Learn to analyse contemporary macroeconomic policy issues and their impacts on business and on society. 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.
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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.
What you'll learn
This course looks into:
- What and how to use the Aggregate Demand Aggregate Supply (ADAS) model,
- Fiscal policy, fiscal policy multiplier and the impact on GDP,
- Money, including understanding fractional reserve banking and credit and reserve requirements,
- A variety of monetary policies and the role of cash rates and open market operations.
