Principles of Economics: Macroeconomics - The Big Picture (Coursera)

Offered by Rice University,
Principles of Economics: Macroeconomics - The Big Picture (Coursera)

Take a trip with me in this the third and final course of this Economics 100 Specialization which is a direct adaptation from one of my courses I teach at Rice University. Specifically, in this course we're going to be focusing on Macroeconomics. What is Macroeconomics you might be asking? Well, you've come to the right place! We're going to be going over the big picture of economics- which is examining the measures we use to gauge the health of national economies and study the theories and policies aimed at improving economic health. In a nutshell, how can we use economics to make the world a better place?

Class Deals by MOOC List - Click here and see Coursera's Active Discounts, Deals, and Promo Codes.

Through course lectures, quizzes, discussions, and problem sets, my hope is that you'll be able to digest economic news with a more discerning viewpoint, and have a more informed view about the cost and benefits of economic policy. Finally, my hope is that you've learned to look at the world around you through the eyes of an economist.
By the end of this course you should be able to:

  1. Describe how GDP is used to measure macroeconomic performance.
  2. Describe how inflation is used to measure macroeconomic performance.
  3. Describe how unemployment rates and participation rates are used to measure

macroeconomic performance.

  1. Identify the primary sources of economic growth and explain the observed cross-

country differences in income per capita.

  1. Define savings and explain the factors influencing financial flows and

international trade.

  1. Identify the function of the federal reserve, describe the relationship between

nominal interest rates, money demand and money supply, and describe the
relationship between exchange rates and Net Exports.

  1. Explain the interaction between aggregate demand and aggregate supply to

determine the price level, real GDP, and employment.

  1. Describe the role of government and analyze policy responses to business cycle

shocks
This course is part of the A Story of Economics: A Principles Tale Specialization.

Syllabus

Welcome to the Course!
Welcome, congratulations and thank you for enrolling in this final chapter of our three-part Specialization, Macroeconomics. Please make sure to take look at all the welcome materials (you can skip the Meet the Professor if you've already "met me" two times).

Module 1 - Macro Measures
Alrighty then Econ 100. Welcome to Macro Measures. This is our first lecture in Act 3, the big picture. We made it to the big show, Macroeconomics. Here, the first thing we're going to do in macro, we're going to talk about our macro measures. Just like other social sciences, there's two sides of economics, there's the empirical side or the data side. Let's dive in!

Module 2 - Economic Growth
When we're talking about economic growth, what is the name of the game? The name of the game is raising standards of living. That's what we're trying to do with economic growth. We're trying to take people in difficult situations and give them the tools and the equipment that they need to raise themselves up, put themselves in better situations, and live the lives that they want to live.

Module 3 - Labor Markets
Welcome to labor supply and demand. Now, we've already talked about our labor market measures, our labor market variables. Now, we going to talk about the theory behind the labor market. Now this is macro, but before we get to the macro, we going to take a little trip down memory lane to the world of microeconomics and then we can explore further!

Module 4 - Savings and Consumption
In this module we're going to be looking at the relationship between... well savings and consumption. We're going to look at how the relationship between the two affects changes in income and interest rates within our two period consumer model. Let's get it.

Module 5 - Savings and Investment
When you think savings and investment, you probably think of financial institutions-- You think stocks, bonds, Wall Street, maybe the stock market. That's where this story is taking place. Now remember here in economics, we use the term investment differently than they do in finance. In finance, when you buy stocks and bonds, they call that investment. You're investing in the market in economics when you buy those assets and that's what they are assets, we call that savings. Investment is different for us in economics as you'll see in this module!

Module 6 - Money and Monetary Policy
In this module, we're going to be talking about money and monetary policy. Monetary policy, how it's conducted by the Federal Reserve. The control the money supply to affect interest rates, inflation, and employment. And we'll be defining some terms, looking at tools, and exploring their impact. Jump on in!

Module 7 - Aggregate Supply and Demand
Here in aggregate supply and demand we are going to take everything we've done throughout the entire course and we're going to put all the pieces of the puzzle together and look at our aggregate supply and demand graph! It's a bit of a short lesson, but it encompasses a lot of previous knowledge, so you may want to allot some time for review of previous lessons or have your notes handy. Let's check it out!

Module 8 - Fiscal Policy
Welcome to fiscal policy, this is really government policy. We've talked about monetary policy with the Central Bank, with the Federal Reserve but as I told you, they're an independent institution they're not really part of the government. Here our fiscal policy, that is really government policy, and this is our last hurrah, this is our last lecture in Act 3 the big picture. Can you believe it!?

Go to Class
MOOC List is learner-supported. When you buy through links on our site, we may earn an affiliate commission.

Related Courses

Macroeconomic Financial Accounts (Coursera) Coursera
Sapienza University of Rome

Macroeconomic Financial Accounts (Coursera)

This course is primarily aimed at undergraduates attending their final year or Master’s students in monetary and financial economics, international macroeconomics and data mining. Professionals in Government institutions, Central Banks, business and the financial industry, along with other professionals interested in finance and macroeconomics, may also benefit from this course.

