Take a deeper look at modern economics and learn how it affects countries around the world, with this free course.
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Inflation is often expressed as a percentage and indicates a decrease in the purchasing power of a nation's currency. This course will first discuss inflation. You will learn how it acts as a quantitative measure of the rate at which the average price level of selected goods and services in an economy increases over a period of time. You will then look into its opposite, which is deflation. Deflation is the decline in prices for goods and services and happens naturally when the money supply of an economy is fixed.
The Consumer Price Index (CPI) is used to examine the weighted average of prices of a basket of consumer goods and services. This may include transportation, food, and medical care. This course will discuss the CPI index along with Unemployment Rate. You will then study the data on Chinese foreign assets and Chinese - US balance of payments. You will also look into the effects of floating exchange on China and on the USA.
Following the recent global financial crisis, there has been a huge increase in people seeking to learn about how economies and modern economic systems work. By the end of this course, you will understand how economic decisions taken in one country can dramatically affect the economies of other countries around the world. So check out the course today, start gaining a deeper understanding of modern economic concepts and principles, and the interrelationship of global economies.
Module 1: Understanding Modern Economics
Modern Economics - Example: Economics of a Cupcake Factory
Economics of a Cupcake Factory - Part 2
Economics of a Cupcake Factory - Part 3
Inflation, Deflation & Capacity Utilization - Part 1
Inflation, Deflation & Capacity Utilization - Part 2
Inflation & Deflation 3: Obama Stimulus Plan
Simple Analysis of Cost per Job Saved from Stimulus
Unemployment Rate Primer
Floating Exchange Resolving Trade Imbalance
China Pegs to Dollar to Keep Trade Imbalance
China buys US Bonds
Review of China US currency situation
Data on Chinese M1 Increase in 2010
Data on Chinese Foreign Assets Increase in 2010
Data on Chinese US Balance of Payments
Floating Exchange Effect on China
Floating Exchange Effect on US
Module 2: Understanding Modern Economics Assessment
Learning outcomes: - Understand economic concepts and principles such as Capacity Utilization Rate, Return on Assets, Gross profits, and Cost of Goods Sold; - Understand the principles behind Earnings Before Interest and Taxes, Breakeven point, Aggregate Capacity, Aggregate Demand, and Aggregate Utilization; - Examine the rise of the Chinese economy and how it affects the economy of a country like America;
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Free, Online Modern Economics Course
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