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Country Level Economics: Macroeconomic Variables and Markets

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This course discusses how macroeconomic variables affect individuals' personal, professional, and public activities and lays the foundation for the analysis of the mechanisms that drive macroeconomic variables. It starts by introducing the key macroeconomic variables and explaining how they are defined and measured to interpret macroeconomic data properly. Then, the course offers a perspective for separating out various parts of the economy driven by different processes and for combining those components to develop a richer view of the whole. In particular, it applies this approach to the analysis of the relationship of the trade deficit with the budget deficit and private savings, offering insights about some key determinants of the balance of payments. The third and fourth modules focus on the analyses of the foreign currency and money markets to provide fundamental models of the interest rate and exchange rate determination. They also discuss how these variables interact with each other and with the macroeconomic conditions, particularly monetary policy, and the expectations about the future trends in the economy. You will be able to: - Systematically assess the national and international economic environment in which you live and work - Analyze macroeconomic issues using key tools - Be a more effective professional in your line of activity. This course is part of Gies College of Business' suite of online programs, including the iMBA and iMSM.

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This foundational course, led by Gies College of Business, delves into how macroeconomic variables impact personal and professional activities. It covers key macroeconomic variables, trade and budget deficits, and the foreign currency and money markets, providing tools for economic analysis. Over 1020 minutes, learners can choose from Starter, Professional, or Paid subscriptions to enhance their understanding and effectiveness in the business domain. Ideal for those seeking to systematically assess economic environments and apply macroeconomic insights in their careers.