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NewcastleX: Modern Monetary Theory: Economics for the 21st Century

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Demystify macroeconomic principles and terminology and discover how Modern Monetary Theory (MMT) provides explanations for some of the world's most troubling financial concerns.

4 weeks
2–3 hours per week
Instructor-led on a course schedule
This course is archived
Future dates to be announced

About this course

Skip About this course
  • Thinking in a macroeconomic way. What should macroeconomic theory be able to explain? Measurement frameworks.
  • What is Modern Monetary Theory and what are its implications? Why is it the future of macroeconomics?
  • The role of fiscal policy. The path to full employment and price stability. Case studies in unemployment and hyperinflation.
  • Monetary policy design and the role of central banks. How does the banking system operate?
  • Exchange rate systems and international trade. Global financial markets and the State - who is in charge?
  • Policy setting in crises: the challenges of climate change and the pandemic.

At a glance

  • Language: English
  • Video Transcript: English
  • Associated skills:Economics, Monetary Economics, International Trade, Financial Market, Macroeconomics, Fiscal Policies

What you'll learn

Skip What you'll learn
  • An entry level understanding of the way modern monetary systems operate.
  • An enhanced understanding of the fiscal and monetary policy options available to governments.
  • An awareness of why the standard economic statements in the media about government deficits and debt distort our understanding of the actual constraints that government spending faces.
  • Ways to assess government policy options, for example, in dealing with the pandemic.
  • An appreciation of the issues involved in balancing demands for growth and environmental constraints.

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