Economics for Investors

About this course

What you'll learn

• Calculate nominal and real growth, inflation and purchasing power.
• Distinguish demand shocks, supply shocks and long-run growth drivers.
• Trace monetary and fiscal transmission while stating assumptions and limits.
• Interpret yield curves and recession probabilities without treating them as forecasts of certainty.
• Connect exchange rates and interest differentials to international economic risks.
• Compare crisis mechanisms and write a reasoned economic scenario assessment.

What's inside

• 26 video lessons

  Short explainers and step-by-step builds you can pause and replay.

• 4 calculators & web apps
• 7 quizzes
• 26 written guides
• Certificate of completion Your name Economics for Investors Ryan O'Connell, CFA, FRM
  Earn a certificate

  Finish every lesson to unlock a shareable certificate with its own verification link.

Course map

1. 01Measuring the Economy11 lessons · 1.5 h
2. 02Business Cycles and Growth10 lessons · 1.4 h
3. 03Money and Central Banks11 lessons · 1.4 h
4. 04Fiscal Policy8 lessons · 1 h
5. 05Yield Curves and Recession Signals8 lessons · 1.1 h
6. 06The International Economy10 lessons · 1.6 h
7. 07Economic Crises in Practice6 lessons · 1.2 h

1. 01

   Module 1: Measuring the Economy

   11 lessons · 1.5 h

   1. Article: Start Here: Reading the Economy 8 min
   2. Video: Video: What GDP Measures 4 min
   3. Article: Reading: Count Production Once 9 min
   4. Calculator: Practice: Build and Interpret GDP 12 min
   5. Video: Video: Nominal GDP and Real GDP 4 min
   6. Article: Reading: Separate Prices from Output 10 min
   7. Video: Video: Inflation and Purchasing Power 4 min
   8. Video: Video: The Consumer Price Index 6 min
   9. Article: Reading: Inflation, CPI and Real Purchasing Power 11 min
   10. Calculator: Practice: A Basket and a Cash Balance 12 min
   11. Quiz: Quiz: Measuring the Economy 8 min
2. 02

   Module 2: Business Cycles and Growth

   10 lessons · 1.4 h

   1. Video: Video: Business Cycles 6 min
   2. Article: Reading: A Slowdown Is Not a Recession Definition 10 min
   3. Video: Video: Aggregate Demand and Aggregate Supply 6 min
   4. Video: Video: Short-Run and Long-Run Aggregate Supply 6 min
   5. Article: Reading: Identify the Shock Before the Policy Response 12 min
   6. Video: Video: Inflation and Unemployment 6 min
   7. Article: Reading: Unemployment and the Phillips Curve 13 min
   8. Video: Video: The Solow Growth Model 5 min
   9. Article: Reading: Higher Output Levels and Sustained Growth 11 min
   10. Quiz: Quiz: Cycles, Labor Markets and Growth 8 min
3. 03

   Module 3: Money and Central Banks

   11 lessons · 1.4 h

   1. Video: Video: Money Supply Measures 5 min
   2. Article: Reading: Money Measures Without Double Counting 10 min
   3. Video: Video: The Federal Reserve 5 min
   4. Article: Reading: Who Makes Policy and What the Mandate Means 9 min
   5. Video: Video: Interest Rates and the Economy 5 min
   6. Article: Reading: Trace the Transmission, Allow for Delays 10 min
   7. Video: Video: Quantitative Easing 5 min
   8. Article: Reading: QE Balance Sheets and Economic Effects 12 min
   9. Video: Video: Why a 2% Inflation Target? 6 min
   10. Article: Reading: A Positive Inflation Target and Its Tradeoffs 10 min
   11. Quiz: Quiz: Money and Central Banks 8 min
4. 04

   Module 4: Fiscal Policy

   8 lessons · 1 h

   1. Video: Fiscal Policy: Spending, Taxes and Stabilizers 5 min
   2. Article: Reading: Fiscal Choices and Their Trade-Offs 9 min
   3. Video: The Multiplier Effect: Spending Becomes Income 6 min
   4. Article: Reading: A Conditional Multiplier Benchmark 9 min
   5. Video: Crowding Out: Borrowing and Private Investment 6 min
   6. Article: Reading: What Crowding Out Does—and Does Not—Measure 8 min
   7. Calculator: Practice: Compare Fiscal Multiplier Scenarios 12 min
   8. Quiz: Quiz: Fiscal Policy 7 min
5. 05

   Module 5: Yield Curves and Recession Signals

   8 lessons · 1.1 h

   1. Video: Reading the Yield Curve 6 min
   2. Article: Reading: Maturity, Expectations and the Term Premium 8 min
   3. Video: Inversion: A Warning with Limits 6 min
   4. Article: Reading: Define the Inversion Before Interpreting It 9 min
   5. Video: Recession Probability: The Model and Its Horizon 8 min
   6. Article: Reading: Probability Is Not a Recession Date 9 min
   7. External resource: Practice: Read a Dated Yield-Curve Snapshot 12 min
   8. Quiz: Quiz: Yield Curves and Recession Signals 7 min
6. 06

   Module 6: The International Economy

   10 lessons · 1.6 h

   1. Video: Exchange Rates: Currency Quotes and Relative Prices 4 min
   2. Article: Reading: State the Exchange-Rate Convention 9 min
   3. Video: Carry Trade: Interest Differentials and Currency Risk 8 min
   4. Article: Reading: Carry Income Does Not Remove FX Risk 9 min
   5. Video: Bretton Woods: Institutions and Adjustable Pegs 10 min
   6. Article: Reading: How Bretton Woods Was Designed to Work 10 min
   7. Video: The Gold Standard’s End and the Question of Return 10 min
   8. Article: Reading: Convertibility, Credibility and Backing Arithmetic 12 min
   9. Calculator: Practice: Nominal FX, Relative Prices and Reciprocal Measures 14 min
   10. Quiz: Quiz: The International Economy 7 min
7. 07

   Module 7: Economic Crises in Practice

   6 lessons · 1.2 h

   1. Video: 1929: Financial Stress and the Wider Economy 8 min
   2. Article: Reading: From Falling Collateral to Economic Stress 11 min
   3. Video: The Mississippi Bubble: Debt, Money and Credibility 11 min
   4. Article: Reading: When Protecting One Promise Weakens Another 12 min
   5. Quiz: Quiz: Economic Crises in Practice 7 min
   6. Article: Capstone: Interpret a Mixed Economic Snapshot 25 min

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