可持续星球的宏观经济学

你将学到什么

课程概况

Unemployment. Inflation. Protectionism. Trade barriers. Fiscal deficit. These are not just terms in an economics textbook or in newspaper headlines. These real-life challenges carry societal and environmental implications for billions of people around the world. How do we balance the pursuit of economic growth with the right of all people to thrive on an increasingly fragile planet? To answer this question, we must reframe our understanding of macroeconomics in the context of a highly interdependent world.

Led by two leading economic minds – Columbia University Professor and Senior UN Advisor Jeffrey Sachs and former Chilean Minister of Finance Felipe Larraín – this massive open online course explores traditional macroeconomic principles and tools, updated for the age of sustainable development and the current wave of globalization. Is a thriving global economy possible in an equitable and environmentally thoughtful way? Find out here.

This course is for:

Graduate students and advanced undergraduate students studying international development, economics and/or sustainable development
Economists interested in the balance of macroeconomic principles and ESG (environmental, societal and governance) criteria
Sustainable development practitioners – as well as private-sector actors, such as those who work in the financial sector – who need to understand the economic models that support and depend on sustainable development

课程大纲

Module 1: Introduction to Macroeconomics

Introduction
Macroeconomic Pathologies
21st Century Perspectives on Macroeconomics
International Comparisons of Income
GDP & Well-Being
Module 2A: Output Determination & Employment

Full-Employment Economy
Deriving GDP | Part I
Deriving GDP | Part II
Labor & Saving | Part I
Labor & Saving | Part II
Module 2B: Output Determination & Employment

Economic Growth
Partial-Employment Economy
Business Cycles
Aggregate Demand Management
Problems with Aggregate Demand Management
Output Determination in the IS-LM Model
Module 3: Labor Markets

Labor Markets, Concepts, Definitions & Groups
Labor Market Institutions: Minimum Wages, Unionization & Contracts
Costs of Unemployment, Digitization of Labor, Informality & Underemployment
Module 4: Money & Central Banking

Money vs. Barter: History & Concepts
Money Demand
Money Supply: the Role of the Central Bank
The Central Bank: New Approaches to Monetary Policy
Module 5: Exchange Rates

Exchange Rate Arrangements
PPP & Interest Rate Arbitrage
The Real Exchange Rate & the Role of Non-Traded Goods
Monetary Policy: Fixed & Floating Exchange Rates
Currency Crises
Module 6: Financial Markets & Crises

Bank Runs & Panics | Part I
Bank Runs & Panics | Part II
Preventing Bank Runs
Bubbles & Crashes
Managing Insolvencies
When Governments Go Broke
Module 7: Inflation, Unemployment & Stabilization

Inflation, the Fiscal Deficit & Seigniorage
The Costs of Inflation
Inflation, Unemployment & the Phillips Curve
Stabilization Themes
Module 8: Consumption, Saving & Investment

Consumption, Saving & the Intertemporal Budget Constraint
Permanent Income Consumption Theory
Life Cycle Model of Consumption & Saving
Investment
Basic Theory of Business Investment
Module 9: Fiscal Policy and Institutions

Budget, Public Revenues & Expenditures
Saving, Investment, the Fiscal Deficit & Management of Public Debt
Interactions Between Public & Private Sectors
Fiscal Institutions & Policies
Module 10: Open Economy Issues

Aggregate Demand in an Open Economy
Aggregate Demand with a Flexible Exchange Rate
Aggregate Demand with a Fixed Exchange Rate
The Current Account & External Indebtedness
The Intertemporal Budget Constraint of a Country
Module 11: Economic Growth

Economic Growth in History, Patterns & Sectors
Sources of Economic Growth
Solow’s Growth Convergence Model
Growth & Inequality
Growth Traps
Module 12: Globalization

What is Globalization?
Development of the Global Economic System
Globalization of Population Systems
Crises of Poverty & Inequality
Challenge of Sustainable Development

预备知识

None.