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Aggregate Supply and Demand


Aggregate Supply and Demand

Aggregate Supply and Demand

Learn more about aggregate supply and demand.


Students: 10,597
Course Description

Aggregate supply and demand are key concepts in macroeconomics as they help economists interpret events in the past to help predict the future. The aggregate supply curve model demonstrates the relationship between the overall price level of a country and the quantity of goods and services produced by the suppliers of that country, whereas the aggregate demand curve model demonstrates the quantity of goods and services produced domestically that consumers, businesses, the government and foreigners are willing to purchase during a particular period of time.
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This free online economics course first introduces the learner to the business cycle to show that the local economy is constantly expanding and contracting in response to changes in the global economy, technology and national and international politics. The course then introduces the concept of aggregate demand, how it shifts and how it is modelled. You will also learn about aggregate supply, and how changes in supply can be slower than changes in demand. This free online economics course will be of great interest to professionals in the areas of economics, finance, and business who would like to learn more about modelling aggregate supply and demand. It will also appeal to all learners interested in business, economics or political studies who would like to understand why the health of the economy is cyclical and why one event can have a significant effect on an economy.

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Certification

To qualify for your official ALISON Diploma, Certificate or PDF you must study and complete all modules and score 80% or more in each of the course assessments. A link to your Diploma certificate will then appear under the My Certificates heading of your My Account page.

Learning Outcomes

Learning outcomes: - Learn all in supply and demand in the market affect the economy as a whole; - Understand the difference between short run and long run supply; - Understand how economic models are compiled; - Learn how perceived wealth can affect our economy; - Understand how economic models can be used to indicate possible outcomes in the economy;


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Module Title
Module 1: Understanding Aggregate Supply and Demand
Module 2: Aggregate Supply and Demand Assessment

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Background  
Course Rating (By Learners)
Course Title Aggregate Supply and Demand
Course # 548
Course Publisher Khan Academy
Course Category 2
Content Origin
Course Description  Aggregate supply and demand are key concepts in macroeconomics as they help economists interpret events in the past to help predict the future. The aggregate supply curve model demonstrates the relationship between the overall price level of a country and the quantity of goods and services produced by the suppliers of that country, whereas the aggregate demand curve model demonstrates the quantity of goods and services produced domestically that consumers, businesses, the government and foreigners are willing to purchase during a particular period of time. This free online economics course first introduces the learner to the business cycle to show that the local economy is constantly expanding and contracting in response to changes in the global economy, technology and national and international politics. The course then introduces the concept of aggregate demand, how it shifts and how it is modelled. You will also learn about aggregate supply, and how changes in supply can be slower than changes in demand. This free online economics course will be of great interest to professionals in the areas of economics, finance, and business who would like to learn more about modelling aggregate supply and demand. It will also appeal to all learners interested in business, economics or political studies who would like to understand why the health of the economy is cyclical and why one event can have a significant effect on an economy.
License  This course is available from Khan Academy OpenCourseWare through the following Creative Commons licence:
Creative Commons License
Release Date 07 November 2012
   
Content  
Course Duration (Avg Learner) 1-2 Hours
Video/Audio High
Audio Only High
Animation None
Assessments Yes
 
Education Level
Age appropriateness 18+ Years
Minimum Grade/Class Level Higher High Secondary School
 
Validation Level 5
ALISON Testing Yes
Certification Availability
PDF Download Yes
Parchment Yes
Framed Certification Yes
   
Merchandise Availability
Marketing Information
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Course Forum  View

Study for Free at Your Own Pace! Start This Course

  • Narendranath Thadkal United States of America Very beautifully explained by the faculty. Most information dont need any background though there are light references to some previous video in the material which I was not aware of. Being a person outside finance, I found the material, pace and information simple and clear. Thanks for providing this for free. 2014-11-30 21:11:30
  • Pavitjot Singh Mann India The course was really good and insightful . I learned a lot of things. I have a suggestion to include more examples as it helps one to understand the concept more deeply. Thanks again providing the oppurtunity to learn about aggregate supply and demand 2014-11-27 19:11:03
  • Dulith Perera Sri Lanka its a great course that is quite beneficial for a student like me. The various explanations relating to aggregate demand and supply are definitely invaluable.Overall, it's an incredible course. 2014-11-27 14:11:23
  • Kenneth Nortey Ghana it wasn't easy but i sailed through 2014-11-22 09:11:20
  • Sumon Mahmud Bangladesh This course will assist me in challenging inventory sectors 2014-11-12 14:11:55
  • faizal abdi Somalia This short course I have understood my advantage, I would like to thank Alison course and finally I suggest my friend's whom like education to take this course financial and economic literacy. 2014-10-30 18:10:08
  • Pablo Schiaffino Rivas Mexico Excellent 2014-10-28 18:10:17
  • Kaushik Gajula India an essential course to understand the economy of the world 2014-09-28 07:09:28
  • Robert Jones United States of America The course was informative and well presented with good use of examples. Made student aware that the use of the demand supply analysis is limited and only a basic model as it does not take into account may factors in a society that have an impact on the levels of supply and demand. Course is concise and raised as many questions as it provided information and answers. Course explains why we have up and down business cycles accompanied by changes in employment levels, inflation and recessions and how gdp incorporates both private and government activity. Instructior communicated in a relaxing non technical manner easy to understand. 2014-09-23 22:09:04
  • Robert Jones United States of America Course covered an extensive amount of information in concise fashion in a short space of time. Also revealed how much of economics is potentially affected by factors nor considered in basic supply demand analysis. 2014-09-22 22:09:07
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Study for Free at Your Own Pace! Start This Course

Free, Online Aggregate Supply and Demand Course.