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Macroeconomics - The Basics

The successful operation of modern economics depends on the participation of economically literate citizens. An economically literate citizen should be able to identify problems, gather relevant information, weigh costs and benefits, analyze incentives, and make choices. Students successfully completing this course will be able to comprehend and use basic economic concepts, interpret major macroeconomic statistics, explain how both monetary and fiscal policy can be used to stabilize the economy, and discuss macroeconomic issues.

What you'll learn

Comprehend and use basic economic concepts including supply and demand.
Comprehend the variations in different economic systems.
Calculate and interpret major macroeconomic statistics including GDP, unemployment rates, inflation rates and poverty rates.
Analyze and evaluate the use of both monetary and fiscal policy to stabilize the economy, including taxing policies.
Explain examples of major macroeconomic challenges and current trends as well as future trends as consumers and companies.

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Learning objectives

Comprehend and use basic economic concepts including supply and demand.
Comprehend the variations in different economic systems.
Calculate and interpret major macroeconomic statistics including gdp, unemployment rates, inflation rates and poverty rates.

Analyze and evaluate the use of both monetary and fiscal policy to stabilize the economy, including taxing policies.
Explain examples of major macroeconomic challenges and current trends as well as future trends as consumers and companies.

Comprehend and use basic economic concepts including supply and demand.
Comprehend the variations in different economic systems.
Calculate and interpret major macroeconomic statistics including gdp, unemployment rates, inflation rates and poverty rates.
Analyze and evaluate the use of both monetary and fiscal policy to stabilize the economy, including taxing policies.
Explain examples of major macroeconomic challenges and current trends as well as future trends as consumers and companies.

Good to know

Know what's good

, what to watch for

, and possible dealbreakers

Develops macroeconomics concepts like inflation and supply and demand, which are core skills for economic literacy

Taught by Arinna Butler Roxa, MBA, who are recognized for their work in economics

Explores macroeconomic challenges and trends, providing insights into current and future issues

Examines macroeconomic statistics, including GDP and unemployment rates, which are highly relevant to decision-making

May require prior knowledge in economics or related fields

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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 Macroeconomics - The Basics with these activities:

Find a Macroeconomics Mentor

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Identify and connect with a professional or academic who has expertise in macroeconomics to provide guidance and support throughout the course.

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Attend industry events or conferences to connect with potential mentors.
Reach out to professors or researchers in the field.
Explain your interest in macroeconomics and seek their mentorship.

Review Calculus

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Review basic calculus concepts to enhance your ability to analyze macroeconomic models and interpret economic data.

Browse courses on Calculus

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Review the concepts of derivatives and integrals.
Practice solving calculus problems.
Apply calculus techniques to analyze economic functions.

Review Microeconomics and Behavior

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Review the fundamental concepts of microeconomics and behavioral economics to enhance your comprehension of the course materials.

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Skim the table of contents to identify key chapters relevant to the course.
Read the assigned chapters and take notes on important concepts.
Identify real-world examples of microeconomic and behavioral economic principles.

Three other activities

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Econometrics Tutorial

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Complete an online econometrics tutorial to strengthen your understanding of data analysis and modeling techniques used in macroeconomics

Browse courses on Econometrics

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Identify an online econometrics tutorial that aligns with the course content.
Follow the tutorial instructions and work through the exercises.
Apply the learned techniques to analyze macroeconomic data.

Macroeconomic Data Analysis

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Practice analyzing and interpreting macroeconomic data using real-world datasets to enhance your ability to evaluate economic trends and patterns.

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Access macroeconomic data from reputable sources such as the World Bank or the IMF.
Apply data analysis techniques to identify trends, relationships, and outliers.
Interpret the results and draw meaningful conclusions.

Economic Policy Analysis Project

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Conduct an in-depth analysis of a specific economic policy, evaluating its impact on macroeconomic variables and recommending improvements for future implementation.

Browse courses on Economic Policy

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Select an economic policy that interests you.
Research the policy's objectives, mechanisms, and historical implementation.
Analyze the impact of the policy using data and econometric techniques.
Develop recommendations for improving the policy's effectiveness.

Career center

Learners who complete Macroeconomics - The Basics will develop knowledge and skills that may be useful to these careers:

Economist

Economists use their understanding of economic principles to analyze and solve economic problems. They may work in government, academia, or the private sector. This course provides a strong foundation in economic concepts and analytical tools that can be applied to a wide range of economic issues, making it a valuable resource for aspiring economists.

