While the first economics course zooms in on how individuals and businesses make decisions, Macroeconomics zooms out to look at the economy as a massive, interconnected machine.
This course explores how the national economy works, why it sometimes crashes, and what governments can (and cannot) do to fix it. It is less about the price of a single apple and more about the price of everything across the country.
Key Questions You Will Answer
Instead of memorizing complex formulas, this course focuses on understanding the forces that affect our daily lives:
• The Business Cycle: Why does the economy have "boom" years where everyone is hiring, followed by "bust" years (recessions) where jobs are scarce?
• Inflation: Why does a dollar buy less today than it did 10 years ago? Is falling prices actually a good thing?
• Unemployment: What does the unemployment rate actually measure? Why is there always some unemployment, even in good times?
• Government Policy: When the government cuts taxes or the Central Bank changes interest rates, how does that actually ripple through the banking system to your wallet?
• Global Trade: How do exchange rates work, and what does it mean when a country has a "trade deficit"?