Free Download Be Competent in MacroeconomicsPublished 9/2023
Created by Poonam Vohra
MP4 | Video: h264, 1280x720 | Audio: AAC, 44.1 KHz, 2 Ch
Genre: eLearning | Language: English | Duration: 71 Lectures ( 10h 7m ) | Size: 5.14 GB
Unveiling National Income, Central Banking, Keynesian Theory, Government Budgeting, and Open Economy Components.
What you'll learn
1. Acquire knowledge of fundamental terms such as domestic income, national income, normal residents, propensity to consume and save, and many more.
2. Understand and comprehend the significance of macroeconomics, functions of the RBI and its monetary policy, fiscal policy, and government expenditure.
3. Apply various concepts and develop proficiency by solving numerical problems related to national income, multiplier, budget, and many more.
4. Analyze NNP, GDP, macroeconomic identities, creation of money, consumption, investment, excess and deficient demand, and impact on output and revenue.
5. Examine the components of the revenue and the capital account in a government budget.
6. Evaluate deficit, balance of payment surplus, fixed and flexible exchange rates, managed floating and determination of exchange rate.
Requirements
Prior familiarity with computers is necessary for effective navigation through the course.
Description
The course is presented through a combination of 70 engaging lecture videos. It is structured into distinct sections that provide a comprehensive understanding of the subject matter.1. Be Competent in Macroeconomics: In this enlightening lecture video, the entire scope of the macroeconomics course is concisely outlined, introducing the various units and their interrelated sub-units.2. Estimation of National Income:In this unit, the students will understand fundamental concepts like Domestic Territory, Normal residents, Consumption of fixed capital, Factor and Transfer Payments, and many more; examine and evaluate the Production approach, the Income approach, and the Expenditure approach of estimating national income; formulate connections among various related aggregates of national income, and rationally justify the treatment of specific items while estimating domestic and national income. They will also apply the knowledge gained to solve numerical problems.By the end of this learning module, students will possess the analytical skills required to comprehensively understand the methods and concepts of estimating national income, enabling them to evaluate its implications for economic analysis and societal well-being critically.3. Money and Banking:This unit equips students with a deep understanding of the components that constitute the money supply and the monetary system; examines the process of credit creation by commercial banks and explores the multiplier effect; investigates the Reserve Bank of India's crucial role as the banker to the government and to the banks. Through a blend of theoretical knowledge and real-world examples, students will develop the analytical skills necessary to assess and respond to the dynamic challenges of the financial sector.4. Determination of Income and Employment:This unit delves into the core principles of Keynesian economics, offering students a comprehensive understanding of how income and employment levels are determined in a modern economy. Through a systematic exploration of consumption, savings, and investment functions, students will gain insight into the dynamics of economic equilibrium through the AD-AS Approach, and S-I Approach: demand, explore the concept of the multiplier effect; investigate the relationships between the Marginal Propensity to Consume, Marginal Propensity to Save, and the multiplier; understand the concept of excess and deficient demand and measures to control through monetary and fiscal policies5. Government Budget:This unit offers an in-depth exploration of budgetary goals, delves into the intricate components and structure of the revenue budget; investigates the composition and structure of the capital budget; comprehends the concept of a budget deficit, and analyzes the economic and fiscal implications of budget deficits, including borrowing and debt management strategies. Hence, it provides students with a comprehensive understanding of the fundamental components, objectives, and implications of a nation's budget.6. Balance of Payment:This comprehensive unit examines the overall structure of the balance of payments; investigates the components of current and capital account; explore the concept of a surplus and deficit in the BOP and their consequences; gain insight into the fixed, flexible, and managed floating exchange rate systems; analyze their advantages and disadvantages. This unit serves as a foundation for understanding global financial markets and international trade.
Who this course is for
1. High School Students: This content is tailored for high school students who are studying economics. They will benefit from this content as it builds upon their existing knowledge and introduces more complex concepts.
2. College Students: This content is relevant for students pursuing degrees in economics, business, or related fields and needs a foundational understanding of macroeconomic principles and theories. It can serve as a valuable resource for academic courses that cover macroeconomics in detail.
3. Social Science Students: Students in social science disciplines, such as sociology or political science, who want to understand macroeconomic concepts for a more holistic understanding of societal dynamics.
4. Preparation for Professional Exams: Individuals preparing for exams that include macroeconomic concepts, such as various banking and finance certification exams.
5. Economic Professionals: Professionals working in economics-related fields who wish to refresh or expand their knowledge of macroeconomic principles might also find this content useful.
6. Researchers and Academics: Those interested in research or academia, including graduate students, who require a solid foundation in macroeconomics for their studies.
7. Instructors: Educators teaching macroeconomics courses could use this content to structure their lessons or provide additional resources to their students.
8. Economics Enthusiasts: Individuals who have a keen interest in economics and are seeking to deepen their understanding of macroeconomic theories and their applications that shape economies and societies, even if they're not pursuing a formal degree.
Ultimately, the course seems suitable for anyone who wishes to acquire a solid understanding of macroeconomics, regardless of their specific background or career goals.
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https://www.udemy.com/course/be-competent-in-macroeconomics/
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