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.
Understanding the Australian economy: An introduction to macroeconomic and financial policies
The University of Sydney is one of the world’s leading comprehensive research and teaching universities, consistently ranked in the top 1 percent of universities in the world. In 2015, we were ranked 45 in the QS World University Rankings, and 100 percent of our research was rated at above, or well above, world standard in the Excellence in Research for Australia report.