Oxford Diploma in Macroeconomics

(40 hrs) Macroeconomics: 2021 Budgets; USA Economy, government policies, workbooks, multiple choice tests...

4.15 (162 reviews)
39.5 hours
Sep 2021
last update
regular price

What you will learn

The USA Economy analysed

2021 Budget + analysis

Comparisons with other economies

Aggregate demand and reasons for shifts


Output gap

Lively discussions!

Supply-side policy

Expansionary monetary policy

Detailed revision section

Several up to date WORKBOOKS


Notice: Please do NOT enrol on this course on impulse, thinking you might watch it later. Maybe show an interest on impulse, yes, but before you enrol, watch the Preview videos, read the Course Description and then make a decision. If you then enrol then please start the course as soon as possible. Watch the lectures, look at the workbooks and join in the discussions. Joining my courses is a serious business and I want you to get the most out of your study – but I also want you to enjoy the course.

That is why I am asking that you only enrol because you really want to and that you start the course intending to make full use of all the resources.

You will be very welcome.


1. Watch the Preview video

2. Watch the sample lectures

3. Thoroughly read this course description

4. Be fully aware that participation is encouraged - that means there are manuals (several) numerous discussions (Q/A sections) and regular Education Announcements

5. To achieve the Oxford Diploma requires quite a lot of work. To acquire the Completion Certificate you can just...watch. You can choose to do either, neither or...both. Questions are responded to quickly.

6. Remember too that this course includes an OPTIONAL course in Business Economics English.

Five reasons to TAKE THIS COURSE right now:

  1. You cannot lose - 30 day refund if you really really don't like the course BUT if you DO like it:

    a. updated lectures

    b. case studies based on very very current news items

    c. detailed responses to messages

    d. I constantly attempt to have a 'class atmosphere' e.g. throwing questions open to all

    e. regular Announcements that are not disguised sales ploys

    f. regular FREE access to numerous other courses offered by me

  2. I am a lecturer/teacher in Economics by trade i.e. I teach full-time for a living. I have been Principal, Director of Studies and Head of Economics. (Oxford, UK)  I have lectured in University, adult evening classes and also run over 50 seminars in the UK

  3. I am/have been an Examiner for FIVE different examination boards

  4. I have 100+ books on Amazon - many of them about business/economics

  5. The success of my students has been featured on the BBC, Daily Telegraph, The Times and I have been featured on TV in 2 countries.


I make courses on Udemy primarily because I enjoy the process of causing learning. Many of my courses are to improve lives. One of the Economics courses is to raise money for charity. (100% of revenue goes to the charity) Fundamentally this course here, is about helping you.

About the course

Using ONLY aggregate demand and aggregate supply, this course explains the basics of macro economic policy. The lectures are fully supported by notes - often repeated to ensure learning - that may be copied and used for other studies. 

If you wish to understand more as to why governments cut/raise taxes, cut/raise government expenditure, how this impacts on inflation, unemployment and growth - then this is the course for you.


  • Aggregate demand

  • Aggregate supply

  • November 2017 Budget (UK)

  • Shifts in AD/AS

  • Macro-economic equilibrium

  • Spare capacity

  • The Multiplier

  • Output gaps

  • Economic growth

  • Supply-side policies

  • Inflation

  • Unemployment

  • Trade

  • Monetary policy

  • Export-led growth

  • September 2018 revision section


The course is pitched at a beginner level and thus is IDEAL for anyone just starting an economics course or simply wants to understand macro-economic policy.
The initial lectures are short - egg-timer size! - and, if you look at other egg-timer courses, you will know that if you have any questions then they will be answered very quickly.

The first part of the course also features a couple of 'revision sessions' just to check you have been following! (These are quite fast!)


The second half of the course consists of case studies based on articles in July 2018. This is to give you the opportunity to check what you know - and then (if you wish) send answers in!

Lecture 45

Attached to this lecture is an ECONOMICS WORKBOOK which if done properly, will take about 20+ hours!

