Foundations of Political Economy: Understanding Policy and Markets

Every major economic policy, from tax rates to trade agreements, is shaped by political forces. Understanding this intersection is crucial for analyzing modern global events, public policy, and market trends. This text-based course equips you with the analytical tools to understand how political institutions and economic systems interact. You will learn to evaluate policy decisions, assess market regulations, and comprehend the global economic landscape through a dual political-economic lens. What you'll learn: Understand the fundamental theories of capitalism, mixed economies, and institutional design; Analyze how governments intervene in markets through regulation, taxation, and monetary policy; Examine the political drivers behind international trade, globalization, and modern trade agreements; Evaluate the economic impacts of contemporary challenges, including wealth inequality and the transition to green energy; Explore the role of interest groups, institutions, and public opinion in shaping national budgets. The course begins by establishing key terminology and foundational economic theories before guiding you through the mechanics of public policy, international trade, and modern economic challenges. You will progress through written explanations and practical analytical exercises designed to test your comprehension. This course is designed entirely for beginners, requiring no prior background in economics, political science, or mathematics. Start reading today to build a sophisticated understanding of the forces that drive our global economy.