Introduction: Module 1

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來自 IE Business School 的課程

Understanding economic policymaking

614 個評分

IE Business School

Understanding economic policymaking

614 個評分

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.

從本節課中

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.

Introduction: Module 10:56

與講師見面

Gayle Allard
Professor
Economics

[MUSIC]

Welcome to this course on understanding economic policy making.

Our objective in this course is for

you to be able to understand the economic world that surrounds you.

The different data that we find,

the different announcements that appear all the time in the media.

And to be able to connect that information with what governments do in the economy.

I'm hoping that as you do this course,

you'll be able to understand better what quantitative easing is about.

Why are debt levels in the world so high and what kind of problem does that pose?

Where is Japan going?

What will happen as the US raises interest rates?

All of these are issues that are important for our world.

And hopefully through this course, you can first understand what's going on, and

second, make some projections into the future based on that understanding.

Ultimately what I would really like to achieve in this course is first of all

my students can read the media better,

be much better observers of economic realities.

But further than that, that they can become well-informed citizens that may be

pressure for good policy.

Because it's something that's really important in our world.

This course was first offered in 2014 through Coursera.

It was a six week long course.

And now it's going on demand.

This means a few changes for us.

I have gone through all of the videos and have found, fortunately,

since economics is such a fast moving, fast changing world,

that everything stands, because basically what I'm trying to give you are the tools.

When there is a change, I will have introduced some sort of a correction,

or in some cases a new video.

And of course we will continually update this with sessions,

office hours, as events make it necessary.

But the one thing you should be aware of,

as you listen to the videos, is that I refer to weeks.

Week one, week two, week three, there were six weeks in the initial course.

Now you should think whenever your week think of module.

Because the weeks have now become module one, module two, module three.

So that's the only translation change that you're gonna have to

make as you listen to the course.

That all being aside,

welcome to our new on demand course on understanding economic policy making.

It, in some ways, will be a wild ride.

I welcome you to that ride and

hope that you'll come out of it with a whole new perspective on the world.

[MUSIC]

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