Explore the fundamentals of contemporary international macroeconomy including trade, exchange rate systems, international financial policy and open macroeconomy. 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.
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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.
What you'll learn
The topics that are covered within this course include:
- macroeconomic theory, international trade and financial markets
- the use of the production possibilities curve
- intra-industry trade and trade liberalisation
- fiscal policy and monetary systems
- exchange rate systems and currency manipulation.
