The University of Sydney
Understanding the Australian economy: An introduction to macroeconomic and financial policies
The University of Sydney

Understanding the Australian economy: An introduction to macroeconomic and financial policies

Taught in English

Some content may not be translated

4,900 already enrolled


Gain insight into a topic and learn the fundamentals

Denny Lie

Instructor: Denny Lie


(55 reviews)

14 hours to complete
3 weeks at 4 hours a week
Flexible schedule
Learn at your own pace

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There are 4 modules in this course

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.

What's included

7 videos4 readings1 quiz3 discussion prompts

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.

What's included

11 videos2 readings1 quiz2 discussion prompts

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.

What's included

9 videos2 readings1 quiz1 discussion prompt

This week, we will investigate a momentous economic event: the 2007 Global Financial Crisis, or GFC. Here we’ll have a crash course on the crisis – its main causes and consequences, the subsequent policy responses by policymakers and regulators, as well as its particular impact on the Australian economy.

What's included

12 videos3 readings2 quizzes3 discussion prompts


Instructor ratings
4.6 (19 ratings)
Denny Lie
The University of Sydney
1 Course4,900 learners

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