Country Level Economics: Policies, Institutions, and Macroeconomic Performance from Coursera

This course examines macroeconomic performance in the short and long run based on the economy’s institutional and policy environment. First, we will develop a model of macroeconomy in the short run when the price level has its own momentum and does not respond much to supply and demand forces. Then, we’ll begin analyzing the long-run equilibrium by examining the foreign exchange market. The third module examines the drivers of aggregate output in the long run and the mechanisms of adjustment from the short run to the long run. Finally, we will discuss the characteristics of desirable macroeconomic policies and the reasons why actual policies deviate from them. You will be able to: • Understand how the market for aggregate goods and services interacts with the money market to shape the macroeconomic equilibrium which determines income, interest rate, and exchange rate in the short run • Assess the dynamic effects of macroeconomic policies and understand the roles of globalization, government policies, institutions, and expectations in macroeconomic outcomes This course is part of Gies College of Business’ suite of online programs, including the iMBA and iMSM. Learn more about admission into these programs and explore how your Coursera work can be leveraged if accepted into a degree program at https://degrees.giesbusiness.illinois.edu/idegrees/.

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Covers macroeconomic models, which are core skills for economists or researchers working in the area

Teaches macroeconomic concepts within the framework of institutional and policy environments

Explores the dynamic effects of macroeconomic policies, which is relevant to policymakers and economists

Examines the long-run equilibrium by analyzing the foreign exchange market, which is relevant to those in international finance

Instructs by Hadi Salehi Esfahani, who has experience in macroeconomic modeling and has made extensive contributions to the field

Taught by the Gies College of Business, which has a strong reputation for business education

Reviews summary

Excellent study of country-level economics

This course is highly rated by students, with all of them giving a rating of 5 out of 5 stars. It is an excellent study of the interaction of the market for aggregate goods and services with the money market to shape the macroeconomic equilibrium in both the short and long term. The course is seen as thorough and well-structured, with students noting the models, exercises, and real-world examples used in the course.

Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Country Level Economics: Policies, Institutions, and Macroeconomic Performance with these activities:

Review 'Macroeconomics' by Olivier Blanchard

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This book provides a comprehensive and up-to-date overview of macroeconomics.

View Fiscal Policy under Low Interest Rates on Amazon

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Read the book carefully and take notes.
Complete the practice problems at the end of each chapter.
Discuss the book with your classmates or a study group.

Watch online tutorials on macroeconomic models

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This will introduce you to the basics and provide a foundation before moving into the course material.

Browse courses on Macroeconomic Models

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Find tutorials that cover the basic concepts of macroeconomic models.
Watch the tutorials and take notes.
Test your understanding by completing practice problems.

Find a mentor who can provide guidance on macroeconomic topics

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A mentor can help you develop your interest in economics and provide support for your learning.

Browse courses on Macroeconomics

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Identify potential mentors who are experts in macroeconomics.
Reach out to potential mentors and ask if they are willing to mentor you.
Meet with your mentor regularly to discuss your progress and get advice.

Five other activities

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Organize and summarize course materials

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Organizing your notes and other course materials will help you retain information and easily find what you need to review.

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Create a system for organizing your notes, assignments, and other course materials.
Summarize key concepts and ideas from each lecture or reading.
Review your organized materials regularly.

Participate in a study group

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Discussing course material with peers helps reinforce understanding and identify areas where you need more support.

Browse courses on Macroeconomics

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Work together on practice problems and assignments.
Form a study group with other students in your class.
Meet regularly to discuss the course material.

Solve macroeconomic problems from textbook

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Applying problem-solving techniques within the specific problem domain of this course will help you develop deep understanding of the concepts.

Browse courses on Macroeconomic Models

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Identify the key macroeconomic concepts involved in the problem.
Formulate a hypothesis or model to explain the problem.
Solve the problem using the appropriate macroeconomic tools.
Check your answer and interpret the results.

Attend a workshop on macroeconomic modeling

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This workshop will give you hands-on experience with macroeconomic modeling.

Browse courses on Macroeconomic Models

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Find a workshop on macroeconomic modeling that fits your schedule.
Register for the workshop and attend.
Participate actively in the workshop and ask questions.

Write a blog post on a macroeconomic topic

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Explaining concepts to others is a great way to consolidate your understanding.

Browse courses on Macroeconomics

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Choose a specific macroeconomic topic that you are interested in.
Research the topic thoroughly.
Write a blog post that explains the topic in a clear and concise way.
Share your blog post with others and get feedback.

