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Fundamentals of Macroeconomics

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1.5 Hrs

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Fundamentals of Macroeconomics

1.5 Learning Hours . Beginner

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Skills you will learn

Macroeconomics
Microeconomics
Macroeconomics vs Microeconomics
Factors of production
Different sectors in the economy
Key markets in the economy

About this course

The introduction to macroeconomics course will provide an overview of the concept of Macroeconomics and the major difference between microeconomics and macroeconomics. Also provides an overview of factors of production, key markets in the economy, circular flow, and three runs of economics.

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Course Outline

Basic concepts in Macroeconomics

This module explores the fundamental economic concepts, from Gross Domestic Product (GDP) and inflation to unemployment. It discusses the macroeconomic indicators shaping national economic scenarios and policy decisions.

Circular Flow of Income Model

This module explains how goods, services, and money circulate between households and businesses or between other economic agents. It projects the interconnectivity of economic agents and their roles in sustaining an equilibrium point.
 

The Three Runs

This module uncovers the significance of the Three Runs in the economic landscape – Expansion, Recession, and Recovery. It analyzes their interactions and how they influence economic activities, offering a holistic view of the complex relationships driving macroeconomic dynamics.
 

Earn a certificate of completion

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Fundamentals of Macroeconomics

1.5 Learning Hours . Beginner

Enrol free with email
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Learner reviews of the free Management course

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Reviewer Profile
Anisha Anand

5.0

★★★★ ★
Good... The Tools and the Skills I've Learned Were So Good
I really enjoyed the online course. I thought it was well-planned and laid out, easy for me to follow. The platform was really good and helpful. I really enjoyed it and learned a lot. The online course was well-structured and informative, providing valuable resources and engaging content. The instructors were knowledgeable and responsive to questions, fostering a supportive learning environment.
Reviewer Profile
Irin Mariya Binny

5.0

★★★★ ★
This Course is Very Helpful to Me to Know Deeply About Micro and Macro Economics
This course is really helpful and it provided me with deep knowledge about economics.
Reviewer Profile
John Glenndon

5.0

★★★★ ★
The Visualizations Were the Highlight; It Was Really Easy to Follow with Them
The session kept me really engaged and curious to learn more about the topic.

Frequently Asked Questions

Will I receive a certificate upon completing this free course?

Yes, upon successful completion of the course and payment of the certificate fee, you will receive a completion certificate that you can add to your resume.

Is this course free?

Yes, you may enrol in the course and access the course content for free. However, if you wish to obtain a certificate upon completion, a non-refundable fee is applicable.

What are the key concepts covered in Fundamentals of Macroeconomics?

The key concepts of this course are GDP, inflation, unemployment, fiscal and monetary policies, factors of production, economic sectors, and key markets.
 

Why is understanding GDP important?

The economic condition of a nation can be measured by its GDP. So, this concept will help you learn about the country’s financial health.

How do monetary policies impact the economy?

Monetary policies can influence economic growth and regulate interest rates, money supply, and inflation.

What are the key factors of production?

The key factors of production are land, labor, capital, and entrepreneurship.

How can the labor market shape the economy?

They influence resource allocation, income distribution, and overall economic efficiency.

What career paths do Fundamentals of Macroeconomics course open up?

This course teaches the skills necessary to become a good economist, financial analyst, policy analyst, and business manager.
 

Can this course help me comprehend real-world economic issues?

Yes, this course will help you gain practical knowledge to analyze and understand the complexities of national economic dynamics.
 

What is the practical implication of the Circular Flow of Income Model?

It illustrates the intricate relationships between different economic agents, offering an understanding of economic interdependencies.
 

What critical skills will I develop after this course?

This course imparts skills like analytical thinking, data interpretation, and decision-making that are highly sought-after in professional domains.
 

Why is learning the distinction between macro and microeconomics important?

Microeconomics deals with individual economic units, while macroeconomics focuses on the economy. Understanding their difference will offer you a comprehensive insight into economic forces. 
 

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