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Modern Monetary Theory: Economics for the 21st Century

4,662 people completed this program


  • Thinking in a macroeconomic way. What should macroeconomic theory be able to explain? Measurement frameworks.

  • What is Modern Monetary Theory and what are its implications? Why is it the future of macroeconomics?

  • The role of fiscal policy. The path to full employment and price stability. Case studies in unemployment and hyperinflation.

  • Monetary policy design and the role of central banks. How does the banking system operate?

  • Exchange rate systems and international trade. Global financial markets and the State - who is in charge?

  • Policy setting in crises: the challenges of climate change and the pandemic.

  • An entry level understanding of the way modern monetary systems operate.

  • An enhanced understanding of the fiscal and monetary policy options available to governments.

  • An awareness of why the standard economic statements in the media about government deficits and debt distort our understanding of the actual constraints that government spending faces.

  • Ways to assess government policy options, for example, in dealing with the pandemic.

  • An appreciation of the issues involved in balancing demands for growth and environmental constraints.

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Modern Monetary Theory: Economics for the 21st Century
4 weeks
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