Career center

Learners who complete Country Level Economics: Policies, Institutions, and Macroeconomic Performance will develop knowledge and skills that may be useful to these careers:

Economist

Economists use their knowledge of economic theory and econometrics to study and analyze economic data. This course may be useful for understanding the complex relationship between macroeconomic policy and economic performance for Economists who must study and analyze economic data to form informed conclusions.

See salaries and explore the career path for Economist

Development Economist

Development Economists apply economic theory and quantitative methods to analyze economic development in developing countries. Courses in macroeconomic performance and how it relates to globalization, government policies, and institutions may help build a solid foundation in Development Economics.

See salaries and explore the career path for Development Economist

International Economist

International Economists use their knowledge in economic theory to analyze international economic issues, such as trade, investment, and currency exchange rates. A course on the foreign exchange market and the global financial system may be useful in providing foundational knowledge, especially on how it affects macroeconomic outcomes.

See salaries and explore the career path for International Economist

Economic Consultant

Economic Consultants provide economic advice to businesses and governments. This course would help build a foundation in macroeconomic performance in the short and long run for an Economic Consultant who needs to provide informed advice on economic matters.

See salaries and explore the career path for Economic Consultant

Financial Economist

Financial Economists study the financial markets and institutions, looking for insights on how those markets work and how investments can be made. This course would help build a foundation in macroeconomic performance in the short and long run based on the economy’s institutional and policy environment for a Financial Economist who must be well-versed in the complex macroeconomic environment.

See salaries and explore the career path for Financial Economist

Quantitative Analyst

Quantitative Analysts use mathematical and statistical models to analyze financial data. This course would help build a foundation in macroeconomic performance in the short and long run based on the economy’s institutional and policy environment for a Quantitative Analyst who must use macroeconomic data in their models.

See salaries and explore the career path for Quantitative Analyst

Portfolio Manager

Portfolio Managers apply investment theories and strategies to manage investment portfolios. This course would help build a foundation in macroeconomic performance in the short and long run for a Portfolio Manager who must make investment decisions that are in line with the macroeconomic outlook.

See salaries and explore the career path for Portfolio Manager

Actuary

Actuaries analyze and manage financial risk for insurance companies and other financial institutions. This course would help build a foundation in macroeconomic performance in the short and long run for an Actuary who must assess the potential impact of macroeconomic conditions on financial risks.

See salaries and explore the career path for Actuary

Investment Banker

Investment Bankers provide financial advice and services to companies and governments. This course would help build a foundation in macroeconomic performance in the short and long run for an Investment Banker who must understand how macroeconomic conditions can impact companies and financial markets.

See salaries and explore the career path for Investment Banker

Market Research Analyst

Market Research Analysts conduct research and analysis on consumer behavior and market trends. Coursework on the drivers of aggregate output in the long run may be helpful in understanding how macroeconomic forces can impact consumer behavior and market trends.

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Research Analyst

Research Analysts conduct research and analysis on companies, industries, and markets. This course may be useful for understanding the impact of macroeconomic policies and the global financial system on companies and industries.

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Financial Advisor

Financial Advisors provide financial advice to individuals and families. Coursework on the characteristics of desirable macroeconomic policies and the reasons why actual policies deviate from them may be useful for understanding how macroeconomic forces can impact financial markets and providing sound advice to clients.

See salaries and explore the career path for Financial Advisor

Policy Analyst

Policy Analysts work with policymakers to develop and implement public policy. Coursework on the drivers of aggregate output in the long run and the mechanisms of adjustment from the short run to the long run may be helpful for understanding how macroeconomic forces can impact policy decisions.

See salaries and explore the career path for Policy Analyst

Fiscal Policy Analyst

Fiscal Policy Analysts use their knowledge in economic theory, public policy, and econometrics to design and implement fiscal policy. A course on the interaction between the market for aggregate goods and services and the money market to shape macroeconomic equilibrium may be useful to build a foundation in fiscal policy.

See salaries and explore the career path for Fiscal Policy Analyst

Monetary Policy Analyst

Monetary Policy Analysts use their knowledge in economic theory and econometrics to design and implement monetary policy. A course on the interaction between the market for aggregate goods and services and the money market to shape macroeconomic equilibrium in the short run may be useful for building a foundation in monetary policy.

See salaries and explore the career path for Monetary Policy Analyst