(Oxford) Diploma : Macroeconomics/Behavioural Economics

UPDATES:

• March 2024 : 50 lectures added on global economics
• March 2024 : lectures added on the macroeconomic policies of Donald Trump
• March 2024 : lectures added on the influence of the macroeconomy of China
• March 2024 : Lectures added on Japan and macroeconomics
• January 2024 – quizzes added (macroeconomics and behavioural)
• August/September 2023: New section on Behavioural Economics to complement the Macroeconomics

Key details:

• 48 hours of lectures on macroeconomics
• Several workbooks on macroeconomics
• Hundreds of discussions on macroeconomics
• Regular updates via Educational Announcements
• Behavioural Economics
• The Instructor has macroeconomics textbooks on Amazon

Five reasons to TAKE THIS COURSE right now:

1. You cannot lose – 30 day refund if you really really don’t like the course BUT if you DO like it:

   a. updated lectures

   b. case studies based on very very current news items

   c. detailed responses to messages

   d. I constantly attempt to have a ‘class atmosphere’ e.g. throwing questions open to all

   e. regular Announcements that are not disguised sales ploys

   f. regular FREE access to numerous other courses offered by me

2. I am a lecturer/teacher in Economics by trade i.e. I teach full-time for a living. I have been Principal, Director of Studies and Head of Economics. (Oxford, UK)  I have lectured in University, adult evening classes and also run over 50 seminars in the UK
3. I am/have been an Examiner for FIVE different examination boards
4. I have 100+ books on Amazon – many of them about business/economics
5. The success of my students has been featured on the BBC, Daily Telegraph, The Times and I have been featured on TV in 2 countries.

MOTIVATION

I make courses on Udemy primarily because I enjoy the process of causing learning. Many of my courses are to improve lives. One of the Economics courses is to raise money for charity. (100% of revenue goes to the charity) Fundamentally this course here, is about helping you.

About the course

Using ONLY aggregate demand and aggregate supply, this course explains the basics of macro economic policy. The lectures are fully supported by notes – often repeated to ensure learning – that may be copied and used for other studies.

If you wish to understand more as to why governments cut/raise taxes, cut/raise government expenditure, how this impacts on inflation, unemployment and growth – then this is the course for you.

Topics:

1. Gross Domestic Product (GDP): Measures the total value of all goods and services produced over a specific time period within a nation’s borders.
2. Unemployment Rate: Indicates the percentage of the labour force that is jobless and actively seeking employment.
3. Inflation: Describes the rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling.
4. Monetary Policy: Involves the management of a nation’s money supply and interest rates by its central bank to control inflation and stabilize currency.
5. Fiscal Policy: Refers to the use of government spending and taxation to influence the economy.
6. Interest Rates: The cost of borrowing money or the return for investing, which are critical in monetary policy and personal finance.
7. Balance of Payments: A record of all economic transactions between residents of a country and the rest of the world in a given period.
8. Exchange Rates: The value of one currency for the purpose of conversion to another, impacting international trade and investments.
9. Economic Growth: The increase in the inflation-adjusted market value of the goods and services produced by an economy over time.
10. Business Cycles: The upward and downward movements of GDP and other economic indicators over time, encompassing periods of expansion and contraction.
11. Supply and Demand: The fundamental economic model of price determination in a market, showing how prices vary based on a balance between product availability and consumer desire.
12. Aggregate Demand and Supply: The total demand for goods and services and total supply of goods and services within an economy at a given overall price level and in a given time period.
13. Budget Deficits and Surplus: A budget deficit occurs when expenses exceed revenue, and a surplus occurs when revenue is higher than expenses.
14. Public Debt: The total amount of money owed by the government to creditors, which can influence a country’s fiscal policy and economic health.
15. Trade Policies: Regulations and tariffs that a country applies to its imports and exports, affecting its balance of trade.
16. Labour Markets: The supply and demand for labour, in which employees provide the supply and employers the demand.
17. Capital Markets: Where savings and investments are channelled between suppliers who have capital and those who are in need of capital.
18. Economic Indicators: Statistics that provide information about the overall health of the economy, such as GDP, unemployment rate, and inflation rate.
19. Recessions: A period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.
20. Stagflation: A situation in which the inflation rate is high, the economic growth rate slows, and unemployment remains steadily high, presenting a dilemma for economic policy.

    The course is pitched at a beginner level and thus is IDEAL for anyone just starting an economics course or simply wants to understand macro-economic policy.
    The initial lectures are short – egg-timer size! – and, if you look at other egg-timer courses, you will know that if you have any questions then they will be answered very quickly.

PLUS the course also includes Behavioural Economics. Behavioral economics melds psychology with economics, exploring why people sometimes make irrational decisions, and how their behaviour does not always follow the predictions of economic models. It challenges traditional assumptions of rational choice, investigating heuristics, biases, and framing effects that influence consumption, investment, and other economic activities.