This course takes an intermediate level approach to macroeconomic theory and its applications, building on the foundations developed in the principles of economics. It will provide analytical tools and formal models to explain the behavior of output, inflation, employment, interest rates, exchange rates, and other aggregate economic quantities. This set of tools is used to understand current economic issues, forecast the behavior of the economy, and assess the impact of policy choices. To optimize learning outcomes, this course incorporates artificial intelligence to enhance students' understanding of macroeconomic concepts. These AI tools provide personalized learning, real-time feedback, and practical application support. Finally, this course will help prepare students entering graduate education or starting careers in economics, finance, or policy-making.
- Syllabus: Fall 2025
- Discord: Econ Hub
- YouTube: Business School 101
- Getting Started with AI Agents
- Lecture 0: What is Economics
- Lecture 1: Total Production and Income
- Lecture 2: Unemployment, Inflation, and Interest Rate
- Lecture 3: Economic Growth, Financial System, and Business Cycles
- Lecture 4: Economic Growth Model
- Lecture 5: Aggregate Expenditure and Output in Short Run
- Lecture 6: Aggregate Demand and Aggregate Supply Analysis
- Lecture 7: Money, Banks, and Federal Reserve System
- Lecture 8: Monetary Policy
- Lecture 9: Fiscal Policy
- Lecture 10: IS-LM Model
- Lecture 11: Macroeconomics in Open Economy
- List of equations
- Lecture 1: A Tour of the Book
- Lecture 2: The Goods Market
- Lecture 3: Financial Markets
- Lecture 4: Goods and Financial Markets: the IS-LM Model
- Lecture 5: The Labor Market
- Lecture 6: Putting All Markets Together: The AS-AD Model
- Lecture 7: Phillips Curve, Natural Rate of Unemployment, and Inflation
- Lecture 8: The Facts of Growth
- Lecture 12: Expectations: The Basic Tools
- Lecture 16: Openness in Goods and Financial Markets
- Lecture 19: Monetary Policy
- Lecture 20: Fiscal Policy
- Appendix: A Math Refresher