Understanding economic policymaking

开始时间: 04/22/2022 持续时间: Unknown

所在平台: CourseraArchive 课程类别: 经济与金融 大学或机构: IE Business School（西班牙IE商学院） 授课老师： Gayle Allard

课程主页: https://www.coursera.org/course/econpolicy

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课程详情

Developed countries are immersed in the worst crisis since World War II.  How are governments responding?  Could they do more?  These are the questions that will be tackled in this course.

 

The course begins with a review of some basic macroeconomic concepts to lay the groundwork for the policy framework.  It then analyzes how fiscal policy works and what the effects of today´s outsized deficits and debts could be on national economies.  It then moves to monetary policy and explores its drawbacks and the recourse to other approaches, such as quantitative easing.  Finally, the course looks at the other policies open to governments to address a crisis, and the debate over how they have been used today.

 

Students will finish the course by trying their own hands at economic policymaking for an unidentified country, with an online simulator exercise.

课程大纲

Week One:

An overview of the macroeconomy and its basic variables: GDP, inflation, unemployment and the relationships among them.

Week Two:  

Diagnosing a macroeconomy.  What does the economy need as it passes through the different “gaps” in the business cycle?  Do any problems solve themselves?

Week Three:  

Fiscal policy as an expansive and restrictive policy tool.  How can governments use taxes and government spending to influence the economy?  What are the drawbacks of fiscal policymaking?  When are deficit spending and rising debt appropriate, what sizes give cause for concern, how can they be addressed? 

Week Four: 

Monetary policy as an expansive and restrictive policy tool. How does it work? What are its strengths and weaknesses?  What is the meaning of cyclical asymmetry and how have central banks addressed this problem in the crisis?  What might be the consequences?

Week Five: 

Combining policies.  How do different combinations of these policies affect the macroeconomy, in the short and the long run?

Week Six: 

The debate over rules vs. discretion in the wake of the financial crisis.  Trying your hand at economic policymaking.

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