About this Course
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Start instantly and learn at your own schedule.

Flexible deadlines

Reset deadlines in accordance to your schedule.

Approx. 25 hours to complete

Suggested: 13 hours of videos and quizzes...

English

Subtitles: English, Spanish, Chinese (Simplified)

100% online

Start instantly and learn at your own schedule.

Flexible deadlines

Reset deadlines in accordance to your schedule.

Approx. 25 hours to complete

Suggested: 13 hours of videos and quizzes...

English

Subtitles: English, Spanish, Chinese (Simplified)

Syllabus - What you will learn from this course

Week
1
1 hour to complete

Welcome

...
1 video (Total 9 min), 1 reading, 1 quiz
1 reading
Syllabus10m
1 practice exercise
Check Your Economics Knowledge (Ungraded)s
Week
2
2 hours to complete

An Overview of Modern Macroeconomics

...
5 videos (Total 33 min), 1 reading, 1 quiz
5 videos
Major Macroeconomic Policy Tools 4m
The Major Schools of Macroeconomics4m
Demand-Pull Inflation Versus Cost-Push Inflation, The Keynesian Dilemma & Rise of Monetarism 6m
From Supply Side Economics and The New Classicals Back to Keynesianism 7m
1 reading
Module Overview10m
1 practice exercise
An Overview of Modern Macroeconomics 52m
Week
3
2 hours to complete

The Aggregate Supply-Aggregate Demand Model and the Classical-Keynesian Debate

...
6 videos (Total 35 min), 1 reading, 1 quiz
6 videos
The Two Pillars of Classical Economics 6m
Why Classical Economics Failed 2m
The AS-AD Framework 4m
Why the AS and AD Curves Shift 7m
Three Ranges of the Economy 7m
1 reading
Module Overview10m
1 practice exercise
The Aggregate Supply-Aggregate Demand Model and the Classical-Keynesian Debate56m
Week
4
2 hours to complete

The Keynesian Model and Fiscal Policy

...
5 videos (Total 42 min), 1 reading, 1 quiz
5 videos
Analysis of the Keynesian Model 7m
The Keynesian Expenditures Functions 7m
The Keynesian Multiplier and Closing Recessionary or Inflationary Gaps11m
Strengths and Weakness of the Keynesian Model 8m
1 reading
Module Overview10m
1 practice exercise
The Keynesian Model and Fiscal Policy18m
Week
5
2 hours to complete

The Federal Reserve and Monetary Policy

...
7 videos (Total 41 min), 1 reading, 1 quiz
7 videos
All About Money 3m
All About Interest Rates 3m
Determinants of Money Demand 3m
How Paper Money is Created and the Money Multiplier 8m
An Example of a Central Bank- The U.S. Federal Reserve 9m
Monetary Versus Fiscal Policy9m
1 reading
Module Overview10m
1 practice exercise
The Federal Reserve and Monetary Policy26m
Week
6
2 hours to complete

Unemployment, Inflation, and Stagflation

...
8 videos (Total 44 min), 1 reading, 1 quiz
8 videos
Unemployment Defined and Measured 4m
Okun's Law 3m
Demand-Pull Versus Cost-Push Inflation and the Keynesian Dilemma6m
Inflation, Inflationary Expectations, and the Phillips Curve 9m
The Natural Rate of Unemployment and Inflationary Spirals 5m
Monetarist Versus Keynesian Cures for Inflation4m
Supply Side Economics and the "Laffer Curve" 5m
1 reading
Module Overview10m
1 practice exercise
Unemployment, Inflation, and Stagflation 6m
Week
7
2 hours to complete

The Warring Schools of Macroeconomics

...
7 videos (Total 41 min), 1 reading, 1 quiz
7 videos
New Classical Economics and Rational Versus Adaptive Expectations 7m
The Great Recession of 2007 and Quantitative Easing 4m
How to Forecast the Business Cycles and Structural Trade Imbalances7m
What Causes Macroeconomic Instability and is the Economy "Self-Correcting"? 7m
Rules Versus Discretion 4m
A Balanced Budget Rule, Crowding Out, and Where the Warring Schools Converge 7m
1 reading
Module Overview10m
1 practice exercise
The Warring Schools of Macroeconomics20m
Week
8
2 hours to complete

