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Aggregate Supply and Demand


Aggregate Supply and Demand
Aggregate Supply and Demand

Learn more about aggregate supply and demand.


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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.

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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Course Rating (By Learners): 4 stars based on 263 reviews
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: Post-Secondary
Validation: Level 5
ALISON Testing: Yes
Certification Availability
PDF Download: Yes
Parchment: Yes
Framed Certification: Yes

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  • aaa
    Andy Phillips United States of America Great module for someone who knows nothing about business trends. 2015-05-16 17:05:41
  • aaa
    Anas Alghamdi United States of America it was so amazing 2015-04-18 06:04:26
  • aaa
    Ryan Williamson United Kingdom A good overview into Supply and demand within an economy 2015-03-23 21:03:04
  • aaa
    Rackie Allie Liberia This course is absolutely amazing. 2015-03-13 14:03:16
  • aaa
    Ahmad Jawid Mahyar Afghanistan First of all I want to thank you about these helpful courses, for me as an economic student it was necessary to know more about Aggregate Supply and Demand. I learned a lot from the course and the main positive point is the easy description of the course. 2015-03-01 14:03:53
  • aaa
    Colleen Jones United States of America Great examples and detail with the Aggregate Supply and Demand Course. The instructor explained and demonstrated his teachings clearly and plainly. Recommend this for learning. 2015-02-26 13:02:13
  • aaa
    Manish Ragoobeer Mauritius Simple and educative 2015-02-20 12:02:31
  • aaa
    Ibrahim Junior Rogers Sierra Leone This course is hard and nice. I will like to proceed after receiving my certificate 2015-02-11 05:02:31
  • aaa
    Rowel Callanta Philippines The course was great. The presentation was very effective 2015-02-07 11:02:26
  • aaa
    Joseph Collins United States of America Good course. Learned a lot about the basics of economics: supply, demand, modeling curves and business needs. 2015-02-06 23:02:00
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Free, Online Aggregate Supply and Demand Course.