Principles of Macroeconomics and Development

Many global issues—from inflation and interest rates to international trade wars—are rooted in core economic principles, but the terminology can often be confusing. This course breaks down complex concepts into straightforward, easy-to-read explanations. Master the foundational vocabulary and models of macroeconomics and development economics, enabling you to analyze national policies and understand how global economies interact. What you'll learn: * Understand the key metrics of a national economy, including GDP, national income accounting, inflation, and unemployment. * Analyze the roles of fiscal and monetary policy in controlling economic cycles and ensuring stability. * Master the mechanics of foreign exchange markets and how global trade affects national economies and prices. * Learn the fundamental principles of development economics and how factors like infrastructure and human capital drive long-term growth. * Apply core economic concepts to contemporary issues, such as evaluating the impact of government spending or central bank actions. The course begins with essential definitions and accounting principles before moving into models of aggregate demand, supply, and international trade mechanisms, supported by practical written exercises. This course is designed for absolute beginners with no prior knowledge of economics. Start building your economic literacy today.