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Earth Economics
  • Level Foundation
  • Duration 21 hours
  • Course by Erasmus University Rotterdam
  • Offered by

About

After this course you will be an Earth Economist that can provide evidence-based advise on the best global policy. As an Earth Economist you will better understand the behavior and advice of economists, have become a better economist yourself and know where to find Earth's data and how to analyze these world observations. Our planet is too important: we need you to get engaged! Earth Economics offers a completely new angle to policy analysis by its focus on the truly global level and its empirical orientation on very recent data. Sustainability (environmental and related to the UN's SDGs), equality and heterodox (that is: non mainstream) views on the economy are important for an Earth Economist. Taking stock of emerging planet data and analyzing policies during and following the Global Crisis, Earth Economics provides both a topical introduction into basic economic tools and concepts as well as insights in highly relevant problems and recent developments in planet production, growth and governance. An important issue is the provision of global public goods. Earth Economics highlights the importance of the United Nations, International Monetary Fund, the World Health Organization and the World Trade Organization.

Modules

Getting familiar: become an Earth economist!

    • 2 Videos
    • 2 Readings
    • 1 Discussion
    • 1 Assignment
Show info about module content

1 Assignment

  • Final test week 1

1 Discussions

  • Introduce yourself

2 Videos

  • 1. Introduction 'What on Earth is Earth Economics?'
  • Solution exercise 1

2 Readings

  • 1. On the Need for Earth Economics
  • Exercise 1 Does Earth's current account add up to zero?

How to apply what you have learned to the COVID-19 (Corona) pandemic

    • 1 Readings
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1 Readings

  • Reflections on the impact of the COVID-19 (Corona) crisis (1)

Gross Planet Product (GPP)

    • 2 Videos
    • 2 Readings
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2 Videos

  • 2. Gross Planet Product (GPP) and Planet Accounting
  • Solution exercise 2

2 Readings

  • 2. Different measures for different purposes
  • Exercise 2 The components of GPP

Business Cycle and Secular Stagnation

    • 2 Videos
    • 2 Readings
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2 Videos

  • 3. Business Cycle and Secular Stagnation
  • Solution exercise 3

2 Readings

  • 3. A closer look at the accuracy of Gross Planetary Product
  • Exercise 3: Secular stagnation

Unemployment: The pulse rate of the Earth Economy

    • 2 Videos
    • 2 Readings
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2 Videos

  • 4. Why does Earth's Unemployment fluctuate?
  • Solution exercise 4

2 Readings

  • 4. Okun's Law: Unemployment and Output Gap
  • Exercise 4: Does Okun's Law work for Earth?

Final test week 2

    • 1 Discussion
    • 1 Assignment
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1 Assignment

  • Quiz week 2

1 Discussions

  • Questions about week 2

How to apply what you have learned to the COVID-19 (Corona) crisis

    • 1 Readings
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1 Readings

  • Reflections on the impact of the COVID-19 (Corona) crisis (2)

Equilibrium and Stability

    • 2 Videos
    • 2 Readings
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2 Videos

  • 5. Equilibrium and stability: Good or bad?
  • Solution Exercise 5

2 Readings

  • 5. Scenario analysis
  • Exercise 5: World tourism

Do we invest what we save or save what we invest

    • 1 Videos
    • 1 Readings
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1 Videos

  • 6. Do we invest what we save or do we save what we invest?

1 Readings

  • 6. Investment theories

Can we get richer by spending?

    • 2 Videos
    • 2 Readings
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2 Videos

  • 7. How we get richer by spending: Consumption and multiplier
  • Solution Exercise 7

2 Readings

  • 7. Life cycle, interest rate and consumption
  • Exercise 7: Population

A model for the Earth Economy

    • 2 Videos
    • 1 Readings
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2 Videos

  • 8 A model for the Earth Economy
  • Continue after you collected the data

1 Readings

  • 8. The use of economic models

Final test week 3

    • 2 Assignment
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2 Assignment

  • Week 3
  • Midterm evaluation (survey)

How to apply what you have learned to the COVID-19 (Corona) crisis?

