What is macroeconomics?
Macroeconomics refers to the branch of economics that studies the economy as a whole. This includes the total goods and services produced by a country, its economic growth, total income, total consumption, employment rate, inflation, interest rates, and more. Macroeconomics helps to paint a picture of how various sectors of the economy interact and influence each other, and how they impact Gross Domestic Product. Learners will examine how different events can result in economic shocks that shift supply and demand resulting in high inflation or recessions. They will also explore different tools that can be leveraged to address the economic fallout from a shock.
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Why is macroeconomics important?
The study of macroeconomics enables professionals to forecast the economic outlook and pursue policies that will stabilize the overall economy and position it for growth. Economists help governments and businesses determine how they want to invest. Introductory macroeconomics courses may cover macroeconomic theory, the difference between macroeconomics and microeconomics, and economic analysis. Learners will explore supply and demand, fiscal and monetary policy, and other macroeconomic variables. Expertise in these areas can be applied to roles in financial planning, investment analysis, and accounting, among others.
Careers in macroeconomics
The health of the economy impacts nearly every sector of society, so a strong knowledge base in this field can position you for a career in many different industries. Expertise in macroeconomics can be applied to roles in financial planning, investment analysis, accounting, and more. With a tailored background and the necessary education, you may be able to pursue positions as an economist, financial advisor, or business analyst. Consider how online courses in macroeconomics can help you achieve your personal and professional goals and start your learning journey today with edX.