{"id":568,"date":"2024-05-30T03:15:12","date_gmt":"2024-05-30T03:15:12","guid":{"rendered":"https:\/\/course.oeru.org\/maec101\/?page_id=568"},"modified":"2024-05-30T03:15:12","modified_gmt":"2024-05-30T03:15:12","slug":"course-objectives","status":"publish","type":"page","link":"https:\/\/course.oeru.org\/maec101\/course-guide\/course-objectives\/","title":{"rendered":"Course objectives"},"content":{"rendered":"<div id=\"content\" class=\"mw-body container\" role=\"main\">\n<div class=\"row\">\n<div class=\"col-md-12\">\n<div class=\"panel\">\n<div class=\"panel-body\">\n<div id=\"bodyContent\">\n<div id=\"mw-content-text\" lang=\"en\" dir=\"ltr\" class=\"mw-content-ltr\"><div class=\"panel iDevice\">\n\t<div class=\"panel-heading idevice-heading\">\n\t\t<div>\n\t\t\t<img decoding=\"async\" class=\"pedagogicalicon\" alt=\"aims\" src=\"https:\/\/course.oeru.org\/maec101\/wp-content\/themes\/oeru_course\/idevices\/Icon_objectives.png\">\n\t\t<\/div>\n\t\t<div>\n\t\t\t<h2>Aims<\/h2>\n\t\t<\/div>\n\t<\/div>\n\t<div class=\"panel-body\">\n\t\t<div class=\"col-md-12\">\n\t\t\t<\/p>\n<p><b>Introduction to Principles of Macroeconomics<\/b> is a free micro Open Online Course (mOOC) designed for learners who want to learn about the impact of various groups and factors on the economy. This course will help you to:\n<\/p>\n<ol>\n<li> Outline the principles underlying effective management.\n<\/li>\n<li> Explain the context, both historical and present, of management principles.\n<\/li>\n<li> Connect with learners from around the world to gain broader perspectives on management around the world.\n<\/li>\n<\/ol>\n<p>\n<\/p>\n<p>\n\t\t<\/div>\n\t<\/div>\n<\/div><\/p>\n<p>\n<\/p>\n<div class=\"panel iDevice\">\n\t<div class=\"panel-heading idevice-heading\">\n\t\t<div>\n\t\t\t<img decoding=\"async\" class=\"pedagogicalicon\" alt=\"objectives\" src=\"https:\/\/course.oeru.org\/maec101\/wp-content\/themes\/oeru_course\/idevices\/Icon_objectives.png\">\n\t\t<\/div>\n\t\t<div>\n\t\t\t<h2>Objectives<\/h2>\n\t\t<\/div>\n\t<\/div>\n\t<div class=\"panel-body\">\n\t\t<div class=\"col-md-12\">\n\t\t\t<\/p>\n<p>Upon successful completion of this course, you will be able to:\n<\/p>\n<ul>\n<li> identify, describe, calculate and interpret a variety of key macroeconomic indices;\n<\/li>\n<li> examine how they are used to calculate the status of an economic system;\n<\/li>\n<li> graphically represent and interpret both short-run and long-run aggregate supply and aggregate demand curves;\n<\/li>\n<li> apply this knowledge to identify the impacts on economic indices and spending for government fiscal policy and budgetary decisions;\n<\/li>\n<li> identify and explain the use of financial security devices and how the demand for and supply of these devices impacts the national economy; and\n<\/li>\n<li> apply this knowledge to explain the impact governmental and private financial institutions have on fiscal and monetary policy.\n<\/li>\n<\/ul>\n<p>\n<\/p>\n<p>\n\t\t<\/div>\n\t<\/div>\n<\/div>\n<p>\n(<a href=\"https:\/\/wikieducator.org\/File:Comment.gif\" class=\"image\"><img loading=\"lazy\" decoding=\"async\" alt=\"Comment.gif\" src=\"\/\/wikieducator.org\/images\/d\/db\/Comment.gif\" width=\"16\" height=\"16\" class=\"img-responsive\"><\/a>:<span style=\"color: green; background-color: #F6F9ED\"> Not sure if I can replace the list of objectives below with the one above.<\/span>)\n<\/p>\n<hr>\n<div class=\"panel iDevice\">\n\t<div class=\"panel-heading idevice-heading\">\n\t\t<div>\n\t\t\t<img decoding=\"async\" class=\"pedagogicalicon\" alt=\"objectives\" src=\"https:\/\/course.oeru.org\/maec101\/wp-content\/themes\/oeru_course\/idevices\/Icon_objectives.png\">\n\t\t<\/div>\n\t\t<div>\n\t\t\t<h2>Objectives<\/h2>\n\t\t<\/div>\n\t<\/div>\n\t<div class=\"panel-body\">\n\t\t<div class=\"col-md-12\">\n\t\t\t<\/p>\n<p>Upon successful completion of this course, you will be able to:\n<\/p>\n<ul>\n<li> identify the determinants of demand and supply;\n<\/li>\n<li> describe how changes in demand and supply lead to changes in a market&#8217;s equilibrium price and quantity;\n<\/li>\n<li> distinguish microeconomics from macroeconomics;\n<\/li>\n<li> describe the circular flow model, identifying linkages between the markets for goods and resources as well as the exchanges between businesses and households;\n<\/li>\n<li> define <i>nominal gross domestic product<\/i> and <i>real gross domestic product<\/i>;\n<\/li>\n<li> compare and contrast as well as discuss various measures of output and income;\n<\/li>\n<li> distinguish between real and nominal values;\n<\/li>\n<li> analyze the problems associated