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Back to Country Level Economics: Policies, Institutions, and Macroeconomic Performance

Learner Reviews & Feedback for Country Level Economics: Policies, Institutions, and Macroeconomic Performance by University of Illinois at Urbana-Champaign

4.4
280 ratings
35 reviews

About the Course

This course examines macroeconomic performance in the short run and the long run based on the economy’s institutional and policy environment. The first module develops a model of macroeconomy in the short run when the price level has its own momentum and does not respond much to supply and demand forces. The model enables one to see how GDP, interest rate, and exchange rate are determined in the short run and how they respond to macroeconomic shocks and policies. The second module starts the analysis of long-run equilibrium by examining the foreign exchange market. It then connects the long-run outcome with expectations about the future trends in the exchange rate at each moment, which constitute a key driver of the spot exchange rate in the short run. The methodology developed for this purpose can be applied to expectations concerning other macroeconomic variables as well. Finally, the long-run foreign exchange model is employed to derive a number of important lessons for the long run trends in currency values and competitiveness of producers in various countries. The third module examines the drivers of aggregate output in the long run and the mechanisms of adjustment from the short run to the long run. The model provides insights about why some countries are much richer than others and why some economies grow faster than others over decades. The analysis also sheds light on why inflation varies across countries or over time in the same country. The model is employed to analyze the sources of macroeconomic instability and the roles of fiscal and monetary policies in stabilization or destabilization of the macroeconomy. The final module discusses the characteristics of desirable macroeconomic policies and the reasons why actual policies deviate from them. It connects these deviations to country characteristics that one needs to take into account when assessing a country’s long-term macroeconomic environment. The module ends with a discussion of the institutional conditions that help bring about better fiscal and monetary policies. At the end of this course, you will be able to: • Understand how the market for aggregate goods and services interacts with the money market to shape the macroeconomic equilibrium that determines income, interest rate, and exchange rate in the short run. • Understand the links between the short-run and long-run processes. • Assess the dynamic effects of macroeconomic policies and understand the roles of globalization, government policies, institutions, and expectations in macroeconomic outcomes. This course is part of the iMBA offered by the University of Illinois, a flexible, fully-accredited online MBA at an incredibly competitive price. For more information, please see the Resource page in this course and onlinemba.illinois.edu....

Top reviews

VS

Jul 10, 2018

Great course! Gives you a great start to understanding the rationale underlying economic events in the country and the world! Excellent complement to MicroEconomics

JK

Jul 08, 2019

Very informative and educational. After taking this class I understand more about the news and economy than ever before.

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1 - 25 of 34 Reviews for Country Level Economics: Policies, Institutions, and Macroeconomic Performance

By Jonathon D

Jul 03, 2019

The material is too choppy and the technical difficulties are too distracting. I was distracted by the overuse of morph cuts and sound effects embedded in the PowerPoint lectures. Also, the lecture materials needs to be chunked even more, since there are a lot of lectures that last longer than 12 to 15 minutes. One piece of advise, I would like to see the professor read a script of his lectures instead of adlib and/or improvising the material. Writing scripts to his lecture material will definitely tighten up the time issue in his lectures, and will have better flow and seamless pedagogy when delivering information to students. One cannot use the same rules for teaching in a traditional lecture hall for online education. They are apples and oranges.

By Edmundo X G M

Jul 11, 2018

Excellent Professor!

By Vineet S

Jul 10, 2018

Great course! Gives you a great start to understanding the rationale underlying economic events in the country and the world! Excellent complement to MicroEconomics

By syedzainaliraza

Dec 11, 2016

Excellent course!!

By Kathy L

Jul 25, 2017

Solid easily comprehensible, macroeconomic factors and real world examples.

By Leonardo H

Jul 06, 2018

the best course in macroeconomics

By Guilherme C

Sep 11, 2017

Very good content, relevant and objective.

By Damanjit

Jul 21, 2017

Great stuf!!

By Dmitrii I

Apr 19, 2018

great course

By Charlotta S R

Jan 17, 2017

superinteresting

By Silvye M C S

Jul 09, 2018

Great foundation to macroeconomics that is relevant right away!

By Johanne P

Jul 17, 2018

Excellent course information. Applicable to real world scenarios.

By Artem A

Jul 03, 2019

Awesome course! Thanks.

By Clinton E F I

Jul 01, 2019

Good content

By Roberta J

Jul 05, 2019

Very good course, I learned a lot from Prof. Hadi Esfahani. I hope to have him again in the future!

By Keith K D

Jul 05, 2019

I learned a lot, very informative and sometime difficult class but worth the effort.

By Helen F

Jul 07, 2019

excellent course!

By Felipe R

Jul 08, 2019

Awesome course!

By Joshua K

Jul 08, 2019

Very informative and educational. After taking this class I understand more about the news and economy than ever before.

By Nikhil V V

Jul 10, 2019

Amazing course and Professor

By Nadia G

Jul 09, 2019

Great course- very insightful!

By Jacques P P

Feb 18, 2019

Interesting material and a couple of useful practical exercises

By Eliane D

Mar 11, 2018

It was not easy to understand but good to know.

By Romain V

Oct 07, 2016

Interesting course which goes one level dee

By Chris M

Jul 07, 2018

Better than the previous