All of us are affected by macroeconomic forces – they shape the very world we live in. And governments all around the world try to shape those forces in ways that (hopefully) improve the lives of their constituents. In this subject, we will examine the major theories used by macro economists to analyse national economies and the international economy.
In this course, we will examine the main bodies of economic theory that have been used to guide economists’ and policy makers’ understanding of the macroeconomy. Macroeconomics is a word derived from the Greek prefix “makros”, meaning large. It is the study of economic aggregates, of national and international economies and of the economic management role played by governments and international organisations.
The founder of modern macroeconomics, the British economist John Maynard Keynes, famously wrote “The ideas of economists and political philosophers, both when they are right and when they are wrong are more powerful than is commonly understood. Indeed, the world is ruled by little else. Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually slaves of some defunct economist.” This will be the key theme we explore in the course, the influence of theory and the way that policy responses to events like recession, unemployment, inflation and the Global Financial Crisis, reflect that theory.
We will cover important macroeconomic concepts such as the national accounts, unemployment and inflation, explain how the ideas associated with John Maynard Keynes laid the foundation for governments’ active management of the macroeconomy in the post war era, and examine the intellectual basis for the monetary and fiscal policy responses to the Global Financial Crisis. Economists’ approaches to the analysis of long run economic growth will also be considered. The approach will be critical. There are few areas of human endeavour that attract so much debate and disagreement as the management of a modern industrial economy. We will not shy away from those debates. But what we will do is emphasise the systematic theorising that underlies the way macroeconomists and policy makers approach their task. The aim is to enable those who take the course to become informed analysts of the macroeconomy and of current (and past) macroeconomic policy debates.
In this course, you will learn all of the major principles of macroeconomics normally taught in a quarter or semester course to college undergraduates or MBA students. Perhaps more importantly, you will also learn how to apply these principles to a wide variety of situations in both your personal and professional lives. In this way, the Power of Macroeconomics will help you prosper in an increasingly competitive and globalized environment.
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.
In this course, you will build on and apply what you learned in the introductory macroeconomics course. You will use the concepts of output, unemployment, inflation, consumption, and investment to study the dynamics of an economy at a more advanced level.
This course will employ a non-technical approach to analyze how governments use policy to influence a country's economy. Upon completing the course you should be able to discuss national debts and deficits, examine fiscal and monetary policy and their appropriateness to the situation of an economy, and anticipate the results of fiscal and monetary policies and structural reform on a country.
Un cours sur les comptes macroéconomiques, leurs interrelations, et l’analyse des événements économiques. Quel est l’état de santé de l’économie ? Comment la politique économique peut-elle rétablir ou contribuer à la bonne santé d’un pays ? Ces questions sont au cœur de la programmation financière. Nos cours de PPF (Programmation et politiques financières) vous permettront d’acquérir les bases nécessaires pour y répondre.
In this course, following MRU's Principles of Microeconomics course, you’ll continue to explore the economic way of thinking and the role of incentives in all of our lives. We’ll cover fundamental questions such as: Why do some countries grow rich while others remain poor? How important is a country’s banking system — and what happened during the recent financial crisis? How did Zimbabwe end up with an inflation rate that rose into the quadrillions?
A course for those who are interested in the challenge posed by massive and persistent world poverty. This is a course for those who are interested in the challenge posed by massive and persistent world poverty, and are hopeful that economists might have something useful to say about this challenge.