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Back to Country Level Economics: Policies, Institutions, and Macroeconomic Performance

Learner Reviews & Feedback for Country Level Economics: Policies, Institutions, and Macroeconomic Performance by University of Illinois at Urbana-Champaign

544 ratings
88 reviews

About the Course

This course examines macroeconomic performance in the short run and the long run based on the economy’s institutional and policy environment. The first module develops a model of macroeconomy in the short run when the price level has its own momentum and does not respond much to supply and demand forces. The model enables one to see how GDP, interest rate, and exchange rate are determined in the short run and how they respond to macroeconomic shocks and policies. The second module starts the analysis of long-run equilibrium by examining the foreign exchange market. It then connects the long-run outcome with expectations about the future trends in the exchange rate at each moment, which constitute a key driver of the spot exchange rate in the short run. The methodology developed for this purpose can be applied to expectations concerning other macroeconomic variables as well. Finally, the long-run foreign exchange model is employed to derive a number of important lessons for the long run trends in currency values and competitiveness of producers in various countries. The third module examines the drivers of aggregate output in the long run and the mechanisms of adjustment from the short run to the long run. The model provides insights about why some countries are much richer than others and why some economies grow faster than others over decades. The analysis also sheds light on why inflation varies across countries or over time in the same country. The model is employed to analyze the sources of macroeconomic instability and the roles of fiscal and monetary policies in stabilization or destabilization of the macroeconomy. The final module discusses the characteristics of desirable macroeconomic policies and the reasons why actual policies deviate from them. It connects these deviations to country characteristics that one needs to take into account when assessing a country’s long-term macroeconomic environment. The module ends with a discussion of the institutional conditions that help bring about better fiscal and monetary policies. At the end of this course, you will be able to: • Understand how the market for aggregate goods and services interacts with the money market to shape the macroeconomic equilibrium that determines income, interest rate, and exchange rate in the short run. • Understand the links between the short-run and long-run processes. • Assess the dynamic effects of macroeconomic policies and understand the roles of globalization, government policies, institutions, and expectations in macroeconomic outcomes. This course is part of the iMBA offered by the University of Illinois, a flexible, fully-accredited online MBA at an incredibly competitive price. For more information, please see the Resource page in this course and

Top reviews


Apr 27, 2020

Nice course. Of course it will take time for all the new knowledge to settle and become more comprehensible, but anyway really nice. Thank you to the lecturer and course developers


Aug 27, 2020

Fantastic course. Highly recommended if you want to dive into Macroeconomic, policies and how institutions behave under certain shocks. Not a trivial course, but very interesting.

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26 - 50 of 87 Reviews for Country Level Economics: Policies, Institutions, and Macroeconomic Performance

By Saritha V

May 15, 2020

I just loved the way the class was conducted. Explanations were all to the point. No exaggerations. Thanks a lot.

By Cynthiya j

Jun 12, 2020

It is very usefull andwe can gain more very happy i took up this course and i competed it.. 😊😊

By Emeka J E

Mar 11, 2020

Awesome learning experience.

The course was super rich in content and the professor was super knowledgable.

By Roberta J

Jul 05, 2019

Very good course, I learned a lot from Prof. Hadi Esfahani. I hope to have him again in the future!

By Juan C R L

Jul 08, 2020

Is an excellent course with a good methodology and I could learn a lot information of this topics


Aug 17, 2020

The course content and the quizzes are all very standardized. The faculty is very knowledgeable.


Jul 07, 2020

Excellent course Prof. Hadi distilled most complex concepts in an easily understandable format

By Anna M M

Jul 08, 2020

Great Course! It helped me to understand what happened in the world economy a lot better now.

By Gurpreet S N

Jul 05, 2020

Great Teacher. Explains the topics very well and Very helpful. This is a very Good Course

By Keith K D

Jul 05, 2019

I learned a lot, very informative and sometime difficult class but worth the effort.

By Kathy L

Jul 25, 2017

Solid easily comprehensible, macroeconomic factors and real world examples.

By Johanne P

Jul 17, 2018

Excellent course information. Applicable to real world scenarios.

By Amin M

Jul 13, 2020

Good dose of theory and practice. Insightful and practical.

By M V

Jun 04, 2020

learned knowledge about Macroeconomic Performance

By Guilherme C

Sep 11, 2017

Very good content, relevant and objective.

By Ms. T K M

Jun 11, 2020

a good experience through online learning

By Hoàng H C

Feb 29, 2020

The Knowledge is very helpful to my job

By Bader h a

Jun 16, 2020

انها دورة ممتازه وتفيد رواد الاعمال

By Belinda W

Aug 31, 2019

great teacher and great experience!

By Leonardo H

Jul 06, 2018

the best course in macroeconomics

By Nadia G

Jul 09, 2019

Great course- very insightful!


Mar 10, 2020

Excellent article and content

By Nikhil V V

Jul 10, 2019

Amazing course and Professor

By MD. R H

May 21, 2020

this is very good course.

By Sini E

Aug 21, 2020

it is an owesome course