About this Course

5,523 recent views
Shareable Certificate
Earn a Certificate upon completion
100% online
Start instantly and learn at your own schedule.
Flexible deadlines
Reset deadlines in accordance to your schedule.
Approx. 14 hours to complete
English

Instructor

Shareable Certificate
Earn a Certificate upon completion
100% online
Start instantly and learn at your own schedule.
Flexible deadlines
Reset deadlines in accordance to your schedule.
Approx. 14 hours to complete
English

Offered by

Placeholder

The University of Sydney

Syllabus - What you will learn from this course

Week
1

Week 1

3 hours to complete

The Australian economy in a nutshell

3 hours to complete
7 videos (Total 29 min), 4 readings, 1 quiz
7 videos
Introduction to Module 155s
GDP7m
Unemployment and inflation rates5m
Exchange rates5m
Exchange rate regimes in Australia4m
Module 1 conclusion1m
4 readings
How to navigate the course10m
Overview of the assessments and activities10m
Module 1 list of figures10m
Module 1 further readings10m
1 practice exercise
Assessment 1 - Module 1 quiz45m
Week
2

Week 2

3 hours to complete

Monetary policy and the RBA

3 hours to complete
11 videos (Total 67 min), 2 readings, 1 quiz
11 videos
Monetary policy4m
The transmission channel5m
The IS-LM model9m
Inflation and output stabilisation4m
Exchange rate stabilisation I12m
Exchange rate stabilisation II4m
Primary challenges in achieving the RBA's objectives6m
Factors that may impact on the conduct of monetary policy3m
Module 2 conclusion1m
OPTIONAL - Full interview with Malcolm Edey13m
2 readings
Module 2 list of figures10m
Module 2 further readings10m
1 practice exercise
Assessment 2 - Module 2 quiz45m
Week
3

Week 3

2 hours to complete

Fiscal policy in Australia

2 hours to complete
9 videos (Total 47 min), 2 readings, 1 quiz
9 videos
Introduction to fiscal policy in Australia8m
The objectives of fiscal policy4m
The functions of fiscal policy6m
The modified AS-AD framework6m
Applying the modified AS-AD framework6m
Australian applications, 1986 - 19966m
Australian applications, 1997 - 20126m
Module 3 conclusion1m
2 readings
Module 3 list of figures10m
Module 3 further readings10m
1 practice exercise
Assessment 3 - Module 3 quiz45m
Week
4

Week 4

5 hours to complete

The 2007 - 2010s Global Financial Crisis

5 hours to complete
12 videos (Total 73 min), 3 readings, 2 quizzes
12 videos
The GFC - What happened?6m
The GFC - How did it happen?8m
The GFC - The response of the policymakers5m
An interview with Adrian Blundell-Wignall - Part 1: Why were many caught off guard by the GFC?3m
The benefits of "good luck"6m
The benefits of "good policy"6m
Interview with Malcolm Edey: Why did Australia escape the worst of the GFC?3m
Interview with Adrian Blundell-Wignall - Part 2: Why did Australia escape the worst of the GFC?9m
Module 4 conclusion1m
OPTIONAL: Full interview with Adrian Blundell-Wignall16m
Summary of course2m
3 readings
Module 4 list of figures10m
Why was the Chinese economy booming at the time of the GFC?15m
Module 4 further readings10m
2 practice exercises
Assessment 4 - Module 4 quiz40m
Assessment 5 - End of course quiz2h

Reviews

TOP REVIEWS FROM UNDERSTANDING THE AUSTRALIAN ECONOMY: AN INTRODUCTION TO MACROECONOMIC AND FINANCIAL POLICIES

View all reviews

Frequently Asked Questions

More questions? Visit the Learner Help Center.