This is the first of the three courses part of the Globalization, Economic Growth and Stability Specialization. This course will employ a non-technical approach to analyze how governments use policy to influence a country's economy. Upon completing the course you should be able to discuss national debts and deficits, examine fiscal and monetary policy and their appropriateness to the situation of an economy, and anticipate the results of fiscal and monetary policies and structural reform on a country. These concepts will give you the tools to develop your own position in many current economic debates, such as fiscal stimulus vs. austerity, the merits of quantitative easing, the need for higher interest rates or the future growth path of many modern economies.
Este curso faz parte do Programa de cursos integrados Globalization, Economic Growth and Stability
Comprendeendo o Processo de Elaboração das Políticas Econômicas
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Programa de cursos integrados Globalization, Economic Growth and StabilityIE Business SchoolIE Business School
Programa - O que você aprenderá com este curso
Semana
13 horas para concluir
Macroeconomy Overview
We are surrounded by news and commentary on the macroeconomy. To understand it, we need to grasp the meaning of GDP, inflation and unemployment and see what their “normal” levels are and how they relate to one another. Though these levels and relationships are far from mechanical, they provide an essential foundation to understanding what governments are doing in a macroeconomy.
11 vídeos (total de (Total 87 mín.) min), 5 leituras, 1 teste
11 videos
What is GDP - The Circular Flow Diagram11min
Potential GDP as a Reference Point for the Business Cycle9min
GDP Gaps and Policymaking7min
What Does a Business Cycle Look Like?9min
What Drives the Business Cycle - Aggregate Supply and Aggregate Demand6min
Aggregate Supply and Aggregate Demand II9min
Aggregate Supply and Aggregate Demand III: Shifts in Aggregate Demand10min
Aggregate Supply and Aggregate Demand IV: Shifts in Aggregate Supply7min
GDP Growth in the Real World and Future Prospects4min
Conclusion: Module One7min
5 leituras
Syllabus: Module 110min
Grading Policy10min
Course Staff10min
Contact Us10min
Copy of Course Staff10min
1 exercício prático
Macroeconomy Quiz14min
Semana
21 hora para concluir
The Fiscal Policy Tool
Welcome to Module 2! We will be going into fiscal policy, which is one of the key tools that authorities have to influence the economy and bring GDP closer to its ideal growth rate. It consists of changes in government spending and taxes. To try to gauge how much spending and taxes need to change to bring GDP to potential, we use two concepts: the multiplier, and crowding out. However, spending and tax revenues also move automatically across the business cycle, helping make the economy more stable. Thanks for being with us! Enjoy learning!
7 vídeos (total de (Total 49 mín.) min), 1 leitura, 1 teste
7 videos
Restrictive and Expansive Fiscal Policy Tools9min
The Multiplier Effect of Fiscal Policy9min
Crowding Out9min
Automatic Stabilizers8min
Fiscal Policy in the Real World9min
Conclusion: Module Two1min
1 leituras
Syllabus: Module 210min
1 exercício prático
Fiscal Policy Tool Quiz14min
Semana
31 hora para concluir
Deficits, Debts, Myths and Realities
Welcome to Module 3!
Now we know how fiscal policy is supposed to work in the economy, to close recessionary or inflationary gaps. In this module we will get into the nuts and bolts of deficits and debts in the real world and I am sure we will have some interesting follow-up discussions! How is it really used? What are government deficits and debts? When governments run deficits and need to borrow money, how and where do they do it? When are these deficits and debts more of a problem? This module will look at the US and other leading economies in recent years to answer these questions, clear up some common misconceptions, and point to what the most important concerns are with deficits and debts at the present time.
Good luck and see you online!
10 vídeos (total de (Total 65 mín.) min), 1 leitura, 1 teste
10 videos
Government Deficits and Surpluses10min
How Do Governments Borrow Money? (I)5min
How Do Governments Borrow Money? (II)11min
Who Owns Public Debt in Advanced Economies?6min
How Much Deficit is Too Much?8min
US Debt2min
Strengths and Weaknesses of Fiscal Policy4min
Conclusion: Module Three1min
Office Hours Modules 1 to 312min
1 leituras
Syllabus: Module 310min
1 exercício prático
Deficits, Debts, Myths and Realities Quiz14min
Semana
41 hora para concluir
Monetary Policy
Welcome to Module 4!
This week we're tackling a fascinating issue, which is monetary policy, and I anticipate some very interesting debates. Monetary policy is the other main tool that governments can use to influence the economy. Monetary authorities work through the money supply and can use open market operations, their own lending rates and reserve or cash ratios to influence money markets and hence the real economy. Just as with fiscal policy, once the gap in the economy is identified, expansive monetary policy should be used in a recessionary gap and restrictive monetary policy in an inflationary gap. Monetary policy is superior to fiscal policy in many ways, but its greatest weakness is that it does not work nearly as well in recessionary gaps as in inflationary gaps.
Keep up the good work!
7 vídeos (total de (Total 51 mín.) min), 1 leitura, 1 teste
7 videos
What is Money and What are Central Banks8min
Central Banks in the World7min
What are the Tools of Central Banks?16min
How Does Monetary Policy Work Across the cycle and Why Does it Sometimes Fail?10min
Strengths and Weaknesses of Monetary Policy5min
Conclusion: Module Four55s
1 leituras
Syllabus: Module 410min
1 exercício prático
Monetary Policy Quiz14min
Semana
54 horas para concluir
Combining Policies and Other Policy Tools
Welcome, Courserians, to our fifth module in the Understanding Economic Policy course! We have so many tools in hand now that we can spend our last sessions putting the pieces together and tackling real-world policy questions. There is little that could be more relevant, and I hope you will enjoy it. In the real world, fiscal and monetary authorities may move in the same policy directions or they may act in opposition to one another. We will explore what happens as fiscal and monetary policies interact in the real economy. Additionally, economic decision-makers have two other policies that they can use to influence the economy, which are exchange-rate policy and structural policy. We will discuss how these work, and what special complications and advantages they present. There is also a peer-evaluated assignment for this course, and it’s included in this module. You will use the Economic Policy Simulator, a free interactive exercise, to make policy for an unknown country. Use all of the tools that we have learned together, and enjoy getting a chance to run a country! Thanks for your enthusiastic participation, and enjoy these last two modules of the course!
