Macroeconomics
GDP, economic growth and productivity explained
Work through GDP, real growth and output per person with numerical examples. Learn why a larger economy does not always mean higher living standards.
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Economics Explained
Understand how goods are produced, prices change and jobs are created. Learn macroeconomics and microeconomics, read economic indicators, and apply those ideas to countries, regions and industries.
Start learning economics · Economic terms and definitions · Economics practice exercises
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Macroeconomics
Inflation, unemployment and the business cycle
Read prices and employment together. The examples show how inflation can slow while prices rise, and how unemployment can fall without new jobs.
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Macroeconomics
Money, banking, monetary policy and fiscal policy
See how bank lending, interest rates, taxes and government spending affect households and firms. Compare borrowers to understand why policy effects differ.
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Macroeconomics
International trade, exchange rates and the balance of payments
Follow exports, imports and financial flows between countries. Calculate a currency movement and examine what it means for businesses and borrowers.
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