The Real Economy

Overview

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This course empowers you to analyze the fundamental drivers of long-term economic prosperity. You will learn to calculate economic growth rates, explain the critical role of human capital, and assess the relationship between unemployment and real GDP. By exploring how financial institutions and government policies influence the economy, you will gain the skills to interpret the complex forces that raise living standards and determine how an economy reaches its full potential.

Syllabus

The Real Economy

This course takes you on a journey through pivotal macroeconomic themes, beginning with the Natural Unemployment Rate to understand the baseline level of joblessness in an economy. We'll then explore the expansion of human capital, emphasizing its role in economic growth and prosperity. From there, we'll dissect the causes and effects of economic growth, analyzing how factors like innovation and capital accumulation lead to higher living standards. Finally, we'll examine the role of financial institutions in channeling resources and supporting economic activities. By the end of this module, you'll have a robust understanding of these interconnected topics.