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Available courses

Macro Economics

Course Title: Macroeconomics

Course Description:

This course introduces students to the key concepts and principles of macroeconomics, focusing on the behavior of the overall economy rather than individual markets. Students will explore how national economies function, examining the role of government, businesses, and households in influencing economic outcomes. The course covers important topics such as national income, inflation, unemployment, economic growth, and fiscal and monetary policy.

Key Topics Include:

  • National Income and Output: Understanding how economic output is measured, including GDP (Gross Domestic Product), GNP (Gross National Product), and other indicators of national income.
  • Unemployment: Types of unemployment (frictional, structural, cyclical) and the impacts of unemployment on the economy.
  • Inflation: Causes of inflation, how inflation is measured (CPI, PPI), and its effects on purchasing power and economic stability.
  • Economic Growth: Theories of economic growth, factors that contribute to long-term growth, and how economic growth is sustained.
  • Fiscal Policy: The role of government in influencing the economy through taxation and spending decisions. The impact of budget deficits, public debt, and fiscal stimulus.
  • Monetary Policy: The role of central banks (e.g., the Federal Reserve) in controlling money supply and interest rates to stabilize the economy. The tools of monetary policy and their effects on inflation and economic growth.
  • International Trade and Finance: The basics of international trade, exchange rates, and how global factors influence a country’s economy.

Learning Objectives:

  • Develop an understanding of key macroeconomic concepts and indicators.
  • Analyze the interactions between different sectors of the economy and the effects of economic policies.
  • Evaluate the role of government intervention in managing economic stability through fiscal and monetary policies.
  • Understand the global context of macroeconomics, including international trade, exchange rates, and the global economy.
  • Apply macroeconomic theory to real-world issues such as recessions, inflation, and economic crises.

Prerequisites: Basic knowledge of economics (e.g., introductory microeconomics or high school economics) is recommended but not required.

Course Requirements: Lectures, readings, problem sets, case studies, quizzes, exams.