This is the first of the three courses part of the Globalization, Economic Growth and Stability Specialization. This course will employ a non-technical approach to analyze how governments use policy to influence a country's economy. Upon completing the course you should be able to discuss national debts and deficits, examine fiscal and monetary policy and their appropriateness to the situation of an economy, and anticipate the results of fiscal and monetary policies and structural reform on a country. These concepts will give you the tools to develop your own position in many current economic debates, such as fiscal stimulus vs. austerity, the merits of quantitative easing, the need for higher interest rates or the future growth path of many modern economies.
本课程是 Globalization, Economic Growth and Stability 专项课程 专项课程的一部分
Understanding economic policymaking
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教学大纲 - 您将从这门课程中学到什么
周
1Macroeconomy Overview
We are surrounded by news and commentary on the macroeconomy. To understand it, we need to grasp the meaning of GDP, inflation and unemployment and see what their “normal” levels are and how they relate to one another. Though these levels and relationships are far from mechanical, they provide an essential foundation to understanding what governments are doing in a macroeconomy.
11 个视频（共 87 分钟）, 5 个阅读材料, 1 个测验
11 个视频
What is GDP - The Circular Flow Diagram11分钟
Potential GDP as a Reference Point for the Business Cycle9分钟
GDP Gaps and Policymaking7分钟
What Does a Business Cycle Look Like?9分钟
What Drives the Business Cycle - Aggregate Supply and Aggregate Demand6分钟
Aggregate Supply and Aggregate Demand II9分钟
Aggregate Supply and Aggregate Demand III: Shifts in Aggregate Demand10分钟
Aggregate Supply and Aggregate Demand IV: Shifts in Aggregate Supply7分钟
GDP Growth in the Real World and Future Prospects4分钟
Conclusion: Module One7分钟
5 个阅读材料
Syllabus: Module 110分钟
Grading Policy10分钟
Course Staff10分钟
Contact Us10分钟
Copy of Course Staff10分钟
1 个练习
Macroeconomy Quiz14分钟
周
2The Fiscal Policy Tool
Welcome to Module 2! We will be going into fiscal policy, which is one of the key tools that authorities have to influence the economy and bring GDP closer to its ideal growth rate. It consists of changes in government spending and taxes. To try to gauge how much spending and taxes need to change to bring GDP to potential, we use two concepts: the multiplier, and crowding out. However, spending and tax revenues also move automatically across the business cycle, helping make the economy more stable. Thanks for being with us! Enjoy learning!
7 个视频（共 49 分钟）, 1 个阅读材料, 1 个测验
7 个视频
Restrictive and Expansive Fiscal Policy Tools9分钟
The Multiplier Effect of Fiscal Policy9分钟
Crowding Out9分钟
Automatic Stabilizers8分钟
Fiscal Policy in the Real World9分钟
Conclusion: Module Two1分钟
1 个阅读材料
Syllabus: Module 210分钟
1 个练习
Fiscal Policy Tool Quiz14分钟
周
3Deficits, Debts, Myths and Realities
Welcome to Module 3!
Now we know how fiscal policy is supposed to work in the economy, to close recessionary or inflationary gaps. In this module we will get into the nuts and bolts of deficits and debts in the real world and I am sure we will have some interesting follow-up discussions! How is it really used? What are government deficits and debts? When governments run deficits and need to borrow money, how and where do they do it? When are these deficits and debts more of a problem? This module will look at the US and other leading economies in recent years to answer these questions, clear up some common misconceptions, and point to what the most important concerns are with deficits and debts at the present time.
Good luck and see you online!
10 个视频（共 65 分钟）, 1 个阅读材料, 1 个测验
10 个视频
Government Deficits and Surpluses10分钟
How Do Governments Borrow Money? (I)5分钟
How Do Governments Borrow Money? (II)11分钟
Who Owns Public Debt in Advanced Economies?6分钟
How Much Deficit is Too Much?8分钟
US Debt2分钟
Strengths and Weaknesses of Fiscal Policy4分钟
Conclusion: Module Three1分钟
Office Hours Modules 1 to 312分钟
1 个阅读材料
Syllabus: Module 310分钟
1 个练习
Deficits, Debts, Myths and Realities Quiz14分钟
周
4Monetary Policy
Welcome to Module 4!
This week we're tackling a fascinating issue, which is monetary policy, and I anticipate some very interesting debates. Monetary policy is the other main tool that governments can use to influence the economy. Monetary authorities work through the money supply and can use open market operations, their own lending rates and reserve or cash ratios to influence money markets and hence the real economy. Just as with fiscal policy, once the gap in the economy is identified, expansive monetary policy should be used in a recessionary gap and restrictive monetary policy in an inflationary gap. Monetary policy is superior to fiscal policy in many ways, but its greatest weakness is that it does not work nearly as well in recessionary gaps as in inflationary gaps.
Keep up the good work!
7 个视频（共 51 分钟）, 1 个阅读材料, 1 个测验
7 个视频
What is Money and What are Central Banks8分钟
Central Banks in the World7分钟
What are the Tools of Central Banks?16分钟
How Does Monetary Policy Work Across the cycle and Why Does it Sometimes Fail?10分钟
Strengths and Weaknesses of Monetary Policy5分钟
Conclusion: Module Four分钟
1 个阅读材料
Syllabus: Module 410分钟
1 个练习
Monetary Policy Quiz14分钟
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创建者 PH•Dec 9th 2015
Excellent overview economics course. Dr. Allard does a fantastic job explaining basic economic concepts and principles so that a novice can better understand this one critical aspect of their world.
创建者 KK•Dec 27th 2015
Great insights, I now feel like I am macro-economically literate and I will be using this information when interviewing and now possible grilling certain politicians in my town!\n\nThank you Gayle!
讲师
Gayle Allard
ProfessorEconomics
关于 IE Business School
IE Business School is an internationally recognized business school where the leaders of tomorrow shape their ideas and learn to become global citizens. For over 40 years, IE Business School has promoted innovation and change in organizations, equipping managers with an entrepreneurial mindset that generates employment, wealth, and social well-being.
Regularly featured among the top business schools in the world, IE Business School has an urban campus in Madrid and a faculty of more than 400 professors who teach students from approximately 90 countries in its undergraduate and master programs. IE uses innovative online, face-to-face, and blended learning formats, including the IE Communities Platform where knowledge and experiences are exchanged with over 50,000 IE graduates that currently hold management positions in more than 100 countries worldwide.
关于 Globalization, Economic Growth and Stability 专项课程
This Specialization aims to make economic concepts accessible to every learner, and to teach them to analyze current events using the toolkit of economics. It begins by explaining the basic parameters of the macroeconomy, and how governments can/should use both fiscal and monetary policy to influence growth, inflation and employment. It then moves on to the international arena, where countries interact, and explains the basic principles of free trade, exchange rates, the balance of payments and immigration and how these interactions affect our everyday lives. Finally, learners will apply these tools and concepts to the world's leading economies and discover how they can "read" from a country's economic data important lessons about the risks and opportunities of doing business in these countries, equipping them with tools that they can use in the workplace and even in their personal investment decisions.
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