Nov 16th 2026
5-12 Weeks
Firm Level Economics: Consumer and Producer Behavior (Coursera) Coursera
University of Illinois at Urbana-Champaign

Firm Level Economics: Consumer and Producer Behavior (Coursera)

All goods and services are subject to scarcity at some level. Scarcity means that society must develop some allocation mechanism – rules to determine who gets what. Over recorded history, these allocation rules were usually command based – the king or the emperor would decide. In contemporary times, most countries have turned to market based allocation systems. In markets, prices act as rationing devices, encouraging or discouraging production and encouraging or discouraging consumption in such a way as to find an equilibrium allocation of resources.

Nov 2nd 2026
4 Weeks
Financial Markets (Coursera) Coursera
Yale University

Financial Markets (Coursera)

An overview of the ideas, methods, and institutions that permit human society to manage risks and foster enterprise. Emphasis on financially-savvy leadership skills. Description of practices today and analysis of prospects for the future. Introduction to risk management and behavioral finance principles to understand the real-world functioning of securities, insurance, and banking industries. The ultimate goal of this course is using such industries effectively and towards a better society.

Oct 26th 2026
5-12 Weeks
The Art and Science of Economic Policy (Coursera) Coursera
Indian Institute for Human Settlements

The Art and Science of Economic Policy (Coursera)

Economic policy affects every citizen. And economic policymaking is best done as a collaborative process with a wide range of stakeholders. This course brings an understanding of the relevance and impacts of economic policymaking in everyday life, and the ways for citizens to be involved in shaping economic policy, in an accessible and interesting manner. Taught by Dr. Vijay Kelkar and Dr. Ajay Shah, along with Aromar Revi, Director, IIHS, the course synthesises more than one hundred years of their combined experience as professional economists and public intellectuals.

Nov 2nd 2026
5-12 Weeks
Chinese Politics Part 1 - China and Political Science (Coursera) Coursera
The Hong Kong University of Science and Technology - HKUST

Chinese Politics Part 1 - China and Political Science (Coursera)

This course offers a conceptual framework for understanding China that highlights the intersection of politics and economics. It shows that rather than develop into a full blown market economy, state and party officials at all levels of the political system maintain significant influence in economic development. Such a “political” economy has had both positive and negative outcomes, which we will assess in detail.

Nov 9th 2026
5-12 Weeks
Analizando las Políticas Económicas (Coursera) Coursera
IE Business School

Analizando las Políticas Económicas (Coursera)

Este curso utiliza un enfoque no técnico para analizar la forma en la que los gobiernos utilizan políticas económicas para influenciar la economía de sus países. Al finalizar el curso el participante hablará con propiedad sobre temas tan importantes como la deuda y el déficit de los países, podrá examinar las políticas fiscales y monetarias así como las reformas estructurales de los países.

Nov 9th 2026
5-12 Weeks
The Economics of Agro-Food Value Chains (Coursera) Coursera
Technische Universität München - TUM

The Economics of Agro-Food Value Chains (Coursera)

In this course, you learn how the agro-food value chain approaches the challenge of constantly improving its competitiveness by producing high quality food and products and also aiming to attain greater sustainability. Some of the topics of this course are: the notion of quality for food and agricultural products and consumer value; how to conduct market research in this field; labelling, branding and pricing strategies, as-well as innovation in the agro-food sector; how sustainability can be used as a competitive advantage through corporate social responsibility: the role and different types of industrial standards; the different forms of coordination in the chain, in particular with regard to the retailing and distribution sector.

Oct 28th 2026
5-12 Weeks
Teoria dos Jogos: Da Teoria à Prática (Coursera) Coursera
FIA Business School

Teoria dos Jogos: Da Teoria à Prática (Coursera)

Nossas boas-vindas ao Curso Teoria dos Jogos: Da Teoria à Prática. Neste curso, você aprenderá que a Teoria dos Jogos é um ramo da Economia que trata da análise da tomada de decisões quando todos os tomadores de decisões são presumivelmente racionais, e cada um procura prever as ações e reações de seus concorrentes. Desta forma, terá subsídios para tomar decisões. Por exemplo, de fazer ou não acordos, desencorajar a entrada no mercado de potenciais concorrentes, de preços quando as condições de demanda e custo apresentam variações ou novos concorrentes entrarem no mercado, dentre outras.

Nov 9th 2026
4 Weeks
Welcome to Game Theory (Coursera) Coursera
The University of Tokyo

Welcome to Game Theory (Coursera)

This course provides a brief introduction to game theory. Our main goal is to understand the basic ideas behind the key concepts in game theory, such as equilibrium, rationality, and cooperation. The course uses very little mathematics, and it is ideal for those who are looking for a conceptual introduction to game theory. Business competition, political campaigns, the struggle for existence by animals and plants, and so on, can all be regarded as a kind of “game,” in which individuals try to do their best against others.

Nov 2nd 2026
4 Weeks