The macroeconomy is the sum of all our productive efforts, spending, and income. Economic outcomes are the result of our complex interactions with other people, businesses, the government, as well as with people and businesses globally. In this economics course, you will learn the basic stylized framework that economists use to think about, account for, measure and explain these complex interactions and outcomes.
In the first half of the course, we consider how households decide how much to work and how to spend and save money. We will also look at how businesses make economic decisions such as how many workers to hire and how many machines and buildings to use to produce their products.
In the second half of the course, we consider how different policies can potentially enhance or distort market outcomes by offsetting, alleviating, or amplifying these inefficiencies. Our focus will be on five aspects of economic policy:
labor market policies and unemployment
R&D and innovation policies
fiscal policies and taxation
monetary policy and inflation
This course satisfies the Social-Behavioral Sciences (SB) general studies requirement at Arizona State University. This course may satisfy a general education requirement at other institutions; however, it is strongly encouraged that you consult with your institution of choice to determine how these credits will be applied to their degree requirements prior to transferring the credit.
MOOCs stand for Massive Open Online Courses. These arefree online courses from universities around the world (eg. StanfordHarvardMIT) offered to anyone with an internet connection.
How do I register?
To register for a course, click on "Go to Class" button on the course page. This will take you to the providers website where you can register for the course.
How do these MOOCs or free online courses work?
MOOCs are designed for an online audience, teaching primarily through short (5-20 min.) pre recorded video lectures, that you watch on weekly schedule when convenient for you. They also have student discussion forums, homework/assignments, and online quizzes or exams.