Economic Fluctuations

Overview

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This course empowers you to analyze the key drivers of short-term economic fluctuations by mastering the aggregate demand and aggregate supply model. You will investigate how consumer spending and government policy influence the business cycle and learn to apply the expenditure multiplier to see how small changes create amplified economic effects. By examining the short-run Phillips Curve, you will be able to explain the critical trade-off between inflation and unemployment, giving you a powerful framework to assess macroeconomic performance.

Syllabus

Economic Fluctuations

In this course, we examine changes in aggregate demand, focusing on how shifts in consumer behavior and government policy can impact overall economic demand. Next, we'll explore other influences on consumption expenditure, like consumer confidence and social factors that affect spending. We then investigate the size of the multiplier, learning how small changes can have amplified effects on an economy. Last, we'll delve into the short-run Phillips Curve to understand the inverse relationship between inflation and unemployment. This course empowers you to grasp multiple facets of macroeconomic fluctuations.