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Hadi Salehi Esfahani
This course discusses how macroeconomic variables affect individuals’ personal, professional, and public activities and lays the foundation for the analysis of the mechanisms that drive macroeconomic variables. It starts by introducing the key macroeconomic variables and explaining how they are defined and measured to interpret macroeconomic data properly. Then, the course offers a perspective for separating out various parts of the economy driven by different processes and for combining those components to develop a richer view of the whole. In particular, it applies this approach to the analysis of the relationship of the...
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This course discusses how macroeconomic variables affect individuals’ personal, professional, and public activities and lays the foundation for the analysis of the mechanisms that drive macroeconomic variables. It starts by introducing the key macroeconomic variables and explaining how they are defined and measured to interpret macroeconomic data properly. Then, the course offers a perspective for separating out various parts of the economy driven by different processes and for combining those components to develop a richer view of the whole. In particular, it applies this approach to the analysis of the relationship of the trade deficit with the budget deficit and private savings, offering insights about some key determinants of the balance of payments. The third and fourth modules focus on the analyses of the foreign currency and money markets to provide fundamental models of the interest rate and exchange rate determination. They also discuss how these variables interact with each other and with the macroeconomic conditions, particularly monetary policy, and the expectations about the future trends in the economy. You will be able to: • Systematically assess the national and international economic environment in which you live and work • Analyze macroeconomic issues using key tools • Be a more effective professional in your line of activity. 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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Examines how global and national economics impact various aspects of human life, providing a comprehensive perspective on the interactions between economy and society
Led by Hadi Salehi Esfahani, an esteemed professor in economics, the course offers access to valuable insights and expertise
Provides a strong foundation for analyzing macroeconomic variables, empowering learners to navigate complex economic data and develop informed perspectives
The course incorporates a systematic approach to understanding macroeconomic phenomena, fostering critical thinking and analytical skills
Equips learners with tools for effective professional navigation in various industries and domains impacted by the economy
Caveat: Requires a solid understanding of basic economic concepts, as it builds upon prior knowledge and may not be suitable for absolute beginners

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Reviews summary

Macroeconomic fundamentals

This course introduces students to the fundamentals of macroeconomics, covering key macroeconomic variables and how they are defined and measured. It also provides a perspective for separating out various parts of the economy driven by different processes and for combining those components to develop a richer view of the whole.
Professor presents material in a clear and understandable way.
"Professor Hadi is great. This is my first Economics course. Professor explains all the fundamentals in a very easy and detailed manner."
Course provides essential macroeconomic knowledge.
"The course is really interesting and rewarding. Thank you very much!"
"I learned a lot of useful knowledge from this course, and I am very grateful to the teacher for providing this course."
Course requires effort and application of concepts.
"I had to work VERY hard to pass the quizzes in this course and even though I did, I can't say I actually learned anything."
"Complex topics, relationships and topics are not adequately explained in lectures."
"The material is presented in a way that is hard to understand and follow."

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: Macroeconomic Variables and Markets with these activities:
Refresh your knowledge of algebra
Refresh your algebraic skills to ensure you have a solid foundation for macroeconomic analysis.
Browse courses on Algebra
Show steps
  • Review your notes from a previous algebra course.
  • Take a practice quiz or test to assess your algebra skills.
  • Complete some practice problems.
Review 'Introduction to Macroeconomics'
Review the basic concepts of macroeconomics to better understand the course materials.
Show steps
  • Read the book thoroughly, taking notes on key concepts.
  • Complete the end-of-chapter exercises to test your understanding.
  • Discuss the book with a classmate or friend to reinforce your learning.
Follow macroeconomic news and analysis
Follow macroeconomic news and analysis to stay up-to-date on current events and trends.
Show steps
  • Subscribe to a reputable macroeconomic news source.
  • Read or watch macroeconomic news and analysis on a regular basis.
  • Discuss macroeconomic news and analysis with classmates or colleagues.
Five other activities
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Show all eight activities
Solve macroeconomic problems
Practice solving macroeconomic problems to improve your analytical skills.
Browse courses on Macroeconomic Models
Show steps
  • Find practice problems online or in textbooks.
  • Solve the problems step-by-step, showing all your work.
  • Check your answers against the provided solutions.
  • Repeat the process until you are comfortable solving problems.
Attend a macroeconomic workshop or conference
Attend a macroeconomic workshop to learn from experts and network with other professionals.
Browse courses on Macroeconomic Policy
Show steps
  • Find a macroeconomic workshop or conference that interests you.
  • Register for the event.
  • Attend the event and participate in the activities.
Create a macroeconomic data dashboard
Create a macroeconomic data dashboard to visualize and track key economic indicators.
Show steps
  • Identify the macroeconomic data you want to track.
  • Find a data source for each data series.
  • Use a data visualization tool to create a dashboard.
  • Share your dashboard with others.
Write a macroeconomic blog post
Write a blog post about a macroeconomic issue or policy to demonstrate your understanding of the material.
Browse courses on Macroeconomic Policy
Show steps
  • Choose a macroeconomic topic that interests you.
  • Research the topic thoroughly, using credible sources.
  • Write a well-organized and well-argued blog post.
  • Publish your blog post on a public platform.
Build a macroeconomic model
Build a macroeconomic model to demonstrate your understanding of macroeconomic principles.
Browse courses on Macroeconomic Models
Show steps
  • Choose a specific macroeconomic issue or policy to focus on.
  • Develop a theoretical model that explains the issue or policy.
  • Empirically test your model using real-world data.
  • Write a report summarizing your findings.

