This document summarizes a Coursera course titled "The Power of Macroeconomics: Economic Principles in the Real World" taught by Dr. Peter Navarro. The course uses multimedia presentations over 11 lectures to cover macroeconomics topics like inflation, unemployment, fiscal and monetary policy, and international economics. It is highly interactive with embedded questions and discussions. The author of the document is taking the course to gain a deeper understanding of macroeconomics and help decide their future economics major in university.
This document summarizes a Coursera course titled "The Power of Macroeconomics: Economic Principles in the Real World" taught by Dr. Peter Navarro. The course uses multimedia presentations over 11 lectures to cover macroeconomics topics like inflation, unemployment, fiscal and monetary policy, and international economics. It is highly interactive with embedded questions and discussions. The author of the document is taking the course to gain a deeper understanding of macroeconomics and help decide their future economics major in university.
This document summarizes a Coursera course titled "The Power of Macroeconomics: Economic Principles in the Real World" taught by Dr. Peter Navarro. The course uses multimedia presentations over 11 lectures to cover macroeconomics topics like inflation, unemployment, fiscal and monetary policy, and international economics. It is highly interactive with embedded questions and discussions. The author of the document is taking the course to gain a deeper understanding of macroeconomics and help decide their future economics major in university.
This document summarizes a Coursera course titled "The Power of Macroeconomics: Economic Principles in the Real World" taught by Dr. Peter Navarro. The course uses multimedia presentations over 11 lectures to cover macroeconomics topics like inflation, unemployment, fiscal and monetary policy, and international economics. It is highly interactive with embedded questions and discussions. The author of the document is taking the course to gain a deeper understanding of macroeconomics and help decide their future economics major in university.
The course that I have chosen is The Power of Macroeconomics: Economic Principles in the Real World. This course is lectured by Dr. Peter Navarro, PhD of Economics and Public Policy from The University of California, Irvine and holds a Ph.D. in Economics from Harvard University. He received several teaching awards in 2010 for the MBA programs that he teaches. He is also an author which has written quite a number of books, some of which are If Its Raining in Brazil, Buy Starbucks, What the Best MBAs Know, When the Market Moves, Will You Be Ready? and etc. Navarro's work has appeared in Barrons, Business Week, The Los Angeles Times, The New York Times, The Wall Street Journal, and the Harvard Business Review, among other publications. Navarro has appeared frequently on Bloomberg TV and radio, CNN, NPR, Marketplace, and all three major network news shows. He is a regular contributor to CNBC and has appeared on 60 Minutes. Additionally, he often produces investment videos for thestreet.com.
Macroeconomics examines the economy as a whole and answers questions such as 'What causes the economy to grow over time?', 'What causes short-run fluctuations in the economy?' 'What influences the values various economic indicators and how do those indicators affect economic performance? Macroeconomics can be best understood in contrast to microeconomics which considers the decisions made at an individual or firm level. Macroeconomics considers the larger picture, or how all of these decisions sum together. An understanding of microeconomics is crucial to understand macroeconomics. To understand why a change in interest rates leads to changes in real GDP, we need to understand how lower interest rates influence decisions, such as the decision of how much to save, at the firm or household level. Once we understand how an individual, on average, will change their behavior we will then understand the large scale relationships in an economy.
Government management of the economy is always a key political issue - not least at election time, when the government must defend its economic record over the previous four or five years. Each government must set targets and objectives when it assumes power - and often, economic objectives lie right at the heart of a government's overall strategy.
This is a complete college and MBA-level course in the principles of macroeconomics as normally taught in a quarter or semester time frame. The centerpiece of the course is a set of eleven lectures, broken down into 5 to 7 topics per multimedia presentations that are specifically designed to simulate the traditional classroom lecture experience. Each lecture covers topics such as inflation, unemployment, fiscal policy, monetary policy, and, in this age of globalization, exchange rates and the economics of free trade. These multimedia presentations feature a digitally-mastered audio sound track; and each slide in a typical presentation may include bulleted material from the audio track, dynamically constructed graphs such as the Keynesian model, animated charts and figures, historical photos of people such as Adam Smith, John Maynard Keynes and Ben Bernanke, or some combination thereof.
To me, this everything in this Coursera course is highly interactive so that throughout each lecture, I was asked numerous questions and feel free at any time to put the presentation on pause as I think of possible answers. Each week I was also prompted to reflect on a question related to the topic and encouraged to discuss the questions with my fellow classmates. After each lecture, I took an online quiz and checked both my grade and my answers. At the end of the course, I took a final exam online.
At the time of writing this report, the course is only in its fourth week. The total duration of this course actually stretches to ten weeks. I will carry on this course to the end so that I can have a deeper understanding as to how macroeconomics works.
In crux, this has been a good experience because I had a sneak peek on what will be taught in the undergraduate level. In addition to economics I am studying in the Cambridge A-Level now, to a certain extent it has helped me to decide that this will be the major that I am going to be pursuing in the future. Thank you.
Character Formation 2014 (THE POWER OF MACROECONOMICS: Economic Principles in the Real World)
Name : Kong Shao Cherng Cohort : 1401D Lecturer : Mr. Yoshua