Macroeconomics: An Introduction (Short Course – Online)


The course provides a detailed introduction to Macroeconomics and encompasses the fundamentals of Macroeconomics. On completion of the course students will have the ability to critically assess real world macroeconomic developments at the 1st year undergraduate level. Moreover, students will be able to better understand the material in other online economics courses such as the ‘New Economic Powers’and ‘Globalisation’.

The global credit crunch of 2007-2008 has had significant implications for the lives of many people around the world. This short course aims to provide students with an understanding of conventional macroeconomic thinking so that they can understand the essential principles of how the macroeconomy of nation states functions in a globalised world. Once students have completed this course they will be better placed to understand the causes of inflation and unemployment and the relevance of government monetary and fiscal policy in dealing with such economic problems. Therefore, students will be able to use the knowledge gained to understand everyday macroeconomic events. Furthermore, students will have a solid foundation upon which they can progress to higher level studies in Macroeconomics as well as being able to apply the knowledge gained to other online courses such as ‘Globalisation’and the ‘New Economic Powers’.

For information on how the courses work, and a link to our course demonstration site, please click here.

Programme details

The areas you will cover in this course are:

  • Useful tools and concepts
  • Supply and demand
  • Macroeconomic measurement: The current approach
  • Macroeconomic Useful tools and concepts measurement: Environmental and social dimensions
  • Employment and unemployment.
  • Aggregate demand and economic fluctuations
  • Fiscal policy
  • Monetary and monetary policy
  • Aggregate supply, aggregate demand and inflation: putting it all together
  • Finance, trade and investment

We strongly recommend that you try to find a little time each week to engage in the online conversations (at times that are convenient to you) as the forums are an integral, and very rewarding, part of the course and the online learning experience.

Recommended reading

To participate in this course you will need to have regular access to the Internet and you will need to buy the following book:

Goodwin, N., Nelson, J.A., and Harris, J., Macroeconomics in Context 2nd edition (M.E. Sharpe, 2014)


To earn credit (CATS points) for your course you will need to register and pay an additional £10 fee for each course you enrol on. You can do this by ticking the relevant box at the bottom of the enrolment form or when enrolling online. If you do not register when you enrol, you have up until the course start date to register and pay the £10 fee.

For more information on CATS point please click on the link below:

Coursework is an integral part of all online courses and everyone enrolled will be expected to do coursework, but only those who have registered for credit will be awarded CATS points for completing work at the required standard. If you are enrolled on the Certificate of Higher Education you need to indicate this on the enrolment form but there is no additional registration fee.

Assignments are not graded but are marked either pass or fail.

All students who successfully complete this course, whether registered for credit or not, are eligible for a Certificate of Completion. Completion consists of submitting both course assignments and actively participating in the course forums. Certificates will be available, online, for those who qualify after the course finishes.

IT requirements

This course is delivered online; to participate you must to be familiar with using a computer for purposes such as sending email and searching the Internet. You will also need regular access to the Internet and a computer meeting our recommended minimum computer specification.



Home/ EU Fee: £260.00
Non-EU Fee: £295.00
Take this course for CATS points: £10.00


Dr Sangaralingam Ramesh

Dr Ramesh was awarded a PhD in Economics by SOAS, University of London in 2009. At SOAS Dr Ramesh taught undergraduate and postgraduate students. In 2010, Dr Ramesh was appointed as a Teaching Fellow in Economics at University College London. He currently teaches at Kings College London and is an Associate Professor at the Université Paris Dauphine GBD in London.

Assessment methods

Assessment for this course is based on two written assignments – one short assignment due half way through the course and one longer assignment due at the end of the course. Students will have about two weeks to complete each assignment.

Assignments are not graded but are marked either pass or fail.

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