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.
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教学大纲 - 您将从这门课程中学到什么
周
1完成时间为 3 小时
Macroeconomy 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 （总计 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
2完成时间为 1 小时
The 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 （总计 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
3完成时间为 1 小时
Deficits, 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 （总计 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
4完成时间为 1 小时
Monetary 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 （总计 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 Four55
1 个阅读材料
Syllabus: Module 410分钟
1 个练习
Monetary Policy Quiz14分钟
周
5完成时间为 4 小时
Combining Policies and Other Policy Tools
Welcome, Courserians, to our fifth module in the Understanding Economic Policy course! We have so many tools in hand now that we can spend our last sessions putting the pieces together and tackling real-world policy questions. There is little that could be more relevant, and I hope you will enjoy it. In the real world, fiscal and monetary authorities may move in the same policy directions or they may act in opposition to one another. We will explore what happens as fiscal and monetary policies interact in the real economy. Additionally, economic decision-makers have two other policies that they can use to influence the economy, which are exchange-rate policy and structural policy. We will discuss how these work, and what special complications and advantages they present. There is also a peer-evaluated assignment for this course, and it’s included in this module. You will use the Economic Policy Simulator, a free interactive exercise, to make policy for an unknown country. Use all of the tools that we have learned together, and enjoy getting a chance to run a country! Thanks for your enthusiastic participation, and enjoy these last two modules of the course!
8 个视频 （总计 66 分钟）, 1 个阅读材料, 2 个测验
8 个视频
How Do Different Combinations of These Policies Affect the Macroeconomy?6分钟
Policy Mixes and Outcomes12分钟
Exchange Rates11分钟
Structural Policy11分钟
Policy Mix in the Real World16分钟
Practicing Policymaking with the Economic Policy Simulator6分钟
Conclusion: Module Five1分钟
1 个阅读材料
Syllabus: Module 510分钟
1 个练习
Combining Policies and Other Policy Tools Quiz14分钟
周
6完成时间为 1 小时
Policymaking in the Wake of the Financial Crisis
You are now in the last module of our Understanding Economic Policymaking course! Having reviewed the theory behind economic policymaking, we devote the last module to discovering what policymakers are actually doing in the leading developed countries of the world. We will discuss whether interest rates have been appropriate in a group of countries, and what the consequences are if they are not. We will also discuss quantitative easing, the main “unconventional” monetary policy, and anticipate some of its consequences. We will have a look at deficits and debt in some countries and use the tools to determine whether they are problematic; we will analyze the “austerity” policies applied in many European countries; and we will have a look at the combination of fiscal, monetary and structural policies being used in Japan, dubbed “Abenomics”. We´ll also consider the perils of policymakers´ aggressive pursuit of growth at a time when it is becoming more elusive. The final exam will have questions from this module and from each of the previous modules, so you can study your earlier quizzes to prepare. Good luck as you complete the course! I´ve enjoyed getting to know you a little. Warm regards.
9 个视频 （总计 51 分钟）, 1 个阅读材料, 1 个测验
9 个视频
Monetary Policy in the United States8分钟
Monetary Policy in Spain and Germany6分钟
Quantitative Easing3分钟
Fiscal Policy in the Real World: When is Debt Too High?11分钟
Abenomics4分钟
Policy and the Eternal Pursuit of Growth5分钟
Summary of the Course4分钟
Extra: The situation in Greece6分钟
1 个阅读材料
Syllabus: Module 610分钟
1 个练习
Final Exam20分钟
周
7完成时间为 3 小时
CAPSTONE
5 个视频 （总计 22 分钟）, 1 个阅读材料, 2 个测验
5 个视频
PROJECT INSTRUCTIONS2分钟
PROJECT FEEDBACK: SPAIN 2000-20085分钟
PROJECT FEEDBACK: SPAIN 2009-20168分钟
CAPSTONE CONCLUSIONS1分钟
1 个阅读材料
Instructions10分钟
1 个练习
Let´s see if you remember the theory10分钟
4.8
154 个审阅14%
完成这些课程后已开始新的职业生涯
18%
通过此课程获得实实在在的工作福利
热门审阅
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.
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商学院
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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