Understanding the Australian Economy
Resource-rich, service-driven economy with strong trade ties to Asia, robust banking, inflation targeting, and flexible exchange rates.
Resource-rich, service-driven economy with strong trade ties to Asia, robust banking, inflation targeting, and flexible exchange rates.
This course provides an introduction to the Australian economy, emphasizing macroeconomic and financial policies. It covers key economic attributes, domestic and international influences, and major policy issues. The curriculum explores monetary policy, fiscal policy, and the impact of global events like the 2007-2010s financial crisis. Through lectures, expert interviews, and data analysis, students gain insights into how policymakers address economic challenges using monetary and fiscal tools. The course is designed for beginners with no prior economics background, offering a blend of economic theory and real-world applications to current issues in the Australian economy.
4.5
(57 ratings)
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What you'll learn
Understand key attributes of the Australian economy and their influences
Examine how monetary and fiscal policies are used to address economic challenges
Analyze the impact of global events like the 2007-2010s financial crisis on Australia
Apply economic reasoning and theories to current issues in the Australian economy
Skills you'll gain
This course includes:
3.6 Hours PreRecorded video
5 assignments
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FullTime access
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There are 4 modules in this course
This course offers a comprehensive introduction to the Australian economy, focusing on macroeconomic and financial policies. It is structured into four modules, each exploring critical aspects of Australia's economic landscape. The first module provides an overview of the Australian economy, examining key macroeconomic variables such as GDP, unemployment, inflation, and exchange rates. The second module delves into monetary policy and the role of the Reserve Bank of Australia in stabilizing the economy. The third module covers fiscal policy in Australia, discussing its objectives, functions, and historical applications. The final module explores the 2007-2010s Global Financial Crisis, its causes, consequences, and Australia's unique experience during this period. Throughout the course, students will engage with economic theories, analyze real-world data, and gain insights from expert interviews, providing a well-rounded understanding of Australia's economic dynamics and policy-making processes.
The Australian economy in a nutshell
Module 1 · 3 Hours to complete
Monetary policy and the RBA
Module 2 · 3 Hours to complete
Fiscal policy in Australia
Module 3 · 2 Hours to complete
The 2007 - 2010s Global Financial Crisis
Module 4 · 5 Hours to complete
Fee Structure
Payment options
Financial Aid
Instructor
Expert in Macroeconomics and International Finance
Dr. Denny Lie is a Lecturer at the University of Sydney's School of Economics, where he teaches both undergraduate and postgraduate courses. Before joining the university, he was a research associate at the Federal Reserve Bank of Boston and served as a consultant for Bank Indonesia, the central bank of Indonesia. His primary research interests encompass macroeconomics, monetary economics, and international finance. Dr. Lie earned his PhD in economics from Boston University in Massachusetts, equipping him with a strong foundation for his academic and consulting roles.
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4.5 course rating
57 ratings
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