Certification in Microeconomics and Macroeconomics theory

Complete guide applicable to Microeconomics and Macroeconomic theory and it’s different concepts with examples
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Udemy
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English
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Economics
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Certification in Microeconomics and Macroeconomics theory
1 095
students
21.5 hours
content
Mar 2024
last update
$29.99
regular price

Why take this course?

¡Hola! It looks like you've provided an outline for a course on Macroeconomics that covers both the classical and Keynesian perspectives, as well as other important economic concepts. This outline is quite comprehensive and would certainly serve as a solid foundation for a university-level course in macroeconomics.

Here are some suggestions to expand upon each section, along with potential assignments:

  1. Introduction to Economics

    • Discuss the importance of economics in understanding social behavior and resource allocation.
    • Include key concepts such as scarcity, choice, incentives, and markets.
  2. Measurement of National Income

    • Elaborate on different methods of calculating GDP (e.g., production, income, and expenditure approaches).
    • Assignment: Analyze the latest GDP report from a country of your choice and discuss its implications.
  3. National Income Accounting

    • Cover the basic accounting identities (GDP = C + I + G + NX).
    • Assignment: Create a simple spreadsheet model to calculate the various components of GDP for a given country.
  4. The importance of social and national accounting

    • Discuss how national accounts data inform policy decisions and economic analysis.
    • Assignment: Critically evaluate the limitations of national accounts data.
  5. Classical Theory of Employment

    • Explain the classical view that markets are always in equilibrium and unemployment is the result of price flexibility.
    • Assignment: Compare and contrast the views of Adam Smith, David Ricardo, and Alfred Marshall on employment.
  6. Keynesian Theory of Employment

    • Describe how Keynes argued that aggregate demand can determine output and that unemployment could exist even in a competitive market economy.
    • Assignment: Explain how the Great Depression influenced Keynes's ideas.
  7. Theory of Consumption Function

    • Discuss different theories explaining consumption decisions (absolute vs. relative income hypothesis).
    • Assignment: Analyze consumer behavior data to determine the prevailing theory in a selected economy.
  8. Relative Income Hypothesis

    • Explain why consumers might save or borrow when their income rises relative to others.
    • Assignment: Design a survey to collect data on consumer behavior based on relative income changes.
  9. Permanent Income and Life Cycle Hypothesis

    • Describe how these theories take into account the temporal pattern of income over a lifetime.
    • Assignment: Compare the permanent income hypothesis with the life cycle hypothesis using real-world data.
  10. Monetary Policy

    • Discuss the goals of monetary policy and how it affects the economy.
  11. Assignments

    • Microeconomics Examples or Case Studies: Create a scenario where microeconomic principles apply.
    • Microeconomics sample project: Develop a small business model incorporating supply and demand curves.
    • Introduction to Microeconomics: Discuss basic economic concepts, such as opportunity cost, and how they underpin market behavior.
    • Introduction to Macroeconomics: Explain key macroeconomic concepts, like inflation, fiscal policy, and international trade and finance.
    • Macroeconomics Examples or Case Studies: Analyze a recent economic event (e.g., a financial crisis) through the lens of macroeconomic theory.
    • Macroeconomics sample project: Design a macroeconomic model that can be used to predict economic outcomes based on historical data. This outline provides a comprehensive framework for learning and applying macroeconomic concepts in real-world scenarios. It's well-structured, covering both the theoretical and practical applications of these concepts. Good luck with your course!

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5839490
udemy ID
24/02/2024
course created date
17/03/2024
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