The Best Free Online Macroeconomics Courses
With university life still suffering major disruptions and COVID fatigue reaching new heights, we at INOMICS felt it time for the latest instalment in our ‘online course’ series. We understand how difficult it’s been in these last months, the fear, frustration, and now, more recently, the boredom. Many have picked up new hobbies to pass the time, some have started learning a new language, and others, even, have experimented with exercise... As admirable as these endeavours are, a trick is still being missed. For what better way could there be to emerge from all of this madness than with a better grasp of... macroeconomics. Yes, there is none. You’re in luck, too. For there are countless opportunities to do this online, oftentimes for free! Can anyone really say they don’t need a little revision on the functions of GDP, the fluctuations of inflation, or the factors informing unemployment rates?! We thought not. So without further ado, here are our best picks of all that's out there:
Hosted by the IMF, this course will teach you to assess a country’s macroeconomic situation using practical tools integral to day-to-day macroeconomic analysis. Throughout the 6 weeks of the course, you will learn how to analyze potential output, identify expenditure composition of growth, measure inflation, and assess sources of inflation. You will also gain a grasp of monetary and fiscal policy, develop an understanding of public and external debt sustainability, and learn how to assess the medium-term prospects of any given economy. It’s pretty all encompassing, and best of all it’s free!
Run by the prestigious SDG Academy, this course focuses on the potential earth-saving question: is it really possible to develop a thriving global economy in a fair and environmentally-resilient way? At 13 weeks in length, and thus slightly longer than others in the list, the course also manages to squeeze in scrutiny of GDP, assessment of sustainable investment strategies, and takes a look at the rapidly changing labor market. We could not recommend it highly enough.
Let the University of Queensland lead you through an exploration of all the fundamentals of contemporary international macroeconomy, including the study of trade, exchange rate systems, international financial policy and open macroeconomy. At just 6 weeks, this course is not just for the economist, but also the layman, and will deliver a great level of understanding on the international economy, in addition to trade balance and exchange for anyone ‘curious about global economic behaviour and what influences it’.
In 8 hours of material, this free macroeconomics course explores the economic way of thinking, and the role incentives play in our lives. It also seeks to answer big questions like: why do some countries grow rich while others remain poor? What role does a country's banking system play in its economic policy? Big questions to one side, it also covers important topics like the function of the Federal Reserve, also known as ‘the fed’, monetary policy, fiscal policy, the Solow Growth Model, and the ‘economics of ideas’.
Another course hosted by the IMF, here you’ll learn how to create and assess forecasting models to predict macroeconomic variables such as inflation and economic growth. Over the course of its 9 week duration this macroeconomics course will familiarise you with macroeconomic variables such as inflation, growth and consumption, while instructing you how to create statistical models in economics and then how to apply them to policy.
Delivered by the University of California, this course is for anyone interested in exploring the strategic components of applied economics combining business strategy with the principles of macroeconomics. It equips its participants with a powerful analytical toolbox with which to assess the major functions of business, management, statistics, and, of course, business strategy. 11 weeks in length, if you want to ‘expand your skills at the interface of strategy and business management’ this is the course for you.
- Personal Stories
The Benefits of an Economics Background for an Engineer
Ever since I was a kid, I dreamed of becoming an engineer. From playing with LEGO to being an active member of my high-school robotics team, I loved building things and breaking them down to learn how they worked. This being said, I have kept an open mind about a position in management down the road and from this perspective it was important to me to prepare for a career in both business and engineering. My answer: a dual degree program whereby I completed a BA in economics alongside a BSc in Mechanical Engineering.
- A Survey of Economists
Countries with the Highest Salaries for Academics
In 2018 we at INOMICS released another of our Salary Reports. The report provides an overview of a survey conducted of 2175 people in 2017 and contains insights into the job market, specifically the economics job market. Respondents came from 117 countries, 17 more than the year previously, and the figure of those asked represented an increase of 11% on the previous year. The report takes into accounts of gender, level of academic degree, sector, number of years of experience and seniority.
- Study Abroad
Letters of Reference for UK University Applications
Regardless of where you are applying, nearly every course requires at least one, if not two or three letters of reference. Such documents are sometimes also referred to as letters of recommendation. In general, it is best for reference letters to be written by professors with whom you have worked closely, so they can offer detailed insight into you and your work.