Macroeconomics & Social Impact

Macroeconomics For Social Impact — An Online Learning Bazooka 

This is the first video on the Macroeconomics series and shares an introduction to basic concepts in economics. (This is revised from the original tutorial and read posted on The middle Road). Macroeconomics forms the backbone of our economy and is a significant enabler for understanding the underpinnings of social impact. The global development sector is prone to economic cycles, development economics is a major pillar for understanding policies and interventions for alleviating poverty, driving equitable education, sustainability, and much more. The tow key reference books for this course are Macroeconomics by M Gregory Mankiw and Macroeconomics Policy & Practice by Mishkin. One must refer to a good text book while referring to this course. The educational series designed and taught by Nishant Malhotra is structured for both undergraduate and postgraduate students. The course is extremely useful for CFA, and other certified courses as well as for working professionals.

This macroeconomic series will share an overview on the following topics. To gain more on an evidence-based approach, do refer to the tutorials under Statistics and Impact Evaluation.

Clarity on the impact of Macroeconomics: 

The concept of supply and demand both in the short run and long run  

  • Understand Demand and Supply Equilibrium through Airline Example 
  • Behavior of Economy over Long Run Vs Short Run 
  • Understanding of fiscal policy influences and monetary stabilization policies 
  • Social costs of inflation; Implication of development economics, policies, evidence-based framework at a macro level 

 

Lessons

Macroeconomics The Beginning

Author: Nishant

Today we will look at the Airline Industry to understand the concept of demand and supply. Let’s look at a simple model: the effect of perception of safety of travelers/passengers…

Module1: Learn about GDP

Author: Nishant

Add This is the second module in the Macroeconomics series and delves into Gross Domestic Product. This is an in-depth tutorial on the components of GDP, GNP, Real Vs Nominal…

National Income & Savings

Author: Nishant

This module talks about National Income & Savings for a closed economy. In this module, the road map of the topics ahead is given. In this module, concepts on National…

Aggregate Production Function and Productivity

Author: Nishant

Learn about the Production Function and Total Factor Productivity. The concept is enunciated through real data examples of countries. Learn about Cobb-Douglas Production Function, its characteristics (Constant Returns to Scale…

Module 6: Small Open Economy

Author: Nishant

This tutorial discusses small open economy with examples like Hungary along with international capital flows and trade balance, saving and investment in a small economy, SI model using world interest…