Closing Remarks

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Из курса от партнера University of California, Irvine

The Power of Macroeconomics: Economic Principles in the Real World

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University of California, Irvine

The Power of Macroeconomics: Economic Principles in the Real World

1349 оценки

In this course, you will learn all of the major principles of macroeconomics normally taught in a quarter or semester course to college undergraduates or MBA students. Perhaps more importantly, you will also learn how to apply these principles to a wide variety of situations in both your personal and professional lives. In this way, the Power of Macroeconomics will help you prosper in an increasingly competitive and globalized environment. This course is also available in Portuguese. To join the fully translated Portuguese version, visit this page: https://www.coursera.org/learn/macroeconomia-pt/

Из урока

The Economics of Developing Countries

The Four Elements of Development 6:57

Human Resources, Natural Resources, and Land Ownership Patterns 3:12

The Importance of Capital Formation and Technological Change3:04

Why Some Countries Prosper, the Cycle of Poverty, and Nine Policies to Promote Growth11:22

Closing Remarks3:15

Познакомьтесь с преподавателями

Dr. Peter Navarro
Professor
Paul Merage School of Business

[MUSIC]

Well, I do hope you've enjoyed this

introductory course in the principles of macroeconomics.

I also hope that I've convinced you about the real power of

this subject to help you in both your personal and professional lives.

At this point, I would humbly like to suggest that you

commit to making the study of macro economics a life long endeavor.

I do not mean that you necessarily have to

go to the intermediate and advanced levels of macroeconomics

in an academic environment.

Instead what I'm asking you to do is to commit yourself to further building your

economic and finiancial market literacy by regularly

following the financial press on a daily basis.

This financial press comes in many forms.

For example, in daily newspapers like the Financial Times.

Investors Business Daily and the Wall Street Journal, or in weekly

magazines like Barron's and the Economist.

In addition to these print venues there are

also cable networks such as Bloomberg TV and CNBC.

My suggestion here is that you use a digital video

recorder like Tivo, to record CNBC or Bloomberg every weekday morning.

Just after the stock and bond markets open, this really is the best

time to watch these financial networks as

their analysts will help you interpret events

as they may affect both the economy and stock market.

Of course, I'm talking about events like a Federal Reserve rate hike.

A sharp drop in the unemployment rate, a drought

affecting crop prices, an oil price shock, and so on.

Given what you've learned in this course, you

really should have all the tools you need to

interpret how such events might affect everything from

your stock portfolio, to your job or your business.

As a follow-up

to this course, I also urge you

to consider learning the art of stock trading.

I'm certainly not suggesting you do this with real

money at the beginning, you will almost surely loose.

However, there are websites like

www.stocktrak.com and www.wallstreetsurvivor.com, that do

allow you to trade stocks Using what is essentially play money.

I strongly urge you to try this out.

It's a lot of fun and you should learn very

quickly how broad macroeconomic events affect movements in the financial markets.

And, as you accumulate wealth over the course of your life,

this knowledge and your stocks trading skills, should serve you well.

At any rate, thanks for spending all that time

and hard work on mastering the principles of macroeconomics.

While money certainly isn't everything, financial

prosperity and security can be important components

of everyone's quality of life, and if you

really understand how broad macroeconomical forces affect you.

You really will do much better with your finances when it is all said and done.

So, good luck to you and do feel free to look

at some of the recommended readings to further expand your horizons.

If you found this class interesting, you may also be pleased

to know that there is a companion course that teaches the principles

of microeconomics as well.

So take care, I'm Peter Navarro from University of Calfornia Irvine.

I hope to meet you down the road.

[MUSIC]

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