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The macroeconomy affects business conditions and broader social outcomes. Learn about key performance indicators of macroeconomics such as GDP, unemployment and inflation.
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This course consists of two types of materials. The first type of materials concerns with how to measure the performance of the economy as a whole. The second type of materials concerns how to explain why a country underperforms in one or more of these aspects, and what can be done about it. The behaviour of an economy as a whole is often broadly predictable, but sometimes it can suddenly change. You will learn how to understand macroeconomic data and know how it can be interpreted for analysis.
This MOOC is part of the Professional Certificate in Macroeconomics. We recommend that you explore the other two courses of the program, Macroeconomics Policy 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.
You are not required to have any experience or knowledge on particular academic disciplines; however a background in Economics and Statistics will be helpful.
This course focuses on:
an overview of Gross Domestic Product (GDP) and the difference between nominal and real GDP
an insight into the different models of economic growth
lessons on how to measure and identify the various types of unemployment
an exploration into labour markets, including labour supply and demand.
If you successfully complete the Professional Certificate in Macroeconomics and the Professional Certificate in Microeconomics and wish to progress your studies further, consider the Graduate Certificate in Economic Studies (GCEconSt) offered at The University of Queensland. This is the next step for you to obtain valuable analytical and decision making skills (including a postgraduate degree from a world-class university) that can potentially give you the edge in your career.