with using GDP as a measure of well-being;\n<\/li>\n<li> identify the components of the expenditure and the income approaches to the measurement of GDP;\n<\/li>\n<li> explain how consumer income relates to spending and saving;\n<\/li>\n<li> describe the consumption and savings functions and the terms attached to their slopes;\n<\/li>\n<li> define <i>automatic stabilizers<\/i>, and explain changes in government spending and taxing during a macroeconomic recession and expansion;\n<\/li>\n<li> describe how savings and investment contribute to economic growth;\n<\/li>\n<li> define <i>economic growth<\/i> in terms of changes in the production possibilities curve and in real gross domestic product;\n<\/li>\n<li> define unemployment rate;\n<\/li>\n<li> calculate the unemployment rate;\n<\/li>\n<li> identify and distinguish between the different forms of unemployment;\n<\/li>\n<li> analyze the problems associated with the unemployment rate;\n<\/li>\n<li> describe the three types of unemployment and factors that relate to them;\n<\/li>\n<li> define inflation and deflation, and explain how each affects the price and economic growth of an economy;\n<\/li>\n<li> define, interpret, and calculate inflation rate and the consumer price index;\n<\/li>\n<li> describe the problems and biases associated with the consumer price index;\n<\/li>\n<li> articulate sources of inflation, and explain how they can affect economic stability;\n<\/li>\n<li> use the model of aggregate demand and aggregate supply to explain stagflation;\n<\/li>\n<li> explain the relationship between inflation and unemployment;\n<\/li>\n<li> describe and analyze the Classical as well as the Keynesian views on unemployment; and\n<\/li>\n<li> discuss various explanations for wage and price stickiness.\n<\/li>\n<\/ul>\n<p>\n<\/p>\n<p>\n\t\t<\/div>\n\t<\/div>\n<\/div>\n<p><!-- \nNewPP limit report\nCPU time usage: 0.029 seconds\nReal time usage: 0.034 seconds\nPreprocessor visited node count: 309\/1000000\nPreprocessor generated node count: 928\/1000000\nPost\u2010expand include size: 11779\/2097152 bytes\nTemplate argument size: 7180\/2097152 bytes\nHighest expansion depth: 7\/40\nExpensive parser function count: 0\/100\n--><\/p>\n<p><!-- Saved in parser cache with key we_en-mw_:pcache:idhash:177122-0!*!*!*!*!2!* and timestamp 20240530031511 and revision id 1043239\n -->\n<\/div>\n<div class=\"visualClear\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"row\">\n<div class=\"col-md-12\">\n<ul class=\"pager\">\n<li class=\"previous\">\n            <a href=\"\/maec101\/course-guide\/overview\">\u2190 Previous<\/a>\n          <\/li>\n<li class=\"next\">\n            <a href=\"\/maec101\/course-guide\/syllabus\">Next \u2192<\/a>\n          <\/li>\n<\/ul><\/div>\n<\/p><\/div>\n<div id=\"wenote-ids\"><script type='text\/javascript' id='wenotes-ids'>\n    var WEnotesSite = \"https:\/\/wikieducator.org\";\n    var WEnotesPath = \"\/Introduction_to_principles_of_macroeconomics\/Course_objectives\";\n    var WEnotesSiteID = \"0e3d258fbd36841f92259eefcd41d5e9\";\n    var WEnotesPathID = \"112db9f44ed2250c7afedf84eb1a9b20\";\n    var WEnotesIDs = { site: \"https:\/\/wikieducator.org\", path: \"\/Introduction_to_principles_of_macroeconomics\/Course_objectives\", site_id: \"0e3d258fbd36841f92259eefcd41d5e9\", path_id: \"112db9f44ed2250c7afedf84eb1a9b20\" };\n<\/script><\/div>\n<\/div>\n<footer><\/footer>\n","protected":false},"excerpt":{"rendered":"<p>(: Not sure if I can replace the list of objectives below with the one above.) \u2190 Previous Next \u2192<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":564,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-568","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/course.oeru.org\/maec101\/wp-json\/wp\/v2\/pages\/568","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/course.oeru.org\/maec101\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/course.oeru.org\/maec101\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/course.oeru.org\/maec101\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/course.oeru.org\/maec101\/wp-json\/wp\/v2\/comments?post=568"}],"version-history":[{"count":1,"href":"https:\/\/course.oeru.org\/maec101\/wp-json\/wp\/v2\/pages\/568\/revisions"}],"predecessor-version":[{"id":569,"href":"https:\/\/course.oeru.org\/maec101\/wp-json\/wp\/v2\/pages\/568\/revisions\/569"}],"up":[{"embeddable":true,"href":"https:\/\/course.oeru.org\/maec101\/wp-json\/wp\/v2\/pages\/564"}],"wp:attachment":[{"href":"https:\/\/course.oeru.org\/maec101\/wp-json\/wp\/v2\/media?parent=568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}