Macroeconomics Policy from edX

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:

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

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 Policy with these activities:

Review Basic Algebra and Calculus

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Brushing up on these mathematical skills ensures that students have a solid foundation for understanding economic models, analytical frameworks, and problem-solving techniques.

Browse courses on Algebra

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Review notes or textbooks on basic algebra and calculus.
Practice solving simple equations and applying derivatives.

Review Economic Principles Textbook

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Reviewing the textbook provides a foundation to understand the concepts and theories that will be covered in the course, making it easier to comprehend the material and actively engage in discussions.

View Macroeconomics ; Australasian Edition on Amazon

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Read and take notes on the assigned chapters.
Identify key terms and concepts.
Develop questions to ask in class.

Develop a Mind Map of Macroeconomic Concepts

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Creating a mind map encourages active recall and visual organization of the concepts, facilitating better retention and a more interconnected understanding.

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Brainstorm and list down all the key macroeconomic concepts.
Establish connections and relationships among the concepts.
Use colors, symbols, or images to create a visually appealing and memorable mind map.

Two other activities

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Join a Study Group for Macroeconomics

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Engaging in discussions with peers allows for exchange of ideas, different perspectives, and clarifies misconceptions, fostering a deeper understanding of the subject matter.

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Find or form a study group with classmates or students from other courses.
Establish regular meeting times and schedules.
Take turns presenting concepts, leading discussions, and solving problems.

Develop a Policy Brief on a Macroeconomic Issue

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This real-world application of macroeconomic knowledge allows students to synthesize their understanding, apply it to current issues, and communicate their findings effectively.

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Identify a current macroeconomic issue.
Research and analyze the issue thoroughly.
Propose and justify policy recommendations.
Write a concise and persuasive policy brief.

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.

See salaries and explore the career path for 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.

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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.

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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.

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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.

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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.

See salaries and explore the career path for 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.

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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.

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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.

See salaries and explore the career path for 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.

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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.

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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.

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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.

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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.

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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.

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