Career center

Learners who complete Country Level Economics: Macroeconomic Variables and Markets will develop knowledge and skills that may be useful to these careers:
Financial Analyst
Financial analysts provide advice to individuals and organizations on investment decisions. This course provides a strong foundation in the key macroeconomic variables and how they are measured, which is important knowledge for financial analysts. It also offers a perspective for separating out various parts of the economy driven by different processes and for combining those components to develop a richer view of the whole. Additionally, the course focuses on the analyses of the foreign currency and money markets to provide fundamental models of the interest rate and exchange rate determination, which are critical topics for financial analysts to understand.
Sales Trader
Sales traders buy and sell securities for clients. This course provides a strong foundation in the key macroeconomic variables and how they are measured, which is important knowledge for sales traders. It also offers a perspective for separating out various parts of the economy driven by different processes and for combining those components to develop a richer view of the whole. Additionally, the course focuses on the analyses of the foreign currency and money markets to provide fundamental models of the interest rate and exchange rate determination, which are critical topics for sales traders to understand.
Trader
Traders buy and sell securities for their own account. This course provides a strong foundation in the key macroeconomic variables and how they are measured, which is essential knowledge for traders. It also offers a perspective for separating out various parts of the economy driven by different processes and for combining those components to develop a richer view of the whole. Additionally, the course focuses on the analyses of the foreign currency and money markets to provide fundamental models of the interest rate and exchange rate determination, which are critical topics for traders to understand.
Investment Banker
Investment bankers help companies raise capital and provide advice on mergers and acquisitions. This course provides a strong foundation in the key macroeconomic variables and how they are defined and measured, which is essential knowledge for investment bankers. It also offers a perspective for separating out various parts of the economy driven by different processes and for combining those components to develop a richer view of the whole. Additionally, the course focuses on the analyses of the foreign currency and money markets to provide fundamental models of the interest rate and exchange rate determination, which are critical topics for investment bankers to understand.
Management Consultant
Management consultants help businesses improve their performance. This course provides a strong foundation in the key macroeconomic variables and how they are measured, which is important knowledge for management consultants. It also offers a perspective for separating out various parts of the economy driven by different processes and for combining those components to develop a richer view of the whole. Additionally, the course focuses on the analyses of the foreign currency and money markets to provide fundamental models of the interest rate and exchange rate determination, which are critical topics for management consultants to understand.
Portfolio Manager
Portfolio managers manage investments for individuals and organizations. This course provides a strong foundation in the key macroeconomic variables and how they are measured, which is important knowledge for portfolio managers. It also offers a perspective for separating out various parts of the economy driven by different processes and for combining those components to develop a richer view of the whole. Additionally, the course focuses on the analyses of the foreign currency and money markets to provide fundamental models of the interest rate and exchange rate determination, which are critical topics for portfolio managers to understand.
Risk Manager
Risk managers help businesses identify and manage risks. This course provides a strong foundation in the key macroeconomic variables and how they are measured, which is important knowledge for risk managers. It also offers a perspective for separating out various parts of the economy driven by different processes and for combining those components to develop a richer view of the whole. Additionally, the course focuses on the analyses of the foreign currency and money markets to provide fundamental models of the interest rate and exchange rate determination, which are critical topics for risk managers to understand.
Statistician
Statisticians collect, analyze, and interpret data. This course provides a strong foundation in the key macroeconomic variables and how they are measured, which is essential knowledge for statisticians. It also offers a perspective for separating out various parts of the economy driven by different processes and for combining those components to develop a richer view of the whole. Additionally, the course focuses on the analyses of the foreign currency and money markets to provide fundamental models of the interest rate and exchange rate determination, which are critical topics for statisticians to understand.
Policy Analyst
Policy analysts study and evaluate public policies. This course provides a strong foundation in the key macroeconomic variables and how they are defined and measured, which is essential knowledge for policy analysts. It also offers a perspective for separating out various parts of the economy driven by different processes and for combining those components to develop a richer view of the whole. Additionally, the course focuses on the analyses of the foreign currency and money markets to provide fundamental models of the interest rate and exchange rate determination, which are critical topics for policy analysts to understand.
Economist
Economists study how society allocates its resources and how individuals make decisions within this framework. This course provides a strong foundation in the key macroeconomic variables and how they are defined and measured, which is essential knowledge for economists. It also offers a perspective for separating out various parts of the economy driven by different processes and for combining those components to develop a richer view of the whole. Additionally, the course focuses on the analyses of the foreign currency and money markets to provide fundamental models of the interest rate and exchange rate determination, which are critical topics for economists to understand.
Underwriter
Underwriters evaluate and approve insurance policies. This course may be useful in providing a foundation in the key macroeconomic variables and how they are defined and measured. It also offers a perspective for separating out various parts of the economy driven by different processes and for combining those components to develop a richer view of the whole, which may be helpful for underwriters.
Operations Research Analyst
Operations research analysts use mathematical and statistical techniques to solve business problems. This course may be useful in providing a foundation in the key macroeconomic variables and how they are defined and measured. It also offers a perspective for separating out various parts of the economy driven by different processes and for combining those components to develop a richer view of the whole, which may be helpful for operations research analysts.
Financial Planner
Financial planners help individuals and families manage their finances. This course may be useful in providing a foundation in the key macroeconomic variables and how they are defined and measured. It also offers a perspective for separating out various parts of the economy driven by different processes and for combining those components to develop a richer view of the whole, which may be helpful for financial planners.
Market Researcher
Market researchers study consumer behavior. This course may be useful in providing a foundation in the key macroeconomic variables and how they are defined and measured. It also offers a perspective for separating out various parts of the economy driven by different processes and for combining those components to develop a richer view of the whole, which may be helpful for market researchers.
Loan Officer
Loan officers evaluate and approve loan applications. This course may be useful in providing a foundation in the key macroeconomic variables and how they are defined and measured. It also offers a perspective for separating out various parts of the economy driven by different processes and for combining those components to develop a richer view of the whole, which may be helpful for loan officers.

