his course provides a comprehensive introduction to macroeconomics, the branch of economics that studies the behavior of entire economies. Based on MIT’s 14.02 Principles of Macroeconomics, it is designed for beginners and intermediate learners who want to understand economic principles that drive national and global markets.
The course begins with an overview of macroeconomics, including its key concepts, importance, and applications. Students will learn how macroeconomists analyze economic performance, growth, and policy implications.
Next, the course introduces basic macroeconomic concepts, including GDP, inflation, unemployment, and fiscal and monetary policy. Learners will understand how these variables affect economic stability and individual decision-making.
The course then covers the goods market, exploring how supply and demand determine output and prices in an economy. Following this, learners study the financial market, learning how interest rates, money supply, and financial institutions influence investment and consumption.
Finally, the course introduces the IS-LM model, a core analytical framework that illustrates the interaction between the goods and financial markets. This model helps learners understand equilibrium in an economy and the effects of fiscal and monetary policies.
By the end of the course, students will have a solid understanding of macroeconomic principles, analytical tools, and how policy impacts economic outcomes.
