Economics - The Foundations of Macroeconomics Overview/Description Target Audience Expected Duration Lesson Objectives Course Number Overview/Description
"Economics - Introduction to Economics: Foundations of Macroeconomics": With the basics of microeconomics in place, the learner can explore the wider issues examined in the field of macroeconomics. Government policies, unemployment and inflation, economic growth and stability, economic indicators are explained, as is the role of the Federal Reserve Bank in the U.S.
Target Audience
This course is aimed at Managers, Directors, and Project Leaders.
Expected Duration (hours)
4.0
Lesson Objectives Economics - The Foundations of Macroeconomics
Identify the key macroeconomic sectors.
Recognize the goals of macroeconomics.
Identify how to evaluate unemployment.
Recognize how unemployment is measured.
Identify the types and effects of unemployment.
Recognize the characteristics of inflation.
Recognize how inflation is measured.
Identify the effects of inflation.
Determine ways in which inflation and unemployment are interrelated.
Recognize instability in a macroeconomy.
Recognize the causes of business cycles of expansion and contraction.
Identify the role of government policy in macroeconomics.
Identify some key government policy-making tools.
Recognize economic growth.
Identify the factors that stimulate economic growth.
Identify how to measure income and expenditure.
Identify the components of Gross Domestic Product (GDP).
Differentiate between real and nominal Gross Domestic Product (GDP).
Recognize economic indicators and their uses.
Identify the main categories of economic indicators.
Recognize why indicators are often adjusted.
Recognize features of the Consumer Price Index (CPI).
Recognize how to interpret the Consumer Price Index (CPI).
Recognize a key investment indicator.
Identify how to implement a key investment indicator.
Identify key areas of government spending.
Identify the key statistics on government spending.
Recognize the impact of Imports and Exports on the US open economy.
Recognize the importance of trade statistics in an open economy.
Identify three major economic schools of thought.
Identify how modern economic policy is impacted by historical schools of thought.
Recognize why the Federal Reserve determines monetary policy.
Recognize how the Federal Reserve implements monetary policy.
Identify reasons for the independent nature of the Federal Reserve.
Recognize how influencing spending can impact on economic activity.
Recognize how taxation policies can influence economic activity.
Recognize how adjusting the money supply affects inflation.
Recognize how adjusting the money supply affects unemployment.
Course Number: en_US_48814_ng