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

Introduction to the course

Introduction to Module 1

GDP

Unemployment and inflation rates

Exchange rates

Exchange rate regimes in Australia

Module 1 conclusion

How to navigate the course

Overview of the assessments and activities

Module 1 list of figures

Module 1 further readings

Assessment 1 - Module 1 quiz

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

Module 2 list of figures

Module 2 further readings

Assessment 2 - Module 2 quiz

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

Module 3 list of figures

Module 3 further readings

Assessment 3 - Module 3 quiz

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

Module 4 list of figures

Why was the Chinese economy booming at the time of the GFC?

Module 4 further readings

Assessment 4 - Module 4 quiz

Assessment 5 - End of course quiz