Principles of Macroeconomics (EN)

Von James DeNicco

(1)

Understanding the Fundamental Issues of Macroeconomics

This course provides an introduction to aggregate economic analysis and using the aggregate demand/aggregate supply model for the determination of output, employment, and prices.

It is targeted at those who desire to learn the fundamentals of Macroeconomics. It will be valuable to those who are learning about macroeconomics for the first time or are looking to revisit the fundamentals of Macroeconomics. After this course, you should be able to do the following:

1. Describe how inflation, unemployment and GDP are used to measure macroeconomic performance.
2. Describe how unemployment is used to measure macroeconomic performance.
3. Describe GDP is used to measure macroeconomic performance.
4. Identify the primary sources of economic growth.
5. Explain the observed cross-country differences in income per capita.
6. Explain the interaction between aggregate demand and aggregate supply to determine the price level, real GDP, and employment.
7. Identify the structure and functions of a central bank.
8. Explain the factors influencing international trade and financial flows.
9. Analyze policy responses to business cycle shocks.

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