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    Macroeconomics: A Modern Money Theory Perspective

    BY
    Udemy

    Learn the fundamentals as well as advanced aspects of modern money theory to transform your perspective on macroeconomics.

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    Mode

    Online

    Fees

    ₹ 2499

    Quick Facts

    particular details
    Medium of instructions English
    Mode of learning Self study
    Mode of Delivery Video and Text Based

    Course overview

    Macroeconomics: A Modern Money Theory Perspective online certification is developed by Sashi Sivramkrishna - Economist & Trainer and presented by Udemy for candidates who want to comprehend the actual operation of the modern monetary system and contribute to modern macroeconomic discussions. Macroeconomics: A Modern Money Theory Perspective online course seeks to equip applicants with the opportunity to understand a disruptive change in how people view and address some of the world's most difficult macroeconomic issues.

    Macroeconomics: A Modern Money Theory Perspective online classes by Udemy feature more than 23.5 hours of extensive video-based lectures, as well as a downloadable resource to which applicants can go for theory on the topics covered in the lecture. This course covers a variety of economic and banking concepts such as monetary policy, fiscal policy, inflation, hyperinflation, and many more.

    The highlights

    • Certificate of completion
    • Self-paced course
    • English videos with multi-language subtitles
    • 23.5 hours of pre-recorded video content
    • 1 downloadable resource
    • 30-day money-back guarantee 
    • Unlimited access
    • Accessible on mobile devices and TV

    Program offerings

    • Certificate of completion
    • Self-paced course
    • English videos with multi-language subtitles
    • 23.5 hours of pre-recorded video content
    • 1 downloadable resource
    • 30-day money-back guarantee
    • Unlimited access
    • Accessible on mobile devices and tv

    Course and certificate fees

    Fees information
    ₹ 2,499
    certificate availability

    Yes

    certificate providing authority

    Udemy

    What you will learn

    After completing the Macroeconomics: A Modern Money Theory Perspective certification course, candidates will obtain an understanding of both macroeconomic and microeconomic fundamentals. Candidates will explore the fundamentals of modern money theory.  Candidates will study numerous banking and economic concepts such as capital adequacy, monetary policy, interest rate corridors, and inflation and hyperinflation. Candidates will also be able to articulate and participate in current macroeconomic concerns.

    The syllabus

    Introduction

    • Introduction

    Macroeconomics and Money (Part 1)

    • What is economics?
    • What is microeconomics?
    • What is macroeconomics?
    • Schools of macroeconomic thought
    • The classical school
    • The Keynesian view
    • Keynesian macroeconomic policies
    • Classical Vs. Keynesian views
    • The rise and fall of Keynesian economics
    • The return of the classical view
    • From stabilization to growth & development
    • The neoliberal paradigm
    • Essentials of modern money – 1
    • Essentials of modern money – 2
    • Essentials of modern money – 3
    • Essentials of modern money – 4
    • Essentials of modern money – 5
    • Essentials of modern money – 6
    • The hierarchy of money
    • Hierarchy of monetary institutions
    • A case illustrating monetary hierarchies
    • Reading a balance sheet
    • Liquidity issues
    • T-accounts
    • T-accounts example
    • Comments on balance sheets & T-accounts
    • Modern money in a 4-sector economy

    Fiscal Policy (Part 2)

    • The mainstream discourse on fiscal policy
    • The Keynesian view of fiscal policy
    • The MMT view of fiscal policy
    • Media framing of fiscal policy
    • Facts about fiscal deficits
    • Framing of public debt
    • Facts about public debt
    • Self-imposed constraints on fiscal deficits
    • Fiscal policy operations
    • Fiscal policy operations – Case (1)
    • Fiscal policy operations – Case (2)
    • Fiscal policy operations – Case (2) – T-accounts
    • Fiscal policy operations – Case (2) – Helicopter Money
    • Fiscal policy operations – Case (3)
    • Fiscal policy operations – Case (3) – Illustrated
    • Fiscal policy operations – Case (3) – Flow chart
    • Fiscal policy operations – Case (3) – T-accounts
    • Fiscal policy operations – Case (3) – Summary
    • The Primary Dealer (PD) system
    • Repayment of public debt
    • A summary of public debt from an MMT perspective

    Modern Banking & Credit (Part 3)

    • Orthodox view of banking
    • The defunct money multiplier model
    • Policy failure of the money multiplier model
    • Endogenous money theory
    • The elasticity of money creation by banks
    • Vertical and horizontal money
    • Bank operations
    • Interbank money market
    • Repo and reverse repo
    • Repo and reverse repo – T-accounts
    • Cash creation by central banks
    • Orthodox vs. heterodox views of banking
    • Banking and credit crises
    • Bank bail-outs
    • Capital adequacy issues
    • Restoring capital adequacy – Option (1)
    • Restoring capital adequacy – Option (2)
    • Restoring capital adequacy – Option (3)
    • Secular stagnation hypothesis
    • Banks and other financial institutions
    • “The use and abuse of MMT”

    Monetary Policy & Central Bank Operations (Part 4)

    • What is monetary policy?
    • Monetary policy in theory and practice
    • The MMT view on monetary policy
    • Interest rate corridor
    • Fiscal-monetary policy coordination
    • Fiscal-monetary policy coordination (spending)
    • Fiscal-monetary policy coordination (taxes)
    • Unconventional monetary policy – QE
    • QE in practice
    • Unconventional monetary policy – NIRP – Theory
    • Unconventional monetary policy – NIRP – Practice
    • Central Bank independence – orthodox rationale
    • Central Bank independence – rise and fall
    • The Phillips curve – laid to rest?
    • Growing opposition to inflation rate targeting and central bank independence
    • Central bank profits
    • Central bank operations – demonetization
    • Foreign exchange markets
    • Exchange rate volatility
    • Forex operation of central banks – appreciation
    • Forex operation of central banks – depreciation
    • Holding dollar reserves in US bonds
    • The impossible trilemma
    • Deconstructing articles in the media – Case (1)
    • Deconstructing articles in the media – Case (2)

    Inflation, Profits & Unemployment (Part 5)

    • Some general remarks on inflation
    • Hyperinflation
    • MMT and inflation – 1
    • MMT and inflation – 2
    • The profits view
    • Kalecki-Levy profits equation
    • Kalecki-Levy profits equation – illustrated
    • The extended Kalecki-Levy profits equation
    • Interpreting the profits equation
    • Profits and the price level
    • Universal job guarantee (UJG)
    • The UJG program and the Phillips curve
    • Universal basic income

    Macroeconomic Country Studies (Part 6)

    • Sectoral financial balances – closed economy
    • Sectoral financial balances – open economy
    • Sectoral financial Balances – illustrated
    • Sectoral financial balances – template
    • Sectoral financial balances – country studies
    • Sectoral financial balances – Iran
    • The Eurozone
    • The Eurozone – SFB template
    • The Eurozone – Germany and France
    • The Eurozone – Ireland, Italy and Spain
    • The Eurozone – Greek crisis
    • The Eurozone – Greek crisis – SFB analysis
    • A pure MMT view of the external sector
    • A pure MMT view of the external sector – example
    • A spectrum of monetary sovereignty
    • Balance of payments constraints
    • External sovereign debt and monetary sovereignty

    Summary & Conclusion

    • Summary & Conclusion

    Instructors

    Mr Sashi Sivramkrishna

    Mr Sashi Sivramkrishna
    Instructor
    Freelancer

    Ph.D

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