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Macroeconomics Policy

KK Tang

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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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.

What's inside

Learning objectives

  • 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
  • This course explores:

Good to know

Know what's good
, what to watch for
, and possible dealbreakers
Teaches essential macroeconomic concepts and theories using real-world examples
Examines contemporary domestic and international macroeconomic issues
Provides a strong foundation for macroeconomics
Suitable for individuals interested in pursuing economics further
Taught by instructors who are university professors
Aligned with an introductory macroeconomics course taught on campus at The University of Queensland

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Career center

Learners who complete Macroeconomics Policy will develop knowledge and skills that may be useful to these careers:
Economist
Economists study economic data and trends to forecast economic activity. They use their knowledge of economics to advise businesses and governments on economic policy. This course provides a comprehensive overview of macroeconomic policy, including fiscal and monetary policy. By taking this course, you will gain the knowledge and skills necessary to succeed as an Economist.
Financial Analyst
Financial Analysts evaluate the financial performance of companies and make recommendations on investment opportunities. They use their knowledge of economics to understand the factors that influence the financial markets. This course provides a strong foundation in macroeconomic concepts and theories, which are essential for understanding the economic environment in which companies operate. By taking this course, you will gain the knowledge and skills necessary to succeed as a Financial Analyst.
Portfolio Manager
Portfolio Managers manage investment portfolios for individuals and institutions. They use their knowledge of economics to make investment decisions. This course provides a strong foundation in macroeconomic concepts and theories, which are essential for understanding the economic environment in which investment decisions are made. By taking this course, you will gain the knowledge and skills necessary to succeed as a Portfolio Manager.
Investment Banker
Investment Bankers provide financial advice to companies and governments. They help companies raise capital and governments manage their debt. This course provides a strong foundation in macroeconomic concepts and theories, which are essential for understanding the economic factors that influence investment decisions. By taking this course, you will gain the knowledge and skills necessary to succeed as an Investment Banker.
Consultant
Consultants provide advice to businesses and organizations on a variety of topics, including economics. They use their knowledge of economics to help clients make informed decisions. This course provides a strong foundation in macroeconomic concepts and theories, which are essential for understanding the economic environment in which businesses operate. By taking this course, you will gain the knowledge and skills necessary to succeed as a Consultant.
Market Research Analyst
Market Research Analysts study market conditions to assess potential sales of a product or service. They gather and interpret data on consumer trends, demographics, and buying habits. This course provides a strong foundation in macroeconomic concepts and theories, which are essential for understanding the economic factors that influence consumer behavior. By taking this course, you will gain the knowledge and skills necessary to succeed as a Market Research Analyst.
Sales Manager
Sales Managers lead and motivate sales teams to achieve sales targets. They use their knowledge of economics to understand the factors that influence consumer demand. This course provides a strong foundation in macroeconomic concepts and theories, which are essential for understanding the economic environment in which sales are made. By taking this course, you will gain the knowledge and skills necessary to succeed as a Sales Manager.
Business Analyst
Business Analysts study business processes to identify areas for improvement. They use their knowledge of economics to understand the economic impact of business decisions. This course provides a strong foundation in macroeconomic concepts and theories, which are essential for understanding the economic environment in which businesses operate. By taking this course, you will gain the knowledge and skills necessary to succeed as a Business Analyst.
Data Analyst
Data Analysts collect, analyze, and interpret data to help businesses make informed decisions. They use their knowledge of economics to understand the economic factors that influence business performance. This course provides a strong foundation in macroeconomic concepts and theories, which are essential for understanding the economic environment in which businesses operate. By taking this course, you will gain the knowledge and skills necessary to succeed as a Data Analyst.
Risk Manager
Risk Managers identify and assess risks to businesses and organizations. They develop and implement strategies to mitigate these risks. This course provides a strong foundation in macroeconomic concepts and theories, which are essential for understanding the economic risks that businesses face. By taking this course, you will gain the knowledge and skills necessary to succeed as a Risk Manager.
Marketing Manager
Marketing Managers develop and implement marketing plans to promote products and services. They use their knowledge of economics to understand the factors that influence consumer demand. This course provides a strong foundation in macroeconomic concepts and theories, which are essential for understanding the economic environment in which marketing decisions are made. By taking this course, you will gain the knowledge and skills necessary to succeed as a Marketing Manager.
Operations Research Analyst
Operations Research Analysts use mathematical and statistical methods to solve business problems. They use their knowledge of economics to understand the economic factors that influence business operations. This course provides a strong foundation in macroeconomic concepts and theories, which are essential for understanding the economic environment in which operations research analyses are conducted. By taking this course, you will gain the knowledge and skills necessary to succeed as an Operations Research Analyst.
Policy Analyst
Policy Analysts develop and evaluate public policies. They use their knowledge of economics to understand the economic impact of public policies. This course provides a strong foundation in macroeconomic concepts and theories, which are essential for understanding the economic environment in which public policies are developed and evaluated. By taking this course, you will gain the knowledge and skills necessary to succeed as a Policy Analyst.
Actuary
Actuaries use mathematical and statistical methods to assess risk and uncertainty. They use their knowledge of economics to understand the economic factors that influence risk. This course provides a strong foundation in macroeconomic concepts and theories, which are essential for understanding the economic environment in which actuarial assessments are made. By taking this course, you will gain the knowledge and skills necessary to succeed as an Actuary.
Statistician
Statisticians collect, analyze, and interpret data to help businesses and organizations make informed decisions. They use their knowledge of economics to understand the economic factors that influence data. This course provides a strong foundation in macroeconomic concepts and theories, which are essential for understanding the economic environment in which statistical analyses are conducted. By taking this course, you will gain the knowledge and skills necessary to succeed as a Statistician.

Reading list

We've selected 12 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 Policy.
This textbook good choice for students who want to learn about macroeconomics from a more theoretical perspective. It is less comprehensive than Blanchard's textbook, but it goes into more depth on some topics.
This textbook good choice for students who want to learn about macroeconomics from a more graphical perspective. It is less mathematical than other textbooks, but it provides more visual aids.
This textbook good choice for students who want to learn about macroeconomics from a more historical perspective. It provides a good overview of the major macroeconomic theories and policies of the past century.
This textbook good choice for students who want to learn about macroeconomics in a shorter format. It is less comprehensive than other textbooks, but it provides a good overview of the most important topics.
This textbook good choice for students who want to learn about macroeconomics from a more international perspective. It provides a good overview of the macroeconomic theories and policies of different countries.
This textbook good choice for students who want to learn about macroeconomics from a more historical perspective. It provides a good overview of the major macroeconomic theories and policies of the past century.
Classic work in macroeconomics. It provides a rigorous and comprehensive overview of the field, and it is still widely cited by economists today.
Provides a comprehensive overview of the macroeconomic theories and policies of economic growth and development.
Provides a comprehensive overview of the macroeconomic theories and policies of international economics.

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