After completion of principles of microeconomics the professional diploma in macroeconomics course will improve us to think in an economic way. The reason behind poverty, what happened during the financial crisis this course will also cover those. There will be a video every Tuesday regarding Federal Reserve, monetary policy, fiscal policy, the Solow Growth Model, institutional analysis, and the “economics of ideas” and so on.
Assessment
This course does not involve any written exams. Students need to answer 5 assignment questions to complete the course, the answers will be in the form of written work in pdf or word. Students can write the answers in their own time. Each answer needs to be 200 words (1 Page). Once the answers are submitted, the tutor will check and assess the work.
Certification
Edukite courses are free to study. To successfully complete a course you must submit all the assignment of the course as part of the assessment. Upon successful completion of a course, you can choose to make your achievement formal by obtaining your Certificate at a cost of £49.
Having an Official Edukite Certification is a great way to celebrate and share your success. You can:
- Add the certificate to your CV or resume and brighten up your career
- Show it to prove your success
Course Credit: MR University
Course Curriculum
| Module: 01 | |||
| What is Gross Domestic Product (GDP)? | 00:04:00 | ||
| Nominal vs. GDP | 00:08:00 | ||
| Real GDP Per Capita and the Standard of Living | 00:05:00 | ||
| Splitting GDP | 00:06:00 | ||
| Basic Facts of Wealth | 00:04:00 | ||
| Growth Rates Are Crucial | 00:06:00 | ||
| Office Hours: Rule of 70 | 00:05:00 | ||
| An Orgy of Innovation | 00:03:00 | ||
| Growth Miracles and Growth Disasters | 00:04:00 | ||
| The Importance of Institutions | 00:05:00 | ||
| Module: 02 | |||
| Geography and Economic Growth | 00:03:00 | ||
| Puzzle of Growth: Rich Countries and Poor Countries | 00:08:00 | ||
| Intro to the Solow Model of Economic Growth | 00:05:00 | ||
| Physical Capital and Diminishing Returns | 00:05:00 | ||
| The Solow Model and the Steady State | 00:07:00 | ||
| Office Hours: The Solow Model | 00:06:00 | ||
| Human Capital & Conditional Convergence | 00:07:00 | ||
| The Solow Model and Ideas | 00:04:00 | ||
| Office Hours: The Solow Model: Investments vs. Ideas | 00:07:00 | ||
| The Economics of Ideas | 00:04:00 | ||
| Module: 03 | |||
| Patents, Prizes, and Subsidies | 00:08:00 | ||
| The Idea Equation | 00:06:00 | ||
| Alex Tabarrok on how ideas trump crises | 00:14:00 | ||
| Saving and Borrowing | 00:08:00 | ||
| What Do Banks Do? | 00:04:00 | ||
| Intro to Stock Markets | 00:03:00 | ||
| Intro to the Bond Market | 00:06:00 | ||
| Office Hours: The Bond Market | 00:04:00 | ||
| Four Reasons Financial Intermediaries Fail | 00:08:00 | ||
| The Great Recession | 00:13:00 | ||
| Module: 04 | |||
| How Expert Are Expert Stock Pickers? | 00:06:00 | ||
| Can You Beat the Market? | 00:06:00 | ||
| Investing: Why You Should Diversify | 00:05:00 | ||
| Who Is More Rational? You or the Market? | 00:04:00 | ||
| Econ Duel: Rent or Buy? | 00:06:00 | ||
| Tyler Cowen: The Economics of Choosing the Right Career | 00:07:00 | ||
| Defining the Unemployment Rate | 00:04:00 | ||
| Is Unemployment Undercounted? | 00:05:00 | ||
| Frictional Unemployment | 00:04:00 | ||
| Structural Unemployment | 00:09:00 | ||
| Module: 05 | |||
| Cyclical Unemployment | 00:08:00 | ||
| Labor Force Participation | 00:07:00 | ||
| Taxing Work | 00:05:00 | ||
| Women Working: What’s the Pill Got to Do With It? | 00:06:00 | ||
| Zimbabwe and Hyperinflation: Who Wants to Be a Trillionaire? | 00:04:00 | ||
| Measuring Inflation | 00:05:00 | ||
| Quantity Theory of Money | 00:03:00 | ||
| Causes of Inflation | 00:07:00 | ||
| Costs of Inflation: Price Confusion and Money Illusion | 00:05:00 | ||
| Costs of Inflation: Financial Intermediation Failure | 00:06:00 | ||
| Module: 06 | |||
| Office Hours: Costs of Inflation | 00:05:00 | ||
| Why Governments Create Inflation | 00:51:00 | ||
| Intro to Business Fluctuations | 00:03:00 | ||
| The Aggregate Demand Curve | 00:06:00 | ||
| The Long-Run Aggregate Supply Curve | 00:05:00 | ||
| Sticky Wages | 00:04:00 | ||
| The Short-Run Aggregate Supply Curve | 00:09:00 | ||
| Changes in Velocity | 00:08:00 | ||
| Understanding the Great Depression | 00:09:00 | ||
| Office Hours: Using the AD-AS Model | 00:06:00 | ||
| Module: 07 | |||
| Office Hours: Multiple Shocks with the AD-AS Model | 00:04:00 | ||
| Game of Theories: The Keynesians | 00:08:00 | ||
| Game of Theories: The Monetarists | 00:06:00 | ||
| Game of Theories: Real Business Cycle | 00:05:00 | ||
| Game of Theories: The Austrians | 00:07:00 | ||
| Game of Theories: The Great Recession | 00:08:00 | ||
| Game of Theories: The Great Recession | 00:08:00 | ||
| What Is Money? | 00:05:00 | ||
| The Money Multiplier | 00:07:00 | ||
| How the Fed Worked: Before the Great Recession | 00:06:00 | ||
| Module: 08 | |||
| How the Fed Works: After the Great Recession | 00:07:00 | ||
| The Fed as Lender of Last Resort | 00:09:00 | ||
| Monetary Policy: The Best Case Scenario | 00:06:00 | ||
| Monetary Policy: The Negative Real Shock Dilemma | 00:04:00 | ||
| When the Fed Does Too Much | 00:08:00 | ||
| Introduction to Fiscal Policy | 00:03:00 | ||
| Fiscal Policy: The Best Case Scenario | 00:03:00 | ||
| The Limits of Fiscal Policy | 00:07:00 | ||
| The Dangers of Fiscal Policy | 00:06:00 | ||
| Fiscal Policy and Crowding Out | 00:05:00 | ||
| Assessment | |||
| Submit Your Assignment | 00:00:00 | ||
| Certification | 00:00:00 | ||
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