Mastering Macroeconomics
GDP, IS-LM Curves, Aggregate Demand and Supply, Business Cycles
About This Course
Course Information
In recent times there has been a lot of discussion on global economics. This course will help build a better understanding around this topic and the most regular terms used, specifically: – Output and Income – in particular its importance to the study of macroeconomics and the various ways in which it is measured; – Appreciation of how GDP is calculated; – The Investment Savings Curve; – Aggregate Demand and Supply; and – Aspects of the business cycle.
Certificate on Completion
This course is made up of videos, questions and additional reading materials, and accounts for 4 units of CPD. One unit is the equivalent of one hour of learning.
Course Sections
This course is made up of the following sections:
- Aggregate output and income (video)
- Aggregate output and income (quiz)
- Gross Domestic Product (video)
- IS and LM Curves (video)
- GDP, IS and LM Curves (quiz)
- Aggregate demand and supply (video)
- Aggregate demand and supply (quiz)
- Business cycle and economic growth (video)
- AD, AS, business cycle and economic growth (quiz)
What You Will Learn
- Define aggregate output, aggregate income, and aggregate expenditure and explain why they are equal
- Calculate GDP using both the income approach and the expenditure approach and explain the statistical discrepancy between them
- Describe the IS curve and LM curve and explain how fiscal and monetary policy shifts each
- Explain the characteristics of the aggregate demand and aggregate supply curves, including what causes shifts in each
- Distinguish between recessionary (deflationary) gaps and inflationary (expansionary) gaps in relation to potential GDP
- Identify the phases of the business cycle and their relationship to GDP growth, employment, and price levels
- Compare nominal GDP with real GDP and explain the role of the GDP deflator in removing the effect of inflation
Who This Course Is For
- Finance professionals who want to build or refresh their understanding of macroeconomic concepts and their practical relevance
- Accountants and analysts who need to interpret economic indicators and understand how fiscal and monetary policy affect business conditions
- Professionals preparing for exams or roles that require knowledge of GDP measurement, aggregate demand and supply, and the business cycle
Prerequisites
- Basic awareness of economic terms such as GDP, inflation, and interest rates
- No advanced economics background is required; the course builds concepts progressively across four sections
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Course Details
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