See salaries and explore the career path for Economist

Financial Analyst

Financial analysts use economic data and financial models to evaluate investments and make recommendations to clients. This course provides a solid understanding of macroeconomic principles and financial markets, which are essential for success in financial analysis.

See salaries and explore the career path for Financial Analyst

Market Research Analyst

Market research analysts study consumer behavior and market trends to help businesses develop marketing strategies. This course provides a strong foundation in economic principles and data analysis techniques that are essential for success in market research.

See salaries and explore the career path for Market Research Analyst

Actuary

Actuaries use mathematical and statistical techniques to assess risk and uncertainty. They work in a variety of industries, including insurance, finance, and healthcare. This course provides a strong foundation in probability and statistics, which are essential for success in actuarial science.

See salaries and explore the career path for Actuary

Data Scientist

Data scientists use statistical and computational techniques to analyze data and extract meaningful insights. They work in a variety of industries, including technology, healthcare, and finance. This course provides a strong foundation in data analysis techniques and economic principles, which are essential for success in data science.

See salaries and explore the career path for Data Scientist

Statistician

Statisticians use statistical methods to collect, analyze, and interpret data. They work in a variety of industries, including government, academia, and the private sector. This course provides a strong foundation in statistical methods and economic principles, which are essential for success in statistics.

See salaries and explore the career path for Statistician

Budget Analyst

Budget analysts use economic principles to analyze and manage budgets. They work in government, non-profit organizations, and businesses. This course provides a strong foundation in macroeconomic principles and budgeting techniques, which are essential for success in budget analysis.

See salaries and explore the career path for Budget Analyst

Financial Manager

Financial managers use economic principles to manage the financial resources of businesses. They work in a variety of industries, including manufacturing, retail, and healthcare. This course provides a strong foundation in macroeconomic principles and financial management techniques, which are essential for success in financial management.

See salaries and explore the career path for Financial Manager

Tax Manager

Tax managers use economic principles to manage the tax liabilities of businesses and individuals. They work in a variety of industries, including accounting, law, and finance. This course provides a strong foundation in macroeconomic principles and tax law, which are essential for success in tax management.

See salaries and explore the career path for Tax Manager

Investment Banker

Investment bankers use economic principles to advise businesses on mergers and acquisitions, capital raising, and other financial transactions. They work in a variety of industries, including finance, technology, and healthcare. This course provides a strong foundation in macroeconomic principles and financial markets, which are essential for success in investment banking.

See salaries and explore the career path for Investment Banker

Certified Public Accountant (CPA)

Certified Public Accountants (CPAs) use economic principles to audit financial statements, provide tax advice, and consult on financial matters. They work in a variety of industries, including accounting, finance, and healthcare. This course provides a strong foundation in macroeconomic principles and accounting techniques, which are essential for success as a CPA.

See salaries and explore the career path for Certified Public Accountant (CPA)

Business Consultant

Business consultants use economic principles to help businesses improve their performance. They work in a variety of industries, including manufacturing, retail, and healthcare. This course provides a strong foundation in macroeconomic principles and business management techniques, which are essential for success as a business consultant.

See salaries and explore the career path for Business Consultant

Sales Manager

Sales managers use economic principles to develop and implement sales strategies. They work in a variety of industries, including manufacturing, retail, and healthcare. This course provides a strong foundation in macroeconomic principles and sales management techniques, which are essential for success as a sales manager.

See salaries and explore the career path for Sales Manager

Marketing Manager

Marketing managers use economic principles to develop and implement marketing strategies. They work in a variety of industries, including manufacturing, retail, and healthcare. This course provides a strong foundation in macroeconomic principles and marketing techniques, which are essential for success as a marketing manager.

See salaries and explore the career path for Marketing Manager

Reading list

We've selected 14 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 Macroeconomics - The Basics.

Lectures on Macroeconomics

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This textbook provides a comprehensive overview of macroeconomics, covering topics such as economic growth, unemployment, inflation, and monetary policy. While the textbook assumes no prior knowledge of economics, its level of difficulty is appropriate for students who have taken an introductory economics course.

Macroeconomics - The Basics

What you'll learn

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What's inside

Learning objectives

Good to know

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Activities

Career center

Reading list

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