Module 1: Introduction to Macroeconomics
- Introduction
- Macroeconomic Pathologies
- 21st Century Perspectives on Macroeconomics
- International Comparisons of Income
- GDP & Well-Being
Module 2A: Output Determination & Employment
- Full-Employment Economy
- Deriving GDP | Part I
- Deriving GDP | Part II
- Labor & Saving | Part I
- Labor & Saving | Part II
Module 2B: Output Determination & Employment
- Economic Growth
- Partial-Employment Economy
- Business Cycles
- Aggregate Demand Management
- Problems with Aggregate Demand Management
- Output Determination in the IS-LM Model
Module 3: Labor Markets
- Labor Markets, Concepts, Definitions & Groups
- Labor Market Institutions: Minimum Wages, Unionization & Contracts
- Costs of Unemployment, Digitization of Labor, Informality & Underemployment
Module 4: Money & Central Banking
- Money vs. Barter: History & Concepts
- Money Demand
- Money Supply: the Role of the Central Bank
- The Central Bank: New Approaches to Monetary Policy
Module 5: Exchange Rates
- Exchange Rate Arrangements
- PPP & Interest Rate Arbitrage
- The Real Exchange Rate & the Role of Non-Traded Goods
- Monetary Policy: Fixed & Floating Exchange Rates
- Currency Crises
Module 6: Financial Markets & Crises
- Bank Runs & Panics | Part I
- Bank Runs & Panics | Part II
- Preventing Bank Runs
- Bubbles & Crashes
- Managing Insolvencies
- When Governments Go Broke
Module 7: Inflation, Unemployment & Stabilization
- Inflation, the Fiscal Deficit & Seigniorage
- The Costs of Inflation
- Inflation, Unemployment & the Phillips Curve
- Stabilization Themes
Module 8: Consumption, Saving & Investment
- Consumption, Saving & the Intertemporal Budget Constraint
- Permanent Income Consumption Theory
- Life Cycle Model of Consumption & Saving
- Investment
- Basic Theory of Business Investment
Module 9: Fiscal Policy and Institutions
- Budget, Public Revenues & Expenditures
- Saving, Investment, the Fiscal Deficit & Management of Public Debt
- Interactions Between Public & Private Sectors
- Fiscal Institutions & Policies
Module 10: Open Economy Issues
- Aggregate Demand in an Open Economy
- Aggregate Demand with a Flexible Exchange Rate
- Aggregate Demand with a Fixed Exchange Rate
- The Current Account & External Indebtedness
- The Intertemporal Budget Constraint of a Country
Module 11: Economic Growth
- Economic Growth in History, Patterns & Sectors
- Sources of Economic Growth
- Solow’s Growth Convergence Model
- Growth & Inequality
- Growth Traps
Module 12: Globalization
- What is Globalization?
- Development of the Global Economic System
- Globalization of Population Systems
- Crises of Poverty & Inequality
- Challenge of Sustainable Development
