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Understanding economic policymaking 

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  • Public/Government Institute

Understanding economic policymaking
 at 
Coursera 
Overview

Duration

15 hours

Total fee

Free

Mode of learning

Online

Difficulty level

Beginner

Official Website

Explore Free Course External Link Icon

Credential

Certificate

Understanding economic policymaking
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Understanding economic policymaking
 at 
Coursera 
Highlights

  • Shareable Certificate Earn a Certificate upon completion
  • 100% online Start instantly and learn at your own schedule.
  • Course 1 of 3 in the Globalization, Economic Growth and Stability Specialization
  • Flexible deadlines Reset deadlines in accordance to your schedule.
  • Approx. 15 hours to complete
  • English Subtitles: Arabic, French, Portuguese (European), Italian, Vietnamese, German, Russian, Turkish, English, Spanish
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Understanding economic policymaking
 at 
Coursera 
Course details

More about this course
  • 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.

Understanding economic policymaking
 at 
Coursera 
Curriculum

Macroeconomy Overview

Introduction: Module 1

What is GDP - The Circular Flow Diagram

Potential GDP as a Reference Point for the Business Cycle

GDP Gaps and Policymaking

What Does a Business Cycle Look Like?

What Drives the Business Cycle - Aggregate Supply and Aggregate Demand

Aggregate Supply and Aggregate Demand II

Aggregate Supply and Aggregate Demand III: Shifts in Aggregate Demand

Aggregate Supply and Aggregate Demand IV: Shifts in Aggregate Supply

GDP Growth in the Real World and Future Prospects

Conclusion: Module One

Syllabus: Module 1

Grading Policy

Course Staff

Contact Us

Copy of Course Staff

Macroeconomy Quiz

The Fiscal Policy Tool

Introduction: Module 2

Restrictive and Expansive Fiscal Policy Tools

The Multiplier Effect of Fiscal Policy

Crowding Out

Automatic Stabilizers

Fiscal Policy in the Real World

Conclusion: Module Two

Syllabus: Module 2

Fiscal Policy Tool Quiz

Deficits, Debts, Myths and Realities

Introduction: Module Three

Government Deficits and Surpluses

How Do Governments Borrow Money? (I)

How Do Governments Borrow Money? (II)

Who Owns Public Debt in Advanced Economies?

How Much Deficit is Too Much?

US Debt

Strengths and Weaknesses of Fiscal Policy

Conclusion: Module Three

Office Hours Modules 1 to 3

Syllabus: Module 3

Deficits, Debts, Myths and Realities Quiz

Monetary Policy

Introduction: Module Four

What is Money and What are Central Banks

Central Banks in the World

What are the Tools of Central Banks?

How Does Monetary Policy Work Across the cycle and Why Does it Sometimes Fail?

Strengths and Weaknesses of Monetary Policy

Conclusion: Module Four

Syllabus: Module 4

Monetary Policy Quiz

Combining Policies and Other Policy Tools

Introduction: Module Five

How Do Different Combinations of These Policies Affect the Macroeconomy?

Policy Mixes and Outcomes

Exchange Rates

Structural Policy

Policy Mix in the Real World

Practicing Policymaking with the Economic Policy Simulator

Conclusion: Module Five

Syllabus: Module 5

Combining Policies and Other Policy Tools Quiz

Policymaking in the Wake of the Financial Crisis

Introduction: Module Six

Monetary Policy in the United States

Monetary Policy in Spain and Germany

Quantitative Easing

Fiscal Policy in the Real World: When is Debt Too High?

Abenomics

Policy and the Eternal Pursuit of Growth

Summary of the Course

Extra: The situation in Greece

Analyzing the Covid-19 crisis with the AS-AD framework: Why was the recession so severe?

Applying policy tools: How did governments respond to the Covid recession?

Syllabus: Module 6

Final Exam

CAPSTONE

RECAP: UNDERSTANDING ECONOMIC POLICYMAKING

PROJECT INSTRUCTIONS

PROJECT FEEDBACK: SPAIN 2000-2008

PROJECT FEEDBACK: SPAIN 2009-2016

CAPSTONE CONCLUSIONS

This Course is part of a Specialization

Instructions

Let´s see if you remember the theory

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