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KK Tang

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.

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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.

What you'll learn

This course focuses on:

  • an overview of Gross Domestic Product (GDP) and the difference between nominal and real GDP

  • an insight into the different models of economic growth

  • lessons on how to measure and identify the various types of unemployment

  • an exploration into labour markets, including labour supply and demand.

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Good to know

Know what's good
, what to watch for
, and possible dealbreakers
Appropriate for students interested in the field of Economics
Taught by reputable instructors, KK Tang
Provides a foundation for further study in Economics
Suitable for career professionals who seek to expand their knowledge of Economics
Appropriate for anyone interested in global economic behavior and its influences

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Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Macroeconomics Performance Indicators with these activities:
Review your notes on macroeconomic indicators
Refreshing your knowledge of macroeconomic indicators will help you better understand the course material and track economic performance.
Show steps
  • Gather your notes or textbooks on macroeconomic indicators.
  • Review the definitions, formulas, and trends of each indicator.
  • Practice calculating and interpreting macroeconomic indicators.
Review the basics of economics
Reviewing the basics of economics will help you refresh your knowledge of core concepts and prepare you for the more advanced topics covered in this course.
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  • Read through your textbook chapters or online notes on the basic concepts of economics.
  • Complete practice problems or quizzes to test your understanding.
  • Attend a review session or workshop on the basics of economics.
Compile a collection of macroeconomic resources
Compiling a collection of macroeconomic resources will provide you with a valuable reference point for your studies.
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Show steps
  • Identify and gather resources from various sources, such as online courses, textbooks, research papers, and databases.
  • Organize the resources into a structured format, such as a list or spreadsheet.
  • Include relevant information for each resource, such as the title, author, publication date, and a brief description.
Four other activities
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Complete practice questions on macroeconomic concepts
Completing practice questions will help you reinforce your understanding of macroeconomic concepts and improve your problem-solving skills.
Show steps
  • Find practice questions from your textbook, online resources, or previous exams.
  • Solve the practice questions on your own or with a study group.
  • Review your answers and identify any areas where you need to improve your understanding.
Follow online tutorials on macroeconomic data
Following online tutorials will help you gain a deeper understanding of macroeconomic data and how it is used to measure economic performance.
Show steps
  • Find online tutorials on macroeconomic data from reputable sources.
  • Follow the tutorials step-by-step and take notes on key concepts.
  • Complete any practice exercises or quizzes provided in the tutorials.
Participate in a study group to discuss macroeconomic topics
Participating in a study group will allow you to engage with other students, discuss macroeconomic topics, and enhance your understanding of the material.
Show steps
  • Form a study group with classmates or online peers.
  • Choose a topic or set of questions to discuss each week.
  • Prepare for each session by reviewing the material and completing any assigned readings.
  • Attend the study group sessions and actively participate in discussions.
Volunteer at a local economic development organization
Volunteering at a local economic development organization will provide you with practical experience in applying macroeconomic principles and contribute to your community.
Browse courses on Economic Development
Show steps
  • Identify local economic development organizations in your area.
  • Contact the organizations and inquire about volunteer opportunities.
  • Attend volunteer training or orientation programs.
  • Participate in activities such as data collection, research, or community outreach.
  • Reflect on your experience and how it relates to the concepts covered in the course.

Career center

Learners who complete Macroeconomics Performance Indicators will develop knowledge and skills that may be useful to these careers:
Policy Analyst
Policy analysts develop and analyze policies to address social and economic issues. This course may be useful for policy analysts, as it can help them understand how to measure economic growth, identify the causes of unemployment, and analyze labor markets. This course will help you develop the skills needed to analyze economic data and make recommendations to policymakers.
Financial Analyst
Financial analysts use their knowledge of economics and finance to help businesses make sound investments. This course may be useful for financial analysts, as it can help them understand how to measure economic growth, identify the causes of unemployment, and analyze labor markets. This course will help you develop the skills needed to identify and evaluate economic trends, and make recommendations to businesses and investors.
Project Manager
Project managers plan, execute, and track projects to ensure their successful completion. This course may be useful for project managers, as it can help them understand how to measure economic growth, identify the causes of unemployment, and analyze labor markets.
Sales Manager
Sales managers lead and motivate sales teams to achieve sales goals. This course may be useful for sales managers, as it can help them understand how to measure economic growth, identify the causes of unemployment, and analyze labor markets.
Business Analyst
Business analysts help businesses understand their operations and make better decisions. This course may be useful for business analysts, as it can help them understand how to measure economic growth, identify the causes of unemployment, and analyze labor markets.
Statistician
Statisticians collect, analyze, and interpret data to help businesses and governments make informed decisions. This course may be useful for statisticians, as it can help them understand how to measure economic growth, identify the causes of unemployment, and analyze labor markets.
Data Analyst
Data analysts collect, analyze, and interpret data to help businesses make informed decisions. This course may be useful for data analysts, as it can help them understand how to measure economic growth, identify the causes of unemployment, and analyze labor markets. This course will help you build a foundation in economic data analysis.
Operations Manager
Operations managers oversee the day-to-day operations of a business. This course may be useful for operations managers, as it can help them understand how to measure economic growth, identify the causes of unemployment, and analyze labor markets.
Consultant
Consultants provide advice to businesses and governments on a variety of topics, including economics. This course may be useful for consultants, as it can help them understand how to measure economic growth, identify the causes of unemployment, and analyze labor markets.
Actuary
Actuaries use their knowledge of mathematics and finance to assess risk and develop insurance policies. This course may be useful for actuaries, as it can help them understand how to measure economic growth, identify the causes of unemployment, and analyze labor markets.
Economist
Economists study how economies work, and use their understanding to help governments, businesses, and individuals make informed decisions. This course may be useful for economists, as it can help them understand how to measure economic growth, identify the causes of unemployment, and analyze labor markets.
Market Research Analyst
Market research analysts study consumer behavior and trends to help businesses develop new products and services. This course may be useful for market research analysts, as it can help them understand how to measure economic growth, identify the causes of unemployment, and analyze labor markets.
Human Resources Manager
Human resources managers oversee the hiring, training, and development of employees. This course may be useful for human resources managers, as it can help them understand how to measure economic growth, identify the causes of unemployment, and analyze labor markets.
Financial Advisor
Financial advisors provide financial advice to individuals and families. This course may be useful for financial advisors, as it can help them understand how to measure economic growth, identify the causes of unemployment, and analyze labor markets.
Marketing Manager
Marketing managers develop and execute marketing campaigns to promote products and services. This course may be useful for marketing managers, as it can help them understand how to measure economic growth, identify the causes of unemployment, and analyze labor markets.

Reading list

We've selected six books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in Macroeconomics Performance Indicators.
Macroeconomics widely-used textbook in economics courses and is known for its clarity and up-to-date content. It can be used to supplement and further your studies in the topics touched on in the course.
Macroeconomic Theory is an in-depth look at the neoclassical macroeconomic models used by economists. This can provide you with a deeper look at the theories behind measuring economic performance.
The Macroeconomics of Growth and Development provides an analysis of the role of macroeconomic policy in the economic development of nations. This can provide more depth when examining the data presented in the course regarding economic growth and development.
Macroeconomic Fluctuations and Growth focuses on the analysis of macroeconomic fluctuations and growth, providing a useful complement to the course's coverage of these topics.
The Macroeconomics of the Euro Area provides a focused examination of the macroeconomic challenges faced by the Eurozone, providing insights relevant to the course's coverage of international macroeconomic issues.

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