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Disorientated by deflation? Unclear about unemployment? Muddled by monetary policy? You’re in the right place. This comprehensive introduction to macroeconomics will transform you from a novice to a master. Economics can be an intimidating, jargon heavy and abstract discipline – this course will break out of these stereotypes with clear explanations, relevant examples and helpful visuals
This course will cover the following topics:
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GDP and the basics of national income accounting
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Aggregate demand and aggregate supply
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Government macroeconomic objectives
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Macroeconomic policies.
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Application of economic theory to real world scenarios
Each topic is taught in a series of short presentations that are delivered in an engaging style, supported with clear diagrams and images designed to aid understanding. Each section ends with a quiz created to test your understanding of what you have just learnt.
By the end of the course, you will have mastered an array of important topic areas within macroeconomics. This will put you in a strong position to fully comprehend any historical or contemporary macroeconomic issues. This could aid you professionally, help your study of other related disciplines (such as business or history) or just satisfy your natural curiosity about the world around you.
As as Economics teacher with over ten years experience in the classroom, an Economics degree from a top UK university and experience as an Economics examiner; I’m ideally placed to deliver this course. I’ve used all of my teaching know how to design this course in a way that will maximise student learning. Topics are delivered sequentially with each lesson building on the previous one so that no prior knowledge is required before taking the course. I’m aware of common misconceptions that students have and I deal with these explicitly throughout the course.
Furthermore, I’m aware that Economics is a subject best understand in the context of the real world. So I’ve included plenty of interesting and relevant examples in each section. Furthermore, the final section is entirely focused on the real world application of economic theories.
Economists do it with models! Aggregate demand (AD) and aggregate supply (AS)
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1Course introduction
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2Introduction to section one
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3What is GDP and why it is important?
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4The nuts and bolts of national income accounting
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5Calculating real GDP
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6Limitations of GDP
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7Well done on completing section one!
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8End of section quiz
Complete this quiz to test your understanding of GDP.
Thinking objectively! Government objectives.
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9Introduction to section two.
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10Aggregate demand
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11New classical mode: SRAS
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12New classical model: Equilibrium
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13New classical model: LRAS
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14Keynesian AS
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15Comparing the new classical and Keynesian models
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16Shifts in LRAS
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17Well done on completing section two!
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18Section two quiz
Complete this quiz to test your understanding of the AD/AS model.
Policy odyssey! A journey through macroeconomic policy.
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19Introduction to section three
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20Introducing the government objectives
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21Economic growth: causes
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22Economic growth & the business cycle
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23Economic growth: Consequences
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24Unemployment: Causes
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25Unemployment consequences
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26Inflation: Causes
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27Inflation: Consequences
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28Deflation
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29Phillips Curve
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30Well done on completing section three!
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31Section three quiz
Complete this quiz to test your knowledge of the government's macroeconomic objectives.
Application station! Making use of economic theory.
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32Introduction to section four
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33Introducing macroeconomic policy
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34Fiscal policy
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35Fiscal policy and the multiplier
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36Fiscal policy and the budget
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37Limitations of fiscal policy
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38Monetary policy
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39Central bank independence and inflation targeting
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40Limitations of monetary policy
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41Interventionist supply side policies
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42Market based supply side policies
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43Limitations of supply side policies
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44Well done on completing section four!
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45Section four quiz
Complete this quiz to test your knowledge of macroeconomic policies.