O.P. Jindal Global University


Taught in English


Gain insight into a topic and learn the fundamentals

Rajeev Malhotra

Instructor: Rajeev Malhotra

Beginner level
No prior experience required
60 hours to complete
3 weeks at 20 hours a week
Flexible schedule
Learn at your own pace

What you'll learn

  • Describe macroeconomic variables, estimation, and their interpretation in a real-world context. 

  • Examine the conceptual macroeconomic frameworks and analytical tools to understand the working of an open economy.

  • Describe the working of fiscal and monetary policy and the institutional context in a developing economy.

Details to know

Shareable certificate

Add to your LinkedIn profile


22 quizzes, 1 assignment

See how employees at top companies are mastering in-demand skills


Earn a career certificate

Add this credential to your LinkedIn profile, resume, or CV

Share it on social media and in your performance review


There are 8 modules in this course

This module introduces you to the basic macroeconomics concepts, macroeconomic indicators, and related terminologies. It defines an economy, its actors, and the notion of output gap. You will look at the circular flow of income, which highlights the importance of the system’s economic stability in sustaining economic activity and growth.

What's included

7 videos5 readings3 quizzes

This module discusses the measurement of macroeconomic indicators and related issues. It is essential to track economic activity and provide evidence-based policy prescriptions when there are concerns about the stability and sustainability of the economy with consequences for the behavior of various economic agents. It elaborates conventions that guide the system of national income accounting. You will also discuss the use of GDP as an indicator of economic activity, its limitations, and its use in tracking human and social well-being.

What's included

9 videos2 readings4 quizzes1 discussion prompt

This module discusses the conceptual or the theoretical underpinnings of aggregate supply and demand schedules. It elaborates on the Classical and Keynesian premises of macroeconomic analysis. This is followed up with an elaboration of empirical evidence for the aggregate supply schedule by visiting the Phillips curve and its modern interpretation involving the relationship between inflation and unemployment.

What's included

8 videos3 readings4 quizzes1 discussion prompt

The aggregate demand, the Keynesian contribution to macroeconomic analysis, is the main driver in the short-term stabilization of the economy. This module discusses the components of aggregate demand – consumption, investment, government spending, and net exports. By analyzing the demand for money and how the money market works, you will gain insights into developing an integrated treatment of the goods and the money market.

What's included

8 videos3 readings2 quizzes1 discussion prompt

This module advances you to macroeconomic analysis by integrating the functioning of the money and the goods markets with the help of the IS-LM analytical tool kit. It goes on to elaborate the use of fiscal and monetary policy, identifying the application of specific policy instruments, for macroeconomic stabilization of an economy. It also discusses the institutional context of conducting fiscal and monetary policy.

What's included

7 videos3 readings4 quizzes1 discussion prompt

This module takes the final step in bringing macroeconomic analysis to the real-world context. It includes the external sector, thereby opening up the scope for capital flows, apart from trade in merchandise and services in the economy. You will look at the functioning of foreign exchange markets against the backdrop of flexible exchange rate regimes and some others. It goes on to highlight the efficacy of fiscal and monetary policy in the context of an open economy.

What's included

8 videos4 readings3 quizzes1 discussion prompt

This module highlights some important macroeconomic debates and their influence on the development thinking of the times. It traces how the role of the state and markets evolved in that context. It discusses the success stories of the 20th century and the countries that transited from the developing status to the developed ones. You will explore how that transition may have been helped using unorthodox or heterodox macroeconomic policy instead of the orthodox prescription pursued in this course. The module also describes the contours of a heterodox macroeconomic policy approach.

What's included

7 videos3 readings2 quizzes

This module describes the learning objectives, project brief, review criteria, grading criteria, and submission instructions for the Staff Graded Individual Assignment for the course.

What's included

2 videos2 readings1 assignment


Rajeev Malhotra
O.P. Jindal Global University
4 Courses137 learners

Offered by

Recommended if you're interested in Business Essentials

Why people choose Coursera for their career

Felipe M.
Learner since 2018
"To be able to take courses at my own pace and rhythm has been an amazing experience. I can learn whenever it fits my schedule and mood."
Jennifer J.
Learner since 2020
"I directly applied the concepts and skills I learned from my courses to an exciting new project at work."
Larry W.
Learner since 2021
"When I need courses on topics that my university doesn't offer, Coursera is one of the best places to go."
Chaitanya A.
"Learning isn't just about being better at your job: it's so much more than that. Coursera allows me to learn without limits."

New to Business Essentials? Start here.


Open new doors with Coursera Plus

Unlimited access to 7,000+ world-class courses, hands-on projects, and job-ready certificate programs - all included in your subscription

Advance your career with an online degree

Earn a degree from world-class universities - 100% online

Join over 3,400 global companies that choose Coursera for Business

Upskill your employees to excel in the digital economy

Frequently asked questions