Overview of Macroeconomics

Name: Overview of Macroeconomics
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Master the concepts surrounding economic growth, the circular income flow and GDP in this free online business course.

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Learning Outcomes

In this free course, you will learn how to:

Define the quantity demanded of a good or service and illustrate it using a demand schedule and a demand curve
Compare between various pairs of economic concepts
Identify supply shifters
State whether a change in a supply shifter causes the supply curve to shift to the right or to the left
Compare macroeconomics and microeconomics
Explain the main specialization areas in the study of microeconomics
Describe how economic growth is measured
Discuss the law of diminishing returns
Identify the components of GDP on the demand side and on the supply side
Evaluate how economists measure gross domestic product (GDP)
Contrast and calculate GDP, net exports and net national product

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