About this Course
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Approx. 18 hours to complete

Suggested: 4 weeks of study, 4-6 hours/week...


Subtitles: English

Skills you will gain

EconomicsInterest RateSupply ChainMarket (Economics)

100% online

Start instantly and learn at your own schedule.

Flexible deadlines

Reset deadlines in accordance to your schedule.

Approx. 18 hours to complete

Suggested: 4 weeks of study, 4-6 hours/week...


Subtitles: English

Syllabus - What you will learn from this course

1 hour to complete

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.

1 video (Total 8 min), 5 readings, 1 quiz
5 readings
About the Discussion Forums10m
Updating Your Profile10m
Social Media10m
1 practice exercise
Orientation Quiz10m
3 hours to complete

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?

9 videos (Total 83 min), 2 readings, 6 quizzes
9 videos
1-1.1. Introduction to Macroeconomic Indicators and the Sources of Macroeconomic Data7m
1-2.1. The Unemployment Rate: Definition and Measurement7m
1-3.1. GDP: Definition18m
1-3.2. GDP: Measurement12m
1-3.3. GDP: Improvements in Real GDP Measurement6m
1-3.4. GDP: Comparison Across Countries12m
1-4.1. The Price Level and Inflation: The Basics7m
1-4.2. Problems in Measuring the Cost of Living Inflation9m
2 readings
Module 1 Overview10m
Module 1 Readings10m
5 practice exercises
Lesson 1-1 Practice Quiz4m
Lesson 1-2 Practice Quiz6m
Lesson 1-3 Practice Quiz10m
Lesson 1-4 Practice Quiz6m
Module 1 Quiz20m
2 hours to complete

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. The income-expenditure identity is also fundamental to the ways various part of the economy with different processes interact with each other. For example, it sheds a lot of light on the formation of the trade deficit and its connection with budget deficit and private savings.

5 videos (Total 43 min), 2 readings, 4 quizzes
5 videos
2-1.1. Components of GDP10m
2-1.2. The Roles of Government and the Rest of the World in the Macroeconomy8m
2-2.1. The Fundamental Macroeconomic Identity and GDP Components15m
2-3.1. The Balance of Payments7m
2 readings
Module 2 Overview10m
Module 2 Readings10m
4 practice exercises
Lesson 2-1 Practice Quiz4m
Lesson 2-2 Practice Quiz4m
Lesson 2-3 Practice Quiz6m
Module 2 Quiz20m
3 hours to complete

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? Since currencies are assets that can be bought and resold at different times, their exchange rates must depend on expectations and futures markets. How do the spot and forward exchange rates interact with the expected rates of future dates?

5 videos (Total 61 min), 2 readings, 4 quizzes
5 videos
3-1.1. The Foreign Exchange Market Basics8m
3-1.2. The Exchange Rate and Competitiveness13m
3-2.1. Spot and Forward Markets for Foreign Exchange23m
3-2.2. Current and Future Spot Markets for Foreign Exchange14m
2 readings
Module 3 Overview10m
Module 3 Readings10m
3 practice exercises
Lesson 3-1 Practice Quiz8m
Lesson 3-2 Practice Quiz10m
Module 3 Quiz20m
2 hours to complete

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 monetary system? How do central banks influence the money market and the interest rate?

5 videos (Total 76 min), 2 readings, 3 quizzes
5 videos
4-1.2. Money Supply24m
4-1.3. Money Demand9m
4-2.1. Money Market Equilibrium18m
4-2.2. Money, Inflation, and Interest Rate in the Short Run and the Long Run13m
2 readings
Module 4 Overview10m
Module 4 Readings10m
3 practice exercises
Lesson 4-1 Practice Quiz8m
Lesson 4-2 Practice Quiz8m
Module 4 Quiz20m
53 ReviewsChevron Right


got a pay increase or promotion

Top reviews from Country Level Economics: Macroeconomic Variables and Markets

By ABJul 23rd 2017

Great course for a beginner like me. All the concepts are explained clearly with examples. The language used is simple which makes it easy to understand.

By SZSep 19th 2018

Concise yet very helpful. The reading material is well prepared. After this course, I can fully understand all the financial news.



Hadi Salehi Esfahani

Professor of Economics and Professor of Business Administration
Department of Business Administration, College of Business

Start working towards your Master's degree

This course is part of the 100% online Master of Business Administration (iMBA) from University of Illinois at Urbana-Champaign. If you are admitted to the full program, your courses count towards your degree learning.

About University of Illinois at Urbana-Champaign

The University of Illinois at Urbana-Champaign is a world leader in research, teaching and public engagement, distinguished by the breadth of its programs, broad academic excellence, and internationally renowned faculty and alumni. Illinois serves the world by creating knowledge, preparing students for lives of impact, and finding solutions to critical societal needs. ...

About the Managerial Economics and Business Analysis Specialization

In order to effectively manage and operate a business, managers and leaders need to understand the market characteristics and economic environment they operate in. In this Specialization, you will build a solid understanding of the operation of markets and the macro-economic environment with real-world examples. You will be able to identify firm and country-level economic factors that impact business decisions, develop an analytical framework using statistical tools, and apply economic theory and data in the analysis of business environment and trends to make effective business decisions. The capstone project involves an in-depth analysis of an actual business situation in which you will examine the global economic environment of a business. The final project will be a business plan that uses statistical tools and economic theory to create a comprehensive analysis of the microeconomic and macroeconomic environment in which the focal company operates. This Specialization is part of the University of Illinois Masters of Business Administration degree program, the iMBA. Learn more about the admission into the program here and how your Coursera work can be leveraged if accepted into the program. You can also start with for-credit courses within the Illinois iMBA degree program....
Managerial Economics and Business Analysis

Frequently Asked Questions

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  • When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.

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