SDGAcademyX: Macroeconomics for a Sustainable Planet

• GDP and well-being: How do we measure progress? Are those measures enough?
• The changing labor market: digitization, unemployment trends,and the minimum wage
• Sustainable investment principles
• Theories of business investment and how these relate to consumption and saving
• New economic principles which internalize social capital and environmental impact

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