[MUSIC PLAYING]
DR. BART HOBIJN: Where do the things we
buy and use on a daily basis come from?
Take the product you
are using right now--
perhaps a computer,
tablet, or a smartphone.
Who besides you buys it and why?
How much did you pay for it?
Who makes the computer, tablet,
or smartphone you're using?
And who receives the
money you paid for it?
The raw materials, such as metals,
as well as the design work,
the manufacturing, and the selling of
these products occur in many places
all over the world.
The product is made with a purpose to
enhance your life and that of others.
The production and
sale of these products
would not be feasible without
financial institutions, governments,
other businesses, and, of
course, consumers like you.
The interaction between
all these players
are what we study in macroeconomics.
We look at economic
outcomes at a large scale.
Now, you don't need to be looking for
a job at a bank or a financial firm
to use macroeconomic principles.
The principles have everyday
and practical uses as well.
This course explores macroeconomic
principles and theories
from your personal, as well as from
a business and policy perspective.
It covers a wide range of
economic data for both the US,
as well as planet Earth as a whole.
A solid understanding of
macroeconomic principles
will help you make better
personal finance decisions,
make you a better small business
owner, and make you better informed
about many of the current policy
questions that we all have a say on.
This course in Macroeconomic Principles
is part of the Global Freshman
Academy at Arizona
State University, and is
available to be taken
for college-level credit.