8 vídeos (total de (Total 66 mín.) min), 1 leitura, 2 testes
8 videos
How Do Different Combinations of These Policies Affect the Macroeconomy?6min
Policy Mixes and Outcomes12min
Exchange Rates11min
Structural Policy11min
Policy Mix in the Real World16min
Practicing Policymaking with the Economic Policy Simulator6min
Conclusion: Module Five1min
1 leituras
Syllabus: Module 510min
1 exercício prático
Combining Policies and Other Policy Tools Quiz14min
Semana
61 hora para concluir
Policymaking in the Wake of the Financial Crisis
You are now in the last module of our Understanding Economic Policymaking course! Having reviewed the theory behind economic policymaking, we devote the last module to discovering what policymakers are actually doing in the leading developed countries of the world. We will discuss whether interest rates have been appropriate in a group of countries, and what the consequences are if they are not. We will also discuss quantitative easing, the main “unconventional” monetary policy, and anticipate some of its consequences. We will have a look at deficits and debt in some countries and use the tools to determine whether they are problematic; we will analyze the “austerity” policies applied in many European countries; and we will have a look at the combination of fiscal, monetary and structural policies being used in Japan, dubbed “Abenomics”. We´ll also consider the perils of policymakers´ aggressive pursuit of growth at a time when it is becoming more elusive. The final exam will have questions from this module and from each of the previous modules, so you can study your earlier quizzes to prepare. Good luck as you complete the course! I´ve enjoyed getting to know you a little. Warm regards.
9 vídeos (total de (Total 51 mín.) min), 1 leitura, 1 teste
9 videos
Monetary Policy in the United States8min
Monetary Policy in Spain and Germany6min
Quantitative Easing3min
Fiscal Policy in the Real World: When is Debt Too High?11min
Abenomics4min
Policy and the Eternal Pursuit of Growth5min
Summary of the Course4min
Extra: The situation in Greece6min
1 leituras
Syllabus: Module 610min
1 exercício prático
Final Exam20min
Semana
73 horas para concluir
CAPSTONE
5 vídeos (total de (Total 22 mín.) min), 1 leitura, 2 testes
5 videos
PROJECT INSTRUCTIONS2min
PROJECT FEEDBACK: SPAIN 2000-20085min
PROJECT FEEDBACK: SPAIN 2009-20168min
CAPSTONE CONCLUSIONS1min
1 leituras
Instructions10min
1 exercício prático
Let´s see if you remember the theory10min
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Melhores avaliações
Excellent overview economics course. Dr. Allard does a fantastic job explaining basic economic concepts and principles so that a novice can better understand this one critical aspect of their world.
Great insights, I now feel like I am macro-economically literate and I will be using this information when interviewing and now possible grilling certain politicians in my town!\n\nThank you Gayle!
Instrutores
Gayle Allard
ProfessorEconomics
Sobre IE Business SchoolIE Business School
IE Business School is an internationally recognized business school where the leaders of tomorrow shape their ideas and learn to become global citizens. For over 40 years, IE Business School has promoted innovation and change in organizations, equipping managers with an entrepreneurial mindset that generates employment, wealth, and social well-being.
Regularly featured among the top business schools in the world, IE Business School has an urban campus in Madrid and a faculty of more than 400 professors who teach students from approximately 90 countries in its undergraduate and master programs. IE uses innovative online, face-to-face, and blended learning formats, including the IE Communities Platform where knowledge and experiences are exchanged with over 50,000 IE graduates that currently hold management positions in more than 100 countries worldwide.
Sobre o Programa de cursos integrados Globalization, Economic Growth and Stability
This Specialization aims to make economic concepts accessible to every learner, and to teach them to analyze current events using the toolkit of economics. It begins by explaining the basic parameters of the macroeconomy, and how governments can/should use both fiscal and monetary policy to influence growth, inflation and employment. It then moves on to the international arena, where countries interact, and explains the basic principles of free trade, exchange rates, the balance of payments and immigration and how these interactions affect our everyday lives. Finally, learners will apply these tools and concepts to the world's leading economies and discover how they can "read" from a country's economic data important lessons about the risks and opportunities of doing business in these countries, equipping them with tools that they can use in the workplace and even in their personal investment decisions.
Perguntas Frequentes – FAQ
Quando terei acesso às palestras e às tarefas?
Ao se inscrever para um Certificado, você terá acesso a todos os vídeos, testes e tarefas de programação (se aplicável). Tarefas avaliadas pelos colegas apenas podem ser enviadas e avaliadas após o início da sessão. Caso escolha explorar o curso sem adquiri-lo, talvez você não consiga acessar certas tarefas.
O que recebo ao me inscrever nesta Especialização?
Quando você se inscreve no curso, tem acesso a todos os cursos na Especialização e pode obter um certificado quando concluir o trabalho. Seu Certificado eletrônico será adicionado à sua página de Participações e você poderá imprimi-lo ou adicioná-lo ao seu perfil no LinkedIn. Se quiser apenas ler e assistir o conteúdo do curso, você poderá frequentá-lo como ouvinte sem custo.
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