This four-week, four-module course explores selective aspects of the Australian economy, with emphasis on macroeconomic and financial policies. The course introduces participants to several key attributes of the Australian economy and discusses how they are influenced by both domestic and international forces. We will examine some of the key issues and dilemmas facing the Australian economy and how policymakers can deal with them using monetary and fiscal policies. There will also be a discussion on the still-fresh 2007-2010s global financial crisis, the lessons learned, and how policymakers deal with the aftermath. Discussions will be centered around sound economic theories and reasoning, and utilize actual data whenever applicable. Applications of the economic reasoning and theories to current, real-world issues pertaining to the Australian economy will also be provided. In addition to conventional lectures, the course also contains several interviews with relevant experts and practitioners. No prior knowledge or training in economics is required.
Offert par
Understanding the Australian economy: An introduction to macroeconomic and financial policies
Université de SydneyÀ propos de ce cours
Offert par
Université de Sydney
Our excellence in research and teaching makes the University of Sydney one of the top universities in Australia and highly ranked among the best universities in the world. In 2020, we were ranked second in the Times Higher Education (THE) University Impact Rankings, and first in Australia in the QS Graduate Employability Rankings.
Programme du cours : ce que vous apprendrez dans ce cours
The Australian economy in a nutshell
Welcome to the MOOC! This week we will take a whirlwind tour of the Australian economy. More specifically, we will examine Australia's economy according to four key macroeconomic variables: gross domestic product, unemployment rate, inflation rate and exchange rate. Also, this week we will step back in time for a short history of the exchange rate regimes in Australia. Through this journey, we will explore why our nation is currently in the era of floating exchange rates.
Monetary policy and the RBA
This week, we will drill down deeper into the heart of the Australian economy to explore monetary policy and the role of the central bank (the Reserve Bank of Australia, RBA) in stabilising and influencing the economy. First, we'll look at the transmission channels of monetary policy to see how the RBA can influence inflation and the level of activity in the economy. Next, we'll examine a simple but powerful framework to explain the RBA's stabilisation policies.
Fiscal policy in Australia
This week we will have a brief overview of fiscal policy in Australia. Fiscal policy is an important topic and is widely used by policymakers to influence economic fluctuations, both in the short and medium run. In this module we will discuss the primary objectives and functions of fiscal policy in our nation. We will then apply a (familiar) economic framework in order to analyse fiscal policy and its impact on the economy. Using this framework, we’ll analyse several actual past, past policy episodes in the Australian economy.
The 2007 - 2010s Global Financial Crisis
This week, we will investigate a momentous economic event: the 2007 Global Financial Crisis, or GFC.
Foire Aux Questions
When will I have access to the lectures and assignments?
Access to lectures and assignments depends on your type of enrollment. If you take a course in audit mode, you will be able to see most course materials for free. To access graded assignments and to earn a Certificate, you will need to purchase the Certificate experience, during or after your audit. If you don't see the audit option:
The course may not offer an audit option. You can try a Free Trial instead, or apply for Financial Aid.
The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.
What will I get if I purchase the Certificate?
When you purchase a Certificate you get access to all course materials, including graded assignments. Upon completing the course, your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.
What is the refund policy?
You will be eligible for a full refund until two weeks after your payment date, or (for courses that have just launched) until two weeks after the first session of the course begins, whichever is later. You cannot receive a refund once you’ve earned a Course Certificate, even if you complete the course within the two-week refund period. See our full refund policy.
Is financial aid available?
Yes, Coursera provides financial aid to learners who cannot afford the fee. Apply for it by clicking on the Financial Aid link beneath the "Enroll" button on the left. You’ll be prompted to complete an application and will be notified if you are approved. Learn more.
D'autres questions ? Visitez le Centre d'Aide pour les Etudiants.
