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Basics of Macroeconomics

Macroeconomic Issues and Polices
4.4 (5 ratings)
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Last updated 7/2016
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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 is the target audience?
  • Materials of this course are suitable for learners of any discipline
  • students of both of economics and business will be benefited from the course
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What Will I 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
View Curriculum
  • No specific prerequisites are necessary
  • All concepts are introduced slowly and gradually, but the attitude of analytical thinking is important
Curriculum For This Course
Expand All 20 Lectures Collapse All 20 Lectures 01:14:12
Section A
5 Lectures 18:57

An overview of the course

Preview 02:12

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

Preview 03:35

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

Preview 03:52

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

Preview 04:43

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
5 Lectures 20:34

Gross National Product and its properties

Gross National Product (GNP)

Definition of GDP and its properties

Gross Domestic Product (GDP)

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


Distinguish between nominal and real GNP/GDP

Preview 03:45

Why is it important to know real GNP/GDP?

Importance of Real GNP

How can you measure GNP from GDP?
1 question
Aggregate Demand and Keynesian Model of Nation Income Determination
4 Lectures 16:43

What is aggregate demand? What are its components?

Aggregate Demand

Consumption function in graph and equation

Consumption Function

How can we derive the aggregate demand curve?

Derivation of Aggregate Demand Curve

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

Keynesian Model of Income Determination
Demand Management Policies
6 Lectures 17:58

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

Demand Management Policies

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

Fiscal Policy: Definition & Types

Effects of fiscal policy on unemployment and inflation.

Effects of Fiscal Policy

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

Monetary Policy: Definition & Types

How is interest rate determine din the money market?

Effects of monetary policy in the money market.

Money Market Equilibrium

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

Effects of Monetary Policy

Demand Management Policies
1 question
About the Instructor
4.6 Average rating
16 Reviews
2,125 Students
3 Courses

I am a practicing academician of Economics at IIUC and currently working as a fellow of the Scientific and Technological Research Council of Turkey (TUBITAK). I have more than 10 years of teaching experiences both at undergraduate (BBA) and post graduate (MBA) levels. I am extremely passionate in teaching and thus here to share my teaching experiences with students worldwide.

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