Understanding Macroeconomics for University and Business
4.6 (28 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.
207 students enrolled
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Understanding Macroeconomics for University and Business

Explaining the economics of fiscal policy, money creation, and monetary policy
4.6 (28 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.
207 students enrolled
Last updated 3/2016
English
Current price: $12 Original price: $25 Discount: 52% off
30-Day Money-Back Guarantee
Includes:
  • 2.5 hours on-demand video
  • 26 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
saifedean
What Will I Learn?
Understand macroeconomics
Understand economic policy-making
Make business decisions informed by knowledge of the state of the macroeconomy
View Curriculum
Requirements
  • Come with an open mind!
  • Basic high school level mathematics.
Description

People generally have a hard time understanding macroeconomics, but after 7 years of teaching this course at university level, I have mastered the best ways of explaining its concepts for students to be able to understand them and relate them to the real world.

This course is ideal for university students who are struggling to make sense of their textbooks and lectures, and will allow them to get better grades.

This course is also ideal for professionals and citizens who want to better understand the economic concepts they deal with in work and daily life, such as inflation, unemployment, monetary policy, and fiscal policy. This course will help you understand questions such as: Why does the government engage in expansionary fiscal policy? What is the motivation behind reducing taxes? What are the implications of a drop in interest rates? What determines the money supply? After taking this course, you will be able to better understand how macroeconomic events impact your life, and can make better-informed decisions.

The course is composed of 12 lectures, totaling 2 hours and 40 minutes of video. Each lecture will come with detailed lecture notes that emphasize and explain the main ideas. There will also be several practice problems for students to complete. For best results, students are urged to read the notes, watch the video, re-read the notes, and then solve the practice problems.

Who is the target audience?
  • University students who want to understand macroeconomics
  • Professionals who want to understand how macroeconomics impacts their work.
  • Citizens who want to understand government economic policy.
Curriculum For This Course
Expand All 12 Lectures Collapse All 12 Lectures 02:40:06
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Core Concepts
3 Lectures 36:45

This lecture introduces the course, defines macroeconomics, and explains what differentiates it from microeconomics. 

Preview 06:43

What is economic output and how do macroeconomists measure it? What is the difference between GDP and GNP? What is the difference real GDP and nominal GDP? What GDP is and what GDP is not.

2: Measuring Economic Output
14:45

What is unemployment, and how is it measured? Who exactly counts as unemployed? What is inflation, and what are the problems with it? What is deflation? What is hyperinflation?

3: Unemployment & Inflation
15:17
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Macroeconomic Theory & Equilibrium
9 Lectures 02:03:21

We outline the Keynesian conception of consumption, investment, and saving.

4: Consumption & Investment
09:37

This lecture specifies the Keynesian equilibrium and the conditions by which it is identified. What do firms do when the economy is in equilibrium and when it is not in equilibrium?

5: Equilibrium
13:11

In this lecture we discuss the multiplier effect: What is the impact on equilibrium output when there are changes in 1- consumption, 2-investment, and 3- savings. 

6: The Multiplier
13:08

What is fiscal policy? What are the new terms of the equilibrium when we introduce government fiscal policy into the macroeconomic model? How can the government affect the economy with fiscal tools?

7: Government and Fiscal Policy
15:23

What is money? What are the functions of money? Discussing money's role as a medium of exchange, store of value, and unit of account. What is the money supply? How can the money supply be measured? Discussing M1 and M2.

8: Money
13:49

How does the banking system create money? How does bank lending create new money supply? How does the central bank control banks' creation of money. What are the tools of monetary policy.

Preview 20:39

What is the interest rate? How is the interest rate determined in the money market? What is the relationship between the interest rate and the money supply?

10: Interest Rate
11:46

The aggregate equilibrium as defined by the aggregate output and the aggregate price level.

The effects of monetary and fiscal policy on aggregate equilibrium.

11: Aggregate Output & the Price Level
13:21

What are the major macroeconomic problems, what causes them, and how can they be addressed by government policy?

What causes recessions, and how can the central bank and government fix unemployment? 

What causes inflation, and how can the central bank and government fix it?

What causes hyperinflation, and how can the central bank and government fix it?

What causes stagflation, and how can the central bank and government fix it?

12: Macroeconomic Policy and Equilibrium
12:27
About the Instructor
Dr. Saifedean Ammous
4.6 Average rating
28 Reviews
207 Students
1 Course
Economics Professor

Assistant Professor of Economics at the Lebanese American University and Visiting Scholar at the Columbia University Center on Capitalism and Society.
Holds a PhD in Sustainable Development from Columbia University, an MSc in Development Management from London School of Economics, and a Bachelor of Mechanical Engineering from the American University of Beirut.