Macroeconomics

Offered By: University of Queensland via edX

Course Description

Overview

If you have ever wondered what all those economic news and statistics mean to you, how policy changes by the government and central bank may affect your living standard, job or investment, and why things happened in countries far away can still find their way to impact on you here, this is the program for you!

This is an introductory program in Macroeconomics. It focuses on explaining many macroeconomic phenomena that we either observed first hand or heard indirectly from the media. The program considers long-term economic growth in developed and developing economies. You’ll also learn why a national (or global) economy experiences short-term cycles in activity (e.g., recessions and recoveries) around its long-term growth trend.

The behaviour of an economy as a whole is often broadly predictable, but sometimes it can suddenly change due to a range of unpredictable factors such as regional conflicts, financial crises and health emergencies. This program explains what central banks and governments can do to try to smooth these fluctuations and to lift the living standard. Theories or ‘models’ widely used by governments, central banks and the private sector to conduct macroeconomic analyses are explained intuitively as well as discussed critically. The behaviour of the financial system, including the banking system and asset markets, is also considered, especially in the light of financial crises.

The three courses are based but extended on an introductory macroeconomics course taught on campus at The University of Queensland. A focus is placed on core economic principles that are immediately applicable rather than formal mathematical theorisation. A distinctive feature of these courses is their strong emphasis on the international aspect of macroeconomics. Recent global economic and non-economic events have highlighted the importance of understanding the interconnection between the domestic and the international economy.

This program is for everyone, whether you are studying at university, a career professional interested in expanding your economic knowledge, or simply curious about global economic behaviour and what influences it.

Syllabus

Courses under this program:
Course 1: Macroeconomics Performance Indicators

The macroeconomy affects business conditions and broader social outcomes. Learn about key performance indicators of macroeconomics such as GDP, unemployment and inflation.

Course 2: Macroeconomics Policy

Learn to analyse contemporary macroeconomic policy issues and their impacts on business and on society.

Course 3: International Macroeconomics

Explore the fundamentals of contemporary international macroeconomy including trade, exchange rate systems, international financial policy and open macroeconomy.

Courses

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6 weeks, 1-2 hours a week, 1-2 hours a week
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This course consists of two types of materials. The first type of materials concerns with how to measure the performance of the economy as a whole. The second type of materials concerns how to explain why a country underperforms in one or more of these aspects, and what can be done about it. The behaviour of an economy as a whole is often broadly predictable, but sometimes it can suddenly change. You will learn how to understand macroeconomic data and know how it can be interpreted for analysis.

This MOOC is part of the Professional Certificate in Macroeconomics. We recommend that you explore the other two courses of the program, Macroeconomics Policy and International Macroeconomics. The program is based on an introductory macroeconomics course taught on campus at The University of Queensland. Recent global economic and non-economic events have highlighted the importance of understanding the interconnection between the domestic and the international economy, don't wait to enroll and begin your learning with industry experts now.

If you are interested in pursuing economics further, UQx provides an accompanying Professional Certificate in Microeconomics running in parallel to this course. Building on your knowledge of macroeconomics with this additional program will provide you with a strong foundation of economics.

Overall, this course is for everyone, whether you are studying at university, a career professional interested in expanding your economic knowledge, or simply curious about global economic behaviour and what influences it.
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6 weeks, 1-2 hours a week, 1-2 hours a week
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This course looks into what the Aggregate Demand Aggregate Supply (ADAS) model is and how it can help you understand what causes real GDP to deviate from its natural level. This course, regardless of your industry background, will teach you the core areas of macroeconomics policy.

For students wishing to pursue economics, the learnings of this high calibre course will provide strong foundations for macroeconomics. Using real-world examples, the content in this course will provide you with a grasp of essential macroeconomic concepts and theories, enabling you to understand contemporary domestic and international macroeconomic issues.

This MOOC is part of the Professional Certificate in Macroeconomics. We recommend that you explore the other two courses of the program, Macroeconomics Performance Indicators and International Macroeconomics. The program is based on an introductory macroeconomics course taught on campus at The University of Queensland. Recent global economic and non-economic events have highlighted the importance of understanding the interconnection between the domestic and the international economy, don't wait to enroll and begin your learning with industry experts now.

If you are interested in pursuing economics further, UQx provides an accompanying Professional Certificate in Microeconomics running in parallel to this course. Building on your knowledge of macroeconomics with this additional program will provide you with a strong foundation of economics.

Overall, this course is for everyone, whether you are studying at university, a career professional interested in expanding your economic knowledge, or simply curious about global economic behaviour and what influences it.
0 reviews
6 weeks, 1-2 hours a week, 1-2 hours a week
View details

Whether or not you are an avid learner of economics, this course on international macroeconomics will deliver a great level of understanding on the international economy as well as trade balance and exchange.

Given how widespread globalisation and international trade is in the modern world, it is important to consider how interactions with other national economies will affect the internal economy. In this course we identify who the winners and losers of increasingly globalized economies are and explore how to measure the inflows and outflows of credit between countries using real-world examples, such as financial crises.

In addition to teaching through the different kinds of exchange rate systems used in the world today, the course is wrapped up with the concept of purchasing power parity and how it relates to exchange rate systems.

This MOOC is part of the Professional Certificate in Macroeconomics. We recommend that you explore the other two courses of the program, Macroeconomics Performance Indicators and Macroeconomics Policy. The program is based on an introductory macroeconomics course taught on campus at The University of Queensland. Recent global economic and non-economic events have highlighted the importance of understanding the interconnection between the domestic and the international economy, don't wait to enroll and begin your learning with industry experts now.

If you are interested in pursuing economics further, UQx provides an accompanying Professional Certificate in Microeconomics running in parallel to this course. Building on your knowledge of macroeconomics with this additional program will provide you with a strong foundation of economics.

Overall, this course is for everyone, whether you are studying at university, a career professional interested in expanding your economic knowledge, or simply curious about global economic behaviour and what influences it.

Taught by

KK Tang