Reading list

We've selected 48 books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in Country Level Economics: Macroeconomic Variables and Markets.
This textbook more advanced treatment of macroeconomics than Mankiw's book. It covers a wider range of topics, including macroeconomic models and forecasting. It good choice for students who want a deeper understanding of the subject.
This textbook provides a comprehensive overview of macroeconomic theory, including the topics covered in the course. It offers a rigorous mathematical approach to understanding macroeconomic models and their implications for economic policy.
This textbook provides a comprehensive overview of macroeconomic theory, including the topics covered in the course. It offers a mathematical approach to understanding macroeconomic models and their implications for economic policy.
This textbook provides a comprehensive overview of macroeconomic concepts and theories, including the topics covered in the course. It offers a clear and concise explanation of the key macroeconomic variables and their interactions.
Comprehensive textbook on macroeconomics that covers all the topics covered in the course. It is written in a clear and concise style and good choice for students who want to learn more about macroeconomics.
This textbook focuses on international trade and finance, providing insights into the macroeconomic effects of these activities. It offers a theoretical framework for understanding the determinants of exchange rates, trade balances, and economic growth.
Provides a comprehensive overview of the global financial crisis of 2008-2009. It covers the causes of the crisis, the policy responses, and the lessons learned. It good choice for students who want to understand the financial crisis and its implications for the future.
This textbook provides a comprehensive overview of macroeconomic forecasting techniques, including the topics covered in the course. It offers a clear and concise explanation of the key forecasting methods and their applications in macroeconomic research.
This textbook provides a comprehensive overview of international macroeconomic theory, focusing on the interactions between different countries and regions. It offers insights into the impact of global macroeconomic shocks and the role of international organizations in mitigating their effects.
This textbook provides a comprehensive overview of macroeconomic growth theory, focusing on the factors that contribute to economic growth and poverty reduction. It offers insights into the role of macroeconomic policies in promoting economic growth.
Provides a comprehensive overview of the economics of happiness. It covers the measurement of happiness, the causes of happiness, and the policy responses to happiness. It good choice for students who want to understand the economics of happiness and its implications for the future.
This textbook comprehensive overview of the economics of growth. It covers topics such as the role of technology, the importance of institutions, and the challenges of inequality. It good choice for students who want to understand the process of economic growth.
This textbook comprehensive overview of economic development. It covers topics such as the role of institutions, the importance of education, and the challenges of poverty. It good choice for students who want to understand the process of economic development.
Provides a comprehensive overview of the financial system, including the role of money, banks, and financial markets. It offers a clear explanation of monetary policy and its impact on macroeconomic variables.
This textbook provides a comprehensive overview of the financial system, including the role of money, banks, and financial markets. It offers a clear and concise explanation of monetary policy and its impact on macroeconomic variables.
This textbook comprehensive overview of the financial system. It covers topics such as the role of banks, the money supply, and the financial markets. It good choice for students who want to understand how the financial system works.
This textbook provides a comprehensive overview of macroeconomic concepts and theories, including the topics covered in the course. It offers a clear and concise explanation of the key macroeconomic variables and their interactions.
This textbook provides a comprehensive overview of the interactions between macroeconomic and financial variables, focusing on the role of financial markets in economic growth and stability. It offers insights into the impact of financial crises on macroeconomic performance.
