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A study of macroeconomics situates itself around a number of goals including economic growth, price stability, and full employment. The most prominent principle for macroeconomics is demand, supply and equilibrium. However, there is unimaginable depth to these 3 words and there is still a lot more to the principle of Economics which perhaps is not as easy to grasp. TutorDollar, hence, has introduced online classes help students to make this subject comparatively easier.
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Several topics are covered in our online macroeconomics course which includes Ten Principles of Economics, Thinking Like an Economist, Interdependence and the Gains from Trade, The Market Forces of Supply and Demand, Elasticity and Its Application, Supply, Demand, and Government Policies, Consumers, Producers, and the Efficiency of Markets, Application: The Costs of Taxation, Application: International Trade, Measuring a Nation's Income, Measuring the Cost of Living, Production and Growth, Saving, Investment, and the Financial System, The Basic Tools of Finance, Unemployment and Its Natural Rate, The Monetary System, Money Growth and Inflation, Open-Economy Macroeconomics: Basic Concepts, A Macroeconomic Theory of the Open Economy, Aggregate Demand and Aggregate Supply, The Influence of Monetary and Fiscal Policy on Aggregate Demand, The Short-Run Tradeoff between Inflation and Unemployment and Six Debates over Macroeconomic Policy.
This online course includes an introduction to the nature and methods of macroeconomics. By the end of this course, students should be able to:
1. Explain the economic way of thinking by applying the following: scarcity, specialization, opportunity costs, marginal analysis, and production possibility.
2. Apply the supply and demand model for economic analysis.
3. Define the key macroeconomic indicators used to measure the performance of the aggregate economy including output, price level, and employment.
4. Utilize the aggregate demand and supply model to explain the amount of goods/ services produced, the level of employment, and the price level.
5. Define fiscal policy, budget deficits, and the national debt and explain their impact on the macroeconomy.
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