Introduction to Macroeconomic Theory
Master fundamental macroeconomic concepts and analyze economic policies through this comprehensive introductory course.
Master fundamental macroeconomic concepts and analyze economic policies through this comprehensive introductory course.
This rigorous introductory course provides a solid foundation in macroeconomic principles, combining theoretical frameworks with practical applications. Students explore key economic indicators, market mechanisms, and policy interventions while examining crucial topics like GDP, unemployment, inflation, and international trade. Through visual arguments and real-world examples, learners develop a thorough understanding of how economies function at the aggregate level.
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What you'll learn
Understand GDP components and measurement techniques
Analyze labor market indicators and unemployment types
Examine the relationship between savings, investment and financial systems
Evaluate monetary policy and central banking operations
Understand international trade dynamics and exchange rates
Assess fiscal and monetary policy effectiveness
Skills you'll gain
This course includes:
PreRecorded video
Graded assignments, exams
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Limited Access access
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There are 6 modules in this course
This comprehensive course explores fundamental macroeconomic concepts and their real-world applications. The curriculum covers essential topics including GDP measurement, labor markets, monetary systems, international trade, and economic policies. Students learn to analyze economic indicators, understand market mechanisms, and evaluate policy interventions. The course emphasizes practical understanding through visual explanations and realistic examples, providing a strong foundation in macroeconomic analysis.
Introduction and Gross Domestic Product
Module 1
Savings and Investment. Labor Market. Consumer Price Index
Module 2
Money, monetary system and inflation
Module 3
Open economies and exchange rates
Module 4
Economic fluctuations
Module 5
Fiscal and Monetary Policies
Module 6
Fee Structure
Instructors
2 Courses
Distinguished Economic Theorist and Auction Design Expert
Angel Hernando-Veciana serves as Full Professor in the Department of Economics at Universidad Carlos III de Madrid, where he also directs the Master's program in Industrial Economics and Markets. After completing his PhD from University College London in 2001, he has established himself as a leading researcher in microeconomics, mechanism design, and information economics. His research has significantly advanced understanding of auction theory, with influential publications on topics including bidding markets, information acquisition in auctions, and financial constraints in market dynamics. As main coordinator of "Principles of Economics" since 2004, he has shaped economic education while maintaining an active research agenda that includes publications in prestigious journals like Journal of Economic Theory, Games and Economic Behavior, and Theoretical Economics. His teaching portfolio spans undergraduate to PhD levels, covering areas from introductory microeconomics to advanced mechanism design and auction theory. His work has garnered over 200 citations, particularly for his contributions to understanding signal complementarity and competition among auctioneers in large markets.
1 Course
Distinguished Economic Historian and Pre-Industrial Economics Expert
Esteban Alberto Nicolini Alessi serves as Co-Director of the Master's in Sustainable Development and Global Governance and Deputy Director of the Social Sciences Department at Universidad Carlos III de Madrid. His research focuses on economic inequality in pre-industrial societies, monetary systems, and regional development patterns. His influential works include groundbreaking analysis of income and wealth inequality in 18th-century Spain, studies of monetary circulation in post-independence Argentina, and demographic-economic interactions in pre-industrial England. His publications in leading journals have advanced understanding of historical economic patterns, particularly in analyzing cost of living differences in early 20th-century Argentina and developing new methods for estimating money demand in pre-industrial economies. As a faculty member, he combines teaching excellence with innovative research in economic history, contributing significantly to understanding long-term economic development patterns and regional inequalities.
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4.4 course rating
9 ratings
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