About this Course
4.8
630 ratings
148 reviews
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100% online

Start instantly and learn at your own schedule.
Flexible deadlines

Flexible deadlines

Reset deadlines in accordance to your schedule.
Hours to complete

Approx. 23 hours to complete

Suggested: 6 weeks of study, 2-3 hours of study time/week...
Available languages

English

Subtitles: English, Spanish, Turkish...
100% online

100% online

Start instantly and learn at your own schedule.
Flexible deadlines

Flexible deadlines

Reset deadlines in accordance to your schedule.
Hours to complete

Approx. 23 hours to complete

Suggested: 6 weeks of study, 2-3 hours of study time/week...
Available languages

English

Subtitles: English, Spanish, Turkish...

Syllabus - What you will learn from this course

Week
1
Hours to complete
3 hours to complete

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....
Reading
11 videos (Total 87 min), 5 readings, 1 quiz
Video11 videos
What is GDP - The Circular Flow Diagram11m
Potential GDP as a Reference Point for the Business Cycle9m
GDP Gaps and Policymaking7m
What Does a Business Cycle Look Like?9m
What Drives the Business Cycle - Aggregate Supply and Aggregate Demand6m
Aggregate Supply and Aggregate Demand II9m
Aggregate Supply and Aggregate Demand III: Shifts in Aggregate Demand10m
Aggregate Supply and Aggregate Demand IV: Shifts in Aggregate Supply7m
GDP Growth in the Real World and Future Prospects4m
Conclusion: Module One7m
Reading5 readings
Syllabus: Module 110m
Grading Policy10m
Course Staff10m
Contact Us10m
Copy of Course Staff10m
Quiz1 practice exercise
Macroeconomy Quiz14m
Week
2
Hours to complete
1 hour to complete

The Fiscal Policy Tool

Welcome to Module 2! We will be going into fiscal policy, which is one of the key tools that authorities have to influence the economy and bring GDP closer to its ideal growth rate. It consists of changes in government spending and taxes. To try to gauge how much spending and taxes need to change to bring GDP to potential, we use two concepts: the multiplier, and crowding out. However, spending and tax revenues also move automatically across the business cycle, helping make the economy more stable. Thanks for being with us! Enjoy learning!...
Reading
7 videos (Total 49 min), 1 reading, 1 quiz
Video7 videos
Restrictive and Expansive Fiscal Policy Tools9m
The Multiplier Effect of Fiscal Policy9m
Crowding Out9m
Automatic Stabilizers8m
Fiscal Policy in the Real World9m
Conclusion: Module Two1m
Reading1 reading
Syllabus: Module 210m
Quiz1 practice exercise
Fiscal Policy Tool Quiz14m
Week
3
Hours to complete
1 hour to complete

Deficits, Debts, Myths and Realities

Welcome to Module 3! Now we know how fiscal policy is supposed to work in the economy, to close recessionary or inflationary gaps. In this module we will get into the nuts and bolts of deficits and debts in the real world and I am sure we will have some interesting follow-up discussions! How is it really used? What are government deficits and debts? When governments run deficits and need to borrow money, how and where do they do it? When are these deficits and debts more of a problem? This module will look at the US and other leading economies in recent years to answer these questions, clear up some common misconceptions, and point to what the most important concerns are with deficits and debts at the present time. Good luck and see you online! ...
Reading
10 videos (Total 65 min), 1 reading, 1 quiz
Video10 videos
Government Deficits and Surpluses10m
How Do Governments Borrow Money? (I)5m
How Do Governments Borrow Money? (II)11m
Who Owns Public Debt in Advanced Economies?6m
How Much Deficit is Too Much?8m
US Debt2m
Strengths and Weaknesses of Fiscal Policy4m
Conclusion: Module Three1m
Office Hours Modules 1 to 312m
Reading1 reading
Syllabus: Module 310m
Quiz1 practice exercise
Deficits, Debts, Myths and Realities Quiz14m
Week
4
Hours to complete
1 hour to complete

Monetary Policy

Welcome to Module 4! This week we're tackling a fascinating issue, which is monetary policy, and I anticipate some very interesting debates. Monetary policy is the other main tool that governments can use to influence the economy. Monetary authorities work through the money supply and can use open market operations, their own lending rates and reserve or cash ratios to influence money markets and hence the real economy. Just as with fiscal policy, once the gap in the economy is identified, expansive monetary policy should be used in a recessionary gap and restrictive monetary policy in an inflationary gap. Monetary policy is superior to fiscal policy in many ways, but its greatest weakness is that it does not work nearly as well in recessionary gaps as in inflationary gaps. Keep up the good work! ...
Reading
7 videos (Total 51 min), 1 reading, 1 quiz
Video7 videos
What is Money and What are Central Banks8m
Central Banks in the World7m
What are the Tools of Central Banks?16m
How Does Monetary Policy Work Across the cycle and Why Does it Sometimes Fail?10m
Strengths and Weaknesses of Monetary Policy5m
Conclusion: Module Fourm
Reading1 reading
Syllabus: Module 410m
Quiz1 practice exercise
Monetary Policy Quiz14m
4.8
Career direction

17%

started a new career after completing these courses
Career Benefit

83%

got a tangible career benefit from this course

Top Reviews

By PHDec 9th 2015

Excellent overview economics course. Dr. Allard does a fantastic job explaining basic economic concepts and principles so that a novice can better understand this one critical aspect of their world.

By KKDec 27th 2015

Great insights, I now feel like I am macro-economically literate and I will be using this information when interviewing and now possible grilling certain politicians in my town!\n\nThank you Gayle!

Instructor

Avatar

Gayle Allard

Professor
Economics

About IE Business School

IE Business School is an internationally recognized business school where the leaders of tomorrow shape their ideas and learn to become global citizens. For over 40 years, IE Business School has promoted innovation and change in organizations, equipping managers with an entrepreneurial mindset that generates employment, wealth, and social well-being. Regularly featured among the top business schools in the world, IE Business School has an urban campus in Madrid and a faculty of more than 400 professors who teach students from approximately 90 countries in its undergraduate and master programs. IE uses innovative online, face-to-face, and blended learning formats, including the IE Communities Platform where knowledge and experiences are exchanged with over 50,000 IE graduates that currently hold management positions in more than 100 countries worldwide....

About the Globalization, Economic Growth and Stability Specialization

This Specialization aims to make economic concepts accessible to every learner, and to teach them to analyze current events using the toolkit of economics. It begins by explaining the basic parameters of the macroeconomy, and how governments can/should use both fiscal and monetary policy to influence growth, inflation and employment. It then moves on to the international arena, where countries interact, and explains the basic principles of free trade, exchange rates, the balance of payments and immigration and how these interactions affect our everyday lives. Finally, learners will apply these tools and concepts to the world's leading economies and discover how they can "read" from a country's economic data important lessons about the risks and opportunities of doing business in these countries, equipping them with tools that they can use in the workplace and even in their personal investment decisions....
Globalization, Economic Growth and Stability

Frequently Asked Questions

  • Once you enroll for a Certificate, you’ll have access to all videos, quizzes, and programming assignments (if applicable). Peer review assignments can only be submitted and reviewed once your session has begun. If you choose to explore the course without purchasing, you may not be able to access certain assignments.

  • When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.

More questions? Visit the Learner Help Center.