Learn Core Macroeconomic Theories and Understand Key Variables That Shape National and Global Economies
Welcome to Economics 1B: Basic Macroeconomics Theory and Variables, a beginner-friendly course designed to introduce you to the core principles of macroeconomics. In this course, you’ll explore how entire economies function, how economic performance is measured, and how governments and central banks influence growth, stability, and employment.
What you’ll learn
- Explain Key Macroeconomic Variables – Understand and describe concepts such as GDP, inflation, unemployment, and economic growth..
- Analyze the Functioning of the Economy – Evaluate how various sectors interact within an economy and how economic activity is measured..
- Interpret Economic Performance – Use macroeconomic indicators to assess the health and performance of a national economy..
- Understand Fiscal and Monetary Policy Tools – Identify how governments and central banks influence economic outcomes through policy decisions..
Course Content
- Introduction –> 11 lectures • 8hr 23min.
Requirements
Welcome to Economics 1B: Basic Macroeconomics Theory and Variables, a beginner-friendly course designed to introduce you to the core principles of macroeconomics. In this course, you’ll explore how entire economies function, how economic performance is measured, and how governments and central banks influence growth, stability, and employment.
We’ll start by examining the key macroeconomic variables—Gross Domestic Product (GDP), inflation, unemployment, interest rates, and national income—and how they reflect the health of an economy. You’ll learn how these indicators interact and what they reveal about economic trends and challenges in both national and global contexts.
The course will also guide you through fundamental macroeconomic theories, including classical, Keynesian, and modern approaches to understanding aggregate demand and supply, fiscal and monetary policy, and economic cycles. You’ll gain insight into how governments use policy tools to manage inflation, stimulate growth, and reduce unemployment.
By the end of this course, you’ll be equipped to analyze and interpret macroeconomic data, understand real-world economic issues, and apply foundational concepts to assess the performance of any economy.
This course is ideal for university students, non-economics majors, or anyone looking to gain a deeper understanding of how large-scale economies operate. No prior economics background is required—just a willingness to learn!