The Workbook is current as at mid-Feb 2019

A second workbook has been added with questions about:

  • Exchange rate

  • CPI

  • Brexit

  • Investment

  • Mergers

  • Workforce

  • Spending habits

  • Monetary policy

  • Recession

  • Wages

  • Real GDP

  • Cold war

  • Federal Reserve and interest rates

July 2019: New workbook: Economics and decluttering


Chapter 1 : The economics of decluttering

Chapter 2: Decluttering the company

Chapter 3: How to declutter like an Economist

Chapter 4: Buy less…

Chapter 5: The economics of tidying up

Chapter 6: Declutter your business

Chapter 7: Mistakes people make when decluttering

Chapter 8: The Kondo Effect: the economy-changing magic of tidying up


  • Decluttering

  • Marie Kondo

  • Sunk costs

  • Costs of clutter

  • 5S lean manufacturing

  • Lean management

  • Declutter your mail inbox

  • Declutter your home office

  • Wasting time and opportunities

  • Thinking like an economist

  • A rich life with less stuff

  • Minimalism

  • How much is enough

  • The art of letting go

  • Recycling

  • Status quo bias

  • Diminishing returns

  • Decluttering mistakes

  • Minimalism

  • Consumerism

  • Minimalism and economics: the endowment effect

December 2019

Two new workbooks:

  • Christmas economics

  • Economics New Year 2020

These two workbooks have been written with the Oxford Diploma in mind.

March 2020

New courses added:

The impact of Coronavirus on the Economy

The Economy of the USA


Oxford Diploma in MacroeconomicsOxford Diploma in MacroeconomicsOxford Diploma in MacroeconomicsOxford Diploma in Macroeconomics


New course: Business/Economics English
Day One: Ask for Help
Day Two: Watch and Listen
Day Three: Write Down Words and Phrases
Day Four: Practice as much as you can (Part 1)
Day Four: Practice as much as you can (Part 2)
Day Five: Make time to study
Day Six: Five Websites
Day Seven: In conclusion
Oxford School of Learning Diploma
About the Diploma
Original preview
About the lecturer
The Aggregate Demand curve
The AD slope
Aggregate Supply
Shifts in Aggregate Supply/Nov. 2017 Budget
Macro-economic Equilibrium
The Multiplier Effect
Spare capacity
Raising output and price level
Increase in price level, not output
Increase in BOTH AD/AS
Increase in AD greater than in AS
Negative output gap
Positive output gap
Export-led growth
Supply-led growth
Supply-side policies
Cost push inflation
A beneficial effect of unemployment
Current Account deficit
Deflationary effect
Supply-side policies revisited
Expansionary Monetary Policy
Deflating the economy
Increase in output, no change in macro-economic equilibrium
Overall revision
Revision & current affairs
Economic growth
Inward investment
Brexit / Negative multiplier / investment
Economic growth / exchange rate
World Cup effect
Economic growth
Economic growth
Trade war
World Cup
Output gaps
Supply-side policies
Section 3: Boris Johnson new Prime Minister: the pledges
The Introduction - pt 1
Introduction - pt 2
Boris's speech analysed - pt 1
Boris's speech analysed - pt 2
Income tax
Increasing the starting point for National Insurance
Raising Education Spending
Employing more police officers
Free TV Licences
Stamp Duty
The Fourth Option
Six Free Ports
Full Fibre Broadband
Raising the National Minimum Wage
What's been inherited?
Divorcing the EU - £39bn?


