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3.1 Microeconomics

Lecture video introduction

Lecture video part 1

Learning Outcomes

Demand

Supply

Equilibrium Price

Changes in Equilibrium Price

3.2 Macroeconomics

Lecture video part 2

Inflation

How Is Inflation Measured

Historical Trends in the Inflation Rate

Unemployment

Gross Domestic Product

How Is GDP Measured?

Historical Trends in GDP

3.3 Business Cycles and Economic Activity

Lecture video part 3

What Is the Business Cycle?

Stages of the Business Cycle

Historical Trends

3.4 Interest Rates

Lecture video part 4

Market for Loanable Funds

Nominal Interest Rates

Real Interest Rates

Risk Premiums

3.5 Foreign Exchange Rates

Lecture video part 5

Spot Exchange Rate

Currency Appreciation

Currency Depreciation

Exchange Rate Risk

3.6 Sources and Characteristics of Economic Data

Lecture video part 6

FRED: Federal Reserve Economic Data

Levels versus Percentage Changes

Indexes

Welcome to the 'Economic Foundations of Money and Interest Rates' course. In today's interconnected global economy, understanding the fundamental principles of economics is crucial for making informed financial decisions.

Welcome to the 'Economic Foundations of Money and Interest Rates' course. In today's interconnected global economy, understanding the fundamental principles of economics is crucial for making informed financial decisions. This comprehensive course bridges the gap between theoretical economic concepts and real-world financial applications. We begin by exploring the core tenets of microeconomics, including the dynamics of supply, demand, and equilibrium pricing. From there, we zoom out to macroeconomics, unpacking critical indicators like inflation, unemployment, and Gross Domestic Product (GDP).

As you progress, you will dive into the fascinating rhythms of business cycles and their profound impact on economic activity. A major focus of this course is the intricate world of interest rates—you will learn how the market for loanable funds operates, distinguish between nominal and real interest rates, and understand risk premiums. Additionally, we will demystify foreign exchange rates, covering spot rates, currency appreciation, depreciation, and exchange rate risk. Finally, you will gain practical skills in sourcing and analyzing economic data using tools like FRED (Federal Reserve Economic Data), learning to interpret levels, percentage changes, and indexes. Whether you are a finance professional, a business student, or an individual looking to sharpen your economic literacy, this course provides the essential building blocks to navigate and analyze the financial landscape with confidence.

Chapter 3 Economic Foundations of Money and Interest Rates

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            <p>Understanding the financial landscape requires a deep dive into the fundamental economic principles that govern market behavior and national stability. This course explores the dual pillars of microeconomics and macroeconomics, beginning with the mechanics of supply, demand, and the determination of equilibrium prices. By examining how individual choices and market interactions shape the value of goods and services, learners establish a baseline for broader economic analysis. The focus then shifts to the macroeconomic environment, where critical indicators such as Gross Domestic Product (GDP), inflation rates, and unemployment figures provide a comprehensive view of a nation's fiscal health and historical growth patterns.</p>

<p>Beyond static indicators, the curriculum delves into the cyclical nature of economic activity and the intricate world of monetary valuation. Participants will analyze the stages of the business cycle and the market for loanable funds, distinguishing between nominal and real interest rates while accounting for risk premiums. The global dimension of finance is addressed through an exploration of foreign exchange rates, including the risks associated with currency appreciation and depreciation. To ground these theoretical concepts in reality, the course emphasizes the practical use of economic data sources like FRED, teaching students how to interpret indexes and differentiate between levels and percentage changes to make informed financial decisions.</p>
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