations of GDP Preview 06:21

Well done on completing section one! Preview 00:53

End of section quiz

Complete this quiz to test your understanding of GDP.

Introduction to section two. Preview 00:34

Aggregate demand Preview 07:35

New classical mode: SRAS Preview 04:42

New classical model: Equilibrium Preview 06:12

New classical model: LRAS Preview 06:22

Keynesian AS Preview 04:15

Comparing the new classical and Keynesian models Preview 04:01

Shifts in LRAS Preview 06:54

Well done on completing section two! Preview 00:54

Section two quiz

Complete this quiz to test your understanding of the AD/AS model.

Introduction to section three Preview 00:41

Introducing the government objectives Preview 02:37

Economic growth: causes Preview 05:55

Economic growth & the business cycle Preview 03:26

Economic growth: Consequences Preview 03:30

Unemployment: Causes Preview 06:10

Unemployment consequences Preview 03:28

Inflation: Causes Preview 03:05

Inflation: Consequences Preview 06:09

Deflation Preview 02:59

Phillips Curve Preview 06:04

Well done on completing section three! Preview 00:36

Section three quiz

Complete this quiz to test your knowledge of the government's macroeconomic objectives.

Introduction to section four Preview 00:37

Introducing macroeconomic policy Preview 02:32

Fiscal policy Preview 08:28

Fiscal policy and the multiplier Preview 06:10

Fiscal policy and the budget Preview 08:19

Limitations of fiscal policy Preview 06:06

Monetary policy Preview 08:23

Central bank independence and inflation targeting Preview 04:28

Limitations of monetary policy Preview 05:32

Interventionist supply side policies Preview 06:39

Market based supply side policies Preview 03:08

Limitations of supply side policies Preview 03:06

Well done on completing section four! Preview 01:01

Section four quiz

Complete this quiz to test your knowledge of macroeconomic policies.

Introduction to section five Preview 00:40

UK fiscal policy since 2010 Preview 07:14

Productivity puzzle Preview 06:01

Coronavirus Preview 07:02

Well done on completing section 5 and the whole course! Preview 01:19