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 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:
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an overview of Gross Domestic Product (GDP) and the difference between nominal and real GDP
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an insight into the different models of economic growth
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lessons on how to measure and identify the various types of unemployment
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an exploration into labour markets, including labour supply and demand.
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Activities
Review your notes on macroeconomic indicators
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Refreshing your knowledge of macroeconomic indicators will help you better understand the course material and track economic performance.
Show steps
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Gather your notes or textbooks on macroeconomic indicators.
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Review the definitions, formulas, and trends of each indicator.
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Practice calculating and interpreting macroeconomic indicators.
Review the basics of economics
Show steps
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.
Browse courses on
Microeconomics
Show steps
-
Read through your textbook chapters or online notes on the basic concepts of economics.
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Complete practice problems or quizzes to test your understanding.
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Attend a review session or workshop on the basics of economics.
Compile a collection of macroeconomic resources
Show steps
Compiling a collection of macroeconomic resources will provide you with a valuable reference point for your studies.
Browse courses on
Online Courses
Show steps
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Identify and gather resources from various sources, such as online courses, textbooks, research papers, and databases.
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Organize the resources into a structured format, such as a list or spreadsheet.
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Include relevant information for each resource, such as the title, author, publication date, and a brief description.
Four other activities
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Show all seven activities
Complete practice questions on macroeconomic concepts
Show steps
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
Show steps
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.
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Complete any practice exercises or quizzes provided in the tutorials.
Participate in a study group to discuss macroeconomic topics
Show steps
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.
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Choose a topic or set of questions to discuss each week.
-
Prepare for each session by reviewing the material and completing any assigned readings.
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Attend the study group sessions and actively participate in discussions.
Volunteer at a local economic development organization
Show steps
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
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Identify local economic development organizations in your area.
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Contact the organizations and inquire about volunteer opportunities.
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Attend volunteer training or orientation programs.
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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.
Review your notes on macroeconomic indicators
Show steps
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
Show steps
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.
Browse courses on
Microeconomics
Show steps
- 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
Show steps
Compiling a collection of macroeconomic resources will provide you with a valuable reference point for your studies.
Browse courses on
Online Courses
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.
Complete practice questions on macroeconomic concepts
Show steps
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
Show steps
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
Show steps
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
Show steps
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.
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- Macroeconomics Policy
- International Macroeconomics
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