Basics of Macroeconomics
4.2 (7 ratings)
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Basics of Macroeconomics

Macroeconomic Issues and Polices
4.2 (7 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
1,068 students enrolled
Created by Abdullahil Mamun
Last updated 7/2016
English
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Includes:
  • 1 hour on-demand video
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
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
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 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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Curriculum For This Course
Expand All 20 Lectures Collapse All 20 Lectures 01:14:12
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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?

Unemployment
04:35
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Measures of National Income
5 Lectures 20:34

Gross National Product and its properties

Gross National Product (GNP)
05:03

Definition of GDP and its properties

Gross Domestic Product (GDP)
01:56

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

GNP VS GDP
05:59

Distinguish between nominal and real GNP/GDP

Preview 03:45

Why is it important to know real GNP/GDP?

Importance of Real GNP
03:51


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

What is aggregate demand? What are its components?

Aggregate Demand
03:32

Consumption function in graph and equation

Consumption Function
05:45

How can we derive the aggregate demand curve?

Derivation of Aggregate Demand Curve
02:42

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

Keynesian Model of Income Determination
04:44
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Demand Management Policies
6 Lectures 17:58

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

Demand Management Policies
01:09

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

Fiscal Policy: Definition & Types
03:13

Effects of fiscal policy on unemployment and inflation.

Effects of Fiscal Policy
03:15

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

Monetary Policy: Definition & Types
04:05

How is interest rate determine din the money market?

Effects of monetary policy in the money market.

Money Market Equilibrium
03:12

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

Effects of Monetary Policy
03:04

Demand Management Policies
1 question
About the Instructor
Abdullahil Mamun
4.2 Average rating
23 Reviews
2,638 Students
4 Courses
Academician

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.