UC3Mx: Fundamentals of Macroeconomics

UC3Mx: Fundamentals of Macroeconomics

by Universidad Carlos III de Madrid

Introduction to Macroeconomics

Course Description

Are you ready to embark on a fascinating journey into the world of economics? Our course, "Introduction to Macroeconomics," offers a comprehensive and rigorous exploration of the fundamental concepts that drive our global economy. This isn't just another dry, theoretical course – we bring economics to life by combining visual arguments with real-world examples, helping you connect abstract concepts to your everyday experiences.

What students will learn

  • A thorough understanding of markets, their strengths, and their failures
  • Key macroeconomic indicators such as GDP, unemployment, and inflation
  • The intricacies of monetary and fiscal policies
  • The role of financial systems and international trade in the global economy
  • Causes and consequences of economic fluctuations
  • Critical thinking skills to analyze complex economic problems

Prerequisites

  • Familiarity with basic graph reading
  • High school-level mathematics
  • No prior economics knowledge required

Course Content

  • GDP: meaning, measurement, and components
  • Labor market indicators and unemployment types
  • Savings, investment, and the financial system
  • Monetary and banking systems
  • Central banks, monetary policies, and inflation
  • International trade, capital flows, and exchange rates
  • Economic fluctuations
  • Fiscal and monetary policies

Who this course is for

  • Students seeking a solid foundation in economics
  • Professionals looking to enhance their understanding of macroeconomic principles
  • Anyone curious about how national economies function and interact globally
  • Individuals interested in understanding economic policies and their impacts

Real-world applications

  • Make informed decisions about personal finances and investments
  • Understand and analyze economic news and policies
  • Contribute meaningfully to discussions on economic issues
  • Evaluate the potential impacts of economic changes on businesses and industries
  • Develop a more nuanced understanding of global economic challenges and opportunities

Syllabus

Week 1: Introduction and Gross Domestic Product

Week 2: Savings and Investment, Labor Market, Consumer Price Index

Week 3: Money, monetary system and inflation

Week 4: Open economies and exchange rates

Week 5: Economic fluctuations

Week 6: Fiscal and Monetary Policies

By the end of this course, you'll have gained a powerful set of tools to understand and analyze the complex economic world around you. Whether you're aiming to advance your career, enhance your academic knowledge, or simply satisfy your curiosity about how economies work, this course will provide you with the insights and skills you need. Don't miss this opportunity to see the world through the eyes of an economist – enroll now and start your journey towards economic enlightenment!

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