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Country Level Economics: Macroeconomic Variables and Markets
Course
en
English
16 h
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- Self-paced
- Free Access
- Fee-based Certificate
- 4 Sequences
- Introductive Level
Course details
Syllabus
- Week 1 - Course Orientation
You will become familiar with the course, your classmates, and our learning environment. The orientation will also help you obtain the technical skills required for the course. - Week 1 - Module 1: Key Macroeconomic Indicators and Their Measurement
What do macroeconomic indicators like GDP, the unemployment rate, and inflation really mean? How are they measured? How should the figures for such variables be interpreted? - Week 2 - Module 2: GDP Components, Twin Deficits, and Balance of Payments
Expenditure is often different from income for individuals, but for the economy as a whole, aggregate income is always identical to aggregate expenditure. This has important implications for the functioning of the macroeconomy and the way policies affect it. T... - Week 3 - Module 3: The Foreign Exchange Market
How does the exchange rate affect the trade balance and foreign payments of an economy? How does the exchange rate interact with domestic and foreign prices to determine the competitiveness of an economy’s producers? Where does the exchange rate come from? Sin... - Week 4 - Module 4: Money, Interest Rate, and the Exchange Rate
The interest rate determines the exchange rate, the cost of capital, and the opportunity cost of using money. How is the interest rate determined? What factors drive the supply and demand for money? What constitutes money? What role do banks play in the moneta...
Prerequisite
None.
Instructors
Hadi Salehi Esfahani
Professor of Economics and Professor of Business Administration
Department of Business Administration, College of Business
Editor
The University of Illinois at Urbana-Champaign was founded in 1867 (UIUC). The main campus of the University of Illinois is located in the twin cities of Champaign and Urbana, two hundred kilometres south of Chicago.
This major university is ranked among the most prestigious in the world by various measurements, such as the Center for World University Rankings, which place it 22nd worldwide for the period 2020-21.
Platform
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