This textbook comprehensive overview of the microeconomics of banking. It covers topics such as the role of banks in the financial system, the regulation of banks, and the risk management of banks. It good choice for students who want to understand how banks work.
Provides a comprehensive overview of the economics of climate change. It covers the science of climate change, the economic impacts of climate change, and the policy responses to climate change. It good choice for students who want to understand the economics of climate change and its implications for the future.
Provides a comprehensive overview of the economics of inequality. It covers the measurement of inequality, the causes of inequality, and the policy responses to inequality. It good choice for students who want to understand the economics of inequality and its implications for the future.
This textbook comprehensive overview of international economics. It covers topics such as trade, exchange rates, and the global financial system. It good choice for students who want to understand how the global economy works.
Provides a comprehensive overview of economic development, focusing on the factors that contribute to economic growth and poverty reduction. It offers insights into the role of macroeconomic policies in promoting economic development.
This textbook comprehensive overview of econometrics. It covers topics such as regression analysis, time series analysis, and forecasting. It good choice for students who want to learn how to use statistical methods to analyze economic data.
Provides a broad overview of economic growth and development, which is relevant to understanding macroeconomic variables and markets.
This textbook provides a comprehensive overview of monetary economics. It valuable resource for students who want to gain a deeper understanding of the subject matter covered in the course.
Provides a perspective on macroeconomic issues in developing countries, which is relevant to understanding macroeconomic variables and markets in different contexts.
Provides a comprehensive overview of the economics of health care. It covers the major topics in health care financing, delivery, and regulation and good choice for students who want to learn more about this important topic.
Provides a comprehensive overview of monetary economics, which is essential for understanding macroeconomic variables and markets.
This textbook provides a comprehensive overview of time series analysis. It valuable resource for students who want to gain a deeper understanding of the subject matter covered in the course.
Provides a comprehensive overview of international trade and economic development. It valuable resource for students who want to gain a deeper understanding of the subject matter covered in the course.
Provides a comprehensive overview of the economics of growth, which is relevant to understanding macroeconomic variables and markets.
Provides a comprehensive overview of development economics. It valuable resource for students who want to gain a deeper understanding of the subject matter covered in the course.
Provides a comprehensive overview of the economics of inequality. It valuable resource for students who want to gain a deeper understanding of the subject matter covered in the course.
Provides a comprehensive overview of the behavioral economics of health. It valuable resource for students who want to gain a deeper understanding of the subject matter covered in the course.
Provides a comprehensive overview of the economics of education. It valuable resource for students who want to gain a deeper understanding of the subject matter covered in the course.
Provides a comprehensive overview of development economics, which is relevant to understanding macroeconomic variables and markets in different contexts.
Provides a comprehensive overview of the economics of climate change. It valuable resource for students who want to gain a deeper understanding of the subject matter covered in the course.
Provides a comprehensive overview of public economics, which is relevant to understanding macroeconomic variables and markets.
Provides a comprehensive overview of the economics of happiness. It valuable resource for students who want to gain a deeper understanding of the subject matter covered in the course.
Provides a comprehensive overview of the economics of discrimination. It valuable resource for students who want to gain a deeper understanding of the subject matter covered in the course.

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