Macroeconomics

Analyze the performance of the national economy and its links to the global economy, in addition to examining aspects of the economy from an aggregate perspective. You will also learn about the basic tools used by economists during this course.

What you’ll learn

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Macroeconomics

$79

Plus membership

3 Credits

All courses include:

eTextbooks

2 to 3-day turnaround for grading

Multiple chances to improve your grade

On-demand tutoring & writing center

Student support 7 days a week

$79

Plus membership

3 Credits

All courses include:

eTextbooks

2 to 3-day turnaround for grading

Multiple chances to improve your grade

On-demand tutoring & writing center

Student support 7 days a week

Macroeconomics

$79

Plus membership

3 Credits

About This Course

|
ACE Approved 2021

Macroeconomics analyzes the performance of the national economy and its links to the global economy, in addition to examining aspects of the economy from an aggregate perspective.

What You'll Learn

Identify and apply relevant terminology and concepts to economic issues and problems.

Compare and contrast the market system of economics with other systems.

Analyze and synthesize the public and private sectors of the U.S. economy.

Explain and synthesize the components of the National Income and Product Accounts.

Describe the macroeconomic goals and problems.

Analyze and synthesize short-run and long-run models of macroeconomic activity.

Analyze government macroeconomic policy tools, and explain how they are used to stabilize the macroeconomy.

Compare and contrast various macroeconomic theories.

Analyze and synthesize international economic activity, and use the results to predict the impact on U.S. macroeconomic activity.

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Course Details

ECON101

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Macroeconomics

Learn about the basic tools of economists, and get an overview of the interrelated components of the U.S. economy in our online Macroeconomics course. Additionally, topics like supply, demand, economic measures, growth, employment, and inflation, as they relate to the business cycle and the health of the economy, are examined.

Prerequisites

There are no prerequisites to take Macroeconomics.

Topic Subtopics
Basics of Macroeconomics
  • The Economic Perspective
  • Theories, Principles, and Models
  • Macroeconomics and Microeconomics
  • Measuring Costs and Benefits
  • Graphs
The U.S. Economy
  • Trade Specialization and Comparative Advantage
  • The Foreign Exchange Market
  • Government and Trade
  • Trade Organizations and Agreements
  • Trade Barriers
  • The Case for Protection
  • Production Possibilities Curve
Basics of Supply and Demand
  • Economic Systems
  • Characteristics of the Market System
  • Markets
  • Demand
  • Supply
  • Market Equilibrium
Measuring Economic Outcomes
  • Gross Domestic Product
  • The Expenditures Approach to Calculating GDP
  • The Income Approach to Calculating GDP
  • Nominal GDP versus Real GDP
  • Shortcomings of GDP
Inflation
  • Inflation
  • The Consumer Price Index
  • Interest Rates
  • Redistribution
  • The Fisher Effect
Economic Growth
  • Economic Growth
  • Ingredients of Growth
  • Production Possibilities Analysis
  • Accounting for Growth
  • Is Growth Desirable and Sustainable?
Unemployment and Employment
  • Unemployment
  • The Labor Market
Saving, Capital Formation and Financial Markets
  • The Income-Consumption Relationship
  • The Income-Saving Relationship
  • The Interest Rate-Investment Relationship
Interest Rates and Monetary Policy
  • The Functions of Money
  • The Components of Money Supply
  • The Fractional Reserve System
The Business Cycle
  • The Business Cycle
  • Fluctuations
  • The Output Gap
  • Unemployment
Aggregate Expenditures
  • Equilibrium GDP
  • Changes in Equilibrium GDP
  • Limitations of the Model
  • The Interest Rate-Investments Relationship
  • Built-In Stability
Fiscal Policy
  • Interest Rates
  • Tools of Monetary Policy
  • Targeting the Federal Funds Rate
  • Monetary Policy, Real GDP, and the Price Level
  • Monetary Policy: Evaluation and Issues
Aggregate Demand and Aggregate Supply
  • The Aggregate Demand-Aggregate Supply Model
  • Aggregate Demand
  • Changes in Aggregate Demand
  • Aggregate Supply
  • Changes in Aggregate Supply
  • Equilibrium and Changes in Equilibrium
  • From Short Run to Long Run
  • Stabilization Policy
Monetary Policy and the Economy
  • Taxation and Aggregate Supply
  • Stabilization Policy
  • Fiscal Policy
Exchange Rates, International Trade and Capital Flows
  • The Economic Basis for Trade
  • Supply and Demand Analysis of Exports and Imports
  • The Balance of Trade
  • The Foreign Exchange Market
  • Flexible Exchange Rates
  • Fixed Exchange Rates
  • International Exchange Rate Systems
  • Recent U.S. Trade Deficits

Your score provides a percentage score and letter grade for each course. A passing percentage is 70% or higher.

Assignments for this course include:

  • 4 Graded Exams
  • 1 Graded Midterm
  • 1 Graded Final


The required eTextbook for this course is included with your course purchase at no additional cost.


Frank, Robert H., Ben S. Bernanke, Kate Antonovics, and Ori Heffetz. Principles of Macroeconomics. 8th ed., McGraw Hill, 2022. ISBN: 9781264250318


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