Economic Growth and Productivity

...
5 videos (Total 33 min), 1 reading, 1 quiz
5 videos
The Four Wheels of Growth in Detail8m
The Growth Models of Adam Smith and Thomas Malthus 6m
Solow's Neoclassical Growth Model8m
The Pros and Cons of Growth and How to Stimulate Growth 5m
1 reading
Module Overview10m
1 practice exercise
Economic Growth and Productivity50m
Week
9
2 hours to complete

Budget Deficits and the Public Debt

...
6 videos (Total 38 min), 1 reading, 1 quiz
6 videos
The Debt-to-GDP Ratio, Real Versus Nominal Deficit, Structural Versus Cyclical Deficit 6m
Calculating the Structural and Cyclical Parts of the Budget Deficit 8m
Financing Budget Deficits and Associated Problems; The Balanced Budget Multiplier 8m
Budget Deficit Pros and Cons 6m
Impacts of Budget Deficits and Debt on Investment and Productivity?4m
1 reading
Module Overview10m
1 practice exercise
Budget Deficits and the Public Debt46m
Week
10
1 hour to complete

International Trade and Protectionism

...
5 videos (Total 29 min), 1 reading, 1 quiz
5 videos
The Nuts and Bolts of Comparative Advantage and the Gains from Trade 6m
Tariff, Quotas, Trade Barriers, Protectionism, and the Dead Weight Loss8m
The Pros and Cons of Protectionism 5m
The Limitations of Ricardian Free Trade in the Real World and the Case of China3m
1 reading
Module Overview10m
1 practice exercise
International Trade and Protectionism40m
Week
11
2 hours to complete

Exchange Rates, The Balance of Payments, and Trade Deficits

...
8 videos (Total 43 min), 1 reading, 1 quiz
8 videos
Some Balance of Payments Accounting 5m
Exchange Rates Defined and Why They Move 7m
Floating Versus Fixed Echange Rates, the Gold Standard, and Hume's Gold Specie Flow Adjustment Mechanism 6m
The Dollar Standard and Its Collapse 3m
Today's Hybrid Exchange Rate System, Currency Blocs, and Fixed Pegs3m
How Chronic Trade Deficits Can Persist, the Multiplier Link and Global Coordination of Fiscal and Monetary Policies 8m
The European Monetary System, Germany as a Case Study, and the Benefits of Policy Coordination 4m
1 reading
Module Overview10m
1 practice exercise
Exchange Rates, The Balance of Payments, and Trade Deficits2m
Week
12
1 hour to complete

The Economics of Developing Countries

...
5 videos (Total 28 min), 1 reading, 1 quiz
5 videos
Human Resources, Natural Resources, and Land Ownership Patterns 3m
The Importance of Capital Formation and Technological Change3m
Why Some Countries Prosper, the Cycle of Poverty, and Nine Policies to Promote Growth11m
Closing Remarks3m
1 reading
Module Overview10m
1 practice exercise
The Economics of Developing Countries46m
Week
13
2 hours to complete

Final Exam

...
1 reading, 1 quiz
1 reading
Learning Resources10m
1 practice exercise
Final Exam32m
4.6
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started a new career after completing these courses

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got a tangible career benefit from this course

29%

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Top Reviews

By NNOct 31st 2018

Great course which learns you macroeconomics through US economy history and real economic situations. it's really help you to understand why things happen in the world from economic stand point.

By NYApr 16th 2019

This course is very easy to understand for a total novice like me. There is still more to learn about macroeconomics but this course provides the necessary background to give you a head start!

Instructor

Avatar

Dr. Peter Navarro

Professor
Paul Merage School of Business

About University of California, Irvine

Since 1965, the University of California, Irvine has combined the strengths of a major research university with the bounty of an incomparable Southern California location. UCI’s unyielding commitment to rigorous academics, cutting-edge research, and leadership and character development makes the campus a driving force for innovation and discovery that serves our local, national and global communities in many ways....

Frequently Asked Questions

  • Once you enroll for a Certificate, you’ll have access to all videos, quizzes, and programming assignments (if applicable). Peer review assignments can only be submitted and reviewed once your session has begun. If you choose to explore the course without purchasing, you may not be able to access certain assignments.

  • When you purchase a Certificate you get access to all course materials, including graded assignments. Upon completing the course, 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.

More questions? Visit the Learner Help Center.