28 August 2021
I'm enrolled in this course of 2 years and he keeps updating it, constantly adding and improving this course. Initially I used this course to help me in my exams during my BA in economics, now I just love expanding on my knowledge. Not only that the instructor is knowledgeable and improving constantly the course, but he also is very pleasant to learn from! If you're a student - this can assist you if you're a graduate - this is just fun to expand your knowledge, forget netflix.
12 January 2021
I don't understand why this course hasn't received more students than if has. We all know that learning can be boring and slow when you are just learning something new just stick with it and holly crap it gets fun...
14 December 2020
This is a very thorough course. Anyone willing to put forth a little time each day will learn a lot. I am very grateful to have found this course and plan to study often. Highly Recommended!!!
5 December 2020
I don't know whether I can copy the notes on the slides? Because the time allowed for reading is too short.
22 November 2020
Pros: This course, like many others in which Professor Chris Bankes teaches, is full of lessons on fundamental topics of macroeconomics, divided into small 3 or 4-minute classes that become very digestible for the student. Bankes manages to express complex issues in economics in a simple way and takes the time so that education is also complemented by research and reading of relevant articles by the student. In addition, the course also has classes with very good advice on health care and life balance, and addresses current and relevant topics (such as COVID-19) while linking them to the study of macroeconomics. Finally, in this course there are many people who have diverse profiles in the geographical, professional and academic senses. The discussions and comments found in some of the classes are really smart and exciting. What I would have liked to be different: For one thing, Professor Bankes can sometimes be repetitive in his explanations, often inserting past lectures into new videos. Second, pursuing the Oxford Diploma, although contributing towards a very rich instruction for the student, can become tedious: it requires spending too many hours of study outside of class. It is a task of several months, or even more than a year, to be able to complete all the requirements of the Diploma. Finally, the topics seen in class are of a completely basic level (high school/preparatory, or as precursors to university studies). Chances are, if you're looking for a college-oriented instruction, you'll need to supplement this course with others, either on Udemy or other platforms. Either way, it is always a pleasure to be able to participate in the Bankes classes. It is a good place to start a training in Economics (or any of the subjects that the teacher teaches) and obtain a certificate.
7 May 2020
This is my first time using UDemy and I am so glad I chose this course to be my introduction to this website. Professor Sivewright explains everything so effectively and effortlessly, I cannot wait to start the next lecture!
30 April 2020
The course has allowed me to reinforce my knowledge on macroeconomic concepts, as well as given me an overview of the global economic situation in the last two years. The Coronavirus chapter is the most relevant topic and has helped me develop critical thinking skills related to this crisis.
8 April 2020
The course is taught with authority and commands resilience and work from students. This makes it harder and more time consuming than other courses where passive listening seems to be enough. I do recommend it to those who value persistence, application of theory into practice, and critical thinking in their endeavor to understand macro-economics.
1 April 2020
The course is extremely comprehensive and insightful and the content is up-to-date and relevant in our fast changing world. (Covid 19) After finishing the course I can say there is some amazing content within the lectures and you learn things that you might never have looked at. E.g. the electricity gap in Nigeria and that MTBU stands for Maximum Time to Belly Up. Chris, the lecturer is passionate about his students learning and this comes through in the lectures. He is an avid reader and clearly up to date on a wide range of topics, and provides thought provoking feedback on your questions which I enjoyed. Unfortunately he has a lot of courses and so at the time of writing, only half my questions have been commented upon. One recommendation I have would have is to review what is required to obtain the diploma. The university ratio is 3 hours own work per hour of lecture (plus exams and assignments). Even answering only half the questions during the lecture and completing only a couple of the 24 workbooks in this course, I spent at least 60 hours of my time in researching and writing but I am nowhere near finished to get the diploma! I would recommend cutting the number of workbooks and even letting the student choose their topics to increase people’s willingness to complete all the work. Some of the workbooks I didn’t find relevant to what I wanted to learn and the Christmas Workbook I found extremely depressing. My other recommendation would be to include a resource with all the external links. Overall an outstanding course, if you want to engage.
30 March 2020
Well I am only in day two , but so far this is my rating. Is there a way to go back and hear the day two lecture again?
27 November 2018
Great approach to explain basic concepts, I would totally recommend this course to anyone looking for a friendly way to learn economics.
30 October 2018
Nice and simple, good for the beginners in Economics Good structure - easy to follow and not too time-consuming. Valuable insights into the topic, but could use more examples. Generally - extremely satisfied
30 October 2018
Rating depends on what each person who signed up expects. I would have expected more explanation by the teacher and less reading on the screen (that reading on the screen could have been provided in a pdf which we could download and read before/after/during the video). Also apart from the more dry theoretical aspects I was looking for more real world examples explained by the instructor (they’re provided in written form during the video but again I expected to listen more and not trying to read which was hard enough since there’s too much text - pdf would’ve been better). I watched some of the microeconomics lecture which seemed better on that aspect. Anyway, may be others will like the teaching style, for me personally that was not what I was looking for. In terms of content otherwise I think it’s good.
15 May 2018
If you want to understand the basic of macro economic and economic policy, this course is highly recommended. I have studied this topic long time ago. Even-though the material is the same, but by following this course I become understand the importance of AD - AS graph and how economic policy impact to AD - AS. For future improvement, here are my suggestion: 1. Explain why GDP is important 2. If you change in one factor it will effect not just AD but also AS. It is better to explain this effect. Thanks Chris.
22 January 2018
Logical development as each diagram is built on from the basics up. For further reading the notes are excellent - I liked the notes on the 2017 Budget in particular. I also like the way that points are repeated as, new to Economics, this stops me feeling I have to write everything down. The lecturer is clear and the pace, for me, is about right. There is nothing jazzy about this course (good!) Just straight forward explanations plus notes to extend my knowledge. This course is EXACTLY right. I have watched the other egg-timer courses and this course - made very recently - maintains the tradition for quality, expertise, interest - all in bite-size chunks! A very very good course!



Oxford Diploma in Macroeconomics - Price chart


Oxford Diploma in Macroeconomics - Ratings chart

Enrollment distribution

Oxford Diploma in Macroeconomics - Distribution chart


7/5/202091% OFF

Related Topics

udemy ID
course created date
course indexed date
course submited by