    • 1 Readings
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1 Readings

  • Reflections on the impact of the COVID-19 (Corona) crisis (3)

Government, spending and taxation

    • 2 Videos
    • 2 Readings
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2 Videos

  • 9. Government, spending and taxation
  • Solution Exercise 9

2 Readings

  • 9. Income (Re)Distribution
  • Exercise 9: Composition of government expenditure

Public Debt (is the IMF in denial?)

    • 2 Videos
    • 2 Readings
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2 Videos

  • 10. Deficits and Debts: Is the IMF in denial?
  • Solution Exercise 10

2 Readings

  • 10. Index numbers
  • Exercise 10: Debt Dynamics

Money Matters

    • 2 Videos
    • 2 Readings
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2 Videos

  • 11. Money Matters
  • Solution Exercise 11

2 Readings

  • 11. The role of private banks: the money multiplier
  • Exercise 11: Crypto-currencies

Final Test week 4

    • 1 Assignment
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1 Assignment

  • Week 4

How to apply what you have learned to the COVID-19 (Corona) crisis?

    • 1 Readings
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1 Readings

  • Reflections on the impact of the COVID-19 (Corona) crisis (4)

The return of the liquidity trap

    • 2 Videos
    • 2 Readings
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2 Videos

  • 12. The return of the liquidity trap
  • Solution Exercise 12

2 Readings

  • 12. Important concepts: Walras' Law and elasticity
  • Exercise 12: Precautionary money demand

The Missing Link

    • 2 Videos
    • 2 Readings
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2 Videos

  • 13. The Missing Link: Demand side equilibrium
  • Solution Exercise 13

2 Readings

  • 13. Graphical derivation of the IS and LM curve
  • Exercise 13: Policy interest rates

Puzzling disagreement

    • 1 Videos
    • 1 Readings
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1 Videos

  • 14. Puzzling disagreement

1 Readings

  • 14. Identification

Final test week 5

    • 1 Assignment
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1 Assignment

  • Week 5

How to apply what you have learned to the COVID-19 (Corona) pandemic

    • 1 Readings
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1 Readings

  • Reflections on the impact of the COVID-19 (Corona) crisis (5)

Supply and structural reform

    • 2 Videos
    • 2 Readings
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2 Videos

  • Supply and the structural reform: Completing the Earth Economic Model
  • Solution Exercise 15

2 Readings

  • Competition policy and the Earth Economic perspective
  • Exercise 15: Product market regulation

The Long Run

    • 2 Videos
    • 2 Readings
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2 Videos

  • The Long Run: How to escape from poverty and middle income traps
  • Solution Exercise 16

2 Readings

  • Exponential growth
  • Exercise 16: Income and poverty in the long run

Global governance

    • 1 Videos
    • 1 Readings
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1 Videos

  • How can we govern the Earth Economy?

1 Readings

  • Global Public Things

How to apply what you have learned to the COVID-19 (Corona) crisis?

    • 1 Readings
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1 Readings

  • Reflections on the impact of the COVID-19 (Corona) crisis (6)

Wrap up

    • 1 PeerReview
    • 2 Assignment
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2 Assignment

  • Week 6
  • End evaluation (survey)

1 Peer Review

  • Exercise 17: The planetary dashboard

Auto Summary

Earth Economics, offered by Coursera, is a foundational course in Business & Management that transforms you into an adept Earth Economist. Focused on global policy, sustainability, and equality, it leverages recent data to teach essential economic tools and concepts. Emphasizing the role of major global organizations, the course spans 1260 minutes and is available via Starter and Professional subscriptions. Ideal for those keen on understanding and influencing global economic policies.

Peter A.G. van Bergeijk
Instructors

Peter A.G. van Bergeijk

Ksenia Anisimova
Instructors

Ksenia Anisimova