Coupon & course info
Course Name: How The Economy Really Works
Subtitle: Understand how the government manages the economy through credit creation & asset price manipulation in the 21st Century
Instructor: Taught by Richard Duncan, Author, Economist, Consultant, Lecturer
Subcategory: Social Science
Provided by: Udemy
Price: $50 (before discount)
Free coupon code: See above (no charge for coupon)
Review info & popularity
As of October 3, 2016…
Students: 509 students enrolled
Ratings: 76 reviews
Rank: ranked #124e in Udemy Academics Courses
Brief course description
Up until roughly 100 years ago, the government played very little role in the economy. It was generally believed that the economy worked best when directed by the autonomous forces of supply and demand. During the 18th and 19th Centuries, a consensus emerged on how the Capitalist economy worked; and that classical economic theory has been the foundation of economic teaching ever since.
The economy no longer works the way it did during the 19th Century, however. Over the past 100 years the government’s involvement in the economy has expanded so radically that the economic system itself has little left in common with Capitalism – at least, not at the Macro level. Yet Economics continues to be taught as if nothing has changed; and, for the most part, the public continues to believe that our economy is still driven by natural forces as it always was in the past. But that is very far from the truth.
Today, the government manages – or directs – the economy using a variety of policy tools to ensure that Gross Domestic Product continues to expand. The implications of this fact are very far reaching. It is impossible to understand politics or economics in our era without grasping that the government is managing the economy. Moreover, it is particularly important that investors understand this new reality because government actions now impact the direction of asset prices far more than any other variable.
(Read more about this course on the official course page.)
Richard Duncan bio
Richard Duncan is the author of three books on the global economic crisis. The Dollar Crisis: Causes, Consequences, Cures (2003) explained why a worldwide economic calamity was inevitable given the flaws in the post-Bretton Woods international monetary system. It was an international bestseller. The Corruption of Capitalism (2009) described the long series of US policy mistakes responsible for the crisis. It also outlined the policies necessary to permanently resolve it. His latest book, published in 2012, focuses specifically on the role that credit creation has played in this disaster. It’s entitled The New Depression: The Breakdown Of The Paper Money Economy.
(Learn more about this instructor on the official course page.)
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Final details for this Udemy course
Skill level: All Levels
Lectures: 11 lessons
Duration: 2.5 hours of video
What you get: By the end of the course, you will understand how the economy works in the 21st Century. You will see how and why the government directs the economy; and you will be better positioned to anticipate what the government will do next and to understand how that action will impact asset prices.
Target audience: Investors, students of economics, politics & history, the business community, journalists, policy makers, and the general public.
Requirements: There are no prerequisites for this course.
Access: Lifetime access
Peace of mind: 30 day money back guarantee
Availability: available online, as well as on iOS and Android
Download options: check course to see if you can download lessons