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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.  


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.


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.


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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
Submit Your Assignment 00:00:00
Certification 00:00:00

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