Macroeconomics
LEARN · CORE 02
Macroeconomics.
Understand output, employment, inflation, money, growth and policy as parts of one interconnected economic system.
ΣUNDERSTAND THE WHOLE
Economic activity
GDP, national accounts, prices, employment and evidence.
System dynamics
Expenditure, multiplier effects, cycles and aggregate adjustment.
Policy transmission
Fiscal, monetary, financial and international mechanisms.
Policy strategy
Trade-offs among stability, growth, resilience and inclusion.
START HERE
The Economy as a System
UPCOMING MODULE
Measuring Economic Activity: GDP
UPCOMING MODULE
The Circular Flow and National Accounts
UPCOMING MODULE
Aggregate Expenditure and Equilibrium Output
UPCOMING MODULE
The Multiplier Process
UPCOMING MODULE
Aggregate Demand and Aggregate Supply
UPCOMING MODULE
Inflation and the Price Level
UPCOMING MODULE
Unemployment and the Labour Market
UPCOMING MODULE
Business Cycles and Economic Fluctuations
UPCOMING MODULE
Money, Banking and Credit
UPCOMING MODULE
Monetary Policy and Central Banking
UPCOMING MODULE
Fiscal Policy, Deficits and Public Debt
UPCOMING MODULE
The Open Economy and Exchange Rates
UPCOMING MODULE
Economic Growth and the Policy Simulation
MODULE 01
The Economy
as a System
Begin by mapping households, firms, government, finance and the external sector. Discover how income, expenditure, production and policy connect through stocks, flows and feedback.
OBSERVE→MEASURE→SIMULATE→DECIDE
