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Quick Facts
| Medium Of Instructions | Mode Of Learning | Mode Of Delivery |
|---|---|---|
| English | Self Study | Video and Text Based |
Courses and Certificate Fees
| Fees Informations | Certificate Availability | Certificate Providing Authority |
|---|---|---|
| INR 2436 | yes | Coursera |
The fees for the course Understanding the Australian economy: An introduction to macroeconomic and financial policies is -
| Head | Amount in INR |
| Certificate Fees | Rs. 2,436 |
The Syllabus
Videos
- Introduction to the course
- Introduction to Module 1
- GDP
- Unemployment and inflation rates
- Exchange rates
- Exchange rate regimes in Australia
- Module 1 conclusion
Readings
- How to navigate the course
- Overview of the assessments and activities
- Module 1 list of figures
- Module 1 further readings
Assignment
- Assessment 1 - Module 1 quiz
Discussion prompts
- Introduce yourself
- Is GDP measure flawed?
- Is Australia's economy slowing down?
Videos
- Introduction to Module 2
- Monetary policy
- The transmission channel
- The IS-LM model
- Inflation and output stabilisation
- Exchange rate stabilisation I
- Exchange rate stabilisation II
- Primary challenges in achieving the RBA's objectives
- Factors that may impact on the conduct of monetary policy
- Module 2 conclusion
- OPTIONAL - Full interview with Malcolm Edey
Readings
- Module 2 list of figures
- Module 2 further readings
Assignment
- Assessment 2 - Module 2 quiz
Discussion prompts
- The importance of the cash rate
- Is a falling Aussie dollar helpful to the economy?
Videos
- Introduction to Module 3
- Introduction to fiscal policy in Australia
- The objectives of fiscal policy
- The functions of fiscal policy
- The modified AS-AD framework
- Applying the modified AS-AD framework
- Australian applications, 1986 - 1996
- Australian applications, 1997 - 2012
- Module 3 conclusion
Readings
- Module 3 list of figures
- Module 3 further readings
Assignment
- Assessment 3 - Module 3 quiz
Discussion prompts
- The 2019-2020 Commonwealth budget
Videos
- Introduction to Module 4
- The GFC - What happened?
- The GFC - How did it happen?
- The GFC - The response of the policymakers
- An interview with Adrian Blundell-Wignall - Part 1: Why were many caught off guard by the GFC?
- The benefits of "good luck"
- The benefits of "good policy"
- Interview with Malcolm Edey: Why did Australia escape the worst of the GFC?
- Interview with Adrian Blundell-Wignall - Part 2: Why did Australia escape the worst of the GFC?
- Module 4 conclusion
- OPTIONAL: Full interview with Adrian Blundell-Wignall
- Summary of course
Readings
- Module 4 list of figures
- Why was the Chinese economy booming at the time of the GFC?
- Module 4 further readings
Assignment
- Assessment 4 - Module 4 quiz
- Assessment 5 - End of course quiz
Discussion prompts
- A little too late?
- Should we regulate state-owned banks at a global level?
- Take-home messages
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