Macroeconomics online course:

The course (you can find it here) is a free, easy and fun first step into Macroeconomics. For myself, who only studied Economics one semester in the 11th grade, this course was a very good intro to Macroeconomic topics like GDP, Inflation, etc.

The course is made up of six Modules. Each module is made up of five Lessons, and each lesson is made up of three to eight short video clips (like the one in this link) and 1-3 optional in-depth articles. The course starts with the above introductory video, and the usual videos are like the one in this link (components of GDP). The course curricula is made up of the following modules and lessons:

  1. GDP: Measuring national income
    • Introduction to economics
    • GDP and the circular flow of income and expenditures
    • Components of GDP
    • Real and nominal GDP
    • National income and inequality
  2. Inflation – measuring the cost of living
    • Measuring cost of living – inflation and the consumer price index
    • Real and nominal return
    • Deflation
    • Inflationary and deflationary scenarios
    • The Phillips curve: Inflation and unemployment
  3. Aggregate demand and aggregate supply
    • Aggregate demand and aggregate supply
    • Historical circumstances explained by AD/AS
    • The business cycle
    • Monetary and fiscal policy
    • Keynesian thinking
  4. The monetary system
    • Fractional reserve banking
    • Money supply
    • Fractional reserve accounting
    • Interest as the price of money
    • Functions of money
  5. Income and expenditure: Keynesian cross and IS-LM model
    • Marginal propensity to consume (MPC)
    • Consumption function
    • Keynesian cross
    • IS-LM model
    • Articles on the Keynesian perspective
  6. Foreign exchange and trade
    • Balance of payments – current account and capital account
    • Currency reserves

I usually did a module in one week while commuting to work, and maybe one or two hours in the weekend. So in about six weeks time, you can also have some basic macroeconomics knowledge. I can’t say that I fully understand it (like an economics graduate or professor does), but for me, now the main media articles about the economy and part of the proposed legislation (that directly influences the economy) make more sense now.

Other Macroeconomics online courses:

  • Coursera – mosly free (without exams) and paid (with exams)
  • edX – mostly free (without exams) and paid (with exams)
  • Udemy – mostly paid (~15 euros) courses, but also some are free

Who is Kan Academy?

… is a website that provides free access to online courses. In their own words:
Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We’ve also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content.

Vezi si:
MICROeconomics full course (from Khan Academy)
America’s Written Constitution course (from Yale)
Frederic Bastiat – The Law (book, audiobook)

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