ECON102: Principles of Macroeconomics

Most people may understand the economic concept of unemployment and inflation. The unemployment rate reflects the number of unemployed people who are actively seeking jobs, and inflation generally indicates that price levels of most goods and services are rising (but not all). This module will give you a deeper understanding of these concepts and their interrelationship.

First, consider the purchasing power of the dollar or inflation that violates other currency units such as Euro, yen, pounds. By distinguishing nominal income, actual amount, actual income, or the number of products or services available for purchase, macroeconomics will help measure the impact of inflation on the economy and its living standards I will. Second, please consider some details about unemployment. There are workforce including employment and unemployment, or labor force that has the ability to work but is not currently working, and has no labor force including full-time students, non-working spouses, retirees. Thirdly, to further change the depth, we define three types of unemployment: friction unemployment (or temporary unemployment), structural unemployment (affecting the entire economic sector), periodic unemployment (due to economic recession) explain. Cause)

In order to better understand the relationship between unemployment and inflation, let us consider the following unlikely event. Suppose everyone looking for work has a day tomorrow, getting earned, and using income. It will take time for the product to arrive at the retail store so there will be plenty of money to follow the item. As a result, the unemployment rate will decline and the overall price level will rise. In addition, in the process, the difference between our expectations for inflation and our observations against it often reinforces the notion that expectation plays an important role in macroeconomics.

In this course you will learn all major principles of macroeconomics usually taught in undergraduate or MBA students for 4 minutes or 1 semester. Perhaps more importantly, you will also learn how to apply these principles to various situations in your personal and occupational life. Thus, the power of macroeconomics will help increasingly competitive and successful in a global environment. This course is also available in Portuguese. To participate in the fully translated Portuguese version, please visit this page. https://www.coursera.org/learn/macroeconomia-pt/

On log Thursday I asked students in my "Macroeconomic Principles" course to understand that the logarithm is the secret of the core mathematical tools of macroeconomics. In at least half of the two papers studying real world data and macroeconomic theorem paper, logarithms are usually the leading characters. Why is natural logarithm so important? Since I decided that this article has only a few equations, I have to rely on mathematical training to get the basic rule of logarithms. They convert multiplication to addition and change power to multiplication. What I want to achieve in this article is to provide a better logarithmic intuition - an intuitive feeling that is often unavailable in mathematics textbooks. I would like to establish a strong relationship between natural logarithm and rate of change.

Criterion 5: Prove the understanding of basic macroeconomic principles. Long-lasting understanding: Macroeconomics is related to the behavior and performance of the economy as a whole. Analysis of macroeconomic data will provide important information on socio-economic well-being and urge the government to make reasonable revisions as necessary. Government intervention is often used to stabilize and secure the economy, but it has been strongly influenced by ordinary people and institutions and is highly appreciated. EPF 5.1 identifies and analyzes important economic indicators and data for use